Skillsoft

Apr 11, 2023

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Jan 31, 2023

Skillsoft Q4 2023 Earnings Report

Skillsoft's financial performance for Q4 2023 reflected revenue growth and strategic business repositioning.

Key Takeaways

Skillsoft reported a 3% year-over-year increase in GAAP revenue for the fourth quarter of fiscal year 2023, reaching $140 million. The company experienced a GAAP net loss of $53 million, but adjusted EBITDA from continuing operations was $22 million, representing 16% of GAAP revenue. Skillsoft Content segment Bookings grew 4% year-over-year on a constant currency basis.

Skillsoft Content segment Bookings grew 4% year-over-year on a constant currency basis.

GAAP Revenue for the fourth quarter grew 3% year-over-year, reaching $140 million.

GAAP Net Loss for the fourth quarter was $53 million.

Adjusted EBITDA from continuing operations was $22 million, representing a margin of 16% of GAAP Revenue.