Strategic Education, Inc. Reports Fourth Quarter 2024 Results

About this update from Strategic Education, Inc.

[{"type":"text","content":" HERNDON, Va.--(BUSINESS WIRE)--\nStrategic Education, Inc. (Strategic Education) (NASDAQ: STRA) today announced financial results for the period ended December 31, 2024.\n\n\n“During 2024, we delivered strong performance consistent with our notional operating model including enrollment, revenue, and earnings growth,” said Karl McDonnell, Chief Executive Officer of Strategic Education. “We started 2025 positioned well to continue to deliver growth from the investments we've made across our diversified portfolio of education offerings.”\n\n\nSTRATEGIC EDUCATION CONSOLIDATED RESULTS\n\n\nYear Ended December 31\n\n\n\nRevenue increased 7.7% to $1,219.9 million compared to $1,132.9 million in 2023. Revenue on a constant currency basis, which is a non-GAAP financial measure, increased 7.8% to $1,220.9 million in 2024 compared to $1,132.9 million in 2023. For more details on non-GAAP financial measures used in this press release, refer to the information in the Non-GAAP Financial Measures section of this press release.\n\n\n\nIncome from operations was $155.6 million or 12.8% of revenue, compared to $95.3 million or 8.4% of revenue in 2023. Adjusted income from operations, which is a non-GAAP financial measure, was $157.3 million in 2024 compared to $124.6 million in 2023. The adjusted operating income margin, which is a non-GAAP financial measure, was 12.9% compared to 11.0% in 2023.\n\n\n\nNet income was $112.7 million in 2024 compared to $69.8 million in 2023. Adjusted net income, which is a non-GAAP financial measure, was $117.7 million compared to $89.1 million in 2023.\n\n\n\nAdjusted EBITDA, which is a non-GAAP financial measure, was $233.8 million compared to $196.5 million in 2023.\n\n\n\nDiluted earnings per share was $4.67 compared to $2.91 in 2023. Adjusted diluted earnings per share, which is a non-GAAP financial measure, increased to $4.87 from $3.72 in 2023. Adjusted diluted earnings per share on a constant currency basis, which is a non-GAAP financial measure, was $4.87. Diluted weighted average shares outstanding increased to 24,140,000 from 23,956,000 in 2023.\n\n\n\nThree Months Ended December 31\n\n\n\nRevenue increased 2.9% to $311.5 million compared to $302.7 million for the same period in 2023. Revenue on a constant currency basis, which is a non-GAAP financial measure, increased 2.7% to $310.8 million in the fo...

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