3P Learning Limited (3PL) - Mathletics Usage Data Indicates Compounding Decline
Elevated Mathletics churn and muted B2C growth extrapolated from third party web traffic1 and app download data2 foreshadowed FY24’s guidance miss.
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3P Learning Limited (3PL) - Confirmation of US Growth Acceleration
Third party web traffic1 and third-party app download2 data available to us appears to confirm the accelerated rollout of Reading-Eggs in the US.
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3P Learning Limited (3PL) - 1H24 Result – Margin Expansion on the Horizon
Acknowledging this result was largely transitional, we believe 3PL is in a strong position to capitalise on the opportunities that lie ahead, with...
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3P Learning Limited (3PL) - Initiating Coverage – Multiple Scenarios Lead to Upside
Following a substantial ramp up in product investment, 3PL is in a strong position to return to licence growth into the medium term.
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3P Learning - Study Hard Now and Succeed Later
U-EBITDA was $5.8m, +205% vs pcp as mgmt continues to exercise disciplined spending in executing their strategic initiatives.
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