Q2 2026 Skillsoft Corp Earnings Call Transcript
Key Points
- Skillsoft Corp (SKIL) delivered consistent profitability and improved adjusted EBITDA margins despite a lower revenue base.
- The company achieved a fourth consecutive quarter of revenue growth in its TDS enterprise solution, which represents more than 90% of the TDS segment.
- Skillsoft Corp (SKIL) successfully implemented a dual business unit structure and improved operational execution, resulting in $45 million in expense reductions.
- The company secured significant customer wins in Q2, including contracts with a global athletic apparel brand, a global semiconductor manufacturer, and a leading European provider of digital services.
- Skillsoft Corp (SKIL) is evolving its product strategy to focus on AI native design, skills intelligence, and enterprise-grade flexibility, which is expected to drive future growth.
- Economic uncertainty and geopolitical headwinds negatively impacted revenue, particularly in North America and the Middle East.
- The company experienced a decline in global knowledge revenue, down approximately 9.6% year over year.
- Total revenue for the second quarter was down 2.6% year over year, reflecting challenges in the market.
- Skillsoft Corp (SKIL) faced a significant impact from lower discretionary spending in the public sector, affecting its live learning offerings.
- The company's free cash flow for the quarter was negative, driven by normal seasonality and timing of collections and disbursements.
Thank you for standing by and welcome to SkillSoft's second quarter fiscal 2026 results conference call.
(Operator Instructions) Please note that today's call is being recorded (Operator Instructions).
I would now like to hand the conference over to your first speaker today, Steven Poe, Investor Relations. Thank you. Please go ahead.
Thank you, operator. Good day and thank you for joining us to discuss the results for the second quarter ending July 31, 2025.
Before we jump in, I want to remind you that today's call will contain forward-looking statements about the company's business outlook and our expectations that constitute forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995, including statements concerning financial and business trends, our expected future business and financial performance, financial condition, and market outlook.
These forward-looking statements and all statements that are not historical facts
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