NEW YORK - John Wiley & Sons, Inc. (NYSE:WLY) reported better-than-expected first quarter results and reaffirmed its upbeat full-year guidance, sending shares up 1.3% in early trading.
The research and education company posted adjusted earnings per share of $0.47 for the quarter ended July 31, significantly beating the analyst estimate of a $0.06 loss. Revenue came in at $403.8 million, also topping expectations of $360.9 million.
"The Wiley leadership team and I are pleased with how we started the year, as measured by both our performance indicators and financial results," said Matthew Kissner, Wiley President and CEO.
Research revenue grew 3% year-over-year to $265 million, driven by robust demand for journal publishing and execution of publishing strategies. Learning revenue jumped 14% to $124 million, boosted by a $16 million contribution from an AI content rights project.
Adjusted EBITDA rose 22% to $72.6 million, with margin expanding to 18.6% from 16.3% last year.
For fiscal 2025, Wiley reaffirmed its outlook for adjusted EPS of $3.25-$3.60 and revenue of $1.65-$1.69 billion. The company said it remains on track with its fiscal 2026 targets.
Wiley also noted it closed its third and final planned divestiture and actioned the remainder of its $130 million cost savings program during the quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.