SINGAPORE, May 12, 2025 (GLOBE NEWSWIRE) -- 51Talk Online Education Group (NYSE American: COE) based in Singapore, and focused on global online education, today announced that its Investor Relations Vice President David Chung will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on May 15, 2025. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors. DATE: May 15th TIME: 11:00 a.m. ESTLINK: REGIST ...

Financial Data and Key Metrics Changes - In Q1 2025, total revenue was $121 million, a decrease of 30% year over year, with subscription services revenue at $108 million, reflecting a 31% decline in subscribers to 3.2 million [19][21] - Adjusted EBITDA for Q1 was $19 million, representing a margin of 16%, while gross margin was 56%, impacted by a one-time charge of $16.2 million due to accelerated depreciation [21][20] - Free cash flow generated in Q1 was approximately $16 million, despite incurring about $8 million in cash outlays related to employee severance from restructurings [21][22] Business Line Data and Key Metrics Changes - The Skills and other revenue segment generated $14 million in Q1, which includes new revenue from content licensing, with two licensing deals executed generating $4 million in Q1 and an expected additional $7 million in Q2 [19][20] - Busuu, the language learning service, saw a 7% year-over-year revenue increase, with the B2B business achieving a 29% year-over-year revenue increase [9] Market Data and Key Metrics Changes - The company is experiencing ongoing industry headwinds, leading to a notable decline in traffic and subscriber acquisitions, which continues to pressure financial performance [24] - The restructuring plan announced is expected to yield non-GAAP expense savings of $45 million to $55 million in 2025 and $100 million to $110 million in 2026 [22][23] Company Strategy and Development Direction - The company is exploring strategic alternatives to maximize shareholder value, including potential acquisition or remaining a standalone public company, with positive early indications from interested parties [7][15] - The focus remains on diversifying revenue through licensing question and answer pairs and expanding institutional contracts, with a goal of reaching 40 institutional pilots by year-end [6][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that macroeconomic trends will continue to exert pressure on the business, with expectations that conditions may worsen before improving [11][12] - The company is taking proactive measures to align costs with business outlook, including further cost reduction plans and restructuring efforts [12][14] Other Important Information - The company repurchased $65 million of its 2026 convertible notes at a discount, enhancing its capital structure [18][22] - The restructuring will impact approximately 22% of the workforce, primarily affecting Chegg Study and Corporate Services, resulting in a 66% reduction in these areas [13][22] Q&A Session Summary Question: Can you provide more details on the licensing deals signed during the quarter? - Management highlighted that they are licensing question and answer pairs from their extensive archive, with current agreements being a small pilot with major tech companies, indicating potential for a larger business model in the future [27][30] Question: What feedback have you received from university partners regarding the pilots? - Management reported positive feedback from universities, with a growing number of pilots and a seat-based license model that aligns with the financial necessity of improving student success rates [31][33]

Core Viewpoint - Genius Group Limited has announced that the CEO's X account was compromised, leading to the dissemination of false information regarding a token launch, which the company disclaims as unauthorized [1][2]. Company Response - The company and CEO Roger Hamilton have urged the public to disregard any posts or messages from the compromised account until official confirmation of recovery is provided [2]. - Genius Group has contacted X to recover the account and reported the hacking to law enforcement and regulatory agencies, including the Singapore Police, FBI, SEC, and NYSE [3]. Legal Actions - The company has stated its intention to pursue legal action against the hackers and is investigating any potential connections between this incident and its ongoing legal matters [3]. Company Overview - Genius Group is a Bitcoin-first education group that provides AI-powered education and acceleration solutions, serving 5.8 million users across over 100 countries [4]. - The company operates through its Genius City model and offers a digital marketplace for AI training, tools, and talent, focusing on personalized entrepreneurial pathways [4].

Core Insights - Wall Street analysts anticipate Chegg (CHGG) will report a quarterly loss of $0.01 per share, reflecting a significant year-over-year decline of 103.9% [1] - Expected revenues for Chegg are projected at $114.49 million, which represents a decrease of 34.3% compared to the same quarter last year [1] - The consensus EPS estimate has been revised down by 12.5% over the past 30 days, indicating a collective reevaluation by analysts [1][2] Revenue Estimates - Analysts estimate 'Revenue- Skills and Other' to be $10.10 million, showing a year-over-year decline of 50.2% [4] - The 'Revenue- Subscription Services' is expected to reach $104.07 million, indicating a decrease of 32.4% from the previous year [4] Subscriber Metrics - The estimated number of 'Chegg Services subscribers' is projected to be 3.22 million, down from 4.7 million a year ago [5] - Chegg shares have increased by 41.7% over the past month, outperforming the Zacks S&P 500 composite, which rose by 11.3% [5]

Core Viewpoint - Sunlands Technology Group will report its first quarter 2025 unaudited financial results on May 22, 2025, before U.S. market opens [1]. Group 1: Earnings Call Details - The management team will host a conference call at 6:00 a.m. U.S. Eastern Time on May 22, 2025, which corresponds to 6:00 p.m. Beijing/Hong Kong time [2]. - Participants must complete online registration 30 minutes prior to the call to receive details for joining, including dial-in numbers and a personal PIN [3]. Group 2: Company Overview - Sunlands Technology Group, formerly known as Sunlands Online Education Group, is a leader in China's adult online education and personal interest learning markets [4]. - The company offers a live streaming platform for online professional courses and educational content, focusing on professional certification exams and personal interests [4]. - Sunlands utilizes a proprietary knowledge management system called Learning Outcome Trees to organize educational content, catering to the learning habits of its students [4].

Group 1 - Udemy experienced a significant stock price decline of nearly 12% in April, attributed to investor sentiment and external economic factors [1] - The company underwent a sudden CEO transition from Greg Brown to Hugo Sarrazin, which contributed to shareholder unease [2][6] - An analyst downgrade from Truist Securities reduced the price target for Udemy from $10 to $7, reflecting concerns about the company's positioning in a potential recession [4][6] Group 2 - The economic climate is causing fears of a recession, which typically leads consumers to cut back on non-discretionary spending, impacting Udemy's business model [5] - Despite reporting a more than tripled non-GAAP net income of nearly $17.9 million year over year, Udemy's revenue growth was only 2%, reaching slightly over $200 million [8] - Current guidance for the second quarter and full year was in line with analyst expectations, but the overall sentiment remains cautious regarding Udemy's potential for significant growth [8][9]

K12 (LRN) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this online education company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between tre ...

New York, NY, May 01, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, today announced that Classover Holdings Inc. (Nasdaq: KIDZ, KIDZW) has appointed its wholly owned subsidiary, Chaince Securities, LLC ("Chaince Securities"), as strategic digital asset advisor to guide Classover's new Solana-based (SOL) treasury initiative. Classover, a leader in live, interactive online learning, plans to allocate a signi ...

Core Insights - Udemy, Inc. reported revenue of $200.3 million for Q1 2025, reflecting a year-over-year increase of 1.8% and an EPS of $0.12, up from $0.03 a year ago, exceeding the Zacks Consensus Estimate of $197.04 million by 1.66% [1] - The company achieved an EPS surprise of 20.00%, with the consensus EPS estimate being $0.10 [1] Financial Performance Metrics - The Enterprise Segment's Annual Recurring Revenue reached $519 million, surpassing the estimated $512.99 million [4] - The Consumer Segment had an average of 1.41 million monthly buyers, slightly above the estimated 1.4 million [4] - Total customers in the Enterprise Segment were 17,216, exceeding the average estimate of 17,111 [4] - Revenue from the Enterprise Segment was $127.70 million, compared to the average estimate of $125.84 million, marking a year-over-year increase of 8.6% [4] - Revenue from the Consumer Segment was $72.60 million, which is below the average estimate of $70.79 million, representing a year-over-year decline of 8.3% [4] Stock Performance - Udemy's shares have returned -12.2% over the past month, contrasting with the Zacks S&P 500 composite's -0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

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