NEW YORK – John Wiley & Sons, Inc. (NYSE:WLY) reported better-than-expected first-quarter results and reaffirmed its bullish 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 analyst expectations for a loss of $0.06. Revenue came in at $403.8 million, also exceeding expectations of $360.9 million.
“The Wiley leadership team and I are pleased with the way we started the year, as measured by both our performance indicators and our financial results,” said Matthew Kissner, president and CEO of Wiley.
Research revenues increased 3% year-over-year to $265 million, driven by robust demand for journal publishing and the execution of publishing strategies. Learning revenue rose 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 increasing to 18.6% from 16.3% last year.
For fiscal 2025, Wiley reaffirmed its guidance for adjusted earnings per share 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 that it completed its third and final planned divestiture and executed the remainder of its $130 million cost savings program during the quarter.
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