IDP Education has issued an interim financial report for the half-year ended December 31, 2024.
Worldwide, revenue from English language testing (IELTS) is down 22% compared to the same period last year. Volume is down 24%.
In the competitive market of India, revenue from English language testing is down 55%. Outside of India, revenue is up 2%.
In total, the IELTS was taken via IDP 683,708 times in the half-year.
The decline in India is attributed to “a series of regulatory changes (e.g. cap on international student numbers, removal of SDS route into Canada), ongoing visa approval and processing issues, and increased competition.”
Overall, IDP’s revenue is down 18% compared to last year.
IDP’s share price is down about 14% in early trading.