Skillsoft Q3: Revenue $137M, adj. EBITDA $32M (23% margin); raises FY25 revenue guidance

Skillsoft Corp.

Total revenue of $137M vs $139M prior year; Talent Development Solutions revenue up 2% to $103M, Global Knowledge revenue $34M vs $38M.
Net loss improved to $24M ($2.86 per share) from $28M ($3.45 per share) prior year; Adjusted net loss per share improved to $1.82 from $2.82.
Adjusted EBITDA from continuing operations of $32M (23% margin), up from $30M (21% margin) in prior year.
FY2025 revenue guidance raised and tightened to $520M-$530M; adjusted EBITDA reaffirmed at $105M-$110M.
Gross debt reduced to $591M from $626M; cash and equivalents $102M; generated positive free cash flow in quarter.

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