For Wiley's Fiscal Year 2025 (ending April 30, 2025), the fourth quarter reported revenue was $443 million, essentially flat year-over-year when adjusted for divestitures, while full-year adjusted revenue was also essentially even. The company saw growth in its Research and Learning segments, particularly in academic courseware and AI licensing, but experienced softness in professional sales due to a weak retail market. Full-year adjusted EBITDA grew to $369 million (at constant currency), driven by cost savings and revenue performance in Research.
Wiley continues to experience robust growth across its Research and Learning segments with recurring revenue performing well, supported by strong research submissions and output. The India, Brazil, and China markets are showing significant revenue improvement and the business unit is seeing double-digit submission increases from the UK, France, Italy, and Canada. The Japan and the U.S. markets are contributing with high single-digit growth.
Open access publishing remains a key strategic initiative, with double-digit growth over the year. AS noted in previous announcements, Wiley has made notable strides in AI licensing, securing its third major AI model training customer in Q4 and generating $40 million in AI-related revenue for FY25. The company is expanding its corporate sector footprint through vertical-specific licensing agreements with technology, pharmaceutical, chemical companies, and a space agency. Strategic partnerships with Amazon Web Services and Perplexity are enhancing Wiley’s capabilities in research API development and AI integration.
In Higher Education, Wiley is seeing strong performance in digital and AI-driven offerings. AI licensing revenue reached $29 million, up 27% year-over-year, supported by both Academic and Professional backlists. Inclusive Access programs show strong double-digit growth and academic digital content and courseware are growing steadily.
Wiley is also innovating in assessments and team development, launching new products that combine personality models with training solutions. The company believes their thought leadership in AI development, research integrity, and accessibility positions them well for growth and an expanded presence in both the academic and corporate sectors.
More information from their press release:
FISCAL 2025 HIGHLIGHTS
- GAAP performance vs. prior year: Operating Income of $221 million vs. $52 million and Diluted Earnings Per Share (EPS) of $1.53 vs. ($3.65)
- Exceeded Adjusted EPS guidance, delivered at top end of range for Adjusted EBITDA margin, and achieved Free Cash Flow outlook
- Delivered Revenue and Adjusted EBITDA margin growth in both Research and Learning segments
- Achieved Adjusted Operating Margin expansion of 300 basis points
- Executed AI content licensing project this quarter with a third large tech company; $40 million in total AI licensing revenue realized in Fiscal 2025 compared to $23 million in Fiscal 2024
- Drove a 34% increase in share repurchases and raised dividend for 31 st consecutive year
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