Laureate Education, Inc. reports recurring developments from its higher education business in Mexico and Peru, where it operates five institutions. Company news centers on quarterly and annual results, new and total enrollment trends, revenue on reported and constant-currency bases, operating income, Adjusted EBITDA, and guidance updates.
Updates also cover factors that affect period-to-period performance, including academic calendar timing, foreign currency movements, campus expansion and new campus investments. Laureate news may also include capital allocation actions such as share repurchase authorizations and commentary on fully online offerings in Peru and operating performance in Mexico.
Laureate Education, Inc. (NASDAQ: LAUR) reported financial results for Q1 2024, with revenue increasing 10% to $275.4 million. New enrollments went up by 1%, while total enrollments increased by 5%. Operating income was $11.1 million, net loss was $(10.8) million, and Adjusted EBITDA was $30.6 million. The company increased its full-year 2024 guidance, expecting growth in total enrollments, revenues, and Adjusted EBITDA.
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