Laureate Q1 revenue up 10% to $275.4M; net loss narrows; raises FY2024 guidance

LAUREATE EDUCATION, INC.

2024-Q1 EPS reported -$0.07 revenue$275,372,000

Revenue $275.4M (+10% reported, +1% organic constant currency); total enrollments +5% vs prior year.
Operating income $11.1M (down from $15.6M); Adjusted EBITDA $30.6M (down from $33.5M) due to academic calendar timing.
Net loss $(10.8)M vs $(26.8)M; diluted EPS $(0.07); cash $126.2M, net debt $102.0M.
FY2024 guidance raised: revenue $1,566-$1,581M (6-7% growth); Adjusted EBITDA $446-$456M (6-9% growth).
New enrollments +1% (Peru -3%, Mexico +7%); total enrollments +5% (Peru +1%, Mexico +9%).

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LAUREATE EDUCATION, INC. reported first quarter of 2024 results: revenue $275.4 million, net income $(10.8) million, EPS $(0.07). Guidance raised.

Period: first quarter of 2024
Revenue: $275.4 million
Net income: $(10.8) million
EPS: $(0.07)
Guidance: raised
Result: reported results

Exact text from the filing

First Quarter 2024 Highlights (compared to first quarter 2023): • New enrollments increased 1%. • Total enrollments increased 5%. • On a reported basis, revenue increased 10% to $275.4 million. On an organic constant currency basis 1 , revenue increased 1% and was unfavorably affected by intra-year timing of semester start dates for certain programs as compared to the

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accession 0001628280-24-019782

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