PowerSchool Announces Second Quarter Financial Results

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PowerSchool Announces Second Quarter Financial Results

PowerSchool Holdings, Inc. announced a 10% year-over-year increase in total revenue, reaching $191.6 million for Q2 2024. Despite a GAAP net loss of $25.7 million, the company reported a 9% rise in Adjusted EBITDA to $66.6 million. The results reflect PowerSchool's strong market position in K-12 education software and ongoing demand for its innovative products.

The launch of MyPowerHub and enhancements to the AI-powered PowerBuddy platform demonstrate PowerSchool's commitment to innovation. These products aim to improve communication within K-12 communities and streamline data analysis for educators. The partnership with Bain Capital is expected to further accelerate PowerSchool's growth trajectory.

• PowerSchool launched AI-powered solutions enhancing educational experiences.

• MyPowerHub improves communication in K-12 education settings.

Key AI Terms Mentioned in this Article

AI-powered solutions

PowerSchool's AI-powered solutions aim to provide personalized guidance and streamline data analysis for educators.

PowerBuddy

PowerBuddy for Learning and Data Analysis are designed to enhance student engagement and facilitate informed decision-making for educators.

Companies Mentioned in this Article

PowerSchool

PowerSchool supports over 60 million students globally and focuses on improving educational outcomes through innovative technology.

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