Vasta Platform (VSTA) has released an update.
Vasta Platform Limited reported an 11% revenue increase to R$1,309 million in the 2024 sales cycle, with a significant rise in subscription revenue and expanded operations in the B2G sector. The company’s Adjusted EBITDA also saw a 15% growth, and they launched a strategic debt restructuring with the issuance of R$500 million in debentures. Additionally, Vasta’s Start-Anglo bilingual school is showing strong growth potential with a broadening geographic presence and a robust pipeline for further expansion.
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