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    <title>upGrad Turns EBITDA Positive in FY25; AI-Led Expansion Fuels Global Growth Momentum</title>
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    <description>upGrad achieved positive Ind-AS EBITDA in FY25 through revenue growth, operating efficiencies, and disciplined expansion, while carrying collected but unrecognised revenue to be recognised in future periods. Strategic investment in an AI-led learning stack and hybrid Experience Centres drove consumer enrolment growth and doubled enterprise demand for AI-focused training. International markets and repeat enterprise clients materially supported revenue diversification and scalability, with improved operating cash flows and reduced non-cash items contributing to a smaller negative PAT.</description>
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