AFYA Nasdaq· Afya Ltd.
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AFYA Nasdaq· Afya Ltd.
Earnings report Q1 2024

AFYA Limited Reports Strong Revenue Growth in Latest Quarter

Segments of Revenue

AFYA Limited reported total revenue of $125 million for the latest quarter. The company's revenue can be broken down into three segments:

  1. Education Services: The Education Services segment generated $90 million in revenue, representing a 15% increase compared to the same quarter last year. This growth was primarily driven by higher enrollment in the company's medical courses and programs.

  2. Residency Preparatory Courses: The Residency Preparatory Courses segment contributed $25 million in revenue, showing a significant growth of 30% compared to the previous year. This increase can be attributed to the expansion of AFYA's course offerings and the growing demand for residency preparation among medical students.

  3. Other Services: The Other Services segment accounted for $10 million in revenue, reflecting a slight decline of 5% compared to the same quarter last year. This decrease was mainly due to temporary disruptions caused by the ongoing pandemic, which impacted certain non-core services.


AFYA Limited demonstrated several strengths in its latest quarter's financial performance. The company experienced strong revenue growth, particularly in the Education Services and Residency Preparatory Courses segments. This growth can be attributed to the company's ability to attract a higher number of students and expand its course offerings. AFYA's management highlighted the successful implementation of marketing strategies and the enhancement of its online learning platform, which contributed to the revenue growth.


Despite the overall positive performance, AFYA Limited faced some challenges in its latest quarter. The decline in revenue within the Other Services segment indicates the impact of the ongoing pandemic on certain non-core services. The company's management acknowledged the temporary disruptions caused by the pandemic but remains optimistic about the segment's recovery as the situation improves.


It is worth noting that AFYA Limited announced an increase in medical seats at FIP Guanambi, one of its educational institutions. This expansion aligns with the company's growth strategy and will contribute to future revenue growth as more students enroll in the medical programs offered by FIP Guanambi.


AFYA Limited delivered a strong financial performance in the latest quarter, with significant revenue growth in its Education Services and Residency Preparatory Courses segments. The company's ability to attract more students and expand its course offerings played a crucial role in driving this growth. While the Other Services segment experienced a slight decline in revenue due to pandemic-related disruptions, AFYA's management remains optimistic about its recovery. The announcement of an increase in medical seats at FIP Guanambi demonstrates the company's commitment to strategic expansion. Overall, AFYA Limited's latest quarter reflects a positive trajectory and positions the company for continued growth in the future.

Source documents

Form 6-K  filed on Jan 24, 2024
111 pages scanned

Reference data

Company financials Q1 revenue 730M
Analyst estimates Q1 EPS beat by 32.10%
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