Skillsoft sees mid-term revenue growth 5%-7%

Sees mid-term adjusted EBITDA margin 23%-25% of revenue. Sees long-term revenue growth at least 10%. Sees long-term adjusted EBITDA margin 28%-30% of revenue. Richard Walker, Skillsoft’s CFO, said, “We are positioning the Company to lead in the most attractive parts of the talent development market. In the near-term, we are executing a comprehensive resource reallocation plan that will result in more than $45 million of annualized cost savings, of which we expect to reinvest up to half in our strategic growth initiatives. We have reaffirmed our Adjusted EBITDA outlook for fiscal year 2025, and we believe the actions we are taking will position the Company to grow profitably and generate positive Free Cash Flow in fiscal year 2026.” Walker continued, “Looking beyond our near-term outlook, we’ve also introduced mid-term and long-term financial targets with an expectation to deliver accelerated Revenue growth and enhanced profitability, resulting in Free Cash Flow conversion in excess of 50% in the long-term.”