51TalkQ3: Net revenue of 303.2 billion yuan, up 28.4percent year-on-year.

category:Internet
 51TalkQ3: Net revenue of 303.2 billion yuan, up 28.4percent year-on-year.


According to the financial data, the cash income of one-to-one business of Filipino educators and young people was RMB 331.9 billion, which was RMB 200.1 billion in the same period last year, an increase of 65.9% over the same period last year. The net loss was 190.4 billion yuan ($13.16 million), compared with 141.8 million yuan in the same period last year.

We are delighted that 51Talks net revenue and cash income in the third quarter again exceeded the high end of the expected guidance. We can continue to maintain healthy growth, mainly due to the development of one-to-one business among Filipino young people in non-first-tier cities. Mr. Huang Jiajia, founder and CEO of the company, said, The one-to-one business of Filipino Education Youth grew strongly. Its cash income increased 65.9% year-on-year, accounting for 78.2% of the total cash income. Our non-first-tier urban sinking strategy has also yielded results. In the third quarter, the proportion of non-first-tier cities in the cash income of Filipino Youth One-to-One Business accounted for 69.4%, while the proportion of non-first-tier cities in the last quarter and the same period last year accounted for 65.4% and 58.6% respectively.

Chinas online education industry is full of opportunities. With the further expansion of our core business, Filipino Education Youth One-to-One Business in non-first-tier cities, we expect that growth will continue to accelerate. Our urban sinking strategy enables us to gain core users in markets with huge potential in non-first-tier cities. We will continue to improve our self-developed curriculum products and technology platform to promote the development of online education industry. Huang Jiajia concluded. Mr. Xu Ming, Co-Chief Financial Officer of the company, added, In the third quarter of 2018, we further strengthened our business, and both cash and net revenue continued to grow year on year. More students benefited from our online spoken English course. The number of active students in the third quarter has exceeded 210,000, an increase of 18.9% over the same period last year. Source of this article: Liable Editor of Netease Science and Technology Report: Qiao Junjing_NBJ11279

Chinas online education industry is full of opportunities. With the further expansion of our core business, Filipino Education Youth One-to-One Business in non-first-tier cities, we expect that growth will continue to accelerate. Our urban sinking strategy enables us to gain core users in markets with huge potential in non-first-tier cities. We will continue to improve our self-developed curriculum products and technology platform to promote the development of online education industry. Huang Jiajia concluded.

Mr. Xu Ming, Co-Chief Financial Officer of the company, added, In the third quarter of 2018, we further strengthened our business, and both cash and net revenue continued to grow year on year. More students benefited from our online spoken English course. The number of active students in the third quarter has exceeded 210,000, an increase of 18.9% over the same period last year. (Orange)