Vasta Platform (US:VSTA)2022-05-20 18:53Financial Performance - ACV (Annual Contract Value) 2022 increased by 35% [8] - ACV ex-PAR (excluding PAR) increased by 48% [9] - Net revenue increased by 36% year-over-year [10, 23] - Adjusted EBITDA increased by 109% [12] - Adjusted EBITDA margin reached 37.1%, the highest in recent periods [13] - Net revenue for 1Q22 beat the guidance [23] Revenue Breakdown - Subscription revenue accounted for 88% of net revenue in 1Q22 [26] - Textbooks accounted for less than 20% of total sales [11] - Subscription revenue ex-PAR increased by 37% year-over-year in 1Q22 [26] - Non-subscription revenue increased by 25% year-over-year in 1Q22 [23, 26] ACV Recognition - 68% of 2022 ACV has been recognized to date [14] - An estimated 16-18% of 2022 ACV is expected to be recognized in 2Q22 [15] Debt and Receivables - Net debt as of 1Q22 was R$939 million [63]