Vasta Platform (VSTA) has released an update.
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Vasta Platform reported a 6.4% increase in net revenue for the 2024 sales cycle, driven by strong subscription revenue growth of 12.5%, despite a dip in third-quarter net revenue due to reduced contributions from the public-school segment. The company achieved a 9.2% rise in Adjusted EBITDA, thanks to operational efficiencies and premium product expansion, while the Start Anglo bilingual school continued its growth with two new contracts. Despite some challenges, Vasta’s strategic initiatives, including a focus on bilingual education and public sector engagement, underscore its commitment to long-term growth.
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