WLY - Publishing Company Wiley's Stock Surges As Q1 Beat Expectations | Benzinga
John Wiley & Sons Inc (NYSE: WLY) reported a first-quarter FY24 revenue decline of 7.5% year-over-year to $451.01 million, beating the consensus of $360.90 million.
Adjusted Revenue fell 8% Y/Y to $367 million. The decline was due to the Hindawi publishing pause and macro headwinds impacting WLY's corporate advertising and recruitment offerings.
Revenue from Research fell 6% Y/Y, Learning declined 9% Y/Y, while Businesses Held for Sale revenue was down 10%.
Adjusted EPS was $0.27, down from ...