Strong Growth in Research Segment
Research publishing delivered 7% growth driven by worldwide demand to publish, read, and license. Volume remains at record levels worldwide.
AI Licensing Revenue Success
Nearly $100 million of AI training revenue achieved in less than two years. Another licensing project was executed this quarter, contributing $6 million.
Earnings and Margin Expansion
Q2 adjusted operating margin increased by 250 basis points to 18.8%. Adjusted EBITDA grew 8%.
Increase in Share Repurchases
Share repurchases increased by 69% this quarter to $21 million. Total return to shareholders through buybacks and dividends is $73 million.
Operational Excellence and Cost Management
Corporate expenses reduced by 18% or $8 million, with a focus on technology transformation, cost discipline, and AI-driven productivity.