VASTA PLATFORM LTD. overview

SÃO PAULO, Brazil, July 19, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) announces the completion, by its wholly-owned subsidiary, Somos Sistemas de Ensino S.A. (“Somos”), of the minority investment in Educbank Gestão de Pagamentos Educacionais S.A. (“Educbank”). Vasta investment will total R$158 million, for a 47.4% stake in Educbank, to be paid in: (i) cash installments totaling R$88 million, according to the growth of students served by Educbank and other...

SÃO PAULO, Brazil, June 03, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) announces the execution of a minority investment agreement by its wholly-owned subsidiary, Somos Sistemas de Ensino S.A. (“Somos”), which establishes the terms and conditions for the issuance and the payment of new shares on Educbank Gestão de Pagamentos Educacionais S.A. (“Educbank”). According to the agreement, the investment will be made in installments over a two-year period, upon...

SÃO PAULO, Brazil, May 12, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) – “Vasta” or the “Company,” announces today its financial and operating results for the first quarter of 2022 (1Q22) ended March 31, 2022. Financial results are expressed in Brazilian Reais and are presented in accordance with International Financial Reporting Standards (IFRS). HIGHLIGHTS Net revenue increased 36% year-on-year in the first quarter of 2022 (1Q22), to R$381 million, exceeding the...

SAO PAULO, Brazil, April 28, 2022 (GLOBE NEWSWIRE) -- Vasta announces the release of its first Sustainability Report. Leaders in the K-12 educational segment in Brazil and recognized for their excellence, Vasta Platform and its brands are the key driver in the reinvention of education, overcoming boundaries and transforming the educational environment with technology and science throughout primary and secondary education. Driven by innovation, we offer knowledge and robust technological...

SÃO PAULO, Brazil, April 25, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) today announces that it will report first quarter 2022 financial results for the period ended March 31, 2022, after the market closes on Thursday, May 12, 2022. The Company will host a corresponding conference call and webcast on the same day, May 12, at 5:00 p.m. Eastern time. Investors may listen to the conference call (ID: 5859784) by dialing +1 (833) 519-1336 or +1 (914) 800-3898. A live and archived...

SÃO PAULO, Brazil, March 24, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) – “Vasta” or the “Company,” announces today its financial and operating results for the fourth quarter of 2021 (4Q21) ended December 31, 2021. Financial results are expressed in Brazilian Reais and are presented in accordance with International Financial Reporting Standards (IFRS). HIGHLIGHTS The Annual Contract Value (ACV) for the 2022 school year totaled R$1,000 million, which represents...

SÃO PAULO, Brazil, March 17, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) today announces that it will report fourth quarter 2021 financial results for the period ended December 30, 2021, after the market closes on Thursday, March 24, 2022. The Company will host a corresponding conference call and webcast on the same day, March 24, at 5:00 p.m. Eastern time. Investors may listen to the conference call (ID: 6749694) by dialing +1 (833) 519-1336 or +1 (914) 800-3898. A live and...

SÃO PAULO, Brazil, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited, or Vasta (Nasdaq: VSTA) announces today that it has concluded the 2022 commercial cycle with an Annual Contract Value Bookings (the “ACV Bookings”) of R$1,000 million, which represents a 35% increase in comparison to the subscription revenue for the 2021 commercial cycle, calculated from October 2020 through September 2021 (the “2021 Subscription Revenue”). Excluding Plataforma de Ensino Eleva, or “Eleva”),...