Wiley Reports First Quarter 2024 Results
*GAAP Results: Revenue of $451 million (-7%), Operating loss of -$16 million (+4%), and EPS loss of -$1.67 (-$1.35). GAAP earnings impacted by impairment charges totalling $103 million, including non-cash goodwill and assets held-for-sale impairment and loss on sale of a business. “Our Q1 performance was as expected as we continue to execute on our plans and position Wiley for the future,” said Brian Napack, President and CEO. “While Research was down due to an unusual publishing pause in the second half of last year, we are seeing underlying strength and momentum returning, including growing article volumes, higher journal impact scores, and new partner signings. We are making steady progress on our transition and recently streamlined Wiley into one focused, market-facing team to better leverage our collective strength and drive operating leverage.”