earnings
confidence high
sentiment negative
materiality 0.65
Phoenix Education Q3 net income falls 27% to $39.2M; adjusted EBITDA down 6%
Phoenix Education Partners, Inc.
- Net revenue $271.8M, flat YoY; Average Total Degreed Enrollment 85,300 vs 84,800.
- Net income $39.2M ($1.01 diluted EPS) vs $53.8M ($1.42) a year ago.
- Adjusted EBITDA $78.1M vs $83.4M; adjusted diluted EPS $1.43 vs $1.57.
- Decline driven by IPO-related share-based compensation, higher ad spend, and restructuring costs.