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Jun 30, 2022
Laureate Q2 2022 Earnings Report
Reported an increase in revenue and operating income compared to the same quarter of the previous year, driven by strong enrollment intakes.
Key Takeaways
Laureate Education reported an 18% increase in revenue to $385.4 million and operating income of $126.6 million for the second quarter of 2022. Net income was $43.6 million, compared to a net loss of $(29.2) million in the second quarter of 2021. Adjusted EBITDA was $144.1 million, compared to $107.1 million for the same period last year. The company increased its full-year 2022 guidance due to the momentum in its business.
Revenue increased 18% to $385.4 million.
Operating income was $126.6 million, compared to $57.7 million for the second quarter of 2021.
Net income was $43.6 million, compared to net loss of $(29.2) million for the second quarter of 2021.
Adjusted EBITDA was $144.1 million, compared to $107.1 million for the second quarter of 2021.
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 413,000 to 419,000 students, reflecting growth of 7%-8% on an organic basis versus 2021
- Revenues are now expected to be in the range of $1,206 million to $1,218 million, reflecting growth of 11%-12% on an as-reported basis and 11%-12% on an organic constant currency basis versus 2021
- Adjusted EBITDA is now expected to be in the range of $329 million to $337 million, reflecting growth of 30%-33% on an as-reported basis and 23%-26% on an organic constant currency basis versus 2021