China Online Education Group

51Talk Online Education Group engages in the operation of an online education platform in China. It operates under the China and Philippines geographical segments. Its online and mobile education platforms enable students across China to take live interactive english lessons with overseas foreign teachers on demand. The company was founded by Jia Jia Huang, Ting Shu, and Li Ming Zhang in July 2011 and is headquartered in Singapore.

Earnings data Q1 2021

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

China Online Education Group reports Q1 revenue growth but faces cost challenges

COE's Q1 performance reflects revenue growth but challenges in controlling operating expenses, leading to an operating loss.
The company's strategic strengths lie in branding initiatives, product innovation, and a solid financial position with USD 21.7 million in total cash.
Opportunities for COE include revenue expansion, market differentiation through innovation, and a focus on cost optimization for sustainable growth.

China Online Education Group posts robust Q2 earnings, eyes global expansion

China Online Education Group (COE) delivered strong financial performance in Q2 2024, marked by revenue growth and improved net loss compared to the previous year.
While facing challenges in operating expenses and profitability, COE's strategic strengths lie in its financial stability, market expansion initiatives, and long-term growth prospects.
The company's focus on cost management, revenue generation, and market diversification presents opportunities for sustained growth and success in the evolving online education landscape.

China Online Education Group (COE) reports strong Q3 growth and eyes profitability

China Online Education Group (COE) delivered strong revenue growth in Q3 2024, driven by robust gross billings and AI adoption. While facing challenges with operating expenses and profitability, the company remains focused on growth and localization strategies. Opportunities for further improvement and expansion are evident, with a positive outlook for Q4.

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SINGAPORE , April 6, 2023 /PRNewswire/ -- 51Talk Online Education Group ("51Talk" or the "Company") (NYSE: COE), a global online education platform with core expertise in English education, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission ("SEC") on April 6, 2023. The annual report can be accessed on the Company's investor relations website at http://ir.51talk.com/ as well as the SEC's website at http://www.sec.gov.

51Talk Online Education Group Files Annual Report on Form 20-F for Fiscal Year 2022

51Talk Online Education Group (NYSE:COE ) Q4 2022 Earnings Conference Call March 29, 2023 8:00 AM ET Company Participants David Chung – Investor Relations Jack Huang – Chief Executive Officer Cindy Tang – Chief Financial Officer Conference Call Participants Operator Hello, ladies and gentlemen. Thank you for standing by for 51Talk Online Educational Group's Fourth Quarter 2022 Earnings Conference Call.

51Talk Online Education Group (COE) Q4 2022 Earnings Call Transcript

SINGAPORE , March 29, 2023 /PRNewswire/ -- 51Talk Online Education Group ("51Talk" or the "Company") (NYSE: COE), a global online education platform with core expertise in English education, announced its unaudited results for the third quarter ended September 30, 2022, and the fourth quarter and full year ended December 31, 2022. Full Year 2022 Financial Highlights The Company completed the divestiture of its China mainland business on June 30 th, 2022.

51Talk Online Education Group Announces the Results for the Third Quarter, the Fourth Quarter and Full Year 2022

Earnings Call Scheduled for 8:00 a.m. EST on March 29, 2023 SINGAPORE , March 28, 2023 /PRNewswire/ -- 51Talk Online Education Group ("51Talk", or the "Company") (NYSE: COE), a global online education platform with core expertise in English education, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2022, the fourth quarter and fiscal year ended December 31, 2022 on Wednesday, March 29, 2023, before the open of U.S. markets.

51Talk Online Education Group to Report Third Quarter, Fourth Quarter and Fiscal Year 2022 Financial Results on Wednesday, March 29, 2023

SINGAPORE , Dec. 5, 2022 /PRNewswire/ -- 51Talk Online Education Group ("51Talk" or the "Company") (NYSE: COE), a global online education platform with core expertise in English education, announced today that the Company will change the ratio of its American depositary shares ("ADSs") to Class A ordinary shares (the "ADS Ratio") from one (1) ADS representing fifteen (15) Class A ordinary shares to one (1) ADS representing sixty (60) Class A ordinary shares. The intention of the ADS ratio change is to prepare the Company for a contemplated transfer of the listing of its ADSs from the New York Stock Exchange to the Nasdaq Capital Market.

51Talk Online Education Group Announces ADS Ratio Change

SINGAPORE , Sept. 30, 2022  /PRNewswire/ -- China Online Education Group ("51Talk," the "Company" or "51Talk Online Education Group") (NYSE: COE), a global online education platform with core expertise in English education, today announced that, at its annual general meeting of shareholders held on September 30, 2022, shareholders of the Company adopted the following resolutions as special resolutions proposed by the Company: THAT the name of the Company be and is hereby changed from "China Online Education Group" to "51Talk Online Education Group" effective immediately, and that any one director or officer of the Company be and is hereby authorized to take any and every action that might be necessary, appropriate or desirable to give effect to the foregoing resolution as such director or officer, in his/her absolute discretion, thinks fit, including but not limited to, attendance on any filing or registration procedures for and on behalf of the Company in the Cayman Islands; and THAT the Company's Fifth Amended and Restated Memorandum and Articles of Association (the "Current M&AA") be amended and restated with immediate effect by the deletion in their entirety and by the substitution in their place of the Sixth Amended and Restated Memorandum and Articles of Association to reflect the change of the name of the Company, and that any one director or officer of the Company be and is hereby authorized to take any and every action that might be necessary, appropriate or desirable to give effect to the foregoing resolution as such director or officer, in his/her absolute discretion, thinks fit, including but not limited to, attendance on any filing or registration procedures for and on behalf of the Company in the Cayman Islands.

51Talk Online Education Group's Name Is Approved and Adopted by Way of Annual General Meeting on September 30, 2022

China Online Education Group. (NYSE:COE ) Q2 2022 Earnings Conference Call August 30, 2022 8:00 AM ET Company Participants Jack Jiajia Huang - CEO Min Xu - CFO Conference Call Participants Operator Hello, ladies and gentlemen, thank you for standing by for China Online Education Group's Second Quarter 2022 Earnings Conference Call.

China Online Education Group (COE) Q2 2022 Results - Earnings Call Transcript

SINGAPORE , Aug. 30, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a global online education platform with core expertise in English education, announced its unaudited financial results for the second quarter ended June 30, 2022. Second  Quarter 2022  Financial and Operating Highlights The Company completed the divesture of its China mainland business on June 30 th, 2022.

China Online Education Group Announces Second Quarter 2022 Results

Earnings Call Scheduled for 8:00 a.m. EDT on August 30, 2022 SINGAPORE , Aug. 25, 2022 /PRNewswire/ -- China Online Education Group ("51Talk", or the "Company") (NYSE: COE), a global online education platform with core expertise in English education, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2022 on Tuesday, August 30, 2022, before the open of U.S. markets.

China Online Education Group to Report Second Quarter, 2022 Financial Results on Tuesday, August 30, 2022

SINGAPORE,  Aug. 15, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a global online education platform with core expertise in English education, today announced that the audit committee of its board of directors and the board of directors have approved the dismissal of PricewaterhouseCoopers Zhong Tian LLP ("PwC") as its independent registered public accounting firm and the engagement of Marcum Bernstein & Pinchuk LLP ("MBP") as the Company's independent registered public accounting firm. MBP will be engaged to audit the annual consolidated financial statements of the Company and its subsidiaries (the "Group") filed with the U.S. Securities and Exchange Commission for the fiscal year ending December 31, 2022.

China Online Education Group Announces Engagement of Marcum Bernstein & Pinchuk LLP, a U.S. Auditor, as the Company's Independent Registered Public Accounting Firm

SINGAPORE , Aug. 8, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a global online education platform with core expertise in English education, today announced that it will hold an annual general meeting of shareholders (the "AGM") at Torino Meeting Room, 3rd Floor Deshi Building South, Shangdi Street, Haidian District, Beijing 100085, People's Republic of China, at 10:00 am (Beijing Time) on September 30, 2022. The purpose of the AGM is for the Company's shareholders to consider, and if thought fit, approve the change of the Company's legal name from "China Online Education Group" to "51Talk Online Education Group.

China Online Education Group to Hold an Annual General Meeting on September 30, 2022

China Online Education Group (NYSE:COE ) Q1 2022 Earnings Conference Call June 24, 2022 8:00 AM ET Company Participants Jack Huang - CEO Min Xu - CFO Conference Call Participants Operator Hello, ladies and gentlemen, thank you for standing by for China Online Education Group's First Quarter 2022 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded.

China Online Education Group (COE) CEO Jack Huang on Q1 2022 Results - Earnings Call Transcript

BEIJING , June 24, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE:COE), a global online education platform with core expertise in English education, announced its unaudited financial results for the first quarter ended March 31, 2022. The  Company Enters into Definitive Agreement to Spin off China Mainland Business The company has entered into a definitive share purchase agreement, dated June 24, 2022 (the "Share Purchase Agreement"), with Dasheng Holding (HK) Limited ("Dasheng"), an entity controlled by Mr.

China Online Education Group Announces First Quarter 2022 Results

BEIJING , June 24, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a global online education platform with core expertise in English education, today announced that it has entered into a definitive share purchase agreement, dated June 24, 2022 (the "Share Purchase Agreement"), with Dasheng Holding (HK) Limited ("Dasheng"), an entity controlled by Mr. Jiajia Jack Huang, chairman of the board of directors (the "Board") and chief executive officer of the Company, pursuant to which Mr.

China Online Education Group Enters into Definitive Agreement to Spin off China Mainland Business

Earnings Call Scheduled for 8:00 a.m. ET on June 24, 2022 BEIJING , June 22, 2022 /PRNewswire/ -- China Online Education Group ("51Talk", or the "Company") (NYSE: COE), a leading online education platform in China, with core expertise in English education, today announced that it will report its unaudited financial results for the first quarter ended March 31,2022 on Friday, June 24, 2022, before the open of U.S. markets.

China Online Education Group to Report First Quarter, 2022 Financial Results on Friday, June 24, 2022

BEIJING , May 10, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), an online education platform in China, with core expertise in English education, today provides an update on its status under the Holding Foreign Companies Accountable Act (the "HFCAA"). The Company is aware that it has been identified by the United States Securities and Exchange Commission (the "SEC") under the HFCAA on May 9, 2022.

China Online Education Group Provides Update on Status under Holding Foreign Companies Accountable Act

BEIJING, May 2, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), an online education platform in China, with core expertise in English education, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission ("SEC") on May 2, 2022. The annual report can be accessed on the Company's investor relations website at http://ir.51talk.com/ as well as the SEC's website at http://www.sec.gov.

China Online Education Group Files Annual Report on Form 20-F for Fiscal Year 2021

BEIJING , April 11, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a leading online education platform in China, with core expertise in English education, announced that Mr. Liming Zhang has tendered his resignation as the Company's Chief Operating Officer due to personal reasons.

China Online Education Group Announces Management Change

BEIJING, March 24, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a leading online education platform in China, with core expertise in English education, announced that its board of directors (the "Board") has received a non-binding proposal letter (the "Proposal Letter"), dated March 24, 2022, from Mr. Jiajia Jack Huang, chairman of the Board and chief executive officer of the Company ("Mr.

China Online Education Group Announces Receipt of a Non-Binding Proposal to Acquire Mainland China Business of the Company

BEIJING, March 24, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a leading online education platform in China, with core expertise in English education, announced its unaudited financial results for the third quarter ended September 30, 2021, as well as the fourth quarter and full year ended December 31, 2021. Full Year 2021 Financial and Operating Highlights Net revenues were RMB2,166.5 million (US$340.0 million), a 5.5% increase from RMB2,054.1 million for the full year 2020.

China Online Education Group Announces Full Year 2021 Results

Earnings Call Scheduled for 8:00 a.m. EST on March 24, 2022 BEIJING, March 22, 2022 /PRNewswire/ -- China Online Education Group ("51Talk", or the "Company") (NYSE: COE), a leading online education platform in China, with core expertise in English education, today announced that it will report its unaudited financial results for the third quarter, the fourth quarter and fiscal year ended December 31,2021 on Thursday, March 24, 2022, before the open of U.S. markets.

China Online Education Group to Report Third Quarter, Fourth Quarter and Fiscal Year 2021 Financial Results on Thursday, March 24, 2022

SHENZHEN, China, Dec. 21, 2021 /PRNewswire/ -- China Online Education Group ("51Talk," or the "Company") (NYSE: COE) today announced that it has received a letter dated December 20, 2021 (the "Letter") from the New York Stock Exchange (the "NYSE"), notifying the Company that it is below compliance standards due to the Company's total market capitalization and stockholders' equity. Pursuant to applicable NYSE continued listing standards, a company would be considered "below criteria" by the NYSE if its total market capitalization is less than US$50 million over a 30 trading-day period and its stockholders' equity is less than US$50 million.

China Online Education Group Announces Receipt of NYSE Non-Compliance Letter

China Online Education Gr(NYSE:COE) stock fell by 5.75% on Wednesday after the company reported its Q2 earnings results on Tuesday, September 28, 2021 at 05:30 AM. Here's what investors need to know about the announcement.

China Online Education: Q2 Earnings Insights

China Online Education Group (COE) CEO Jack Huang on Q2 2021 Results - Earnings Call Transcript

China Online Education Group (NYSE: COE) reported second-quarter FY21 sales growth of 17.5% year-on-year, to RMB579.8 million ($89.8 million), missing the analyst consensus of $90.92 million. Gross billings decreased 18.7% Y/Y to RMB549.9 million ($85.2 million).

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