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Investing.com -- John Wiley & Sons, Inc. (NYSE:WLY) reported first quarter adjusted earnings per share of $0.49, significantly exceeding analyst expectations of $0.32, while revenue reached $397 million compared to the consensus estimate of $375 million.
The company reaffirmed its full-year guidance as it continues to expand its AI licensing initiatives.
The global provider of scientific content and knowledge services saw its first quarter revenue decline slightly to $397 million from $404 million a year earlier, primarily due to divested businesses. However, adjusted revenue increased 1% at constant currency.
Research revenue, which represents the company’s largest segment, grew 5% at constant currency to $282 million, driven by $16 million in AI licensing revenue compared to just $1 million in the prior-year period.
Wiley’s stock rose 1.9% following the earnings announcement, reflecting investor satisfaction with the results and outlook.
"We continue to see strong demand trends in research as we open up new growth pathways in AI and corporate R&D," said Matthew Kissner, President and CEO.
"Wiley is now a recognized leader in AI licensing and innovation, executing projects for multi-national corporations and strategically partnering with top AI innovators."
The company’s Learning segment revenue declined 8% at constant currency to $115 million, primarily due to lower AI licensing revenue compared to the prior year and market softness in Professional learning.
Wiley maintained its fiscal 2026 outlook, projecting adjusted EPS of $3.90 to $4.35 and low to mid-single digit revenue growth.
The company also increased its dividend for the 32nd consecutive year and repurchased approximately 332,000 shares at an average cost of $42.22 per share during the quarter.
The Board approved a new $250 million share repurchase authorization, representing a 25% increase over its 2020 authorization.
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