With 11 million families and 23,000 tutors using the site, GoStudent, an online tutoring marketplace recently estimated at $3.2 billion, has established itself as one of the biggest and most well-known firms to come out of Vienna, Austria. It is currently adding profitability as another differentiator to the list. Felix Ohswald, the CEO of the business, said that the company is currently profitable throughout its whole worldwide presence.

“And not just EBITDA profitable,” said Ohswald, who co-founded the company with COO Gregor Müller in 2016. The company is now both EBITDA-positive and has positive operating cash flow across the company and its Group.

GoStudent is an Austrian company that has made a name for itself in the international digital market. The company was founded eight years ago. Its path to financial success has not been without challenges. During a period of online learning growth, the market for it and many other technology enterprises declined. Cash burn has become a serious issue for many firms.

For 2024, GoStudent has three priorities: maintaining a positive cash flow, adhering to its mission of prioritizing students, and demonstrating how AI enables GoStudent to grow its business in a way that requires less capital.

Based on responses from over 5,000 parents, the business discovered in the ‘GoStudent Future of Education Report 2024’ that families are seeking a more individualized approach to their child’s education. It’s possible that AI, VR and hybrid learning helped GoStudent raise its most recent round of investment, a $95 million debt and equity combination that it obtained last year.

For More Details: https://theeducationleaders.com