51Talk Announces First Quarter 2026 Results

51Talk Online Education Group reported its first quarter 2026 results, with gross billings reaching US$33.3 million, a 51.9% increase year-over-year. Net revenues were US$31.2 million, up 70.9% from the previous year. The number of active students also saw a significant rise of 63.9%, reaching approximately 132,900. Despite the growth, the company reported an operating loss of US$1.4 million and a net loss attributable to ordinary shareholders of US$2.3 million for the quarter. The company anticipates net gross billings for the second quarter of 2026 to be between US$36.0 million and US$38.0 million. Management highlighted a narrowing sequential operating loss and expressed optimism about future growth, driven by product enhancements and an AI-plus-human learning experience. The company is focused on refining its offerings to be more localized and tailored to student needs.