Laureate Education Reports Q3 2021 Results, Revenue Up 10%, Completes All Divestitures, Increases Full-Year Guidance

LAUREATE EDUCATION, INC.

2021-Q3 EPS reported $0.86 revenue$789,971,000

Q3 2021 revenue increased 10% to $267.7M, driven by higher enrollment in Peru; organic constant currency revenue up 13%.
Net income for Q3 2021 was $360.1M, primarily driven by gain on sale of Walden University; Adjusted EBITDA rose to $75.9M from $50.4M.
Completed all pending divestitures including Walden University; made $1.3B special dividend ($7.01/share) on October 29, 2021.
Raised full-year 2021 guidance: revenues expected $1.075-$1.085B (8%-9% organic growth) and Adjusted EBITDA $247-$253M (34%-37% growth).
New enrollments increased 15% and total enrollments up 16% for the nine months ended September 30, 2021.

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