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51 Talk (COE.US) net revenue in the second quarter was $11 million, a year-on-year increase of 75.1%.
On August 23, Guolonghui announced the unaudited financial results for the second quarter of 2024. The net revenue for the second quarter of 2024 was $11 million, a year-on-year increase of 75.1%. The gross profit for the second quarter of 2024 was $8.6 million, a year-on-year increase of 74.5%. The gross margin for the second quarter of 2024 was 78.1%, slightly lower than the 78.4% in the same period last year. The net loss attributable to common shareholders in the second quarter of 2024 was $1.2 million, compared to a net loss of $2.9 million in the same period last year.
51Talk Online Education Group (COE) Q2 2024 Earnings Call Transcript Summary
51Talk released its Q2 2024 financial report: International business net revenue increased by 75.1% year-on-year.
Singapore, August 23, 2024 /PRNewswire/ -- Recently, 51talk Online Education Group ("51talk" or the "Company") (NYSE:COE) released its unaudited financial report for the second quarter ended June 30, 2024. During the reporting period, net cash revenue for the second quarter of 2024 was $15.86 million, an increase of 26.3% compared to the previous quarter and 61.3% year-on-year. Net income reached $11 million, a sequential increase of 16.0% and a year-on-year increase of 75.1%. The actual number of active students who consumed courses.
Express News | 51Talk Online Education Group Shares Down 1.6% Premarket After Q2 Results
Express News | CORRECTION: 51 Talk Online Education Q2 Adj EPADS $(0.18) Up From $(0.48) YoY, Sales $10.96M Up From $6.26M YoY
51Talk Online Education Group Reports Q2 Results
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