Cengage Learning Holdings II ( (CNGO) ) has released its Q3 earnings. Here is a breakdown of the information Cengage Learning Holdings II presented to its investors.
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Cengage Learning Holdings II, Inc., a global educational technology company, provides digital content and tools to students, educators, and professionals worldwide, focusing on academic, career, and skills education. In its latest earnings report for the fiscal quarter ending December 31, 2024, Cengage announced continued growth in revenue and EBITDA despite certain challenges in specific segments. The overall adjusted cash revenue slightly decreased while digital net sales saw a significant increase, reflecting the company’s shift towards digital offerings. The company reported a 13% growth in adjusted cash EBITDA with a notable margin expansion to 32%. Noteworthy highlights include a 15% growth in Cengage Work, driven by strong enrollment, and strategic initiatives like the acquisition of Visible Body. Looking forward, Cengage aims to sustain its growth trajectory, targeting a fifth consecutive year of revenue and EBITDA growth, with further margin expansion anticipated for fiscal year 2026.