John Wiley & Sons Inc. expects revenue in its Learning segment to decline, though the rate of decline is anticipated to moderate as inventory levels stabilize. The company is prioritizing areas with growth potential, such as inclusive access and other digital offerings. Despite continued demand for learning content utilized in large language model (LLM) training, revenue from these sources remains difficult to project. Wiley is taking steps to mitigate the impact on its top line through operating efficiencies and cost-saving actions. The company reported that print declines are offsetting digital growth in Learning, with softness in both consumer and corporate spending, as well as enrollment challenges in certain disciplines. However, improvements in operating margin and reduced corporate expenses have contributed to strong earnings growth and enhanced free cash flow for the period.