John Wiley & Sons(US:WLY)2025-06-25 14:49Revenue Composition - For fiscal year 2025, 83% of Wiley's Adjusted Revenue is generated by digital products and services, with 48% being recurring revenue[22]. - Approximately 49% of Wiley's consolidated revenue for the year ended April 30, 2025, was derived from outside the US[24]. - Research revenue accounted for approximately 64% of Wiley's consolidated revenue in the year ended April 30, 2025, with a 32.1% Adjusted EBITDA margin[27]. - Learning segment contributed approximately 35% to consolidated revenue in the year ended April 30, 2025, with a 37.4% Adjusted EBITDA margin[46]. - Approximately 96% of Research revenue is generated by digital and online products and services[27]. - For fiscal year 2025, approximately 60% of Learning revenue is from digital and online products and services[46]. - The Held for Sale or Sold segment accounted for approximately 1% of consolidated revenue for the year ended April 30, 2025, with an Adjusted EBITDA margin of (20.6)%[64]. International Revenue - Approximately 49% of Wiley's consolidated revenue for the year ended April 30, 2025, was derived from outside the US[24]. - For the year ended April 30, 2025, approximately 51% of consolidated revenue was recognized in US dollars, 29% in British pounds, 11% in euros, and 9% in other currencies[302]. Digital and Online Products - For fiscal year 2025, 83% of Wiley's Adjusted Revenue is generated by digital products and services, with 48% being recurring revenue[22]. - Approximately 96% of Research revenue is generated by digital and online products and services[27]. - For fiscal year 2025, approximately 60% of Learning revenue is from digital and online products and services[46]. - Wiley's Open Access model allows authors to publish articles with upfront payment of article publication charges, making them freely accessible online[38]. - The Atypon® publishing platform provides integrated access to over 11 million articles from more than two thousand publishers and societies[44]. Publishing and Distribution - Long-term publishing alliances contribute approximately 46% of Journal Subscriptions revenue, enhancing Wiley's publishing and distribution capabilities[34]. - The company engages in co-publishing and licensing revenue from various international publishers, enhancing its content distribution and market reach[58]. Workforce and Diversity - As of April 30, 2025, the company employed approximately 5,200 colleagues worldwide, with 57% being female and 26% identifying as persons of color[66][68]. Financial Impact and Currency - A hypothetical 1% change in interest rates for the $299.8 million of unhedged variable rate debt would affect net income and cash flow by approximately $2.4 million[301]. - The company recorded foreign currency translation gains of approximately $69.3 million during the year ended April 30, 2025, primarily due to fluctuations of the US dollar against the British pound sterling[303]. Sustainability and Environmental Impact - The company aims to achieve net-zero emissions by 2040 and has established science-based targets to drive emissions reductions across Scopes 1, 2, and 3[79]. - The company continues to promote digital adoption and sustainable publishing practices to minimize environmental impact, including print-on-demand and increased digital offerings[80]. Customer and Revenue Concentration - Subscription agents account for approximately 18% of total annual consolidated revenue, with no single agent exceeding 10% of total annual consolidated revenue[306]. - The top 10 book customers contribute around 12% of total consolidated revenue and approximately 24% of accounts receivable as of April 30, 2025[307]. - No single book customer accounts for more than 6% of total consolidated revenue and 9% of accounts receivable as of April 30, 2025[307].