GuidanceD2L modestly raised FY2025 guidance, reflecting the recent H5P acquisition, for which it's already starting to capture some revenue synergies.
ProfitabilityThe adjusted EBITDA margin was 9.6%, helped by continued cost discipline and lower-than-expected costs related to the recent user conference.
ValuationD2L's valuation is potentially attractive relative to its growth rate, improving profitability, and competitive position in its core higher-ed market.