Vasta Announces Second Quarter 2024 Results
Vasta Platform Limited - Class A Ordinary Shares (VSTA)
Company Research
Source: Business Wire
SÃO PAULO--(BUSINESS WIRE)--Vasta Platform Limited (NASDAQ: VSTA) – “Vasta” or the “Company” announces today its financial and operating results for the second quarter of 2024 (2Q24) ended June 30, 2024. Financial results are expressed in Brazilian Reais and are presented in accordance with International Financial Reporting Standards (IFRS).HIGHLIGHTSVasta’s accumulated subscription revenue in the 2024 sales cycle to date totaled R$1,152 million, a 13.8% increase compared to the same period of the 2023 sales cycle. In 2Q24, subscription revenue totaled R$280 million, a 32.5% increase compared to 2Q23 due to the previously disclosed shift in product deliveries, which were deferred to the third quarter of our sales cycle, or 2Q24.Our subscription revenue reached 85.3% of Annual Contract Value (“ACV”) bookings for the 2024 sales cycle, a 1.4 p.p. increase compared to the 2023 sales cycle to date (83.9%). This indicator allows us to reaffirm our expectation that by the end of the peri
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News
- The Returns At Vasta Platform (NASDAQ:VSTA) Aren't Growing Thu, Sep 5, 2024, 5:07 PM GMT+2 2 min read 0 In this article: What Is Return On Capital Employed (ROCE)? What The Trend Of ROCE Can Tell Us Our Take On Vasta Platform's ROCE [Yahoo! Finance]Yahoo! Finance
- Down -24.41% in 4 Weeks, Here's Why You Should You Buy the Dip in Vasta Platform (VSTA) [Yahoo! Finance]Yahoo! Finance
- Vasta Platform Limited (NASDAQ: VSTA) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to an "underweight" rating.MarketBeat
- Vasta Platform (VSTA) Upgraded to Strong Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Vasta Platform Limited (VSTA) Reports Q2 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
VSTA
Sec Filings
- 9/4/24 - Form SC
- 8/7/24 - Form 6-K
- 8/5/24 - Form SC
- VSTA's page on the SEC website