Welcome to our dedicated page for Vasta Platform news (Ticker: VSTA), a resource for investors and traders seeking the latest updates and insights on Vasta Platform stock.
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 Limited (NASDAQ: VSTA) reported a 36% year-on-year increase in net revenue for 1Q22, totaling R$381 million, surpassing the R$370 million forecast. Subscription revenue surged 37%, driven by higher quality sources and a shift towards digital products. Adjusted EBITDA more than doubled, reaching R$141 million, with a margin increase of 450 bps. Adjusted net profit rose to R$51 million from R$21 million in the previous year, despite increased financial leverage. The company maintained its leadership in Brazilian university admissions, underscoring a successful business recovery post-pandemic.
Vasta Platform Limited (NASDAQ: VSTA) is set to report its first quarter 2022 financial results on May 12, 2022, after market close. A conference call will be held at 5:00 p.m. Eastern time the same day, accessible via dial-in or webcast. Vasta is a leading education technology company in Brazil, focusing on K-12 solutions that enhance the digital transformation of private schools. The company aims to improve profitability and education quality by integrating technology in schools and providing actionable data insights.
Vasta Platform Limited (NASDAQ: VSTA) reported its 4Q21 financial results, showcasing a 35% increase in Annual Contract Value (ACV) for the 2022 school year, totaling R$1,000 million. Subscription product revenue climbed by 22% year-on-year, with net revenue from subscription products reaching R$346.8 million. Adjusted EBITDA rose by 10%, although margins declined due to integration costs from the Eleva acquisition. The adjusted net profit fell 17% to R$98 million, influenced by increased financial leverage and higher interest rates. Vasta's entry into B2B2C services and strong growth in premium brands were also highlighted.
Vasta Platform Limited (NASDAQ: VSTA) will announce its fourth quarter 2021 financial results on March 24, 2022, after market close. A conference call will follow at 5:00 p.m. ET, enabling investors to discuss the results. Vasta is a high-growth education company in Brazil, focused on digital solutions for K-12 private schools, aiming to enhance educational outcomes and profitability. The company is dedicated to supporting schools' digital transformation, emphasizing technology's role in improving efficiency and quality in education.
Vasta Platform Limited (Nasdaq: VSTA) announced a strong performance for the 2022 commercial cycle, achieving Annual Contract Value (ACV) Bookings of R$1,000 million, marking a 35% increase from 2021. Excluding Eleva, this represents a 22% growth. Vasta's average ACV growth from 2019 to 2022 was 20%. The company's complementary solutions saw a significant 47% rise, with traditional learning systems growing by 31%. However, PAR paper-based ACV decreased by 29%. Vasta aims to continue expanding its market presence and support K-12 schools in Brazil's digital transformation.
Vasta Platform Limited (NASDAQ: VSTA) announced its acquisition of Phidelis Tecnologia Desenvolvimento de Sistemas Ltda. and MVP Consultoria e Sistemas Ltda. on Jan. 17, 2022, through its subsidiary, Somos Sistemas de Ensino S.A. Phidelis offers comprehensive academic and financial management software solutions for K-12 schools, having serviced over 35 schools and generating R$ 5 million in net revenue in 2021. This strategic acquisition aims to enhance Vasta's digital services and solidify its position in the K-12 education market in Brazil.
Vasta Platform Limited (NASDAQ: VSTA) reported its 3Q21 results, showing a 7% growth in subscription revenue year-over-year, while total net revenue fell 12%. Affected by COVID-19, the non-subscription revenue dropped significantly due to reduced textbook sales. Adjusted EBITDA decreased by 35% to R$168 million, driven by lower net revenue and higher provisions for doubtful accounts. Notable developments include the acquisition of Eleva platform and a distribution agreement with Instituto Presbiteriano Mackenzie, enhancing Vasta's market position.
Vasta Platform Limited (NASDAQ: VSTA) will report its third quarter 2021 financial results on November 11, 2021, after market close. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time. Investors can listen by calling +1 (833) 519-1336 or +1 (914) 800-3898. Vasta is a leading education company in Brazil that leverages technology to provide comprehensive educational solutions for private K-12 schools, enhancing their profitability and digital transformation.
FAQ
What is the current stock price of Vasta Platform (VSTA)?
What is the market cap of Vasta Platform (VSTA)?
