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Jun 30, 2024
Laureate Q2 2024 Earnings Report
Reported solid operating results driven by favorable market dynamics in Mexico and Peru.
Key Takeaways
Laureate Education reported an 8% increase in revenue to $499.2 million and adjusted EBITDA of $186.9 million for the second quarter of 2024. Net income increased to $128.4 million, primarily driven by changes in foreign currency exchange rates. The company is maintaining its full-year constant currency outlook.
Revenue increased 8% to $499.2 million.
Operating income was $166.6 million, compared to $154.5 million for the second quarter of 2023.
Net income increased to $128.4 million, compared to $56.3 million for the second quarter of 2023.
Adjusted EBITDA was $186.9 million, compared to $175.4 million for the second quarter of 2023.
Laureate
Laureate
Laureate Revenue by Segment
Laureate Revenue by Geographic Location
Revenue by Segment
Mexico Revenue
CapyFin.comPeru Revenue
CapyFin.comRevenue by Geographic Location
Mexico Revenue
CapyFin.comPeru Revenue
CapyFin.com Forward Guidance
Laureate is maintaining its full-year constant currency outlook but adjusting its as-reported guidance to reflect more recent foreign currency rates, impacted by recent volatility in the Mexican peso.
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 $1,551 million to $1,566 million, reflecting growth of 5%-6% 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 $441 million to $451 million, reflecting growth of 5%-8% 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