Skillsoft Q1 FY2025 revenue $128M (-6% YoY); net loss improves; reaffirms FY outlook

Skillsoft Corp.

Total GAAP revenue of $128M, down 6% YoY; Content & Platform flat at $98M; ILT revenue down 20% to $30M.
GAAP net loss improved to $28M ($3.42 loss per share) from $44M ($5.42) prior year.
Adjusted EBITDA of $19M (15% margin) vs $22M (16%) prior year; free cash flow positive $10M ($17M prior year).
LTM Content & Platform retention rate ~99% (vs ~101%); reaffirms FY2025 revenue $530M-$550M, EBITDA $105M-$110M.
Virtual Investor Day on July 11, 2024; Executive Chair cites market opportunity and go-to-market focus.

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