Laureate Education Reports 6% Revenue Growth to $1.57 Billion for Fiscal Year 2024

Laureate Education, Inc. reported a significant increase in its financial performance for the fiscal year ending December 31, 2024, with total revenues reaching $1.57 billion, a 6% increase from $1.48 billion in 2023. The company's net income surged to $296.4 million, up 176% from $107.3 million in the previous year. This growth was primarily driven by higher average total organic enrollment, which contributed approximately $73.6 million to revenue, alongside favorable changes in tuition rates and program enrollments that added another $34.8 million. However, the strengthening of the U.S. dollar against the Mexican peso negatively impacted revenues by $26.3 million.

In terms of operational metrics, Laureate's total enrollment stood at approximately 472,000 students across its five institutions in Mexico and Peru. The company emphasized its focus on professional-oriented education, particularly in high-demand fields such as Medicine, Engineering, and Business, which collectively accounted for about 70% of total enrollments. The average retention rate over the past five years was reported at 79%, indicating a stable student base. The company also noted a workforce of over 31,800 employees, with 18,000 in academic roles, reflecting its commitment to maintaining a robust educational environment.

Strategically, Laureate has been active in expanding its offerings and enhancing its operational efficiency. The company plans to integrate its campus-based operations in Mexico and Peru to leverage shared resources and best practices, aiming to improve student experiences and outcomes. Additionally, Laureate is focusing on increasing its online and hybrid education programs, targeting a future where 40% to 60% of student credit hours are taken online. This shift is expected to enhance accessibility and cater to the growing demand for flexible learning options.

Looking ahead, Laureate's management expressed optimism about the long-term growth potential in the higher education markets of Mexico and Peru, driven by a growing middle class and an increasing demand for quality education. The company aims to continue expanding its program offerings and student demographics while managing the risks associated with operating in multiple countries, including economic and regulatory challenges. The outlook remains positive, with plans to invest in new campuses and enhance existing facilities to meet the evolving needs of students.