John Wiley & Sons (WLY) saw its stock price plummet by 5.33% during intraday trading on Thursday, as investors reacted to the company's announcement of a revenue decline in its Learning segment.

The company expects revenue in its Learning segment to decline, though the rate of decline is anticipated to moderate. Print declines are offsetting digital growth, with softness in consumer and corporate spending, as well as enrollment challenges in certain disciplines. Despite improvements in operating margin and cost-saving actions, the revenue outlook appears to have weighed on investor sentiment.

Additionally, Wiley reported a decline in Q2 revenue to $421.8 million from $426.6 million a year earlier, despite a rise in adjusted earnings. The company maintained its 2026 guidance, but the market reaction suggests concerns over future growth prospects.