HOBOKEN, NJ – Shares of John Wiley & Sons, Inc. (NYSE: WLY) soared 12.39% after reporting first-quarter earnings that beat analysts’ expectations. The publisher reported impressive first-quarter adjusted earnings per share of $1.21, significantly beating analysts’ estimates of $0.81. Revenue also beat estimates, coming in at $468.46 million versus expectations of $438.7 million.
The company’s strong performance is driven by its strong outlook for fiscal 2025, with projected earnings per share in the range of $3.25 to $3.60, well above the consensus estimate of $3.10. Revenue forecast for fiscal 2025 is $1.65 billion to $1.69 billion, in line with analysts’ expectations of $1.652 billion.
Matthew Kissner, interim president and CEO, expressed optimism about the company’s direction, noting strong demand for research and training, as well as significant interest in Wiley’s content for training artificial intelligence and machine learning models. The company’s disciplined performance resulted in better-than-expected earnings and accelerating cost savings, positioning Wiley for continued earnings growth and consistent cash generation.
The company’s transition year saw strategic divestitures and restructuring, resulting in GAAP revenue declining 11% YoY. However, adjusted results in constant currency showed revenue growth of 4%, adjusted EBITDA growth of 7% and adjusted earnings per share growth of 2%. In particular, Wiley’s Learning segment benefited from a $23 million content rights project for GenAI’s large language models, which contributed to an 18% increase in revenue for the quarter.
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