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Mar 31, 2022
Laureate Q1 2022 Earnings Report
Reported an increase in revenue and adjusted EBITDA, driven by strategic growth initiatives in Mexico and Peru.
Key Takeaways
Laureate Education reported an 8% increase in revenue to $209.6 million and an adjusted EBITDA increase to $27.2 million for the first quarter of 2022. The company's strategic growth initiatives in Mexico and Peru positively impacted performance, leading to increased full-year 2022 guidance.
New enrollments increased by 9%.
Total enrollments increased by 11%.
Revenue increased 8% to $209.6 million.
Adjusted EBITDA increased to $27.2 million.
Laureate
Laureate
Forward Guidance
Laureate is updating its full-year 2022 guidance to reflect an improved outlook.
Positive Outlook
- Total enrollments are now expected to be in the range of 410,000 to 416,000 students, reflecting growth of 6%-7% on an organic basis versus 2021.
- Revenues are now expected to be in the range of $1,190 million to $1,206 million, reflecting growth of 9%-11% on an organic constant currency basis versus 2021.
- Adjusted EBITDA is now expected to be in the range of $326 million to $334 million, reflecting growth of 22%-25% on an organic constant currency basis versus 2021 (up 29%-32% on an as-reported basis).
- Company expects to complete the repurchase program during 2022, dependent on market conditions.
- Laureate has a strong financial position with significant liquidity.