Consumer Discretionary Nov 20, 2020 01:52 PM (GMT+8)
The third quarter of fiscal year 2020 was released today by online education institutions who learned from others. According to the financial report, in the first three quarters of fiscal year 2020, the income of learning from whom was 49137 million yuan, a year-on-year increase of 316.5%. Among them, the income of K12 online courses was 4.262.2 billion yuan, with a year-on-year increase of 356.5%. The number of paid students for regular courses reached 3.596 million yuan, an increase of 229.6% year-on-year. K-12 online course paid 3.29 million people, an increase of 245.2% year-on-year. In the third quarter, its net loss was 932.5 million yuan, compared with 1.9 million yuan in the same period last year.
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