John Wiley Sons Cl ( (WLY) ) has released its Q1 earnings. Here is a breakdown of the information John Wiley Sons Cl presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
John Wiley & Sons, Inc., a global leader in providing authoritative content and data-driven insights for science and learning, has reported its first-quarter results for 2026, highlighting the impact of AI demand on its performance.
In the first quarter of fiscal 2026, Wiley reported a revenue of $397 million, a slight decrease from the previous year due to divestitures, but saw a 7% increase in operating income and a significant improvement in diluted earnings per share, which rose to $0.22 from a loss of $0.03 in the prior year. The company also highlighted its strategic partnerships and AI licensing projects as key drivers of growth.
Key financial metrics for the quarter included a 5% increase in research revenue, driven by AI licensing and open access growth, and a strategic partnership with Anthropic to enhance AI integration in scholarly research. Despite a decline in learning revenue by 7%, Wiley increased its dividend for the 32nd consecutive year and expanded its share repurchase authorization by 25%.
Looking forward, Wiley’s management remains confident in its fiscal 2026 outlook, supported by strong demand trends in research and AI, as well as anticipated cost savings. The company aims to continue leveraging its leadership in AI licensing and innovation to drive future growth.