Strong Enrollment and Revenue Growth
New and total enrollments increased by 7% and 6% respectively, driving a 9% growth in revenue on a timing adjusted and constant currency basis.
Expansion in Mexico and Peru
Two new campus openings are on track in Monterrey, Mexico, and Lima's Ate District, with plans for additional campuses in both Mexico and Peru in the coming years.
Improved Financial Guidance
Full year 2025 outlook increased by $55 million for revenue and $16 million for adjusted EBITDA, partly due to favorable currency trends.
Solid Financial Performance
Second quarter revenue was $524 million and adjusted EBITDA was $214 million, both ahead of guidance, with a 13% increase in adjusted EBITDA year-over-year.
Positive Developments in Peru
Peru's economy has shown solid broad-based momentum with 14 consecutive months of expansion and a 6% growth in new enrollments year-over-year.
Accreditations and Awards
UVM in Mexico celebrated its 65th anniversary with the highest level of institutional accreditation from FIMPES, while UPC in Peru was ranked the top university in the Times Higher Education Impact rankings.