The earnings call highlighted strong revenue growth and cash flow improvements, particularly in subscription and complementary solutions. However, there were challenges with B2G revenue decline and decreased gross margin. Despite some financial setbacks, the expansion of Start-Anglo and improvements in free cash flow suggest a generally positive outlook.

Company Guidance -

Q3 2025

During the second quarter of 2025, Vasta Platform demonstrated strong financial performance, highlighted by a 16% increase in subscription revenue, reaching BRL 1.340 billion, and a 24% growth in its complementary solutions business. Net revenue for the sales cycle to date rose by 14% to BRL 1.488 billion. In the B2G segment, Vasta recorded BRL 50 million in revenue, with BRL 9 million coming from new customers. Adjusted EBITDA for the cycle reached BRL 462 million, showing an 8% increase with a margin of 31.1%. The company also reported a significant improvement in free cash flow, which increased by 147% to BRL 224 million for the sales cycle. The net debt to EBITDA ratio decreased to 1.9x, down from 2.28x in the previous year. Additionally, Vasta expanded its Start-Anglo bilingual school operations to seven units and signed over 50 new contracts, underscoring its commitment to growth and innovation.

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, marking the fourth consecutive year of double-digit growth.

Complementary Solutions Expansion

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

Net Revenue Increase

Net revenue in the 2025 cycle to date reached BRL 1.488 billion, a 14% increase compared to the same period in 2024.

Free Cash Flow Surge

Free cash flow totaled BRL 224 million in the cycle to date, an increase of BRL 133 million year-over-year. In Q2 2025, free cash flow reached BRL 80 million, a 108% increase compared to Q2 2024.

Start-Anglo Bilingual School Expansion

Implemented 5 new operating units this year, bringing the total to 7 units. Signed over 50 contracts, indicating strong growth potential.

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 / -	-0.124	―	―	―
Aug 06, 2025	2025 (Q2)	<0.01 / <0.01	-0.098	102.44% (+0.10)
May 08, 2025	2025 (Q1)	0.06 / 0.04	0.098	-56.23% (-0.06)
Mar 12, 2025	2024 (Q4)	0.28 / 1.30	0.15	764.67% (+1.15)
Nov 07, 2024	2024 (Q3)	-0.14 / -0.12	-0.1	-23.62% (-0.02)
Aug 07, 2024	2024 (Q2)	-0.10 / -0.10	-0.098	0.00% (0.00)
May 08, 2024	2024 (Q1)	0.11 / 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	-0.094	-6.69% (>-0.01)
Aug 09, 2023	2023 (Q2)	-0.12 / -0.10	-0.093	-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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