METX - Meten EdtechX Education pops on January billings and student enrollments

Meten EdtechX Education (METX) surged 34.7% during premarket after reporting that the January gross billing and student enrollment of its junior ELT business increased by 238% and 192% Y/Y, respectively.The junior ELT business has a competitive advantage in geographical coverage with 100+ existing learning centers.Looking forward, the company will continue to strengthen its R&D capabilities and optimize its business structure; expects to gain market share from those small and medium-sized institutions that did not survive the pandemic.

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Meten EdtechX Education pops on January billings and student enrollments