Pearson released a 2019 trading update, providing a preview of what’s to come in the complete earnings results coming February 21. It’s not good. In North America, overall revenue was down 3 percent, dragged down by a 12 percent decline in the US Higher Education business. Print sales dropped an astonishing 30 percent, while digital sales showed only “modest growth.” The release notes, “This reflects rapidly changing market dynamics that are reshaping the industry, as illustrated by the fact that in 2019 we sold 3.7 million textbooks to students at US universities, compared to 7.4 million in 2016 and 21 […]
