Q2 2025 John Wiley & Sons Inc Earnings Call Transcript
Key Points
- Revenue growth was driven primarily by the learning segment, which saw favorable market conditions across both academic and professional sectors.
- Margin expansion and EPS growth were notable this quarter, with adjusted EBITDA and adjusted EPS up 17% and 47%, respectively.
- The company is seeing AI-related tailwinds and has a healthy pipeline of pharma and other R&D-centric companies exploring content and data for AI applications.
- John Wiley & Sons Inc (WLY) has successfully completed all divestitures, allowing for a more focused business strategy.
- The Indian government's approval of a One Nation One Subscription program is expected to significantly expand access to Wiley's journal content, potentially boosting subscription revenue.
- Research growth was modest, with a 1% increase, partially offset by a large year-on-year decline in legacy print and licensing revenue.
- The GAAP revenue decline was impacted by foregone revenue from sold businesses.
- The company anticipates an uneven second half, with Q3 expected to be challenged due to seasonal fluctuations and current year investments.
- Legacy revenue performance was uneven, largely due to unfavorable comparisons with a one-time backfile deal in the prior year.
- The corporate expenses were flat or slightly up year-to-date, with higher tech spending offsetting cost savings.
Good morning, and welcome to Wiley's Q2 fiscal 2025 earnings call. As a reminder, this conference is being recorded.
At this time, I'd like to introduce Wiley's Vice President of Investor Relations, Brian Campbell. Please go ahead.
Thank you, and hello, everyone. I'm with Matt Kissner, Wiley's President and CEO; Christopher Caridi, Interim CFO; and Jay Flynn, Executive Vice President and General Manager of Research and Learning. Note that our comments and responses reflect management's views as of today and will include forward-looking statements. Actual results may differ materially from those statements. The company does not undertake any obligation to update them to reflect subsequent events.
Also, Wiley provides non-GAAP measures as a supplement to evaluate underlying operating profitability and performance trends. These measures do not have standardized meanings prescribed by US GAAP and therefore may not be comparable to similar measures used by
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