Friday, 51 Talk Online Education (NYSE: COE) reported its first-quarter results before market open.
For the reported quarter, the enterprise delivered an adjusted loss of $0.30 per share, versus a loss of $0.20 per share reported a year ago.
Quarterly revenue improved to $31.19 million from $18.25 million reported in the prior-year quarter.
In the first quarter of 2026, gross margin was 73.7 percent compared with 76.8 percent for the same quarter last year.
Jack Jiajia Huang, Founder, Chairman, and Chief Executive Officer of 51Talk: “We delivered a solid set of results this quarter, highlighted by 52 percent year-over-year gross billings growth, exceeding the high-end of our guidance, and a narrowing sequential operating loss despite the seasonal softness typical of the first quarter.”
For the second quarter of 2026, the company currently expects net gross billings to be between $36.0 million and $38.0 million, which would represent a sequential increase of 8.1 percent to 14.1 percent and an increase of approximately 26.5 percent to 33.5 percent from the year-ago period.
