Wiley Reports $386.4 Million Revenue and $11.7 Million First-Quarter Loss

Wiley (WLY) reported fiscal first-quarter revenue of $386.4 million for the three months ended July 31, 2026, down 3% from $396.8 million a year earlier. The company posted a GAAP net loss of $11.7 million, or $0.23 per diluted share, compared with net income of $11.7 million, or $0.22 per diluted share, in the prior-year quarter.

Wiley said restructuring charges and acquisition and integration costs affected GAAP results. The company reaffirmed its fiscal 2027 outlook following its June acquisition of Emerald Publishing.

• Research revenue rose 4% to $293 million, including a $13 million contribution from Emerald over two months.
• Learning revenue declined 19% to $93 million, reflecting prior-year AI licensing comparisons and softer consumer and corporate spending.
• Wiley reported $14 million in AI licensing revenue during the quarter.
• Net debt was $1.185 billion at quarter end, compared with $746 million a year earlier, following the Emerald acquisition.
• The company allocated $33 million to dividends and share repurchases, including $15 million for share repurchases.
• Fiscal 2027 outlook calls for adjusted EBITDA margin of 26.5% to 27.5%, adjusted EPS of $4.60 to $5.05, and free cash flow of $205 million.