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Vasta Platform Ltd (VSTA) provides integrated educational solutions for Brazil's private K-12 schools through its unique combination of digital platforms and academic content. This news hub offers investors and industry stakeholders centralized access to official updates and market developments.
Track critical announcements including quarterly earnings, strategic partnerships, and product innovations within VSTA's EdTech ecosystem. Our curated news collection enables efficient monitoring of operational milestones across both Content/EdTech and Digital Platform segments.
Discover updates on VSTA's initiatives in educational content delivery, digital infrastructure enhancements, and market expansion strategies. Regular updates provide insights into how the company addresses evolving demands in Brazil's competitive private education sector.
Bookmark this page for streamlined access to verified information about Vasta Platform's performance and industry positioning. Check back regularly to stay informed about developments impacting this key player in Latin American EdTech solutions.
Vasta Platform (NASDAQ: VSTA) announced its financial results for the second quarter of 2024.
Subscription revenue rose by 32.5% YoY to R$280 million in 2Q24, while accumulated subscription revenue for the 2024 sales cycle hit R$1,152 million, a 13.8% increase.
Net revenue grew 11% YoY to R$1,309 million in the 2024 sales cycle, with 2Q24 net revenue at R$294 million, up 8% from 2Q23.
Adjusted EBITDA declined by 36% YoY to R$26 million in 2Q24 but increased by 15% to R$428 million for the 2024 sales cycle.
Adjusted Net Profit for the 2024 sales cycle rose by 65.8% to R$110 million, though 2Q24 saw a 14.4% increase in Adjusted Net Loss, reaching R$37 million.
Free cash flow (FCF) dropped 59.2% YoY to R$38 million in 2Q24 but increased 4% to R$90 million for the sales cycle.
New R$500 million debentures were issued to improve financial stability, with reduced interest rates and extended maturities.
Vasta Platform (NASDAQ: VSTA) has announced that it will release its second quarter 2024 financial results on August 07, 2024, after market close. The company will host a conference call and webcast on the same day at 5:00 p.m. Eastern time to discuss the results. Investors can join the call using the provided dial-in numbers for the US and Brazil. A live and archived webcast will be available on the company's Investor Relations website.
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