Strategic Education, Inc. (NASDAQ:STRA) Q1 2024 Earnings Call Transcript

Daniel Jackson: Yes. Emily, I think the improvements that Karl just mentioned that we are calendaring in the latter half of the year will likely lead to more stable revenue per student, which is generally, as I’ve told you before, that’s what we plan around.

Emily Marzo: Okay. Great. And you had some great corporate partnerships. I’m wondering if you could give us any color on Strayer and Capella and if there’s any specific program that’s drawing interest? Or any color you could give us on the two different programs there.

Karl McDonnell: Sure. At Capella, it’s significantly weighted to healthcare. And depending on the quarter and certainly throughout last year, the mix percentage of new students from corporate partnerships at Capella has increased substantially and in some quarters getting close to or if not over 40%. So healthcare is the clear driver at Capella. Strayer’s more business-oriented, more undergraduate and we’ve seen strong growth albeit slightly stronger growth at Capella, but nevertheless, we continue to see strong growth across U.S. higher and really a wide array of partners.

Emily Marzo: Thank you.

Karl McDonnell: Thank you.

Operator: This does conclude the question-and-answer session of today’s program. I’d like to hand the program back to Karl McDonnell for any further remarks.

Karl McDonnell: Thank you, everyone, for joining us this morning, and we look forward to discussing our second quarter results with you in a few months. Thank you.

Operator: Thank you, ladies and gentlemen, for your participation in today’s conference. This does conclude the program. You may now disconnect. Good day.