Shares of online education company Stride Inc. (NYSE: LRN) surged over 21% in after-hours trading on Monday following the company's stellar fiscal first-quarter 2025 results and raised guidance for the full year.
Stride reported Q1 2025 earnings per share of $0.94, handily beating the consensus estimate of $0.20 by a staggering 370%. Revenue for the quarter jumped 14.8% year-over-year to $551.1 million, outpacing analysts' expectations of $506.1 million.
The company's top-line growth was driven by robust demand across all its education offerings. General Education revenue grew 10% YoY, while Career Learning revenue soared 22.6% on the back of a 31.7% increase in Middle-High School enrollments.
Stride's profitability also showed remarkable improvement during the quarter. Income from operations surged to $47.3 million from $3.3 million in the year-ago period, driven by higher sales and operating leverage. Adjusted EBITDA more than doubled to $83.9 million, up 111.1% year-over-year.
Encouraged by the strong start to fiscal 2025, Stride raised its full-year revenue and profit outlook. The company now expects fiscal 2025 revenue in the range of $2.225-$2.3 billion, up from its previous guidance of $2.2 billion. Adjusted operating income is projected between $395-$425 million for the year, well above analysts' expectations.
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