Laureate Q1 2021 Earnings Report
Key Takeaways
Laureate Education reported a revenue increase of 1% to $194.7 million and an adjusted EBITDA of $9.7 million for the first quarter of 2021. New enrollments increased by 59%, and total enrollments were up by 2%. The company also announced a $200 million increase in its share buyback authorization, bringing the total to $500 million.
New enrollments for the first quarter of 2021 increased 59% compared to the first quarter of 2020.
Total enrollments were up 2% compared to the prior year period.
Revenue on a reported basis was $194.7 million, an increase of 1% compared to the first quarter of 2020.
Adjusted EBITDA for the first quarter of 2021 was $9.7 million, compared to $(29.4) million for the first quarter of 2020.
Laureate
Laureate
Forward Guidance
Laureate is re-affirming its previously issued full-year 2021 guidance and outlook for 2022.