China Online Education Registers 90% Revenue Decline In Q1
China Online Education Group (NYSE:COE) (51Talk) reported a first-quarter FY22 revenue decline of 89.7% year-on-year to $9.5 million. COE did not recognize $48.0 million in non-compliant lesson consumptions as revenues. The number of active students with general lesson consumption was 298,600, down 24.0% Y/Y. Gross margin loss was (14.0)% versus 73.4% a year…
Benzinga ·
Benzinga
Caixin Global
