Wiley reported earnings for their fourth quarter and full year ended April 30, posting quarterly sales of $448 million, up 1 percent as recorded or flat at constant currency. Adjusted EBITDA grew 18 percent to $149 million. In the learning segment, which includes textbooks, sales were down 6 percent as reported and 7 percent at constant currency to $152 million, due to lower AI licensing sales, plus “macro headwinds, and retail channel softness.” Adjusted EBITDA was $70 million, up 1 percent. Research sales grew 5 percent as reported and 4 percent at constant currency to $296 million due to growth […]
Earnings Reports
Higher Ed Sales Boost McGraw Hill’s Profits for the Year
On Thursday, McGraw Hill released results for their fourth quarter and full year ended March 31. Sales fell 2 percent in the quarter to $464 million, down $9.5 million, “reflecting a smaller K‑12 market opportunity,” and partially offset by gains in the Higher Education segment. Adjusted EBITDA was just under flat at $131 million. In the Higher Education segment, sales were $258 million, up 2 percent. K–12 sales fell 10 percent to $126 million. Global Professional sales were $38.9 million (down 1 percent) while International sales fell 5 percent to $40.8 million. For the year, sales were flat at $2.1 […]
Bloomsbury Ups Guidance With Two Maas Books On the Horizon
Bloomsbury announced preliminary financial results for the year ended February 28 with sales of £326 million, down 9.7 percent from £361 million the previous year. Profit before taxation and highlighted items was up 7 percent to £44.9 million. In a statement that doesn’t fully align with the results, ceo Nigel Newton said in a release, “We have successfully pursued our long-term strategy of combining consumer and academic publishing which has created a portfolio of portfolios—a model that continues to provide Bloomsbury with diversification and resilient success.” In the consumer division, sales of £218 million were down £60 million or 21 […]
Correspondent, KPop Drive PRH in Q1
Bertelsmann shared a brief announcement on their financial results for the first quarter, noting that the company as a whole had €4.4 billion in sales, compared to €4.5 billion the previous year. Penguin Random House “delivered a strong business performance,” based on sales of Virginia Evans’s The Correspondent and Angela Song’s For the Fans! (KPop Demon Hunters), which sold 1.6 million copies in the US, UK, Canada, Germany, and Spain during the quarter, plus film-tie in editions of Andy Weir’s Project Hail Mary and Emily Brontë’s Wuthering Heights.
Harper Gains in the Quarter
News Corp. reported earnings for their third quarter ended March 31, with sales at Harper Collins up 8 percent ($41 million) to $555 million, a new record for the quarter. Results were “driven by higher physical and digital book sales led by Rachel Reid’s Game Changers,” and helped by a $6 million gain from recent acquisitions and $12 million from currency exchange. (Adjusted sales were therefore up 4 percent.) EBITDA rose 14 percent to $73 million due (up $9 million). Increased ebook sales led to a 2 percent increase in digital sales. The company reports that digital made up 26 […]
Pearson Shows Moderate Growth in Line with Expectations
Pearson released a brief trading update for the first quarter, announcing a 4 percent increase in sales. “We have had an encouraging start to the year, with a good performance in line with our expectations and continued progress against our strategy,” ceo Omar Abbosh said in the report. “We are executing with discipline, advancing our core business and enterprise offerings, while applying innovative technologies to enhance learner experiences. We remain confident in the momentum we are seeing for 2026 and in our ability to deliver attractive growth for our shareholders.” Sales in the Higher Education segment, which includes textbooks, gained […]