51Talk Experiences 86.1% YoY Net Revenue Growth, Sets New Q2 Highs in Gross Billings and Quarterly Active Students

51Talk Online Education Group reported a 79.7% growth in gross billings to $28.5 million for Q2 2025, compared to $15.9 million in Q2 2024. Net revenues increased by 86.1% to $20.4 million, while the number of active students with attended lesson consumption rose by 67.8% to approximately 91,300. The company's gross margin decreased by 3.5 percentage points to 74.6%.