Strategic Education beat revenue expectations but stumbled on earnings as a $13.9 million Australian compliance charge offset strong growth in its Sophia Learning platform, which surged 32% in subscribers. The Australian regulatory headwind compressed that segment's operating income to $1 million from $12.8 million year-over-year, while U.S. Higher Education more than doubled operating income on better revenue per student and lower bad debt.
Strategic Education :
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Stock Data
$80.02
$0.04 (0.05%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
CONSUMER DEFENSIVE
Industry
EDUCATION & TRAINING SERVICES
Strategic Education, Inc. offers a broad range of educational services, including campus-based and online post-secondary education, and skill development programs. With a focus on business, technology, health services, and more, it operates Strayer University, Capella University, and several international institutions like Torrens University and Media Design School. It also provides non-degree courses through Hackbright Academy and Devmountain, and business education via the Jack Welch Management Institute. Additionally, Strategic Education offers Workforce Edge, a platform for employers to manage education benefits, and Sophia Learning for affordable education programs. Founded in 1892, its headquarters are in Herndon, Virginia.
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