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Mar 31, 2023
Strategic Education Q1 2023 Earnings Report
Revenue and enrollment decreased, with a net loss reported.
Key Takeaways
Strategic Education reported a decrease in revenue and a net loss for Q1 2023. While the U.S. Higher Education segment saw enrollment growth, the Australia/New Zealand segment faced challenges due to the timing of the academic term.
Consolidated revenue decreased by 0.9% to $256.6 million.
Loss from operations was $1.3 million, compared to income from operations of $13.4 million in the same period last year.
U.S. Higher Education segment enrollment increased by 2.3%.
Education Technology Services segment revenue increased by 24.9%, driven by growth in Sophia Learning subscriptions and employer affiliated enrollment.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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