Pearson has reported its 2024 full-year results. Regarding the PTE, the report notes that:
“PTE performed well against a tough market backdrop of tightening migration policies. While volumes declined 10% we grew the business and continued to gain market share.”
The PTE was taken just over 1.1 million times in the calendar year.
As for the future, the report indicates that:
“We expect PTE to decline due to a continuation of the challenging market backdrop, including upcoming elections in Australia and Canada, but remain confident in the medium-term outlook given demographic projections and our competitive strength. We will focus on continued expansion in the Middle East and Latin America markets, AI product enhancements and proficiency assessments.”