Barnes & Noble Education announced results for the third quarter ended January 31, with sales up 11.3 percent to $515.1 million due to increases in the company’s BNC First Day course material bundles and an increase in physical and virtual stores. Operating income fell 2.7 percent to $14.6 million. Net income was down 62.9 percent to $6.7 million, due to a restructuring gain and tax benefit in the comparable period. Adjusted EBITDA fell 4.6 percent to $23.6 million due to “timing differences in revenue recognition” that led to lower gross margins, plus costs of investigating previous accounting errors. Comparable store […]
Earnings Reports
Wiley Reduces Expenses, Continues AI Partnerships
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 […]
Pearson Ekes Ahead in 2025, As Profits Suffer
Perason announced preliminary results for their full year 2025, further to the brief trading update they released in January. Actual topline sales for the year were barely about flat at £3.577 billion, only £25 million higher than a year ago, though the company reports “underlying” sales growth of 4 percent. Sales suffered due to currency exchange. Statutory operating profit of £507 million was down £34 million, but they take heart that adjusted operating profit rose 6 percent to £614 million, due to the growth and sales and cost savings, “partially offset by investment and inflation.” Profits fell due in part […]
Hachette Shows Gains in 2025
Lagardere released financial results for the fourth quarter and full year 2025, reporting publishing sales of €841 million for the quarter, up 1.8 percent on the company’s like-for-like basis (more akin to what other companies call “adjusted revenue”), and €3.001 billion for the year, up 2.7 percent like-for-like and 4.5 percent as reported, gaining €128 million overall. Recurring EBIT was €312 million, up just €2 million and EBITA was €308 million, up 7 percent. Fourth quarter sales were up €42 million from the previous year, as recent acquisitions added €54 million in the period, balanced by a €27 million negative […]
Higher Ed Growth Helps McGraw Hill in Q3
McGraw Hill reported earnings for the third quarter ended December 31, with sales of $434.2 million, gaining 4.2 percent due to significant growth in the higher education segment. Adjusted EBITDA was $135.9 million, up 7.7 percent. The higher education business grew 24 percent to $225.4 million, “driven by record market share, value-based pricing, and favorable enrollment trends.” The K-12 business fell 14.6 percent to $128.2 million. The company again updated their guidance for the year, after raising it in November. They now expect between $2.067 billion and $2.087 billion in sales for the year and adjusted EBITDA between $729 million and […]
Storytel Profits Jump in 2025
Swedish audiobook company Storytel released its financial report for the fourth quarter and fully year 2025, announcing their highest-ever annual profits. “Our integrated streaming and publishing strategy delivered record profitability and cash flow generation for 2025, ceo Bodil Eriksson Torp said in a release. “As we enter 2026, we are focused on scaling this momentum by leveraging AI-driven innovation to lead the future of storytelling.” For the quarter, sales were up 7 percent (or 12 percent at constant exchange rates) to SEK1.09 billion ($115.9 million), with SEK918 million in the streaming segment (up 5 percent) and SEK367 (up 11 percent) […]