Tarena International, Inc Announces the Results for the Second Quarter of 2021 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
BEIJING, May 25, 2021 /PRNewswire/ Tarena International, Inc. (NASDAQ: TEDU) ( Tarena or the Company ), a leading provider of professional education and K-12 education services in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.
First Quarter 2021
Highlights
Net revenues increased by 80.9% year-over-year to RMB533.8 million (US$81.5 million), from RMB295.0 million in the same period of 2020.
Net revenue from adult education business, which represented 47.9% of the total net revenues, increased by 19.9% year-over-year to RMB255.5 million (US$39.0 million), from RMB213.1 million in the same period of 2020.
Net revenue from K-12 education business, which represented 52.1% of the total net revenues, increased by 239.8% year-over-year to RMB278.3 million (US$42.5 million), from RMB81.9 million in the same period of 2020.
Tarena International, Inc Announces the Results for the Fourth Quarter and Fiscal Year of 2020 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.