Vasta Platform Ltd. (VSTA) has released an update.
Vasta Platform Ltd. reports a robust financial performance for the fiscal year 2023, with an 18% increase in net revenue and a 20% rise in Adjusted EBITDA, driven by operational efficiency and a strong subscription revenue growth. The company also highlights its expansion into the Brazilian public sector, generating R$81 million in revenue, and the successful launch of the Start Anglo franchise, indicating promising new revenue streams. Vasta’s financial health is further evidenced by a significant improvement in free cash flow and the completion of a $12.4 million share repurchase program.
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