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Mar 31, 2024
Laureate Q1 2024 Earnings Report
Company increased full-year 2024 guidance.
Key Takeaways
Laureate Education reported a 10% increase in revenue to $275.4 million. Operating income was $11.1 million, and the net loss was $(10.8) million. Adjusted EBITDA was $30.6 million.
New enrollments increased 1%.
Total enrollments increased 5%.
Revenue increased 10% to $275.4 million.
Operating income was $11.1 million.
Revenue by Geographic Location
Forward Guidance
Laureate is updating its full-year 2024 guidance to reflect an improved outlook, related to more favorable currency rates.
Positive Outlook
- Total enrollments are still expected to be in the range of 467,000 to 473,000 students, reflecting growth of 4%-5% versus 2023
- Revenues are now expected to be in the range of $1,566 million to $1,581 million, reflecting growth of 6%-7% on an as-reported basis and 5%-6% on an organic constant currency basis versus 2023
- Adjusted EBITDA is now expected to be in the range of $446 million to $456 million, reflecting growth of 6%-9% on an as-reported basis and 6%-9% on an organic constant currency basis versus 2023
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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