Skillsoft Q1 FY2024: Content & Platform bookings +9% CC, GAAP revenue $136M, net loss $44M

Skillsoft Corp.

GAAP revenue $136M (+1% YoY); Content & Platform segment revenue $99M (+10%), Instructor-Led $37M (-18%).
GAAP net loss $44M vs $22M loss prior year; Adjusted EBITDA $22M, up 13% pro forma constant currency, margin 16%.
LTM Content & Platform Dollar Retention Rate improved to 101% from 98%; quarterly rate was 108%.
Repurchased 4.4 million shares under $30M buyback program; ended quarter with $178M cash.
Full-year FY2024 outlook reaffirmed: bookings $610-640M, revenue $555-585M, Adjusted EBITDA $100-105M.

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