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Mar 31, 2024
Strategic Education Q1 2024 Earnings Report
Announced financial results for the period ended March 31, 2024, with strength across the business and commitment to student success.
Key Takeaways
Strategic Education reported strong growth in the U.S. Higher Education segment, driven by employer-affiliated enrollment, continued strength in the Education Technology Services segment, and a return to total enrollment growth in the Australia/New Zealand segment.
U.S. Higher Education segment delivered strong growth due to employer affiliated enrollment.
Education Technology Services segment saw continued strength, including from Sophia subscriptions.
Australia/New Zealand segment returned to total enrollment growth.
Cash provided by operations was $77.6 million, compared to $35.2 million for the same period in 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
This communication contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
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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