Wiley announced fourth quarter and year-end earnings for the period ended April 30. For the fourth quarter, the company reported $526 million in sales, down 4 percent from last year, and adjusted EBITDA of $146.2 million, up from $109.6 million. For the year, sales were $2.02 billion, down 3 percent, and non-GAAP EBITDA before adjustments fell 36 percent to $284.1 million, compared to $444.6 million in 2022. Academic publishing sales were down 3 percent to $127 million for the quarter, and fell 9 percent for the year, to $482 million, with the “decline in print and ebooks more than offsetting […]
