51Talk (COE.US) announced third quarter results.
The Zhitong Finance app learned that 51Talk (COE.US) announced results for the third quarter ending September 30, 2023. According to the data, the company's total revenue for the third quarter was US$10.9 million, close to the expected upper limit, up 11.3% month-on-month. Net income reached $7.8 million, up 23.8% month on month and 70.4% year on year. The number of active students who actually consume courses is approximately 36,000, an increase of 84.6% from 19,500 in the third quarter of 2022.
Compared to the previous quarter, the cash balance increased by $1.2 million.
Up to now, the overseas students of 51Talk's international business have covered 50 countries and regions around the world.