51Talk Online Education Group Announces Second Quarter 2024 Results
51Talk Online Education Group American depositary shares, each representing 60 Class A ordinary shares (COE)
Last 51talk online education group american depositary shares, each representing 60 class a ordinary shares earnings: 5/22 05:00 am
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US:NYSE Investor Relations:
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Source: PR Newswire
SINGAPORE, Aug. 23, 2024 /PRNewswire/ -- 51Talk Online Education Group ("51Talk" or the "Company") (NYSE American: COE), a global online education platform with core expertise in English education, announced its unaudited results for the second quarter ended June 30, 2024.Second Quarter 2024 Financial and Operating HighlightsGross billings1 for the second quarter of 2024 were US$15.9 million, a 61.3% growth from the second quarter of 2023.Net revenues were US$11.0 million for the second quarter of 2024, a 75.1% increase from US$6.3 million for the second quarter of 2023.The number of quarterly active students with attended lesson consumption was approximately 54,400 in the second quarter of 2024, representing a 83.2% increase from approximately 29,700 for the second quarter of 2023.Key Financial and Operating Data For the three months endedJune 30,June 30,Y-o-Y20232024ChangeNet Revenues (in US$ millions)6.311.075.1 %Gross Margin78.4 %78.1 %-0.3ppt
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News
- 51Talk Online Education Group (NYSE: COE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- 51Talk Online Education Group (NYSE: COE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- 51Talk Online Education Group (NYSE: COE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
COE
Sec Filings
- 10/10/24 - Form SC
- 8/23/24 - Form 6-K
- COE's page on the SEC website