The earnings call reflects a strong financial performance with notable growth in subscription revenue and complementary solutions, significant free cash flow increase, and successful deleveraging. However, challenges remain with a decrease in B2G revenue, adjusted net losses, and a decline in gross margin. Overall, the highlights outweigh the lowlights.

Company Guidance

In the call, Vasta Platform provided robust guidance for its financial and operational performance for the second quarter of 2025. The company reported a 16% increase in subscription revenue, reaching BRL 1.340 billion, and a 24% growth in its complementary solutions business. As a result, net revenue for the 2025 sales cycle to date reached BRL 1.488 billion, marking a 14% increase compared to the previous year. Adjusted EBITDA rose by 8% to BRL 462 million, with an EBITDA margin of 31.1%. Free cash flow was a significant highlight, totaling BRL 224 million for the cycle, an impressive 147% year-over-year increase, with a conversion rate of 57.7%. The company also made progress in deleveraging, reducing its net debt to EBITDA ratio to 1.9x. Vasta remains optimistic about further growth, particularly in its Start-Anglo bilingual school operations and B2G segment.

Record Subscription Revenue Growth

Subscription revenue reached BRL 1.340 billion in the cycle to date, a 16% increase compared to the same period of 2024, demonstrating sustained double-digit growth for the fourth consecutive year.

Strong Growth in Complementary Solutions

Complementary solutions business grew 24%, supported by accelerated expansion in student base and market penetration.

Significant Free Cash Flow Increase

Free cash flow in the cycle to date totaled BRL 224 million, an increase of BRL 133 million year-over-year, with a 108% increase in Q2 2025 compared to Q2 2024.

Successful Deleveraging

Net debt to EBITDA ratio decreased to 1.9x from 2.28x in Q2 2024, showing progress in deleveraging efforts.

Expansion of Start-Anglo Bilingual School

Implemented 5 new operating units in 2025, with a total of 7 units in operation, and signed over 50 contracts for future growth.

Vasta Platform (VSTA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VSTA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	-0.06 / -	-0.123	―	―	―
Aug 06, 2025	2025 (Q2)	<0.01 / <0.01	-0.097	102.44% (+0.10)
May 08, 2025	2025 (Q1)	0.06 / 0.04	0.097	-56.23% (-0.05)
Mar 12, 2025	2024 (Q4)	0.28 / 1.30	0.15	764.67% (+1.15)
Nov 07, 2024	2024 (Q3)	-0.14 / -0.12	-0.099	-23.62% (-0.02)
Aug 07, 2024	2024 (Q2)	-0.10 / -0.10	-0.097	0.00% (0.00)
May 08, 2024	2024 (Q1)	0.10 / 0.10	0.037	163.68% (+0.06)
Mar 20, 2024	2023 (Q4)	0.16 / 0.15	0.175	-14.29% (-0.02)
Nov 08, 2023	2023 (Q3)	-0.13 / -0.10	-0.093	-6.69% (>-0.01)
Aug 09, 2023	2023 (Q2)	-0.12 / -0.10	-0.092	-5.98% (>-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VSTA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$4.26	$4.23	-0.70%
May 08, 2025	$4.30	$4.29	-0.23%
Mar 12, 2025	$3.35	$3.56	+6.27%
Nov 07, 2024	$2.70	$2.55	-5.56%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Vasta Platform (VSTA) report earnings?

Vasta Platform (VSTA) is schdueled to report earning on Nov 06, 2025, After Close (Confirmed).

What is Vasta Platform (VSTA) earnings time?

Vasta Platform (VSTA) earnings time is at Nov 06, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VSTA EPS forecast?

VSTA EPS forecast for the fiscal quarter 2025 (Q3) is -0.06.

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