Wiley posts small revenue rise for 2020

Wiley posts small revenue rise for 2020

Wiley has reported revenue of $1,831m (£1,449.5m) for the fiscal year to the end of April 2020, up 2% from 2019's $1,800m (£1,425m), up 3% at constant currency.

However, excluding acquisitions and currency impact, revenue was down 1% for the year.

Wiley spent $230m (£182m) on acquisitions during the year, including tech education company mthree, digital courseware company zybooks, Knewton and researcher career centre Madgex.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for 2020 was down 8% to $355.8m (£281.8m).

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