Revenue 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 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 accounted for approximately 35% of Wiley's 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]. - Held for Sale or Sold segment accounted for approximately 1% of consolidated revenue for the year ended April 30, 2025, with a (20.6)% Adjusted EBITDA margin [64]. Market Position and Strategy - Wiley maintains a top 3 position in citations received, with 8% of titles, 8% of articles, and 10% of citations in the 2024 release of the Journal Citation Reports [37]. - Long-term publishing alliances contribute approximately 46% of Journal Subscriptions revenue, enhancing Wiley's market position [34]. - Wiley's digital content platform, Wiley Online Library, provides revenue growth opportunities through various business models and deeper market penetration [35]. - Key strategies for the Research segment include expanding the journal portfolio and developing new digital products to meet the needs of researchers and corporate customers [30]. Workforce and Diversity - As of April 30, 2025, the company employed approximately 5,200 colleagues worldwide [66]. - Global gender representation includes 57% female colleagues and 45% female senior leaders (Vice President and above) [68]. Environmental Goals - The company aims to achieve net-zero emissions by 2040, with established science-based targets validated by the Science Based Targets initiative (SBTi) [79]. Financial Metrics and Risks - Approximately 51% of consolidated revenue for the year ended April 30, 2025, was recognized in US dollars, 29% in British pounds, 11% in euros, and 9% in other currencies [302]. - 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]. - Foreign currency translation gains recorded in Total accumulated other comprehensive loss, net of tax, were approximately $69.3 million for the year ended April 30, 2025 [303]. Product Offerings - The company offers online learning solutions, including WileyPLUS and zyBooks, enhancing learner engagement and retention [57]. - Licensing revenue is generated from co-publishing titles and digital uses of content, including training AI models [58]. - Professional Publishing generates revenue from contracts with customers across various sectors, including business and finance [59]. Customer Concentration - Subscription agents account for approximately 18% of total annual consolidated revenue, with no single agent contributing more than 10% [306]. - The top 10 book customers represent about 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].
John Wiley & Sons(WLYB) - 2025 Q4 - Annual Report