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Sep 30, 2022
Strategic Education Q3 2022 Earnings Report
Revenue and net income increased, driven by growth in Education Technology Services segment, while U.S. Higher Education segment experienced lower enrollment and revenue.
Key Takeaways
Strategic Education reported a decrease in revenue by 2.6% to $263.1 million, but net income increased to $6.1 million. The U.S. Higher Education segment experienced a decrease in student enrollment and revenue, while the Education Technology Services segment showed strong growth. The Australia/New Zealand segment's revenue decreased by 6.2%.
Consolidated revenue decreased by 2.6% to $263.1 million.
Income from operations was $7.8 million, representing 3.0% of revenue.
Net income increased to $6.1 million.
Diluted earnings per share was $0.25.
Revenue by Segment
Revenue by Geographic Location
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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