NYSE$WLY
John Wiley & Sons Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported mixed results with revenue decline due to divestitures, offset by growth in Research and Learning, and raised full-year earnings guidance.
Wiley's Q3 2024 results showed a GAAP revenue decline of 6% to $461 million, impacted by divestitures and held-for-sale businesses. However, adjusted revenue, excluding these businesses, increased by 1% to $403 million. The company raised its full-year adjusted EBITDA and EPS guidance, reflecting confidence in underlying momentum and cost savings.
- GAAP revenue decreased by 6% to $461 million, influenced by divestitures and businesses held for sale.
- Adjusted revenue, excluding held-for-sale or sold businesses, rose by 1% to $403 million.
- Research segment revenue increased by 1% as reported, driven by open access growth.
- Learning segment revenue grew by 2%, led by a 5% increase in Academic revenue.
Headline financials
Revenue & EPS history
Wiley · Revenue · Quarterly
$461M
Revenue by segment
Wiley · $407M total across 2 segments · Q2 2024
- Research$258M-4.9%63.4%
- Learning$149M-2.4%36.6%
Forward guidance
Wiley anticipates revenue trending toward the mid-to-high end of its previously stated range and has raised its Adjusted EBITDA and Adjusted EPS guidance for fiscal year 2024.
Tailwinds
- Revenue trending toward mid-to-high end of $1,580 to $1,630 million range
- Adjusted EBITDA raised to $335 to $355 million
- Adjusted EPS raised to $2.45 to $2.65
- Leading indicators suggest continued positive momentum.
- Anticipated Q4 content rights deal for training AI models will augment Learning segment performance.
Headwinds
- Unspecified variability, complexity, and low visibility with respect to certain items
- Restructuring charges and credits
- Gains and losses on foreign currency
- Other gains and losses
- Worldwide economic and political conditions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
-1.0%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+0.7%
Avg return
30 days after
44%
18 / 41 earnings
Positive
+15.1%
Q3 2025
Best reaction
-17.4%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +4.1% | +7.8% | — | |
| Q3 2026 | +13.9% | +20.2% | +28.2% | |
| Q2 2026 | -9.4% | -18.6% | -22.1% | |
| Q1 2026 | -4.1% | +5.2% | +0.5% | |
| Q4 2025 | +0.0% | +12.7% | +12.4% | |
| Q3 2025 | +15.1% | +23.3% | +10.8% | |
| Q2 2025 | -7.5% | -7.1% | -13.2% | |
| Q1 2025 | -9.3% | -9.8% | +5.6% | |
| Q4 2024 | +11.4% | +9.3% | +26.5% | |
| Q3 2024 | +11.5% | +12.8% | +15.9% | |
| Q2 2024 | -0.3% | +1.2% | +2.3% | |
| Q1 2024 | +1.5% | +2.3% | -2.1% | |
| Q4 2023 | -11.4% | -10.8% | -5.7% | |
| Q3 2023 | -17.4% | -18.6% | -12.8% | |
| Q2 2023 | -5.2% | -7.8% | -6.4% | |
| Q1 2023 | -9.8% | +0.8% | -19.4% | |
| Q4 2022 | +0.4% | +7.2% | +10.5% | |
| Q3 2022 | -0.7% | +3.6% | +4.6% | |
| Q2 2022 | +0.1% | +0.3% | +1.8% | |
| Q1 2022 | -1.1% | +2.0% | -9.1% | |
| Q4 2021 | -4.9% | -12.0% | -8.3% | |
| Q3 2021 | -0.5% | +7.5% | +8.4% | |
| Q2 2021 | +13.8% | +18.8% | +31.4% | |
| Q1 2021 | +5.1% | +3.6% | +4.1% | |
| Q4 2020 | -11.5% | -0.3% | -12.7% | |
| Q3 2020 | +5.4% | +2.1% | -2.2% | |
| Q2 2020 | +1.8% | +2.3% | +1.7% | |
| Q1 2020 | -4.6% | -1.3% | -3.6% | |
| Q4 2019 | +5.1% | +5.8% | +4.0% | |
| Q3 2019 | -16.4% | -13.6% | -13.5% | |
| Q2 2019 | +0.0% | -6.0% | -10.3% | |
| Q1 2019 | -11.0% | -11.8% | -5.1% | |
| Q4 2018 | +2.8% | -1.5% | -4.4% | |
| Q3 2018 | +0.7% | +0.0% | -0.8% | |
| Q2 2018 | +2.7% | +7.2% | +13.1% | |
| Q1 2018 | -2.7% | -2.1% | -1.2% | |
| Q4 2017 | +4.6% | +2.3% | +1.3% | |
| Q3 2017 | -1.1% | +1.1% | +0.6% | |
| Q2 2017 | +2.7% | +3.2% | +0.9% | |
| Q1 2017 | -6.8% | -14.4% | -12.2% | |
| Q4 2016 | -6.4% | -3.5% | +6.8% | |
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