Earnings Call Summary | John Wiley & Sons-A(WLY.US) Q3 2024 Earnings Conference
Earnings Call Summary | John Wiley & Sons-A(WLY.US) Q3 2024 Earnings Conference
The following is a summary of the John Wiley & Sons, Inc. (WLY) Q3 2024 Earnings Call Transcript:
以下是约翰·威利父子公司（WLY）2024年第三季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
Wiley reported a cost savings of $130 million with 60% already actioned, resulting in increased in-year savings.
Full-year revenue is projected to sit within the mid- to high-range of their guidance.
Reported GAAP revenue fell by 6% due to the sale of the University Services business and a decrease in held-for-sale assets.
The quarter saw a 1% growth in adjusted EBITDA to $92 million.
A 27% decline in adjusted EPS was largely attributed to increased tax expenses and reduced adjusted operating income.
They are anticipating low single-digit revenue growth in fiscal 2025, which is expected to rise to low to mid-single digit in fiscal 2026.
Adjusted EBITDA and EPS guidance have been increased due to improved learning performance and higher cost savings.
Wiley报告节省了1.3亿美元的成本，其中60％已经付诸行动，从而增加了同比节省的成本。
预计全年收入将处于其预期的中高位范围内。
由于大学服务业务的出售和待售资产的减少，报告的GAAP收入下降了6％。
本季度调整后的息税折旧摊销前利润增长了1％，至9200万美元。
调整后每股收益下降27％主要归因于税收支出增加和调整后营业收入减少。
他们预计，2025财年的收入将保持较低的个位数增长，预计将在2026财年升至低至中等个位数。
由于学习成绩的提高和成本节约的增加，调整后的息税折旧摊销前利润和每股收益预期有所增加。
Business Progress:
业务进展：
The company has improved the organization and divested non-core assets.
Their focus has been on strengthening their brands and partnerships in Research and Learning sectors.
The company executed a $23 million content rights deal with a large tech company and is seeking out similar opportunities with other AI companies.
They plan to implement AI editing tools to improve the quality and speed of their journal content while reducing unit costs via process automation.
In attempts to improve operating and publishing efficiency, they are transitioning from multiple publishing platforms to one flagship submission and peer review experience.
They foretell an upward trend in adjusted revenue driven by Learning performance and an expected content rights deal in Q4.
The company plans to capitalize on Learning content for AI models and training engines, hoping to improve free cash flow in fiscal 2025 and again in 2026.
该公司改善了组织并剥离了非核心资产。
他们的重点一直是加强其在研究和学习领域的品牌和合作伙伴关系。
该公司与一家大型科技公司执行了2300万美元的内容版权协议，并正在与其他人工智能公司寻找类似的机会。
他们计划实施人工智能编辑工具，以提高期刊内容的质量和速度，同时通过流程自动化降低单位成本。
为了提高运营和发布效率，他们正在从多个发布平台过渡到一种旗舰提交和同行评审体验。
他们预计，在学习表现和第四季度预期的内容版权协议的推动下，调整后的收入将呈上升趋势。
该公司计划利用人工智能模型和训练引擎的学习内容，希望在2025财年和2026年再次改善自由现金流。
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