• Platform SaaS annual recurring revenue (ARR) growth accelerated 12% year-on-year to $2.364 million
• B2B SaaS customer numbers increased to 246 with new customers in 7 countries
• Growing pipeline of larger LMS deals both within Australia and overseas

OpenLearning reported continued growth in its platform SaaS annual recurring revenue (ARR), which increased by 12% year-on-year to $2.364 million in Q1 FY25. This was driven by an increase in average SaaS ARR per B2B customer as well as new customers subscribing across the company's products. OpenLearning now has 246 active B2B customers and 154 active B2C customers, with the latter coming from the recently launched CourseMagic.ai product. Despite challenges in the Australian higher education sector, OpenLearning has expanded ARR from existing customers and attracted new customers switching from other platforms. The company is also seeing growing pipeline of larger LMS deals both within Australia and overseas, positioning the platform to serve as the primary LMS for all programs offered by an institution, both online and on campus. OpenLearning has invested heavily to align its LMS with the functionality expected by institutions, and the first phase of its new examination system was released in January with positive feedback. The company's partnership with Meshed Group has already resulted in five higher education providers subscribing to OpenLearning, and there is a pipeline of Australian institutions considering the LMS. OpenLearning is also actively expanding into new geographies like India, Indonesia, Malaysia and the Philippines, leveraging its digital marketing, resellers and sales teams. Additionally, the company is combining the reach of its Uni Guide platform with the expertise of its largest shareholder, Education Centre of Australia, to recruit international students into selected courses. The acquisition of Employability Advantage further enhances OpenLearning's offering by delivering scalable, career-focused learning experiences.

OpenLearning expects the acquisition of Employability Advantage to add revenue over the next 12 months.

OpenLearning is focused on expanding the use of its platform beyond short courses and micro-credentials to support on-campus and blended learning, positioning it as the primary LMS for institutions. The company is also seeing growing traction for its CourseMagic AI tools and the expansion of The Uni Guide platform, which are opening new revenue streams.