Welcome to our dedicated page for 51Talk news (Ticker: COE), a resource for investors and traders seeking the latest updates and insights on 51Talk stock.
51Talk Online Education Group (COE) provides investors and education professionals with authoritative updates on its AI-driven English learning platform and global EdTech initiatives. This hub aggregates official press releases, regulatory filings, and strategic announcements from the NYSE American-listed company.
Track 51Talk's financial performance, technology developments like its Smart Learning System upgrades, and international expansion efforts across Asian markets. The curated collection serves as a reliable resource for monitoring operational milestones, partnership announcements, and educational technology innovations.
Key updates include earnings reports, teacher network expansions, AI implementation progress, and regulatory compliance developments. All content is verified through primary sources to ensure accuracy for investment research and market analysis purposes.
Bookmark this page for streamlined access to 51Talk's corporate communications, eliminating the need to monitor multiple channels. Check regularly for updates on initiatives supporting the company's mission to democratize English language education through scalable technology solutions.
On May 11, 2021, China Online Education Group (NYSE: COE) announced the appointment of Mr. Shengwen (Roy) Rong as an independent director, effective immediately. He will also chair the audit committee and serve on additional committees. Mr. Conor Chia-hung Yang has resigned for personal reasons, with no disputes reported. Mr. Rong's extensive experience includes roles at various tech companies and a strong financial background. 51Talk, specializing in English education, aims to enhance access to quality education through live interactive lessons delivered by qualified foreign teachers.
China Online Education Group (NYSE: COE) announced that it will report its first quarter 2021 unaudited financial results on May 17, 2021, before U.S. market open. An earnings conference call is scheduled for the same day at 8:00 a.m. ET, with international dialing options available. The company emphasizes its commitment to providing accessible English education through innovative online platforms that connect students with qualified foreign teachers. A live and archived webcast will be accessible on their investor relations website.
China Online Education Group (NYSE: COE) has announced its acquisition of 100% equity interest in Beijing Xiangyue Education Technology Co., Ltd. (Kaola Reading). This strategic move, set to close in the first half of 2021, aims to enhance 51Talk’s curriculum and develop an English assessment system leveraging Kaola's reading assessment expertise. The acquisition will broaden course offerings, integrating Chinese courses alongside existing English education. Kaola Reading's technology uses AI to personalize learning experiences.
51Talk (COE), China's leading online education platform, announced its fourth-quarter results on March 5, 2021. The company achieved a non-GAAP net income of RMB38.6 million, marking its fifth consecutive profitable quarter, with net revenues increasing by 34.7% year-over-year to RMB535.1 million. Full year revenues also grew by 38.9% to RMB2.1 billion. Additionally, 51Talk recorded a high gross margin over 70% and operating cash flow of RMB188.5 million. The company aims to enhance user growth and brand promotion in 2021, supported by recent acquisitions and an expanding curriculum portfolio.
China Online Education Group (51Talk) (NYSE:COE) reported strong financial results for Q4 and FY 2020. Q4 net revenues reached RMB535.1 million, up 34.7% from 2019, with a gross margin of 72.7%. GAAP net income surged to RMB31.8 million from RMB0.8 million last year. For FY 2020, total revenues were RMB2,054.1 million, representing a 38.9% increase. Key drivers included a 70% rise in new paying students and a substantial operating cash flow of RMB719.3 million. The company also highlighted its acquisition of GKid, expanding its product offerings and addressing younger demographics.
China Online Education Group (NYSE: COE) will release its fourth quarter 2020 unaudited financial results on March 5, 2021, before U.S. markets open. Company's management will host an earnings call at 8:00 a.m. ET the same day. Investors can access the call via phone or through a live webcast on the company's investor relations site. The call will provide insights into the company's financial performance, focusing on its English education services in China.
China Online Education Group (51Talk) (NYSE: COE) reported a robust third quarter for 2020, with net revenues of RMB538.5 million (US$79.3 million), a 31.8% increase from the previous year. Gross margin rose to 72.8%, and net income reached RMB31.6 million, up from a net loss of RMB5.8 million in Q3 2019. Active students increased by 30.9% to 338,000, solidifying the success of their K-12 one-on-one mass market strategy. The company anticipates fourth-quarter revenues of RMB525 million to RMB530 million, reflecting growth amidst ongoing demand for online education.
China Online Education Group (NYSE: COE) announced it will release its third quarter 2020 unaudited financial results on November 23, 2020, before U.S. market opening. The management will host an earnings conference call at 8:00 a.m. EST, allowing shareholders and analysts to discuss results. Key dial-in details for U.S. and international participants were provided, alongside archived access options. As a leading online education platform in China, the company focuses on English education using interactive lessons with foreign teachers, aiming to make quality education accessible.
The airline industry continues to suffer under COVID-19, leading flight attendants like Ann Pearl to seek alternative livelihoods. Pearl transitioned to an online English tutor with 51Talk, enabling her to balance family responsibilities while staying safe during the pandemic. She gained inspiration from a discussion with Pia Wurtzbach and has become a popular tutor. 51Talk has offered 30,000 jobs this year to support Filipinos affected by the pandemic, capitalizing on rising demand for online English teachers in China. The company emphasizes the potential earnings of up to PHP 200 per hour for dedicated tutors.
China Online Education Group (51Talk) reported its second quarter 2020 financial results, marking its third consecutive quarter of profitability. Non-GAAP net income reached RMB39.6 million, while GAAP net income stood at RMB32.8 million. The company maintained a strong gross margin exceeding 70% and achieved record gross billings of RMB676.4 million. Net revenue increased by 40% year-over-year, totaling RMB493.5 million. With a market share of 46% in the K-12 online English education sector, 51Talk continues to attract customers through its competitive pricing and high-quality teaching, primarily leveraging Filipino teachers.
