Laureate Education Q2 revenue rises 8% to $499.2 million; EPS $0.83
Laureate Education reported second-quarter 2024 revenue of $499.2 million, up 8% on a reported basis and 7% on an organic constant currency basis, with net income of $128.4 million versus $56.3 million a year earlier. The company said the net income increase was mainly driven by foreign currency effects on intercompany balances, and it adjusted its as-reported full-year 2024 revenue and Adjusted EBITDA ranges for recent Mexican peso volatility while maintaining its constant currency outlook.
Key points
- Q2 2024 revenue $499.2 million, up 8% reported and 7% organic constant currency; operating income $166.6 million versus $154.5 million
- Net income $128.4 million versus $56.3 million; basic and diluted EPS $0.83 versus $0.35, mainly driven by foreign currency changes on intercompany balances
- Q2 Adjusted EBITDA $186.9 million versus $175.4 million
- Full-year 2024 revenue now expected at $1,551 million to $1,566 million and Adjusted EBITDA at $441 million to $451 million on an as-reported basis
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.