Strategic Education Q2 revenue up 5.2% to $287.7M; operating income falls to $16.8M

Strategic Education, Inc.

2023-Q2 EPS reported $0.51 revenue$544,286,000

Revenue increased 5.2% to $287.7M from $273.6M; constant currency revenue up 6.8% to $292.3M.
Income from operations fell to $16.8M (5.8% margin) from $21.9M (8.0% margin) year-over-year.
Adjusted income from operations was $27.2M (9.5% margin) vs $29.5M (10.8% margin) in Q2 2022.
CEO cited improving U.S. Higher Ed enrollment, strong Education Technology Services growth, and Australia/New Zealand normalization.
No specific guidance update provided; management remains focused on 2023 growth trajectory.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Strategic Education, Inc. reported the period ended June 30, 2023 results: revenue $287.7 million.

Period: the period ended June 30, 2023
Revenue: $287.7 million
Result: reported results

Exact text from the filing

Three Months Ended June 30 Revenue increased 5.2% to $287.7 million compared to $273.6 million for the same period in 2022.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Strategic Education, Inc. filing history →

Source: SEC EDGAR

accession 0001157523-23-001165

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.