Higher Education Revenue Growth
Higher Education revenue expanded 14% year-over-year, with digital revenue growing 18.4%. Market share rose 160 basis points to 30%.
Digital Revenue Expansion
Digital revenue increased by 7.6% year-over-year to $352 million, representing 53% of total revenue.
Adjusted EBITDA Growth
Adjusted EBITDA reached $286 million, yielding a margin of 43%, up 60 basis points from the previous year.
Inclusive Access Growth
Inclusive Access sales grew 37% year-over-year, now adopted by nearly 2,000 campuses.
Strong Cash Flow and Debt Reduction
$542 million in term loan debt prepaid year-to-date, resulting in over $40 million in annualized cash interest savings.