Financial Performance - Scholastic's Q3 2025 revenues increased by 4% year-over-year, reaching $335.4 million compared to $323.7 million in Q3 2024 [8] - The company's operating loss improved by 32%, with a loss of $23.9 million in Q3 2025 compared to a loss of $34.9 million in Q3 2024 [8] - Adjusted EBITDA for Q3 2025 was $6.0 million, a 183% increase compared to $(7.2) million in Q3 2024 [8, 18] - Diluted loss per share improved by 86%, from $(0.91) in Q3 2024 to $(0.13) in Q3 2025 [8] Segment Performance - Children's Book Publishing and Distribution revenues increased by 5%, totaling $203.3 million in Q3 2025 compared to $193.1 million in Q3 2024 [6, 10] - Education Solutions revenues decreased by 16%, amounting to $57.2 million in Q3 2025 compared to $68.5 million in Q3 2024 [6, 10] - Entertainment revenues significantly increased, reaching $12.8 million in Q3 2025 compared to $0.5 million in Q3 2024, driven by the acquisition of 9 Story Media Group [6, 10] - International revenues increased by 5% excluding FX impact [6] Fiscal Year 2025 Outlook - The company refined its FY25 Adjusted EBITDA outlook to approximately $140 million [4, 14] - Modest revenue growth is expected year-over-year [4, 14] - Free cash flow outlook remains between $20 million and $30 million [14]