China Online Education Group ( (COE) ) has shared an update.
In its third quarter of 2024, 51Talk reported substantial growth, with gross billings reaching $19.8 million and net revenues climbing to $14.0 million, marking significant year-over-year increases of 80.7% and 79.4%, respectively. The company also saw a rise in active students by 82.5%. This growth is attributed to the successful adoption of AI technologies, enhancing lead conversion and classroom experiences, and the company’s strategic focus on localization and supplementary services, positioning it as a strong contender in the global EdTech market.
More about China Online Education Group
51Talk Online Education Group is a global online education platform with a core focus on English education. It operates primarily in the EdTech industry, providing courses and services designed to enhance English language proficiency for its users worldwide.
YTD Price Performance: 117.93%
Average Trading Volume: 7,759
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $100.1M
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