Wiley reported a strong first quarter with revenue of $488 million, a 13% increase compared to the previous year. Operating income increased by 36% to $41 million. Adjusted EPS was $0.54, up 17% at constant currency.
Revenue of $488 million (+13%) and Operating Income of $41 million (+36%).
Adjusted revenue of $488 million (+9%), Adjusted EBITDA of $95 million (+12%), and Adjusted EPS of $0.54 (+17%) at constant currency.
Research Publishing & Platforms rose 14% as reported, 10% at constant currency, and 5% excluding acquisitions.
Academic & Professional Learning grew 10% as reported and 7% at constant currency, driven by strong growth in digital courseware and professional publishing.
The Company is reaffirming its full year outlook and adding the newly defined Adjusted EPS metric. Wiley will discontinue reporting on the former Adjusted EPS metric.
Visualization of income flow from segment revenue to net income