ADDED
Form 10-K Summary 120 SIGNATURES 121 2 I ndex Cautionary Notice Regarding Forward-Looking Statements Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This report contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition, and results of operations.
Wiley is a predominantly digital company with 83% of its Adjusted Revenue for fiscal year 2025 generated by digital products and services.
For fiscal year 2025, 48% of Adjusted Revenue is recurring which includes revenue that is contractually obligated or set to recur with a high degree of certainty.
See Part II, Item 7, Management s Discussion and Analysis of Financial Condition and Results of Operations in the section Consolidated Results of Operations of this Annual Report on Form 10-K for the reconciliation of consolidated Revenue to Adjusted Revenue.
We report financial information for the following reportable segments, as well as a Corporate category, which includes certain costs that are not allocated to the reportable segments: Research includes the reporting lines of Research Publishing and Research Solutions; Learning includes the Academic and Professional reporting lines and consists of publishing, courseware, and assessments.
Wiley also reports a Held for Sale or Sold segment, which primarily includes non-core businesses which were classified as held-for-sale until the date of sale, as well other businesses which were sold as described further below.
Our operations are primarily located in the United States (US) and the United Kingdom (UK), with smaller offices in Sri Lanka, Germany, and India.
In the year ended April 30, 2025, approximately 49% of our consolidated revenue was from outside the US.
Wiley s business strategies are tightly aligned with consistent long-term growth trends, including ever-increasing global research and development (R D) investment, leading to growth in scientific research output and the number of institutions and researchers worldwide.
These strategies include expanding our publishing program and journal portfolio to meet the global demand for peer-reviewed research, driving additional value in our subscription-based models for universities and corporations, volume-based models for open access, content licensing opportunities for applications in science and innovation, and content platform and service offerings for corporations and societies.
REMOVED
Form 10-K Summary 137 SIGNATURES 138 2 Index Cautionary Notice Regarding Forward-Looking Statements Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This report contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition, and results of operations.
Wiley empowers knowledge seekers to transform today s biggest obstacles into tomorrow s brightest opportunities.
For more than two centuries, the Company has been delivering on its timeless mission to unlock human potential.
Wiley is a predominantly digital company with over 83% of its revenue for fiscal year 2024 generated by digital products and services excluding the Held for Sale or Sold segment revenue.
For fiscal year 2024, 48% of revenue excluding the Held for Sale or Sold segment revenue is recurring which includes revenue that is contractually obligated or set to recur with a high degree of certainty.
On June 1, 2023, Wiley s Board of Directors approved a plan to divest certain businesses that we determined are non-core businesses.
Those businesses are University Services, Wiley Edge, and CrossKnowledge.
On January 1, 2024 we completed the sale of University Services.
The sale of Wiley Edge, with the exception of its India operation, was completed on May 31, 2024.
The sale of Wiley Edge s India operation will be finalized later in calendar year 2024.