What guidance did Laureate Education's management provide for the next earnings period?

What is the revenue and EPS growth rate for Laureate Education year over year?

What does Laureate Education do and what are its main business segments?

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Did Laureate Education beat or miss consensus estimates last quarter?

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What were the key takeaways from Laureate Education's earnings call?

- **Q3 Revenue Beat**: $400 million revenue and $95 million EBITDA, exceeding guidance, driven by Peru’s online growth and Mexico’s resilience.
- **New Campus Expansion**: 2 new campuses opened in Mexico and Peru, with 2 more in development, signaling long-term growth.
- **Shareholder Return**: $150 million buyback increase, part of $3B+ returned to shareholders since 2019.
- **Peru Mix Impact**: 2% expected decline in ARPU from online program growth, offset by inflation-linked pricing.
- **Strong Balance Sheet**: $241 million cash and $139 million net cash, supporting disciplined capital allocation.

**【Management Opening Remarks】**
- Adam Morse introduced the call, noting the availability of the earnings press release and supplementary presentation on the company’s website.
- He reminded participants of the forward-looking statements disclaimer and outlined non-GAAP measures used in the discussion.

**【CEO Summary Section】**
- Q3 2025 revenue was $400 million, exceeding guidance, with adjusted EBITDA of $95 million.
- Growth drivers included favorable foreign exchange rates, double-digit growth in Peru’s secondary intake (fully online working adult programs), and 4% new enrollment growth in Mexico (excluding closures).
- New campus openings in Mexico and Peru performed as expected, with 2 additional projects underway for late 2026/early 2027.
- Board authorized a $150 million increase to the stock repurchase program, bringing total available to $177 million.
- Peru’s macroeconomic stability and Mexico’s pragmatic government approach were highlighted as positive factors.

**【CFO Financial Commentary】**
- Q3 revenue growth of 6% (organic, constant currency) and 3% EBITDA growth, driven by Mexico’s 25% EBITDA increase and Peru’s 8% revenue growth.
- Year-to-date 2025 results: 8% revenue growth and 13% EBITDA growth (organic, constant currency).
- Full year 2025 guidance updated to $1.681B-$1.686B revenue (7%-8% growth) and $508M-$512M EBITDA (13%-14% growth).
- Q4 2025 outlook: $521M-$526M revenue and $194M-$198M EBITDA, reflecting academic calendar timing benefits.
- Balance sheet remains strong with $241M cash and $139M net cash position.

**【Q&A Key Highlights】**
- Peru’s Q3 revenue strength: 21% new enrollment growth in fully online programs, offsetting 2% EBITDA decline due to timing of expenses.
- Mexico’s 4% new enrollment growth (excluding closures) included 1% contribution from new campuses, with 3% same-store growth.
- Peru’s average revenue per student expected to decline 2% due to mix shift toward lower-priced fully online programs, partially offset by inflation-linked pricing for face-to-face students.

Laureate Education, Inc. (LAUR) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

LAUR

LAUR fundamentals

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