John Wiley & Sons, Inc. reported its financial results for the three months ended July 31, 2025, revealing a consolidated revenue of $396.8 million, a decrease of 2% compared to $403.8 million in the same period last year. The decline in revenue was attributed to the divestiture of certain businesses, including Wiley Edge and CrossKnowledge. However, the company experienced an increase in operating income, which rose by 7% to $31.0 million, and a significant turnaround in net income, which reached $11.7 million compared to a net loss of $1.4 million in the prior year. Diluted earnings per share improved to $0.22 from a loss of $0.03.
In terms of operational metrics, Wiley's Research segment saw revenue growth of 6% year-over-year, driven by a substantial increase in artificial intelligence (AI) license revenue, which rose to $28.9 million from $17.2 million. The Learning segment, however, faced challenges, with total revenue declining by 7% to $115.1 million, primarily due to lower licensing revenue and market-related softness. The company reported a total of 53.4 million weighted average shares outstanding for the quarter, with a diluted earnings per share of $0.22.
Wiley's strategic initiatives included the continuation of its Global Restructuring Program, which aims to optimize its cost structure and enhance profitability. The program has led to a reduction in real estate occupancy by approximately 35% and is expected to yield annualized cost savings of around $105 million, primarily from actions taken starting in fiscal year 2024. The company also recorded restructuring and related charges of $3.0 million during the quarter, down from $3.9 million in the previous year.
The company’s balance sheet showed total assets of $2.5 billion as of July 31, 2025, down from $2.7 billion at the end of the previous fiscal year. Total liabilities decreased to $1.8 billion, with a notable reduction in current liabilities from $820.9 million to $648.8 million, largely due to a decrease in contract liabilities. Wiley's cash and cash equivalents stood at $81.9 million, with approximately all of it located outside the U.S.
Looking ahead, Wiley remains focused on leveraging its digital offerings, with over 83% of its adjusted revenue for the year ended April 30, 2025, generated from digital products and services. The company anticipates continued growth in its Research segment, driven by increasing global research and development investments. However, it also acknowledges the challenges in the Learning segment and the need to adapt to changing market conditions.
About JOHN WILEY & SONS, INC.
Wiley is a global publisher and leader in research and education, offering digital content, journals, books, courseware, and assessment services across scientific, technical, medical, and professional fields. Serving researchers, students, and professionals worldwide, Wiley's core value lies in providing innovative, high-quality knowledge networks and platforms that support research dissemination, learning, and professional development through subscription, licensing, and open access models.
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