Financial Data and Key Metrics Changes - The company reported a 10% increase in free cash flow to $126 million and reaffirmed a target of $200 million for fiscal 2026 [12][46] - Adjusted operating margin improved by 300 basis points, and adjusted EBITDA margin increased by 120 basis points [12] - Adjusted revenue for the full year rose by 3%, driven by research and academic growth, while adjusted EPS increased by 318% [40][41] Business Line Data and Key Metrics Changes - Research segment revenue increased by 3% for the full year, supported by recurring revenue models and new AI licensing revenue [41][42] - Learning segment revenue declined by 5% in Q4 but rose by 2% for the year, driven by AI licensing and steady market conditions [44] - AI licensing revenue totaled $40 million for the year, with significant contributions from corporate partnerships [11][27] Market Data and Key Metrics Changes - Strong demand for publishing was noted across key markets, with double-digit growth in submissions from India and China, as well as high single-digit growth in the U.S. and Japan [18][19] - The company executed landmark multi-year agreements in India and Brazil, expanding access to research for thousands of institutions [19] - The corporate market, which currently makes up about 10% of revenue, is expected to expand significantly as the company extends its offerings into corporate R&D [26][28] Company Strategy and Development Direction - The company is focused on margin expansion and capitalizing on AI opportunities, with a commitment to improving its cost structure [12][24] - Wiley aims to leverage its content and data for AI development, positioning itself as a key player in the corporate R&D space [28][31] - The company is committed to maintaining a balanced approach to capital allocation, investing in high-return initiatives while returning cash to shareholders [54][84] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and growth despite uncertainties in the economic environment [32][78] - The company anticipates low to mid-single-digit revenue growth for fiscal 2026, factoring in the impact of prior year AI licensing revenue [50] - Management highlighted strong internal indicators and a favorable renewal season, providing optimism for the upcoming fiscal year [75][78] Other Important Information - The company completed all divestitures and secured $120 million in cash proceeds from the university services divestiture, which will be used to reduce debt [12][47] - The company has improved its EBITDA margin in the learning segment by 850 basis points since fiscal 2023 [44] - The company is actively working on a technology transformation program aimed at reducing costs and improving delivery [37][39] Q&A Session Summary Question: What is the outlook for organic growth excluding AI? - Management noted that strong Open Access revenues and a favorable renewal year provide confidence for continued organic growth [61][62] Question: What is the potential contribution from the emerging AI market? - Management indicated that the $1 million in revenue from vertical-specific applications is just the beginning, with expectations for high-margin, recurring revenue models in the future [66][67] Question: How is the company planning for the uncertain economic environment? - Management emphasized a balanced approach of discipline and flexibility in planning, with strong visibility into the calendar year 2025 renewals [78][80] Question: Will the company continue to return cash to shareholders? - Management confirmed that while returning cash to shareholders remains a priority, they will also maintain the ability to invest in the business and take advantage of opportunities as they arise [84]

Core Viewpoint - IAC Inc.'s subsidiary Dotdash Meredith Inc. is set to sell $400 million in senior secured notes to refinance existing debt and fund related expenses [1][2]. Group 1: Offering Details - Dotdash Meredith Inc. will issue $400 million of 7.625% senior secured notes due in 2032, with interest at 7.625% per annum, issued at 100% of face value [1]. - The proceeds from the offering will be used alongside a new $700 million term loan B facility and cash on hand to repay the existing $1.18 billion term loan B-1 facility [2]. Group 2: Regulatory Compliance - The offering is targeted at qualified institutional buyers under Rule 144A and non-U.S. persons outside the United States in compliance with Regulation S [3]. - The notes will not be registered under the Securities Act and cannot be sold in the U.S. without registration, except under certain exemptions [3]. Group 3: Company Background - IAC is a company focused on building and acquiring new products and brands, with a portfolio that includes Dotdash Meredith and Care.com, among others [5]. - Dotdash Meredith is recognized as the largest digital and print publisher in America, with over 150 million monthly users and more than 40 iconic brands [6].

Group 1: Wolters Kluwer - Wolters Kluwer is a leading global information services and publishing company, providing products and services for professionals in various sectors including health, tax, accounting, corporate, financial services, legal, and regulatory [1] - The company has a Zacks Rank of 1 (Strong Buy) and its current year earnings estimate has increased by 4% over the last 60 days [1] - Wolters Kluwer's shares have gained 13.7% over the last three months, significantly outperforming the S&P 500, which gained only 0.9% during the same period [2] Group 2: Alexander's - Alexander's is a real estate investment trust engaged in leasing, managing, developing, and redeveloping properties [2] - The company also holds a Zacks Rank of 1 and has seen a 10.3% increase in its current year earnings estimate over the last 60 days [2] - Alexander's shares have increased by 7.3% over the last three months, again outperforming the S&P 500's 0.9% gain [3]

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA guidance of $330 million to $350 million for the full year, with a trailing basis of $309 million [40][41] - Free cash flow conversion remains strong, with a minor amount of capital expenditures and working capital [41] - The company has a net credit facility of $1.2 billion to $1.4 billion and aims to deleverage below four times leverage by year-end [41] Business Line Data and Key Metrics Changes - Dotdash Meredith is the number one digital and print publisher in America, with over $1.8 billion in majority digital revenue [23] - The company has seen consistent digital revenue growth, reporting a 7% increase in the first quarter and guiding for 7% to 9% growth for Q2 [39][40] - Care.com has flat revenue over the last few years, but the company expects improvements with a new management team and better marketing strategies [47] Market Data and Key Metrics Changes - The company noted strength in premium direct advertising revenue, particularly in health and beauty sectors, while experiencing weakness in food and beverage and parts of retail [60] - Programmatic advertising prices have stabilized after initially rising, indicating a shift in market dynamics [60] - MGM Resorts is viewed as undervalued, trading at about 3.3 times the current value of its properties, with significant upside potential [44] Company Strategy and Development Direction - The company is focused on capital allocation, including stock buybacks and strategic acquisitions, while also considering opportunistic divestitures [18][54] - Management changes have been made to enhance execution and focus on free cash flow [15][16] - The company aims to unlock the perceived value of its private assets and reduce the discount at which its equity trades [13][14] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a strong performance in direct premium advertising and a solid position heading into the latter part of the year [62] - The company anticipates some softness in Q2 and Q3 but expects relative strength in Q4, with no significant recession predicted [56] - Management highlighted the importance of resolving tariff issues to improve market conditions [62] Other Important Information - The company has a strong cash position with $900 million available at the holding company level [13] - The integration challenges faced by Dotdash Meredith have been addressed, leading to improved performance [10] - The company is actively exploring M&A opportunities across various stages and sectors, particularly in leisure, entertainment, and media [21] Q&A Session Summary Question: Can you walk through the macro environment regarding tariffs? - Management noted that there was strength in March, but volatility has since increased, with premium direct advertising remaining solid despite some weakness in other sectors [59][60] Question: Is there a path for IAC to take a controlling stake in Turo? - Management indicated that taking a controlling stake is not a priority, focusing instead on executing current opportunities [63] Question: Are there discussions with other large language model developers? - Management confirmed ongoing discussions with various developers, with OpenAI being the most advanced partner [64][65]

Core Viewpoint - Educational Development Corporation (EDC) has focused on cash flow management over profitability in fiscal 2025, leading to significant debt reduction and inventory management strategies [2][5]. Fiscal Year Summary Compared to the Prior Year - EDC reduced bank debts and vendor payables by a total of $16.9 million over fiscal years 2024 and 2025, with a reduction of $3.1 million in bank debts and $2.0 million in vendor payables during fiscal 2025 [2]. - Inventory levels decreased from $55.6 million to $44.7 million, generating $10.9 million in cash flow, with an excess inventory of approximately $30 million remaining [2]. - The company experienced a net loss of $(5.3) million for the fiscal year, compared to a net gain of $0.5 million in the previous year [4][6]. Fourth Quarter Summary Compared to the Prior Year Fourth Quarter - Net revenues for the fourth quarter were $6.6 million, down from $9.0 million in the previous year, while the average active PaperPie Brand Partners decreased from 15,500 to 9,400 [4][6]. - The loss before income taxes improved to $(1.5) million from $(2.2) million in the prior year’s fourth quarter, indicating a focus on cost reductions [4][6]. - Loss per share for the fourth quarter was $(0.16), an improvement from $(0.19) in the previous year [4][6]. Strategic Direction - EDC plans to strengthen its financial position through the sale and leaseback of its headquarters, which is expected to eliminate remaining bank debts and associated interest expenses [5]. - A Purchase Sale Agreement has been executed with TG OTC, LLC, with the transaction expected to close by early September 2025, allowing EDC to retain ownership of excess land [5].

Financial Data and Key Metrics Changes - The company reported a positive adjusted EBITDA of $2.4 million for Q1 2025, marking its first positive EBITDA quarter since 2023 [21] - There were $1 million in personnel-related costs in Q1 that have been eliminated, which would have resulted in a positive adjusted EBITDA of $3.4 million [22] Business Line Data and Key Metrics Changes - Licensing revenue increased significantly by 175% year-over-year, and even without the ByBorg deal, it was still up over 50% [33] - The ByBorg deal, effective January 1, contributes $5 million per quarter, with the first two payments already made [33] Market Data and Key Metrics Changes - The U.S. market represents approximately $35 million of the business, with a 10% price increase implemented to mitigate tariff impacts [12][22] - The company is seeing improvements in its China licensing business despite challenges from the tariff environment [34] Company Strategy and Development Direction - The company is focusing on an asset-light model and aims to reduce overhead while increasing EBITDA [22][28] - There are plans to explore growth opportunities in gaming and hospitality, including potential development of a Playboy Club [23][28] - The company is also looking to expand its content licensing and media strategy, including paid voting campaigns and magazine sales [26][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth opportunities in the next few years, particularly in licensing and content [28] - The company is preparing for potential revenue recognition from multi-year deals in the gaming sector [24][35] Other Important Information - The annual meeting for shareholder voting on the second equity investment is scheduled for June 16 [17] - The company plans to release additional magazine issues and capitalize on ancillary revenue streams from its content [25][28] Q&A Session Summary Question: Expectations for Honeybird debt and gross margin changes - Management indicated that they are ahead of plan for the second quarter and expect an easy comparable from last year [9][10] Question: Impact of Chinese tariffs on gross margin - The near-term impact of tariffs is estimated at about $1 million, but price increases and changes in shipping thresholds are expected to mitigate this [10][12] Question: Plans for new product development with ByBorg - Management is excited about new designs and has a minimum guarantee of $20 million per year from ByBorg [14][15] Question: Potential around other licensing categories - Management highlighted ongoing efforts in gaming and hospitality, with potential revenue recognition expected in the second half of the year [20][24] Question: Drivers of the licensing business in the quarter - Licensing was significantly up due to the ByBorg deal and improvements in the China licensing business [33][34]

VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) -- Glacier Media Inc. (TSX: GVC) (“Glacier” or the “Company”) reported revenue and earnings for the period ended March 31, 2025. Summary Results (thousands of dollars) Three months ended March 31,except share and per share amounts 2025 2024 Revenue $32,475 $34,750<td style="pa ...

LONDON, May 2, 2025 /PRNewswire/ -- Pearson plc held its annual general meeting ("AGM") at 10:30am today. All resolutions set out in the Company's Notice of Annual General Meeting dated 27 March 2025 were proposed and approved on a poll.The table below shows the results of the poll for each resolution. As at 6.30pm on 30 April 2025, the Company's issued share capital was 661,685,614 ordinary shares of 25p each. The Company does not hold any ordinary shares in Treasury. Therefore, the total voting rights in ...

Core Viewpoint - Thomson Reuters reported a positive start to 2025 with a solid financial performance and reaffirmed outlook, emphasizing its commitment to innovation and balanced capital allocation [1][6]. Financial Highlights - Total revenues for Q1 2025 were $1,900 million, a 1% increase from $1,885 million in Q1 2024 [2][42]. - Operating profit rose by 1% to $563 million compared to $557 million in the prior year [2][4]. - Diluted earnings per share (EPS) decreased to $0.96 from $1.06, reflecting a 9% decline [2][4]. - Net cash provided by operating activities increased by 4% to $445 million [2][4]. - Free cash flow increased by 3% to $277 million [2][4]. Revenue Breakdown - Revenues increased by 1%, driven by a 2% growth in recurring revenues, which accounted for 76% of total revenues, partially offset by a 1% decline in transaction revenues and a 6% decline in Global Print [3][6]. - Organic revenues grew by 6%, with the "Big 3" segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) reporting a 9% organic revenue growth [3][6]. Segment Performance - Legal Professionals segment revenues decreased by 4% to $693 million, with an organic growth of 8% [5][9]. - Corporates segment revenues increased by 7% to $541 million, with an organic growth of 9% [5][11]. - Tax & Accounting Professionals segment revenues rose by 10% to $360 million, with an organic growth of 11% [5][13]. - Reuters News segment revenues decreased by 7% to $196 million, reflecting a decline in organic revenue [5][15]. - Global Print segment revenues decreased by 6% to $116 million, driven by lower shipment volumes [5][17]. Adjusted EBITDA and Margins - Adjusted EBITDA for Q1 2025 was $809 million, a slight increase from $806 million in Q1 2024, with an adjusted EBITDA margin of 42.3%, down from 42.7% [2][4][7]. - The adjusted EBITDA margin for the "Big 3" segments combined increased to 47.3% from 45.8% [7][10]. Capital Allocation and Dividends - The company announced a 10% increase in its annual common share dividend to $2.38, marking the 32nd consecutive year of dividend increases [6][29]. - Thomson Reuters completed the acquisition of SafeSend for approximately $600 million to enhance its tax automation capabilities [6][28]. 2025 Outlook - The company reaffirmed its full-year 2025 outlook for all metrics, expecting organic revenue growth of approximately 7% and an adjusted EBITDA margin of around 36% for Q2 2025 [22][24].

单位：万元 | | | 销售码洋 | | 营业收入 | | | 营业成本 | | | | 毛利率(%) | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 增长 | | | 增长 | | | 增长 | | | | | | 去年 | 本期 | 率 | 去年 | 本期 | 率 | 去年 | 本期 | 率 | 去年 | 本期 | 增长 | | | 同期 | | （%） | 同期 | | （%） | 同期 | | （%） | 同期 | | 率 | | 一 般 | | | | | | | | | | | | 减少 | | 图 书 | | | | | | | | | | | | 0.21 | | 出 版 | | 213,403.47 213,012.65 | | -0.18% 72,180.49 | 71,520.88 | -0.91% | 39,013.47 | 38,809.19 | -0.52% | 45.95 | 45.74 | 个百 | | 业务 | | | | | | | | | ...