Core Viewpoint - The global study abroad market is facing significant challenges due to tightening visa policies and increasing uncertainty in major destination countries, leading to a downward revision of profit expectations by IDP Education for the fiscal year 2025 [1][2]. Group 1: Impact on IDP Education - IDP Education announced a projected decline of approximately 28%-30% in student placements and an 18%-20% drop in language test numbers for the fiscal year ending June 30, 2025 [1]. - Following the announcement, IDP's stock price plummeted by 48% on June 3, resulting in a loss of nearly 1 billion AUD, marking the largest drop in eight years [1]. - The company is reviewing long-term costs, productivity, and investment strategies to mitigate the impact of declining revenues [2]. Group 2: Changes in Study Abroad Policies - Major study destinations, including Canada, the US, the UK, and Australia, have implemented stricter immigration and study policies, contributing to a significant decrease in visa issuance [5][6][7]. - As of March 31, 2025, visa issuance for IDP's students in Canada and the US is expected to drop by 65% and 27%, respectively, while the UK and Australia are projected to see declines of 9% and 10% [5]. Group 3: Business Segments of IDP - IDP's primary business segments include student placement services, language testing (IELTS), and English education, with student placement being the largest revenue source [4]. - In the previous year, the number of students placed in major English-speaking countries increased by 17%, reaching a record 98,900, with a revenue growth of 27% in this segment [4]. Group 4: Market Dynamics in China and India - IDP is facing challenges in the Indian IELTS market, with a 55% decline in participation due to policy changes and increased competition, leading to a 19% drop in language testing revenue [9]. - The company plans to expand into the Chinese market, having ceased its partnership with the British Council to directly conduct IELTS exams in China [10].