Wiley released earnings for the third quarter ended January 31, announcing sales up 1 percent to $410 million and operating income up 21 percent to $63 million, in line with expectations. The company continues its partnership with AI companies to license training material, making $7 million in the quarter. They also reduced corporate expenses, leading to adjusted EBITDA of $105 million, representing 12 percent growth at constant currency. “We continue to accelerate our progress in major areas of focus, from driving Research and AI growth to delivering materially higher margins and cash flow,” president and ceo Matthew Kissner said in […]
