Laureate

Aug 05, 2021

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Jun 30, 2021

Laureate Q2 2021 Earnings Report

Reported an increase in revenue and operating income, with adjusted EBITDA also increasing. However, the company experienced a net loss primarily due to a loss on debt extinguishment.

Key Takeaways

Laureate Education reported an 8% increase in revenue to $327.6 million and an increase in operating income to $57.7 million for Q2 2021. The company experienced a net loss of $(29.2) million, primarily due to a loss on debt extinguishment. Adjusted EBITDA increased to $107.1 million.

Revenue increased by 8% compared to Q2 2020, reaching $327.6 million.

Operating income increased by $28.6 million, totaling $57.7 million.

Net loss was $(29.2) million, driven by a loss on debt extinguishment.

Adjusted EBITDA increased by $13.0 million to $107.1 million.