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SKIL — Skillsoft News Story

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Skillsoft Q2 revenue falls 3%, Adjusted EBITDA beats

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

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$129 mln
Q2 EPS-$2.78
Q2 Net IncomeMiss-$24 mln-$17.60 mln (1 Analyst)
Q2 Adjusted EBITDABeat$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.)

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