Wiley posts $386M Q1 revenue amid shifting demand conditions

• Wiley (NYSE:WLY) reported first quarter fiscal 2027 revenue of $386 million, down 3% year over year.
• Research revenue increased 4%, while adjusted operating income declined 9% to $31 million.
• Wiley expanded AI data initiatives, reduced corporate expenses by 19%, and returned $33 million through dividends and share repurchases.

Wiley (NYSE:WLY) reported first quarter fiscal 2027 results with revenue of $386 million, down 3% year over year, while research operations recorded growth and adjusted earnings declined due to lower revenue and higher costs.

The revenue decline compared with $397 million in the prior-year period, with Research growth and contributions from the Emerald acquisition offset by prior-year AI licensing revenue of $29 million and weaker Learning market conditions.

Wiley reported adjusted operating income of $31 million, down 9%, and adjusted EBITDA of $68 million, down 4%, while adjusted EPS declined 10% to $0.44, partly affected by higher net interest expense related to the acquisition.

The company reported GAAP operating income of $3 million compared with $31 million a year earlier and GAAP diluted EPS of negative $0.23 compared with $0.22, mainly due to restructuring charges and acquisition-related costs.

Wiley reported that AI licensing revenue reached $14 million during the quarter, while the company expanded its AI and data analytics pipeline across model training, commercial licensing, and subscription knowledge feeds.

Wiley provides scientific research, education, and learning content, with its Research Publishing business growing 12% during the quarter including contributions from the Emerald acquisition, while the company continued technology transformation and restructuring efforts.