Wiley Q4 2020 Earnings Report
Key Takeaways
Wiley's Q4 2020 GAAP revenue was $475 million, a 3% decrease, with an EPS of -$2.83. Adjusted revenue decreased by 2%, EBITDA by 23%, and EPS by 44%, primarily due to the impact of COVID-19. The company saw strong growth in Open Access research publishing and digital courseware.
Revenue of $475 million (-3%) and EPS of -$2.83, primarily due to impact of unusual items totalling -$3.49 per share, including non-cash goodwill and trade name impairments
Revenue -2%, EBITDA -23%, and EPS -44%, mainly reflecting the COVID-19 impact on print books, test prep, and corporate training
Strong momentum in Open Access research publishing and digital courseware
Addition of four new university partners in Education Services (Drake University, University of Iowa, Methodist University, and Point University)
Wiley
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Wiley Revenue by Segment
Forward Guidance
Wiley cannot confidently predict the extent or duration of the impact of the pandemic on its operating results and is therefore not providing a fiscal year 2021 outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income