Pearson released brief results for the third quarter in their 9-month trading update, with sales and operating profit on track to meet expectations for the year. “Underlying” (currency-neutral) sales grew 7 percent in the quarter. Higher Education sales continued their longstanding steady decline — falling 4 percent overall, and 4 percent in the US, “consistent with expectations.” Ever-chipper in the face of this erosion of what once was their core business, the company reports, “Pearson+ is performing well with robust growth versus prior year Fall semester.” The company’s biggest gains were in English Language Learning as borders reopen—up 36 percent—and […]
