• Platform SaaS ARR grew 23% YoY to $2.335 million
• Average revenue per B2B SaaS customer increased 17% YoY to $9,767
• CourseMagic.ai, a new AI tool, attracted 126 active B2C customers

OpenLearning Limited, the AI-powered SaaS platform for lifelong learning, reported strong financial and operational results for the quarter ended 31 December 2024 (Q4 FY24). The company's platform SaaS annual recurring revenue (ARR) grew 23% year-over-year to $2.335 million, driven by an increase in average SaaS ARR per B2B customer, which rose 17% to $9,767, as well as new customer subscriptions across all of OpenLearning's products. The platform now has 236 active B2B customers and 126 active B2C customers, the latter of which are from the company's new CourseMagic.ai product that launched in June 2024. CourseMagic.ai, a suite of AI-powered instructional design tools for educators, has already attracted paying customers from several countries. OpenLearning also expanded its presence in the learning management system (LMS) market through a partnership with Meshed Group, a leading Australian student management system provider, which has already resulted in a higher education provider subscribing to OpenLearning's LMS. The company continues to invest in enhancing its platform with new AI-powered features and is expanding into international markets such as India, the Philippines, and Bangladesh.

OpenLearning expects to continue growing its platform SaaS annual recurring revenue (ARR) in the coming financial year, driven by increased adoption of its AI-powered LMS and new product offerings such as CourseMagic.ai.

As OpenLearning enters 2025, the company remains focused on executing its growth strategy, which includes expanding its LMS capabilities, deepening its presence in key markets, and further integrating AI to enhance online learning. The company is well-positioned to capitalize on the evolving education technology landscape.