John Wiley Sons Inc (WLY) Q3 2025 Earnings Report

Key QQ3 2025 metrics and year-over-year/quarter-over-quarter trends:
- Revenue: $404.626 million; YoY change: -12.17%; QoQ change: -5.15%
- Gross Profit: $300.407 million; Gross Margin: 74.24%; YoY: -1.03%; QoQ: -6.00%
- Operating Income: $51.831 million; Operating Margin: 12.81%; YoY: +3.35%; QoQ: -19.18%
- EBITDA: $70.373 million; EBITDA Margin: 17.39%
- Net Income: $-22.955 million; Net Margin: -5.67%; YoY: +79.84%; QoQ: -156.74%
- EPS (diluted): -$0.43; YoY: +79.33%; QoQ: -157.33%
- Adjusted EBITDA Margin: 22.30%; Adjusted Operating Margin: 13.30%
- Cash flow: Operating cash flow $146.242 million; Free cash flow $124.859 million
- Balance sheet: Total assets $2.600B; Total debt $988.776 million; Net debt $884.266 million; Cash at end $104.56 million
- Recurring revenue contribution: Approximately 75% in Research; AI licensing revenue YTD $30 million; Q3 incremental AI revenue $9 million (Research)
- Renewal activity: 80% of the calendar 2025 renewal season completed; Open access momentum noted
- Dividends/Capital allocation: Share repurchases of about $10 million in the quarter; dividends paid ~ $18.98 million