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Wiley (NYSE: WLY) reported its fourth quarter and fiscal year 2024 results, exceeding its earnings guidance with a positive outlook for FY25. The fiscal year saw significant restructuring, including divesting non-core assets and achieving $90 million in cost savings. Adjusted revenue for FY24 was $1.617 billion, a slight decline of 1%, while adjusted EBITDA was $369 million, down 3%. The research segment faced a 3% revenue drop, while the learning segment grew by 5%, driven by digital content and a GenAI project. Wiley expects FY25 adjusted revenue of $1.650 to $1.690 billion and adjusted EPS of $3.25 to $3.60.
Wiley (NYSE: WLY and WLYB), a leading global publisher and research entity, will announce its fourth quarter and full-year 2024 financial results on June 13, 2024, before the market opens.
The company has scheduled a conference call at 10am ET to discuss these results.
The event will be accessible via a live webcast and presentation slides on Wiley’s Investor Relations website.
For those unable to attend live, an archive of the webcast, presentation, and transcript will be available for one year.