Arco Platform Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was BRL 253.92 million compared to BRL 183.27 million a year ago. Net loss was BRL 72.46 million compared to BRL 144.06 million a year ago. Basic loss per share from continuing operations was BRL 1.3 compared to BRL 2.53 a year ago. Diluted loss per share from continuing operations was BRL 1.3 compared to BRL 2.53 a year ago.
For the nine months, sales was BRL 1,096.1 million compared to BRL 771.24 million a year ago. Net income was BRL 16.85 million compared to net loss of BRL 152.27 million a year ago. Basic earnings per share from continuing operations was BRL 0.3 compared to basic loss per share from continuing operations of BRL 2.67 a year ago. Diluted earnings per share from continuing operations was BRL 0.3 compared to diluted loss per share from continuing operations of BRL 2.67 a year ago.