Stride reported Q3 revenue of $629.9 million, up almost 3% year-over-year, and adjusted net income of just under $99 million, beating analyst estimates.
Career learning revenue grew 12%, driven by a 16% increase in the middle-high school segment, while general education revenue fell nearly 4%.
Stride narrowed its full-year revenue guidance to $2.49–$2.52 billion, with adjusted operating income expected between $490 million and $500 million, slightly below consensus estimates.
Stride's career learning is soaring, but its largest education segment is shrinking. Can this model truly succeed long-term?
As public confidence in college wanes, are for-profit career programs like Stride's becoming the smarter investment for students?
With AI set to transform 40% of job skills, how is Stride preparing students for a radically different workforce?
Stride beat earnings but saw margins shrink due to 'investments.' What exactly is the company building for the future?
A new federal law expands Pell Grants to vocational training. Is Stride perfectly positioned to capture these funds?
Stride's CEO chose 'backfill, not growth' as a strategy. What does this unusual move reveal about the online education market?