{"id":744099,"date":"2023-03-30T16:30:22","date_gmt":"2023-03-30T20:30:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/arco-reports-fourth-quarter-and-full-year-2022-results\/"},"modified":"2023-03-30T16:30:22","modified_gmt":"2023-03-30T20:30:22","slug":"arco-reports-fourth-quarter-and-full-year-2022-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/arco-reports-fourth-quarter-and-full-year-2022-results\/","title":{"rendered":"Arco Reports Fourth Quarter and Full Year 2022 Results"},"content":{"rendered":"

<\/p>\n

Arco Reports Fourth Quarter and Full Year 2022 Results<\/b><\/p>\n

\nIn 2022 Arco delivered a 44% increase in revenues to R$1,775 million and a 50% increase in adjusted EBITDA to R$648 million; 2023 ACV confirmed at R$1,930 million, a 24% YoY growth\n<\/p>\n

S\u00c3O PAULO–(BUSINESS WIRE<\/a>)–Arco Platform Limited, or Arco or the Company (Nasdaq: ARCE), <\/b>today reported financial and operating results for the fourth quarter ended December 31, 2022.\n<\/p>\n

“We are happy and proud of what we have achieved in 2022. After two years of restrictions due to the COVID-19 pandemic, we resumed our growth profile, delivering a 44% YoY revenue growth, and improved our profitability, increasing our adjusted EBITDA margin to 36.5% from 35.0% in 2021. We ended 2022 with a feeling of mission accomplished, as we went further to deliver our commitment to our customers, evolving significantly in the process. We integrated functions, areas and systems, simplified our structure and better allocated our resources. As a result, we delivered an adjusted EBITDA minus CAPEX margin of 27.1%, from 17.8% in 2022 and back to historical levels. Looking ahead, we concluded one more successful commercial cycle for the 2023 school year, resulting in a 24% YoY ACV growth to R$1,930 million, serving over 8 thousand schools and surpassing the mark of 2.6 million students. We will remain focused on improving our solutions and our structure, in order to continue growing in an even more sustainable and profitable way.”<\/i><\/p>\n

Ari de S\u00e1 Neto, CEO and founder<\/b><\/i><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

4Q22<\/b><\/p>\n<\/td>\n

\n\n

2022<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Net revenue<\/b><\/p>\n<\/td>\n

\n\n\n

Cash gross profit<\/b><\/p>\n<\/td>\n

\n\n

Net revenue<\/b><\/p>\n<\/td>\n

\n\n\n

Cash gross profit<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nR$679.3M\n<\/p>\n<\/td>\n

\n\n\n

\nR$530.7M\n<\/p>\n<\/td>\n

\n\n

\nR$1,775.4M\n<\/p>\n<\/td>\n

\n\n\n

\nR$1,389.0M\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n+47.4% YoY\n<\/p>\n<\/td>\n

\n\n\n

\n+37.4% YoY\n<\/p>\n<\/td>\n

\n\n

\n+44.1% YoY\n<\/p>\n<\/td>\n

\n\n\n

\n+39.8% YoY\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

Adj. EBITDA<\/b><\/p>\n<\/td>\n

\n\n\n

Adj. net income<\/b><\/p>\n<\/td>\n

\n\n

Adj. EBITDA<\/b><\/p>\n<\/td>\n

\n\n\n

Adj. net income<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nR$353.2M\n<\/p>\n<\/td>\n

\n\n\n

\nR$117.0M\n<\/p>\n<\/td>\n

\n\n

\nR$647.7M\n<\/p>\n<\/td>\n

\n\n\n

\nR$65.2M\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n+57.4% YoY\n<\/p>\n<\/td>\n

\n\n\n

\n+31.8% YoY\n<\/p>\n<\/td>\n

\n\n

\n+50.3% YoY\n<\/p>\n<\/td>\n

\n\n\n

\n-50.9% YoY\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

Note: Please see adjusted EBITDA reconciliation on <\/i>page 15 and adjusted Net Income reconciliation on pages 15 and 16.<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n

4Q22 and 2022 Highlights<\/b><\/p>\n