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Sep 30, 2021
Strategic Education Q3 2021 Earnings Report
Strategic Education reported third quarter results, with revenue increasing but income from operations and net income decreasing compared to the same period in 2020, as the U.S. Higher Education segment faced pandemic-related challenges while the Alternative Learning segment showed strong performance.
Key Takeaways
Strategic Education's Q3 2021 results showed revenue growth driven by the Alternative Learning segment, but overall profitability was impacted by challenges in the U.S. Higher Education segment due to pandemic-related effects.
Revenue increased by 13.0% to $270.1 million compared to Q3 2020.
Income from operations decreased to $7.3 million, or 2.7% of revenue, compared to $15.4 million, or 6.5% of revenue in Q3 2020.
Net income decreased to $3.9 million compared to $11.0 million in the same period of 2020.
The U.S. Higher Education segment faced challenges due to pandemic-related impacts, while the Alternative Learning segment showed strong performance.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The report does not contain forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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