Eilif. you, Thank
campus-based business. a As a higher reminder, seasonal education is
it is out quarter. a P&L a seasonally quarter for is of large classes session intake of third perspective, the period, as from low much the are Although
our and Pages which third with start and XX the XX, and year-to-date. performance operating quarter highlight for financial Let's
year at line year-to-date as anticipated. with in total enrollments up and was And the cost implied brand Pricing when inflation of were level quarter degree covering expectations. when our New performance is the combined with enrollments and X% volume both a prior for to compared period.
revenue line X% the primarily EBITDA the basis, of for the and currency mix During million. and for slightly with quarter Adjusted the organic $XX we and by $XXX we recent intake, quarter to to Mexico. revenue was range third Mexico. declined provided year, a to year-over-year on footprint Revenue estate per the million increased adjusted average costs of in EBITDA positive The an driven we experience as did performance. exits the in expectations, impact third student versus discussed On was constant on decrease half call, in attributable real guidance was our continued on first focus additional the quarter's our expenses lease optimization related prior the shifting of was as year-over-year. from
the still XX% XXXX XX%. the organic combined growth ended half our and and currency increase constant in an When with for resulted months of performance in overall of first revenue EBITDA basis, adjusted X on
with Please note additional prior performance XX. are that the provide constant some on Peru, comparisons on versus of basis. all me now Let color starting organic year and Mexico an and Page currency
with start Let's Mexico.
We Mexico's very pleased with are intake performance. primary
primary of last but expected in we calls As Mexico grew a increased this in second year-over-year that timing our intake. would new that a create the came previous X% new intake. in still enrollment as to signaled adjusted. year, the We in reminder, half hard this during growth growth XX% year's enrollments deliver comparison That
premium over brands our double-digit in both Eilif primary As growth the face-to-face years, X across value enrollments past by XX% noted, online and our both in new have driven offerings. its Mexico fully and intake, during and increased
exit declined increase expected Mexico's quarter, of EBITDA revenue average revenue $X XX% costs. third referred X% a to as mix. versus a and shifting Adjusted million growth due prior enrollments driven basis, of the On grew the XX% year. and by expenses price to For of year-to-date X% was in lease earlier total
XX% believe expenses. the increased by We the well EBITDA in prior by return Adjusted driven in year-to-date campus of above offset underway. versus gains, partially flow-through couple to to period, margins strategy years revenue that XX% year expand and to next productivity Mexico is our
transition to now Peru XX. Let's on Slide
prior and increased enrollments X%. total intake completed, the just period enrollments During the versus year in cycle smaller Peru grew new X%
remarks, completed Eilif currently on As opening some the did across during consumer. intake. the secondary sector. was the impact felt experiencing higher Peru we noted The pressure his entire recently in experience attrition Accordingly, is
Despite we growth approach. intake a due in primary the the strong year macroeconomic line solid still disciplined are to and earlier pricing conditions, delivering top
expected quarter, and X%, For Peru's science digital impact the additional growth EBITDA increased offerings. health in expenses return-to-campus investments Adjusted of and XX%. third up our reflecting was the revenue
XX% X% by a versus On revenue a X% was date enrollments prior associated flow-through face-to-face mix. the expenses decline offset incremental EBITDA was Adjusted was to to return at total partially expected, increase up average the of basis, price year in revenue year-to-date classes of with and campuses. as in growth our by as X% increase driven a margins with
in our Let $X Laureate me cash and ended with now sheet debt a debt in of only million net $XXX million for $XXX million. gross briefly discuss position September balance position.
post more transformation. including During XXXX, our the while terms the refinanced what the its is under commitment organization for September largely our extending maturity unchanged. quarter, reducing the pricing of size revolver, needed were be corporate appropriate for we to revolver, Key through
and of $X.XX sheet revolver extended dividend balance Board's decision per today. maturity our cash share to strong the supported special Our declare
on updated Moving XXXX, starting outlook on to XX. our Page for
are on We EBITDA range. previously expectations basis for constant the and year revenue guided a full adjusted maintaining within the currency
range narrowed have we in given fourth the the only However, remains year. quarter the
currency very call. second year, the quarter time our the still though rates earnings of foreign FX the component, On for have since favorable declined
year As the reducing are reflect benefit full we spot FX rates. a to result, current
rate we provide guidance reminder, on a consistently FX As spot a basis.
to higher During Peru the price offset attrition softness did that and by that intake, positive market. recent we impact, in but a mix experience the was in macroeconomic related rates
be expect now to an of enrollment of organic EBITDA basis of billion in year million, of Revenue XX% an reflecting to XX% X% constant total current million follows: to reflecting on range now to growth we range now an XXXX. XX% rates, Adjusted currency end to full as-reported be to of to be to basis and our the expect in versus on volume result, closer enrollment as on approximately to we currency $XXX $X.XXX XX% spot growth low range. students, $X.XXX constant an the growth as-reported a now previous results FX XX% and organic of As XXXX. basis on on basis reflecting versus XX% $XXX XX% versus Based the to XXXX. total be XXX,XXX approximately XXXX billion,
Now moving guidance. quarter to fourth the
$XXX quarter. XXXX, the expected with million of in to strong $XXX quarter range margin million, fourth to to $XXX EBITDA expansion of For range revenue we in of to million the million. be $XXX expect fourth during be the the Adjusted
to back I That it you Eilif, for handing am concludes prepared comments. my closing remarks.
