• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register

Publishers Lunch

The Publishing Industry's Daily Essential Read

  • Publishers Marketplace
  • Site Guide
  • Help

Wiley to Divest Educational Businesses After Disappointing Year

June 15, 2023
By Katy Hershberger

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 […]

Login to read full story

Filed Under: Earnings Reports, Publishers

sidebar

Primary Free Sidebar

Login


Forgot password
Quick Pass users click here to log in
Get Full Access
The publishing industry's essential daily read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • With Sales Down 30% on Book Bans, Levine Querido Authors Raise Over $100,000 In Auction September 27, 2023 PW
  • Taylor & Francis to Make Voluntary Separation Offer; Threatens Layoffs to Follow September 25, 2023 Bookseller
  • Rupert Murdoch to Retire from News Corp and Fox Boards September 21, 2023 NYT
  • OpenAI's New DALL-E3 Lets Artists Opt-Out of Future Training; Rejects Request to Mimic the Style of Living Artists September 20, 2023 TechCrunch
  • Another Response to AI-Generated Books: KDP Lowers Limit On Number of Titles You Can Create, "To Help Protect Against Abuse" September 18, 2023 KDP Forum
  • TikTok (and Instagram) Stars Sell Cookbooks September 18, 2023 NYT
  • Actor and UK Harry Potter Audiobook Narrator Stephen Fry Demonstrates How His Voice Was Copied By AI Without Permission September 18, 2023 Deadline
  • Neal Sofman, Legend of Bay Area Independent Booksellers, dies at 75 September 15, 2023 SF Chronicle
  • Major Textbook Publishers Trying Suing Shadow Library LibGen Again September 15, 2023 Torrent Freak
  • Deesha Philyaw Has Seven-Figure Deal with Mariner for "The True Confessions of First Lady Freeman" in 2025 and "Girl, Look" September 14, 2023 AP
© 2023 Publishers Lunch. All Rights Reserved.