Thiophene-phenylene co-oligomers (TPCOs) have shown their high potential for organic light-emitting devices because of their high luminescence and efficient charge transport. However, unsubstituted TPCOs have relatively wide optical bandgaps and the high-lying lowest unoccupied molecular orbital (LUMO) energies so that efficient electron transport is a challenge. Electron-withdrawing groups (EWGs) and fluorinated fragments embedded into the TPCO molecule structure could result in the lower LUMO energy and narrower optical bandgap. Here, we report the synthesis of two novel TPCOs series with either phenylene or perfluorinated phenylene central core and end-capped with various EWGs (aldehyde, 2-ethylhexyl cyanoacetate, hexyl rhodanine and dicyanorhodanine) and with long alkyl terminal and side chains increasing the solubility. All the oligomers synthesized were found to be thermally stable and crystalline materials with relatively low LUMO energies (down to −3.50 eV), narrow bandgaps (down to 1.9 eV), and efficient photoluminescence in the green – deep red spectral regions both in solution and solid-state. The TPCOs with 2-ethylhexyl cyanoacetate EWG were crystallized in large-area single-crystal monolayers, which showed strongly polarized photoluminescence and demonstrated their high potential as active layers in solution-processed single-layer organic light-emitting transistors. Display omitted •Donor-acceptor low-bandgap thiophene-phenylene co-oligomers (TPCOs) were reported.•Impact of the acceptor groups and fluorinated phenylene unit on the properties was evaluated.•TPCOs show strong photoluminescence (PL) in the green – deep red spectral regions.•CNA-based TPCOs form large-area single-crystal monolayers showing polarized PL.•Some TPCOs showed a high potential in organic light-emitting transistors.