Skillsoft Corp. reported financial results for the third quarter of fiscal 2026, showcasing key metrics and performance indicators for the period.
The company faced challenges with revenue declines in certain segments, particularly Global Knowledge (GK), while investing in AI innovation and product development.
Leadership highlighted the strategic review of GK and the launch of the Skillsoft Percipio Platform as key initiatives impacting the company's performance.
Financial Performance
Total revenue down 6%, Net Loss increased, Adjusted EBITDA at $28 million with a 22% margin.
Segment Revenue
Talent Development Solutions (TDS) revenue down 2%, GK revenue down 18% compared to the previous year.
Strategic Initiatives
Focus on AI innovation, launch of Skillsoft Percipio Platform, and review of strategic alternatives for the GK segment.
Operational Highlights
LTM DRR at 99%, enhanced cost structure, and TDS federal business showing recovery with a DRR of 104%.
- Skillsoft faced challenges with revenue declines, notably in the Global Knowledge segment, impacting overall financial performance.
- The company's strategic initiatives, including AI innovation and the launch of the Skillsoft Percipio Platform, aim to drive future growth and enhance value for customers.
Skillsoft's financial results reflect a mixed performance in the third quarter of fiscal 2026, with revenue declines in certain segments overshadowing progress in AI innovation and product development. The strategic review of the Global Knowledge segment signals potential changes ahead for the company's business focus.