Thinkific Creators see enrolments nearly double
compared to last year
VANCOUVER, BC, Dec. 3, 2021 /CNW/ - Thinkific Labs
Inc. ("Thinkific" or the "Company") (TSX: THNC), a leading
cloud-based software platform that enables entrepreneurs and
established businesses of all sizes to create, market, and sell
online learning products, sees strong gains by its Creators over
Black Friday and Cyber Monday. Creators used the retail holiday to
drive unprecedented enrolments, leverage the streamlined Thinkific
Payments checkout, and grow their revenues.
"We're excited to celebrate the successes of our Creators over
Black Friday and Cyber Monday. What began as a retail holiday for
big box stores has become a key period for knowledge entrepreneurs,
and we're proud Thinkific empowers our Creators to seize this
opportunity," said Thinkific Co-Founder and CEO, Greg Smith.
"The demand for courses and learning products is continuing to
accelerate, and for anyone considering building a knowledge
business, now is the time to take advantage of this trend. At
Thinkific we're excited to help entrepreneurs
succeed."
Highlights from Black Friday through Cyber Monday
weekend:
- Thinkific Creators saw the number of people who enrolled in
their courses and learning products nearly double compared to the
same period last year;
- Thinkific Payments, built to help our Creators sell more and
spend less time on administration, saw a growing adoption rate
among new Creators;
- Creators who use Thinkific Payments also gained an increase in
their average transaction size;
- The success of our Creators in monetizing their online learning
products drove strong growth in their revenues, with the United States and Canada seeing the largest year-over-year sales
increases globally.
About Thinkific
Thinkific (TSX:THNC) makes it simple
for entrepreneurs and established businesses of any size to scale
and generate revenue by teaching what they know. Our platform
gives businesses everything they need to build, market, and sell
online courses and other learning products, and to run their
business seamlessly under their own brand, on their own site. In
2020 alone, Thinkific's 50,000 active Creators earned hundreds of
millions of dollars in direct course sales while teaching tens of
millions of students. Thinkific is headquartered in Vancouver, Canada, with a distributed and
growing team. For more information, please visit
www.thinkific.com.
This news release includes forward-looking statements and
forward–looking information within the meaning of applicable
securities laws ("forward-looking statements"). Often, but not
always, forward–looking information can be identified by the use of
words such as "plans", "is expected", "expects", "scheduled",
"intends", "contemplates", "anticipates", "believes", "proposes" or
variations (including negative and grammatical variations) of such
words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements in this news release include
statements regarding the Company's plans and objectives; industry
trends; growth in our industry; our growth; tools and features;
Thinkific Payments and its features for the Company's customers.
Such statements and information are based on the current
expectations of Thinkific's management, and are based on
assumptions and subject to risks and uncertainties. Although
Thinkific's management believes that the assumptions underlying
these statements and information are reasonable, they may prove to
be incorrect. Except as required by applicable securities laws,
forward–looking statements and information speak only as of the
date on which they are made and Thinkific undertakes no obligation
to publicly update or revise any forward–looking statement or
information, whether as a result of new information, future events
or otherwise.
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SOURCE Thinkific Labs Inc.