Stride Rockets On Q1 Results: Enrollments Up 18.5%, EPS Smashes Estimates

Stride, Inc. (NYSE:LRN) shares are rocketing premarket today after it reported first-quarter results on Tuesday. Revenue improved 14.8% year-over-year to $551.1 million, beating the consensus of $506.1 million.

Adjusted operating income escalated 295.4% to $58.360 million. Adjusted EBITDA increased 111.1% to $83.93 million.

Enrollments reached 222.6K, an increase of 18.5% on year. Of this, career Learning enrollments accounted for 91.7K, up 30.4% over prior year.

Revenue per enrollment was $2,303, ...