Phoenix Education Partners FY26 Q3 net income falls 27.3% to $39.17 million; net revenue flat at $271.8 million

• Phoenix Education Partners posted net income attributable to shareholders of USD 39.17 million, down 27.3% year over year, as net revenue held flat at USD 271.8 million.
• Operating income fell 27.1% to USD 51.83 million, pressured by a 9.7% rise in total costs and expenses to USD 219.98 million.
• General and administrative expense climbed 17.3% to USD 97.75 million, driven by higher compensation costs including IPO-related share-based compensation, plus higher advertising.
• Strategic alternatives, restructuring and other costs jumped 74.6% to USD 11.94 million, on higher lease restructuring expense and higher litigation charges and regulatory expense.
• Average total degreed enrollment edged up to 85,300 from 84,800 a year earlier, while adjusted EBITDA slipped to USD 78.08 million from USD 83.38 million.

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