HOBOKEN, N.J. - Shares of John Wiley & Sons, Inc. (NYSE: WLY) soared 12.39% following the release of their first quarter earnings, which exceeded analyst expectations. The publisher reported an impressive Q1 adjusted EPS of $1.21, significantly outperforming the analyst estimate of $0.81. Revenue also surpassed forecasts, coming in at $468.46 million against the anticipated $438.7 million.
The company's robust performance is attributed to their confident outlook for FY2025, with projected EPS in the range of $3.25 to $3.60, comfortably ahead of the consensus estimate of $3.10. Revenue forecasts for FY2025 are set between $1.65 billion and $1.69 billion, aligning with analysts' expectations of $1.652 billion.
Matthew Kissner, Interim President and CEO, expressed optimism about the company's direction, citing strong demand in Research and Learning as well as significant interest in Wiley's content for training AI and machine learning models. The company's disciplined execution has led to exceeding earnings guidance and accelerating cost savings, positioning Wiley for continued margin expansion and robust cash generation.
The company's transition year saw strategic divestitures and restructuring, leading to a reported GAAP revenue decline of 11% YoY. However, the adjusted results at constant currency showed a 4% increase in revenue, a 7% rise in adjusted EBITDA, and a 2% growth in adjusted EPS. Wiley's Learning segment, in particular, benefited from a $23 million content rights project for GenAI large language models, contributing to an 18% increase in revenue for the quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.