Q1 2026 51talk Online Education Group Earnings Call Transcript
Key Points
- 51 Talk Online Education Group (COE) reported a 52% year-over-year growth in gross billings, exceeding the high end of their guidance.
- Net revenues for the first quarter increased by 70.9% from the same quarter last year, reaching USD31.2 million.
- The company achieved a gross margin of 73.7% for the first quarter.
- 51 Talk Online Education Group (COE) is accelerating the development of its platform with AI and human learning experiences, aiming for a more personalized and engaging user experience.
- The company is optimistic about the growth potential in its key markets, driven by robust demand for English learning.
- Operating expenses increased by 57.2% compared to the same quarter last year, reaching USD24.4 million.
- Sales and marketing expenses rose by 59% due to higher personnel costs and increased promotional activities.
- Product development expenses saw an 84.9% increase from the same quarter last year.
- The first quarter operating loss was USD1.4 million, slightly narrowing from USD1.5 million in the same quarter last year.
- Net loss attributable to the company's ordinary shareholders increased to USD2.3 million from USD1.7 million in the same quarter last year.
Hello ladies and gentlemen thank you for standing by for 51Talk online education groups first quarter 2026 earnings conference call. (Operator Instructions) today's conference call is being recorded. I will now turn the call over to your host Mr. David Chung investor relations for the company please go-ahead David.
Thank you. Hello everyone and welcome to the first quarter 2026 earnings conference call of 51Talk. The company's results were issued via Newswire services earlier today and are posted online. You can download the earnings press release and sign up for the company's distribution list by visiting ir.51talk.com.
Mr. Jack Huang, our CEO. And Ms. Cindy Tang, our CFO, will begin with some prepared remarks. Following the prepared remarks, there will be a Q&A session. Before we continue, please note that the discussion will contain forward-looking statements made under the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995.
Forward-looking
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