Wiley reported fiscal second quarter results for the period ended October 31, with sales of $533 million, a 9 percent increase from $491 million last year. Adjusted EBITDA was $127.1 million, up from $120.3 million, or 7 percent. Education Publishing sales of $98.6 million were down from $102.4 million last year, “due to softer US enrollment and some easing of prior-year COVID-related tailwinds in content and courseware.” Professional Learning grew 15 percent after last year’s COVID lockdowns, offsetting the Education Publishing decline for a 3 percent lift in the Academic & Professional Learning division overall. The company’s research division grew […]
