Stride (LRN) Soars on Q3 Beat, Raises Outlook

Stride (LRN) reported strong Q3 earnings, exceeding expectations with revenue growth of 10.7% to $520.8M and adjusted EBITDA up 16.0% to $120.5M. Enrollment in both general education (8.7%) and career learning (9.8%) segments increased. Revenue per enrollment also rose. The company raised its FY24 outlook, anticipating revenue in the range of $2.025B to $2.040B, capital expenditures between $60M and $65M, and adjusted operating income between $280M and $290M.

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