IDP Education Outperforms in Tough Market

IDP Education Ltd. (AU:IEL) has released an update.

IDP Education Ltd. reports a resilient financial performance for FY24, with record revenues of $1,037 million, marking a 6% increase despite industry challenges. The company saw a 17% rise in student placements, outstripping a broader market decline, although IELTS volumes dropped by 18% mainly due to regulatory uncertainties in key markets. Strategic expansions and the integration of new services like The Ambassador Platform contributed to their successful year.

For further insights into AU:IEL stock, check out TipRanks’ Stock Analysis page.