Expense Reductions and Resource Reallocation
Skillsoft achieved $45 million in annualized expense reductions, with 40% to 50% reinvested into the business, aiding in margin expansion.
New Customer Wins and AI Program Success
Skillsoft secured significant new customer wins, including a multiyear deal with a top 30 global brand and successful AI Accelerator program implementations.
Product Innovations Driving Efficiency
Introduced AI Coaching Assistant reducing plan completion time by 77%, new compliance suite improving NPS by 48%, and end-to-end certification paths.
Positive Free Cash Flow
Skillsoft delivered positive free cash flow of $4 million in Q3, driven by disciplined collections management.
Improved Profitability and Adjusted EBITDA
Adjusted EBITDA increased by $2 million year-over-year, reflecting a 23% margin, up by 150 basis points.