Laureate Q4 2022 Earnings Report
Key Takeaways
Laureate Education reported a 17% increase in revenue to $346.3 million and an operating income of $78.0 million for the fourth quarter of 2022, compared to an operating loss of $(11.0) million in the same period of the previous year. Net income increased to $39.1 million, and Adjusted EBITDA rose to $94.8 million. The company's strategic priorities focus on sustainable growth, digital penetration, operational excellence, and academic quality.
Revenue increased by 17% to $346.3 million, with a 13% increase on an organic constant currency basis.
Operating income was $78.0 million, a significant improvement from the $(11.0) million operating loss in Q4 2021.
Net income rose to $39.1 million, compared to $37.8 million in the prior year.
Adjusted EBITDA increased to $94.8 million from $60.7 million in the fourth quarter of 2021.
Laureate
Laureate
Forward Guidance
Laureate expects full-year 2023 results to include total enrollments between 447,000 and 455,000 students, revenues between $1,372 million and $1,397 million, and Adjusted EBITDA between $387 million and $397 million.
Positive Outlook
- Total enrollments expected to grow by 6%-7% versus 2022.
- Revenues expected to grow by 10%-12% on an as-reported basis.
- Revenues expected to grow by 8%-10% on an organic constant currency basis versus 2022.
- Adjusted EBITDA expected to grow by 14%-17% on an as-reported basis.
- Adjusted EBITDA expected to grow by 12%-15% on an organic constant currency basis versus 2022.