51Talk Online Education Group Reported Q1 Gross Billings of $12.6M, up by 55.6% YoY
Portfolio Pulse from Benzinga Newsdesk
51Talk Online Education Group reported significant growth in its Q1 2024 financial results, with gross billings up by 55.6% YoY to $12.6M and net revenues increasing by 70.1% YoY to $9.4M. The number of active students also saw a substantial rise of 83.3% YoY.
June 12, 2024 | 10:04 am
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51Talk Online Education Group (COE) reported strong Q1 2024 financial results, with gross billings up 55.6% YoY to $12.6M and net revenues up 70.1% YoY to $9.4M. The number of active students increased by 83.3% YoY.
The significant YoY growth in gross billings, net revenues, and active students indicates strong operational performance and market demand, likely leading to a positive short-term impact on COE's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100