Laureate Education(US:LAUR)2025-05-01 11:16Enrollment Trends - New enrollments decreased by 2%, but increased by 7% when adjusted for semester start dates[4] - Total enrollments increased by 4%, with a 6% increase when adjusted for semester start dates[4] - Full-year 2025 guidance includes total enrollments expected to be between 491,000 and 495,000 students, reflecting a growth of 4%-5%[19] - Total enrollments in Mexico increased by 8% year-over-year, reaching 250,200 as of March 31, 2025[28] - Total enrollments in Peru decreased by 9% year-over-year, totaling 226,800 as of March 31, 2025[28] Financial Performance - Reported revenue for Q1 2025 was $236.2 million, a decrease of 14% compared to Q1 2024[7] - Total revenues for Q1 2025 were $236.2 million, a decrease of 14% compared to $275.4 million in Q1 2024[30] - Revenue for full-year 2025 is expected to be in the range of $1,560 million to $1,575 million, indicating growth of 0%-1% on an as-reported basis[19] - Adjusted EBITDA for Q1 2025 was $5.4 million, down from $30.6 million in Q1 2024, impacted by $23 million due to academic calendar timing[8] - Adjusted EBITDA for Q1 2025 was $5.4 million, down 82% from $30.6 million in Q1 2024[38] - Adjusted EBITDA for full-year 2025 is expected to be between $473 million and $480 million, reflecting growth of 5%-7% on an as-reported basis[19] Losses and Expenses - Operating loss for Q1 2025 was $(13.2) million, compared to operating income of $11.1 million in Q1 2024[7] - Net loss for Q1 2025 was $(19.6) million, compared to a net loss of $(10.8) million in Q1 2024[7] - Basic and diluted loss per share for Q1 2025 was $(0.13), compared to $(0.07) in Q1 2024[30] - The adjusted net loss for Q1 2025 was $16.6 million, significantly higher than the adjusted net loss of $2.1 million in Q1 2024, indicating a substantial decline in performance[40] - The diluted loss per share for Q1 2025 was $0.11, compared to $0.01 in Q1 2024, reflecting a deterioration in earnings per share[40] - For Q1 2025, the company reported a net loss of $19.6 million, compared to a net loss of $10.8 million in Q1 2024, representing an increase of 81.5% year-over-year[40] Cash and Liabilities - As of March 31, 2025, Laureate had $109.8 million in cash and cash equivalents, with net debt of $4.8 million[9] - Cash and cash equivalents increased to $109.8 million as of March 31, 2025, up from $91.4 million at the end of 2024[35] - Total liabilities rose to $950.8 million as of March 31, 2025, compared to $903.5 million at the end of 2024[35] Costs and Expenses - Direct costs for Q1 2025 were $238.4 million, down from $254.0 million in Q1 2024, reflecting a decrease of 6.1%[30] - Interest expense decreased to $2.4 million in Q1 2025 from $4.7 million in Q1 2024, a reduction of 48.9%[30] Foreign Currency Impact - The company experienced a foreign currency exchange loss of $3.2 million in Q1 2025, which contributed to the overall financial results[40] Share Count - The diluted weighted average shares outstanding decreased from 157.0 million in Q1 2024 to 147.6 million in Q1 2025, indicating a reduction in share count[40]