McGraw Hill offered brief preliminary highlights of their fiscal fourth quarter (ending March 31) and full year 2021 results. For the quarter, overall billings grew 21 percent, with 12 percent growth in higher ed billings. Adjusted EBITDA grew in the fourth quarter, thanks to strong billings and savings from the completed “cost rationalization program.” The company says higher ed billings grew 5 percent for the year, and digital billings grew 17 percent, but did not provide data on overall billings for the year. “Despite challenging environment in FY2021, MH demonstrated resiliency and focused on supporting institutions, educators and learnings during […]
