Skillsoft Stock Falls as Softer Discretionary Spending Hits Sales

Dow Jones

Jun 11

By Kelly Cloonan

Shares of Skillsoft declined after the company logged a wider loss and lower revenue in the first quarter as less discretionary spending weighed on sales in its global knowledge segment.

The stock fell 8.9% to $16.60 Tuesday. Shares have declined 31% so far this year.

The education-software company on Monday posted a loss of $38 million, or $4.57 a share, compared with a loss of $27.6 million, or $3.42 a share, a year earlier.

Adjusted earnings per share were 30 cents.

Revenue fell 3% to $124.2 million.

Sales in the company's global knowledge segment declined 16%, more than offsetting a 1% rise in its talent development solutions unit. Chief Executive Ron Hovsepian said a challenging economic environment and softer discretionary spending disproportionately impacts its global knowledge business segment.

The company backed its outlook for the fiscal year, guiding for sales of $530 million to $545 million and adjusted earnings before interest, taxes, depreciation, and amortization of $112 million to $118 million.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 10, 2025 12:08 ET (16:08 GMT)

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Chief Executive Ron Hovsepian said a challenging economic environment and softer discretionary spending disproportionately impacts its global knowledge business segment.The company backed its outlook for the fiscal year, guiding for sales of $530 million to $545 million and adjusted earnings before interest, taxes, depreciation, and amortization of $112 million to $118 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SKIL":"Skillsoft Corp."},"translate_title":"由于可自由支配支出疲软影响销售，Skillsoft股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKIL":0.9},"content_text":"By Kelly Cloonan \n\n\n \n\n\n  Shares of Skillsoft declined after the company logged a wider loss and lower revenue in the first quarter as less discretionary spending weighed on sales in its global knowledge segment. \n\n\n  The stock fell 8.9% to $16.60 Tuesday. Shares have declined 31% so far this year. \n\n\n  The education-software company on Monday posted a loss of $38 million, or $4.57 a share, compared with a loss of $27.6 million, or $3.42 a share, a year earlier. \n\n\n  Adjusted earnings per share were 30 cents. \n\n\n  Revenue fell 3% to $124.2 million. \n\n\n  Sales in the company's global knowledge segment declined 16%, more than offsetting a 1% rise in its talent development solutions unit. Chief Executive Ron Hovsepian said a challenging economic environment and softer discretionary spending disproportionately impacts its global knowledge business segment. \n\n\n  The company backed its outlook for the fiscal year, guiding for sales of $530 million to $545 million and adjusted earnings before interest, taxes, depreciation, and amortization of $112 million to $118 million. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 10, 2025 12:08 ET (16:08 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}