Record Operating Margin Improvement
The company reported a 280 basis point improvement in operating margin and a 50 basis point improvement in adjusted EBITDA margin over the prior year.
Research Growth and AI Licensing
Research revenue increased by 5% in the quarter, driven by core growth in research and AI licensing.
Strategic AI Licensing Agreements
Year-to-date, the company has generated $30 million in AI licensing revenue, with a new $9 million agreement in Q3.
Expansion in Emerging Markets
Executed multiyear agreements in India and Brazil, expanding access to research for millions of researchers and students.
Free Cash Flow and Financial Outlook
Free cash flow shows strong recovery, expected to meet guidance of approximately $125 million for fiscal 2025.