51Talk Online Education reports Q1 EPS (60c) vs. (42c) last year

Reports Q1 revenue $9.4M vs. $5.6M last year. Gross billings for the first quarter were $12.6M. The number of active students with attended lesson consumption was approximately 46,200 in the first quarter of 2024, a 83.3% increase from 25,200 for the same quarter last year. “Business momentum continued in the first quarter of 2024, driven by our diversified portfolio of markets driving us to exceed the high end of guidance. We have observed significant returns on our earlier investments. Particularly, our branding activities were supportive to increase our student base. We remain confident in our capability in delivering quality growth.” stated Mr. Jack Huang, Founder, Chairman, and Chief Executive Officer of 51Talk.