Vasta Announces First 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 first quarter of 2024 (1Q24) ended March 31, 2024. Financial results are expressed in Brazilian Reais and are presented in accordance with International Financial Reporting Standards (IFRS).HIGHLIGHTSIn the 2024 sales cycle to date (which commenced 4Q23 through 1Q24), net revenue increased 12% to R$1,015 million compared to the same period of the 2023 sales cycle, mostly due to the conversion of ACV into revenue and to the performance of the B2G business unit. In 1Q24, net revenue totaled R$461 million, a 14% increase compared to the previous year.Vasta’s accumulated subscription revenue in the 2024 sales cycle to date year totaled R$872 million, a 9% increase compared to the previous year. The 2024 Annual Contract Value (ACV) was less concentrated in the first two quarters (64.5%) than in previous year (66.4%), due to the product
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News
- Vasta Platform Limited (NASDAQ:VSTA) Just Reported And Analysts Have Been Cutting Their Estimates [Yahoo! Finance]Yahoo! Finance
- Vasta Platform Limited to Report First Quarter 2024 Financial Results on May 08, 2024Business Wire
- Vasta Platform Full Year 2023 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Vasta Platform (NASDAQ:VSTA) Will Be Hoping To Turn Its Returns On Capital Around [Yahoo! Finance]Yahoo! Finance
- Vasta Platform Limited (NASDAQ:VSTA) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
VSTA
Sec Filings
- 5/10/24 - Form SC
- 5/8/24 - Form 6-K
- 4/19/24 - Form 20-F
- VSTA's page on the SEC website