Revenue Performance - Revenue for Q1 2025 was $404 million, a decrease of 10% year-over-year, while adjusted revenue at constant currency was $390 million, an increase of 6%[2] - Total net revenue for the three months ended July 31, 2024, was $403,809,000, a decrease of 10% compared to $451,013,000 for the same period in 2023[30] - Adjusted revenue, net, excluding the held-for-sale segment, increased by 6% to $389,623,000 from $367,124,000 year-over-year[30] Segment Performance - Research segment revenue increased by 3% to $265 million, driven by growth in open access and institutional licensing models[3] - Learning segment revenue rose by 14% to $124 million, with a $16 million contribution from a GenAI content rights project[4] - The Learning segment's total net revenue increased by 14% to $124,314,000, driven by a 24% increase in Academic revenue[30] - Non-GAAP adjusted EBITDA for the Learning segment surged by 60% to $33,794,000 compared to $21,178,000 in the previous year[30] Earnings and Profitability - Adjusted EBITDA for Q1 2025 was $73 million, up 22% year-over-year, with an adjusted EBITDA margin of 18.7%[2] - Adjusted EPS for Q1 2025 was $0.47, reflecting a 74% increase at constant currency compared to the prior year[7] - Non-GAAP Adjusted Earnings Per Share (EPS) for the three months ended July 31, 2024, was $0.47, compared to $0.27 in the same period of 2023[20] - The company reported a Non-GAAP Adjusted EBITDA of $72.615 million for the three months ended July 31, 2024, with an adjusted EBITDA margin of 18.6%, up from 16.3% in the same period of 2023[28] Financial Outlook - The company reaffirmed its Fiscal 2025 revenue outlook of $1.65 billion to $1.69 billion, with expected adjusted EBITDA of $385 million to $410 million[10] - Capital expenditures for Fiscal 2025 are projected to be $130 million, up from $93 million in Fiscal 2024, to support research publishing platform work and infrastructure modernization[9] Debt and Cash Management - The net debt-to-EBITDA ratio at the end of the quarter was 2.0, compared to 1.9 in the previous year[8] - The company allocated $32 million towards dividends and share repurchases, an increase from $29 million in the prior year[8] - Cash and cash equivalents at the end of the period were $89,411,000, down from $107,256,000 at the end of the previous year[35] - Net cash used in operating activities for the three months ended July 31, 2024, was $(88,712) thousand, compared to $(82,335) thousand for the same period in 2023[36] Impairments and Losses - The company recorded a pretax noncash goodwill impairment of $26.7 million in fiscal year 2024, including $11.4 million for University Services and $15.3 million for CrossKnowledge[18] - The company recorded a pretax impairment of $51,000,000 related to CrossKnowledge, impacting the held-for-sale segment[33] - The US GAAP net loss for the three months ended July 31, 2024, was $1.436 million, a significant improvement from a net loss of $92.264 million in the same period of 2023[28] - The company completed the sale of Wiley Edge on May 31, 2024, resulting in a pretax loss of $19.6 million[25] - The company recorded a total pretax loss of $105.6 million on the sale of University Services in the three months ended July 31, 2024[25] Non-GAAP Measures - The company emphasizes the use of non-GAAP performance measures such as Adjusted EPS and Free Cash Flow less Product Development Spending for evaluating operational performance[37] - Adjusted Operating Income and Adjusted EBITDA are key metrics used to assess the performance of reportable segments, providing insights into operational trends[39] - Non-GAAP performance measures are regarded as useful by investors for analyzing operating margins and net income, despite not being standardized under US GAAP[41] - The company has not provided a 2025 outlook for the most directly comparable US GAAP financial measures due to high variability and complexity[41] - Non-GAAP financial metrics should not be viewed as alternatives to US GAAP measures and may not be comparable with similar measures used by other companies[42]

Revenue Breakdown - Research revenue accounted for approximately 56% of consolidated revenue for the year ended April 30, 2024, with a 31.8% Adjusted EBITDA margin[5]. - Approximately 96% of Research revenue is generated by digital and online products and services for fiscal year 2024[5]. - Learning segment accounted for approximately 31% of consolidated revenue for the year ended April 30, 2024, with a 34.9% Adjusted EBITDA margin[13]. - Approximately 59% of Learning revenue is derived from digital and online products and services for fiscal year 2024[13]. Company Performance - The company recorded a net loss of $200.319 million for the year ended April 30, 2024, compared to a net income of $17.233 million in 2023[979]. - Total revenue for 2024 was $1,872,987, a decrease of 7.3% from $2,019,900 in 2023[6]. - Net loss for 2024 was $200,319, compared to a net income of $17,233 in 2023, representing a significant decline[6]. - Operating income for 2024 was $52,261, down from $55,890 in 2023, indicating a decrease of 11.8%[6]. - Comprehensive loss, net of tax for the year ending April 30, 2024, was $(199,856,000), compared to a comprehensive income of $130,953,000 in 2022[985]. Financial Position - Total current assets decreased to $454,042 in April 2024 from $541,279 in April 2023, a decline of 16.1%[4]. - Total assets decreased to $2,725,495 in April 2024 from $3,108,810 in April 2023, a reduction of 12.3%[4]. - Total liabilities decreased to $1,985,779 in April 2024 from $2,063,783 in April 2023, a decrease of 3.8%[4]. - Cash and cash equivalents decreased to $83,249 in April 2024 from $106,714 in April 2023, a decline of 22.0%[4]. - Accounts receivable decreased to $224,198 in April 2024 from $310,121 in April 2023, a decrease of 27.7%[4]. Stock and Dividends - Class A common stock dividends for the year ending April 30, 2024, were $1.40 per share, totaling $(64,584,000)[985]. - Class B common stock dividends for the year ending April 30, 2024, were $1.40 per share, totaling $(12,622,000)[985]. - Stock-based compensation expense for the year ending April 30, 2024, was $24,996,000, a decrease from $26,703,000 in 2022[985]. Restructuring and Divestitures - The company completed the sale of University Services on January 1, 2024, which previously provided education technology and support services[23]. - The company plans to divest non-core businesses, including University Services and Wiley Edge, with expected completion dates in 2024 and 2025[1017]. - The Company is reducing real estate square footage occupancy by approximately 13% as part of its Global Restructuring Program[1096]. - Total restructuring and related charges for the year ended April 30, 2024, amounted to $61.6 million, compared to $48.9 million for the previous year[1097]. Environmental Sustainability - The company is committed to environmental sustainability, focusing on reducing greenhouse gas emissions and enhancing environmental stewardship[29]. - The company is focused on sustainable publishing practices and aims to reduce print production and consumption through digital adoption and print-on-demand models[55]. - The company’s environmental strategy includes optimizing resource use and engaging suppliers to meet high sustainability standards[55]. Impairments and Losses - The company reported an impairment of goodwill of $108,449 in 2024, compared to $99,800 in 2023[6]. - The impairment of goodwill amounted to $108.4 million, while losses on the sale of businesses and certain assets totaled $183.4 million[1011]. Future Projections - The total revenue forecast for fiscal year 2025 is projected at $29.734 billion, with $15.887 billion from the US and $13.847 billion from non-US sources[1063]. - As of April 30, 2024, the aggregate transaction price allocated to remaining performance obligations is approximately $498.6 million, with $458.4 million expected to be recognized in the next twelve months[1082].

John Wiley & Sons, Inc. (NYSE:WLY) Q4 2024 Earnings Conference Call June 13, 2024 10:00 AM ET Company Participants Brian Campbell - Vice President, Investor Relations Matt Kissner - Interim President & Chief Executive Officer Christina Van Tassell - Executive Vice President & Chief Financial Officer Jay Flynn - Executive Vice President & General Manager, Research & Learning Conference Call Participants Daniel Moore - CJS Securities Nick Dempsey - Barclays Operator Good morning, and welcome to Wiley's Q4 Fis ...

Wiley Reports Fourth Quarter and Fiscal Year 2024 Results Exceeds FY24 earnings guidance and reports confident FY25 outlook and GenAI momentum June 13, 2024 - Hoboken, NJ – Wiley (NYSE: WLY) today reported results for the fourth quarter and fiscal year ended April 30, 2024. HIGHLIGHTS MANAGEMENT COMMENTARY "We finished the year strong and head into Fiscal 2025 with full confidence in our Research trajectory, GenAI momentum, and profit and performance outlook," said Matthew Kissner, Interim President and CEO ...

WILEY Fourth Quarter and Fiscal 2024 Earnings Review June 13, 2024 SAFE HARBOR STATEMENT This presentation contains certain forward-looking statements concerning the Company's operations, performance, and financial condition. Reliance should not be placed on forward-looking statements, as actual results may differ materially from those in any forward-looking statements. Any such forward-looking statements are based upon a number of assumptions and estimates that are inherently subject to uncertainties and c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File No. 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified in its charter) | New York | 13-5593032 | | --- | --- | | (S ...

John Wiley & Sons, Inc. (NYSE:WLY) Q3 2024 Earnings Conference Call March 7, 2024 10:00 AM ET Company Participants Brian Campbell - Vice President, Investor Relations Matt Kissner - Interim President & Chief Executive Officer Christina Van Tassell - Executive Vice President & Chief Financial Officer Jay Flynn - Executive Vice President & General Manager of Research & Learning Conference Call Participants Pete Lukas - CJS Securities Operator Good morning and welcome to Wiley's Q3 Fiscal 2024 Earnings Call. A ...

WILEY Third Quarter Fiscal 2024 Earnings Review March 7, 2024 SAFE HARBOR STATEMENT This presentation contains certain forward-looking statements concerning the Company's operations, performance, and financial condition. Reliance should not be placed on forward-looking statements, as actual results may differ materially from those in any forward-looking statements. Any such forward- looking statements are based upon many assumptions and estimates that are inherently subject to uncertainties and contingencie ...

Wiley Reports Third Quarter 2024 Results March 7, 2024 - Hoboken, NJ – Wiley (NYSE: WLY and WLYB), one of the world's largest publishers and a global leader in research and learning, today reported results for the third quarter ended January 31, 2024. MANAGEMENT COMMENTARY "As we finish out the year, we're increasingly confident in our underlying momentum and recovery in Research and continued outperformance in Learning," said Matthew Kissner, Interim President and CEO. "We've moved decisively on our improv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) of the Act: For the transition period from_____ to _____ Commission File No. 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified ...