Scholastic released its fourth quarter and full year earnings report, with sales down in both periods as success in book fairs and entertainment could not offset declines in trade sales. “Today, our company is more clearly organized around the advantages that make Scholastic distinctive: a trusted brand, beloved IP, proprietary school-based channels and deep relationships with educators and families built over more than a century,” ceo Peter Warwick said in a release. “Scholastic remains uniquely positioned to connect books, schools, homes and screens in ways that deepen kids’ engagement with stories and bring more children back to reading at a […]
Earnings Reports
BNED Expects Sales, Profits to Rise in 2026
Barnes & Noble Education announced preliminary results for the fiscal year ended May 2, with expected sales between $1.710 and $1.720 billion, up about 6.2 to 6.8 percent or $100 to 110 million from 2025. Adjusted EBITDA is projected to be $75 to 77 million, up 26 to 30 percent from $59.4 million. Net income is $15 to 18 million, compared to a $(65.8 million) loss last year, attributed to growth in their First Day Complete program. (In 2025, they took a $55.2 million loss to pay down debt.) This is the first year the company has recorded net income […]
Wiley Expects AI Sales to Multiply
On a call with investors this week, Wiley gave additional information about their partnerships for AI development. As reported, the company made $49 million through AI licenses in the 2026 fiscal year, up from about $40 million in 2025 and $23 million in 2024, and they expect to grow to more than $50 million next year. Recurring revenue was $1 million in the year ending in 2025, $8 million in 2026, and is expected to double or triple next year. “We expect a strong growth trajectory from there as we uncover more data set opportunities in our portfolio, rollout intelligence […]
Yearly Profits Grow at Wiley
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 […]
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 […]