Arco Platform Ltd. (ARCE) Reports Q1 EPS of R$1.83

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Arco Reports First Quarter 2022 Results

May 24, 2022 4:07 PM EDT

Arco delivers R$430.0 million in revenues and 34.1% adjusted EBITDA margin for 1Q22, and reaffirms ACV for 2022 at R$1,560 million and adjusted EBITDA margin guidance range of 36.5% to 38.5%

SÃO PAULO--(BUSINESS WIRE)-- Arco Platform Limited, or Arco or Company (Nasdaq: ARCE), today reported financial and operating results for the first quarter ended March 31, 2022.

The year started at a very strong pace, favored by the resumption of classes in the Brazilian private K-12 schools and the return of students who dropped-out during the pandemic. There... More