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Exhibit 99.1 Stride Inc. Posts Revenue Of $ 392.1 Million – Career Learning Revenue Grows 191 % Year - over - year HERNDON , Va .-- ( BUSINESS WIRE ) -- April 20 , 2021 -- Stride , Inc. ( NYSE : LRN ) , one of the nation's leading tech - enabled education companies , today announced its results for the third fiscal quarter ended March 31 , 2021 . Financial Highlights for the Third Quarter Fiscal 2021 compared with the Third Quarter Fiscal 2020 • Revenues of $ 392.1 million , compared with $ 257.2 million . The increase is largely due to higher enrollments . • Income from operations of $ 38.6 million , compared with $ 14.5 million . • Net income of $ 23.8 million , compared with $ 8.8 million . • Diluted net income per share of $ 0.57 , compared with $ 0.22 . • Cash and cash equivalents as of March 31 , 2021 of $ 329.0 million , compared with $ 212.3 million as of June 30 , 2020 . Adjusted operating income of $ 54.9 million , compared with $ 22.4 million . ( 1 ) • • Adjusted EBITDA of $ 75.0 million , compared with $ 39.0 million . ( 1 ) Third Quarter Fiscal 2021 Summary Financial Metrics Revenues Income from operations Adjusted operating income ( 1 ) Net income EBITDA ( 1 ) Adjusted EBITDA ( 1 ) Three Months Ended March 31 , 2021 2020 Change 2021/2020 $ % $ ( In thousands , except percentages ) 392,145 $ 257,154 $ 134,991 52.5 % 38,553 14,499 24,054 165.9 % 54,906 22,350 32,556 145.7 % 23,789 8,754 15,035 171.8 % 62,153 32,913 29,240 88.8 % 75,007 38,999 36,008 92.3 % Financial Highlights for the Nine Months Ended March 31 , 2021 Compared to the Nine Months Ended March 31 , 2020 • Revenue of $ 1,139.3 million , compared with $ 771.8 million . • Income from operations of $ 89.1 million , compared with $ 25.4 million . • Net income of $ 61.0 million , compared with $ 19.6 million . • Diluted net income per share of $ 1.46 , compared with $ 0.48 . • Adjusted operating income of $ 128.0 million , compared with $ 46.5 million . ( 1 ) • Adjusted EBITDA of $ 184.9 million , compared with $ 96.0 million . ( 1 ) Nine Months Ended March 31 , 2021 Summary Financial Metrics Revenues Income from operations Adjusted operating income ( 1 ) Net income EBITDA ( 1 ) Adjusted EBITDA ( 1 ) Nine Months Ended March 31 , 2021 $ Change 2021/2020 2020 $ ( In thousands , except percentages ) 1,139,250 $ 771,834 $ 367,416 % 47.6 % 89,069 25,416 63,653 250.4 % 127,965 46,451 81,514 175.5 % 60,956 19,618 41,338 210.7 % 154,107 78,206 75,901 97.1 % 184,928 95,991 88,937 92.7 %