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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.
Laureate
Laureate
Forward Guidance
Laureate is updating its full-year 2021 guidance to reflect an improved outlook.