Stride(LRN) - 2024 Q2 - Earnings Call Presentation

Financial Performance - Q2 FY24 revenue reached $504.9 million, a 10.1% year-over-year increase[11] - H1 FY24 revenue totaled $985.0 million, up 11.5% year-over-year[11] - Q2 FY24 Adjusted Operating Income was $94.9 million, a 24.4% year-over-year increase[11] - H1 FY24 Adjusted Operating Income was $109.6 million, a 94.5% year-over-year increase[11] - Q2 FY24 Adjusted EBITDA was $118.3 million, a 17.8% year-over-year increase[11] - H1 FY24 Adjusted EBITDA was $158.1 million, a 52.7% year-over-year increase[11] Enrollment Trends - Average enrollment for General Education, K-12 was 120.7K, up 8.5% year-over-year[19] - Average enrollment for Career Learning, Middle – High School was 72.4K, up 9.2% year-over-year[19] - Total enrollments reached 193.1K, an 8.9% year-over-year increase[19] Guidance - FY24 revenue guidance is between $1.99 billion and $2.04 billion[22] - FY24 Adjusted Operating Income guidance is between $265.0 million and $285.0 million[22]