The company delivered $1.6 billion in billings and nearly $1 billion in digital billings in the year-to-date period
Performance fueled by market share gains in Higher Education and double-digit platform activation growth
COLUMBUS, Ohio, Feb. 13, 2024 /PRNewswire/ — McGraw Hill, a leading global education company, today reported financial results for the nine months ended December 31, 2023, with $1.6 billion in year-to-date (YTD) billings and $638 million in Adjusted EBITDA. YTD billings declined 8% compared to the prior year largely due to an anticipated smaller U.S. K-12 adoption market opportunity with billings growth of 5% across the rest of the business.
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