Skillsoft Q2 revenue falls as consumer business slows
Skillsoft Q2 revenue falls as consumer business slows
Overview
AI-native skills management platform's fiscal Q2 revenue fell 3% yr/yr to $98.2 mln
Adjusted EBITDA for fiscal Q2 rose to $33 mln, margin improved to 34% of revenue
Company completed sale of Global Knowledge business, focusing on core platform
Outlook
Skillsoft now sees fiscal 2027 revenue at $380 mln–$390 mln, down from $388 mln–$406 mln
Company maintains fiscal 2027 adjusted EBITDA guidance at $108 mln–$116 mln
Skillsoft expects fiscal 2027 free cash flow of $14 mln–$22 mln, unchanged from prior forecast
Result Drivers
ENTERPRISE BUSINESS - Co said enterprise segment performed as planned, supported by healthy retention and growing platform adoption
AI-ENABLED PLATFORM - Co cited encouraging progress in customer engagement, early platform adoption and pipeline expansion, with new AI features such as LX Design Studio and AI Coach
CONSUMER BUSINESS PRESSURE - Co said accelerating pressure in the consumer business contributed to revised revenue outlook
Company press release: ID:nBw37Y1r8a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $98.20 mln |
|
Q2 Adjusted EPS | Beat | $1.17 | $0.83 (1 Analyst) |
Q2 Loss Per Share |
| $1.67 |
|
Q2 Net Loss |
| $15 mln |
|
Q2 Adjusted EBITDA | Beat | $33 mln | $27 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."
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(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.)
Recent news on Skillsoft
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Skillsoft Q2 revenue falls as consumer business slows
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