Phoenix Education Partners Reports Flat Q3 Revenue and Declining Profit Amid Higher Costs
Phoenix Education Partners (PXED) reported flat third-quarter revenue at $271.8 million, but profit declined due to higher share-based compensation from its IPO and increased advertising costs for a new marketing campaign. Adjusted EBITDA also fell as margins were pressured by these expenses.
Topics: AI initiatives ebitda education enrollment trends profitability revenue