John Wiley & Sons Reports $1.68 Billion Revenue, 10% Decrease, but Increased Operating Income

John Wiley & Sons, Inc. reported a revenue of $1.68 billion for the fiscal year ending April 30, 2025, reflecting a 10% decrease from the previous year’s $1.87 billion. This decline was primarily attributed to the divestiture of several non-core businesses, including University Services and Wiley Edge, which collectively accounted for a significant portion of the revenue loss. However, on a constant currency basis, the company achieved an adjusted revenue increase of 3%, reaching approximately $1.66 billion, driven by growth in its digital products and services, which constituted 83% of total adjusted revenue.

The company’s operating income saw a substantial increase to $221.4 million, up from $52.3 million in the prior year, largely due to reduced costs associated with the divested businesses and lower operating expenses. Adjusted operating income rose by 29% to $250.5 million, while adjusted EBITDA increased by 8% to $397.7 million. The diluted earnings per share improved significantly to $1.53, compared to a loss of $3.65 in the previous year, reflecting the operational efficiencies gained through restructuring efforts.

Strategically, Wiley has focused on enhancing its digital offerings and expanding its research publishing segment, which generated $1.08 billion in revenue, a 3% increase from the prior year. The company reported that 48% of its adjusted revenue was recurring, indicating a stable revenue stream from subscriptions and contracts. Additionally, Wiley's AI licensing revenue grew to $40 million, up from $23 million in the previous year, highlighting the company's investment in technology and innovation.

Operationally, Wiley employed approximately 5,200 colleagues globally as of April 30, 2025. The company has been actively restructuring its operations to align with market demands, resulting in a 35% reduction in real estate occupancy. The divestitures completed in the past fiscal year have allowed Wiley to streamline its focus on core business areas, which is expected to yield annualized cost savings of around $100 million. Looking ahead, Wiley anticipates continued growth in its digital and research segments, supported by ongoing investments in technology and product development, while navigating potential challenges from market conditions and competition.