John Wiley & Sons Inc. reported its fiscal 2025 results, highlighting a significant improvement in financial performance. The company achieved an operating income of $221 million, up from $52 million the previous year, with diluted earnings per share $(EPS)$ increasing to $1.53 from a loss of $3.65. Full-year reported revenue was $1.678 billion, down from $1.873 billion due to revenue foregone from divested businesses. However, adjusted revenue, excluding divestitures, grew by 3% at constant currency. The company's research segment showed resilience, with Q4 research revenue climbing by 4% as reported and 3% at constant currency, benefiting from growth in recurring revenue publishing models and open access. The adjusted EBITDA margin for research in Q4 rose modestly to 34.7%. Wiley exceeded its adjusted EPS guidance and significantly expanded its profit margins. The company also raised its adjusted EBITDA margin target to a range of 25.5% to 26.5%, driven by cost savings, efficiency gains, and revenue growth. Free cash flow increased by 10% to $126 million, supported by expected adjusted EBITDA growth, lower restructuring payments, and favorable working capital.
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