Wiley reorganizes segments; FY23 Research rev $1.08B, Learning $546M, divesting non-core

JOHN WILEY & SONS, INC.

New segments: Research (unchanged), Learning (Academic + Professional), Held for Sale or Sold (University Services, Wiley Edge, CrossKnowledge).
FY23 consolidated revenue $2.02B (-3% YoY); adjusted revenue (ex-Held for Sale) $1.63B.
FY23 non-GAAP adjusted EPS $3.48 vs $3.75 in FY22, down 7%.
Research contribution profit $282M, adjusted EBITDA $377M; Learning contribution profit $92M.
Held for Sale segment had negative contribution profit of $109M including $100M goodwill impairment.

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