Overview
Skillsoft fiscal Q2 revenue declines 3% yr/yr to $129 mln
Adjusted EBITDA largely flat yr/yr, but beats analysts' expectations
GAAP net loss narrows to $24 mln, but falls short of analysts' estimate
Outlook
Skillsoft revises full-year revenue guidance to $510 mln - $530 mln
Company expects full-year adjusted EBITDA of $112 mln - $118 mln
Economic uncertainty impacts discretionary spending on live training
Skillsoft to announce AI-based products in September
Result Drivers
TDS STABILITY - Talent Development Solutions segment revenue remained flat, marking the fourth consecutive quarter of growth in enterprise solutions
LIVE TRAINING WEAKNESS - Economic uncertainty led to weaker discretionary demand for live training, impacting overall revenue
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$129 mln
Q2 EPS
-$2.78
Q2 Net Income
Miss
-$24 mln
-$17.60 mln (1 Analyst)
Q2 Adjusted EBITDA
Beat
$28 mln
$25.10 mln (1 Analyst)
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the professional & business education peer group is "buy."
Press Release: ID:nBwJ6L3Ja
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)