Significant Revenue Growth
Revenue grew by 14% to $448 million, with increases across all segments, particularly Chamberlain and Walden Universities.
Record Enrollment and Expansion
Total enrollment increased by 11.6% year-over-year, marking the 11th consecutive quarter of growth, with Chamberlain University enrollment up 11.5% and Walden University up 13.2%.
Increased Earnings and EBITDA Margin
Adjusted EBITDA margin expanded by 440 basis points, leading to a 47% increase in adjusted earnings per share to $1.81.
Strategic Initiatives Driving Performance
The Get the W campaign and innovative programs like the Believe and Achieve Scholarship contributed to increased student engagement and enrollment.
Digital Transformation and AI Integration
New digital initiatives and partnerships in AI, including the appointment of Michael Betz as Chief Digital Officer, are expected to drive future growth.
Raised Fiscal 2025 Guidance
Revenue guidance increased to $1.73 billion to $1.76 billion, with adjusted earnings per share expected to be $6.10 to $6.30.