Vasta Platform reports 13.4% rise in third-quarter net revenue to R$250 million
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Vasta Platform Ltd. reported a 13.4% increase in third-quarter net revenue, reaching R$249.6 million, compared to the same period in 2024. This growth was driven by the B2G segment and higher non-subscription revenue, aided by increased enrollment in its flagship schools. The cost of goods sold decreased by 1.4% to R$80.1 million, while general and administrative expenses rose by 3.3% to R$124.7 million. Net debt decreased to R$863.2 million, improving the net debt to LTM adjusted EBITDA ratio to 1.75x from 2.32x year-over-year.
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