Aankondiging • May 04
Pearson plc Approves to Elect Simon Robson as Director, Effective 8 May 2026 Pearson plc approved to elect Simon Robson as director with effect from 8 May 2026. Aankondiging • Mar 26
Pearson plc, Annual General Meeting, May 01, 2026 Pearson plc, Annual General Meeting, May 01, 2026. Location: the companys registered office, 80 strand, wc2r 0rl, london United Kingdom Aankondiging • Jan 14
Pearson plc to Report Fiscal Year 2025 Results on Feb 27, 2026 Pearson plc announced that they will report fiscal year 2025 results on Feb 27, 2026 Aankondiging • Dec 05
Pearson plc Appoints Costis Maglaras to Audit Committee and the Reputation & Responsibility Committee, Effective from January 1, 2026 Pearson PLC announced the following changes to the membership of its Board Committees. Costis Maglaras, Non-Executive Director, will be appointed to the Audit Committee and the Reputation & Responsibility Committee with effect from January 1, 2026. Aankondiging • Nov 19
Pearson Launches AI-Powered Communication Coach to Transform Everyday Work into Continuous Learning Pearson announced the launch of Communication Coach, an AI-powered learning product developed as part of the company's co-innovation efforts with Microsoft. Integrated into Microsoft 365, Communication Coach is designed to improve the communication ability of both native English and non-native English speakers and can be adapted to any level of professional looking to improve their communication skills. Pearson's Communication Coach analyzes an employee's speech, communication data, and meeting interactions. It then combines that data with Pearson's trusted learning science and learning content. As a result, the Communication Coach delivers real-time tips and feedback on grammar, vocabulary, tone, expression, clarity and professional interactions. Communication Coach is underpinned by Pearson's skills intelligence engine, which draws on data sets from Pearson properties like Faethm and Credly, the world's largest certification platform. In addition, the skills engine can draw on company specific platforms and can be fine-tuned with Microsoft 365 Copilot. Communication Coach is aligned with Pearson's Global Scale of English, the company's proprietary rubber to benchmark English language proficiency. Aankondiging • Oct 27
Pearson plc Appoints Costis Maglaras as Independent Non-Executive Director, with Effect from 1 November 2025 Pearson announced the appointment of Costis Maglaras as independent Non-Executive Director, with effect from 1 November 2025. Costis has held significant leadership positions within higher education and brings significant expertise in business transformation in an era of innovation and AI. Costis is Dean of Columbia Business School, where he is also the David and Lyn Silfen Professor of Business. As a trained technologist he has a focus on enhancing curriculum and learning to meet the demands of the rapidly changing global business landscape and fostering a greater understanding of the role of technological breakthroughs in solving business challenges. His fields of expertise include the impact of transformative technologies such as neural networks, machine vision, blockchain, AI, and robotics. Costis has been with Columbia Business School since 1998, during which time he also has consulted extensively at Goldman Sachs, Bank of America and Mismi Inc, on topics such as algorithmic trading. Costis earned Ph.D. and Master's degrees in Electrical Engineering from Stanford University, along with a Bachelor's degree in Electrical Engineering from Imperial College London. Aankondiging • Oct 17
Pearson plc Provides Sales Guidance for the Full Year 2025 Pearson plc provided sales guidance for the full year 2025. The company expected group sales growth in line with market expectations for 2025 with stronger sales growth in fourth quarter. Assessment & Qualifications sales to grow low to mid-single digit. Growth will be fourth quarter weighted due to new and renewed contracts. Virtual Learning return to growth in H2, and for the full year, driven by enrolment increases, partially from new school openings, for the 2025/26 academic year. Higher Education sales growth in 2025 will be higher than in 2024 as the company build on the successful results of the company sales team transformation and product innovations, particularly using AI. English Language Learning sales growth will moderate given the impacts of elections on immigration rates in 2025 affecting the company PTE business. The company expected growth to be fourth quarter weighted. The company remain confident in the medium term outlook given demographic projections. Enterprise Learning & Skills sales to grow high single digit with Vocational Qualifications seeing solid growth and the addition of several new contracts for Enterprise Solutions. Growth will be supported by recent customer announcements and pipeline activity. Aankondiging • Aug 29
Pearson Expands AI-Powered Study Prep in Canada, Supporting Personalized Learning to Build A Skilled Workforce Pearson has expanded its AI-powered Study Prep tool to Canada, making it available to over 1.5 million higher education students in the country. This launch is part of Study Prep's 2025 international expansion. Study Prep leverages AI and trusted video content to provide personalized, on-demand academic support across more than 25 subjects. Study Prep's expansion will offer personalized learning and quality AI-powered tools to help Canadian students succeed in the classroom and gain the skills needed to build a stronger, future-ready Canadian workforce. Study Prep helps support Canada's commitment to innovation in education by providing a tool that will aide instructors and students by bringing human expertise together with thoughtfully designed AI built for learning. Students have access to thousands of bite-sized video explanations and practice problems, assistance from expert human tutors, and AI-powered study tools. Study Prep's syllabus-matching technology creates personalized study plans tailored to any student's unique course. Students can engage directly with their video content by clicking on the "ask a question" button to automatically pause the video and have the embedded AI chat bot answer questions on those specific concepts. Students can also use the AI tutor to tackle challenging concepts with scaffolded step-by-step guidance all in the flow of learning. Study Prep offers support in the sciences, math, psychology, business, social sciences and more, complementing a full range of course materials that are assigned to higher education students. Pearson's application of generative AI is backed by learning science, vetted by subject matter experts, and shows tangible improved learning outcomes for students such as more active, engaged study and higher order recognition. With over 80% of products now digital or digitally enabled, Pearson is committed to the responsible application of AI to enhance the teaching and learning experience for educators, students, and employees. Aankondiging • Aug 07
Pearson Expands Ai-Powered Study Prep, Supporting Personalized Learning Worldwide Pearson announced the international expansion of Study Prep, its AI-enhanced video learning experience that provides personalized study support across more than 25 academic subjects. Launched commercially globally in the first half of 2025, Study Prep will now reach students worldwide, including in Canada, Brazil, the UK, India, China, and South Africa. Study Prep's expansion represents a significant step toward broadening access to AI-powered learning resources around the world. Study Prep delivers a comprehensive learning experience, bringing human expertise together with thoughtfully designed AI purpose-built for learning. Students have access to thousands of bite-sized video explanations and practice problems, assistance from expert human tutors, and AI-powered study tools. Study Prep's curriculumabus-matching technology creates personalized study plans tailored to a student's unique course, as its AI Tutor helps students instantly tackle challenging concepts with scaffolded step-by-step guidance all in the flow of learning. Students can also engage directly with their video content by clicking on the "ask a question" button to automatically pause the video and have the embedded AI chat bot answer questions on those specific concepts. Study Prep offers support in the sciences, math, and psychology, with more disciplines being added soon. Study Prep complements traditional course materials, providing students with on-demand study support that aligns with the specific courses they're enrolled in. Pearson's application of generative AI is backed by learning science, vetted by subject matter experts, and shows tangible improved learning outcomes for students such as more active, engaged study and higher order recognition. With over 80% of products now digital or digitally enabled, Pearson is committed to the responsible application of AI to enhance the teaching and learning experience for educators, students, and employees. Aankondiging • Jul 02
Pearson plc to Report First Half, 2025 Results on Aug 01, 2025 Pearson plc announced that they will report first half, 2025 results on Aug 01, 2025 Aankondiging • Jun 29
Pearson plc Announces the Appointment of Arden Hoffman to Remuneration Committee and the Reputation & Responsibility Committee , Effective 1 July 2025 Pearson plc announced that Arden Hoffman (Non-Executive Director) will be appointed to the Remuneration Committee and the Reputation & Responsibility Committee with effect from 1 July 2025. Aankondiging • Jun 13
Pearson plc (LSE:PSON) signed an agreement to acquire eDynamic Holdings LP. Pearson plc (LSE:PSON) signed an agreement to acquire eDynamic Holdings LP on June 13, 2025. The consideration for eDynamic Learning will be funded from existing cash resources and available liquidity. Completion of the acquisition is expected to occur in H2 2025 subject to regular closing conditions, including any required regulatory filings or approvals.?? Aankondiging • May 29
Pearson Launches an AI-Powered Revision Tool Pearson has launched an AI-powered revision tool that promises to transform how students prepare for their GCSE exams. This new AI tool, part of Pearson's longstanding strategic collaboration with Amazon Web Services (AWS) to accelerate AI learning, represents a significant advancement in revision technology. Developed using Amazon Bedrock, it seamlessly bridges traditional study methods with cutting-edge AI to help learners prepare for exams independently and potentially save hours in the process. The assistant launches with GCSE History, where rather than simply testing factual recall, the AI provides real-time feedback to help students improve answers and demonstrate the analytical and evaluative skills that will be assessed in exams. Expanding to more GCSE subjects throughout 2025, the exam practice assistant in Pearson Revise's online platform is among the first of its kind to fully connect both print and online revision material with AI-supported, personalised exam question practice. Designed to help the 1.2 million UK students in year 10 and 11 who revise for GCSEs every year, the tool has been developed with subject advisors to provide students with actionable insights and feedback on their written responses to questions. The new tool provides an array of unique features, including: Personalised, constructive feedback on long-form answers to practice exam-style questions - going beyond theiz-style approach that simply tests knowledge. Customisable feedback, enabling students to personalise how they receive feedback, and supporting learners with SEND by allowing control over the amount of information displayed. Recommendations for students and suggested areas for improvement. Options to create revision flashcards and reminders to take breaks. An online planner, progress tracker and quizzes to help guide revision focus. Initial student response to the exam practice assistant in the pilot stage has been overwhelmingly positive. One Year 11 GCSE student reported: 'a lot of students including myself struggle, especially with writing topics like English and history. There is a lot less out there that supports writing-based subjects. The exam practice assistant is helpful in getting instant feedback. whereas usually it's quite hard to find. Aankondiging • May 02
Pearson plc Provides Group Earnings Guidance for the First Half, Second Half and Full Year of 2025 Pearson plc provided group earnings guidance for the first half, second half and full year of 2025. For the year, the group expects sales to be In line with market expectations. The company expects low single-digit sales growth in first half with stronger growth in second half. Aankondiging • Mar 31
Pearson Announces Executive Changes Pearson announced that Dave Treat, Pearson's Chief Technology Officer, will assume leadership of the company's digital and technology operation alongside his current architectural and innovation responsibilities, effective April 7, 2025. Dave will continue to report to CEO Omar Abbosh and retain his title of Chief Technology Officer. Marykay Wells, who has led the Digital and Technology team as Chief Information Officer, has decided to leave Pearson, effective April 4, 2025. Dave joined Pearson nine months ago and spearheaded the establishment of the company's AI Center of Enablement, while also overseeing the Research & Development and Ventures teams. He brings to the role nearly 30 years of experience, with deep expertise in technology innovation, generative AI, spatial computing, Web 3, and quantum computing. Prior to joining Pearson, Dave held several senior technology roles at Deloitte, UBS Investment Bank, and Accenture. He holds more than 100 patents in distributed ledger technology, digital identity, and confidential computing. He also lends his expertise as an active member of CNBC's Technology Executive Council, the World Economic Forum'sGlobal Futures Council on Financial Education, and as a member of the transitional board of Arya. With his extensive expertise, Dave will play a crucial role in leveraging Pearson's strong technology foundation to scale the company's AI offerings, bolster its innovation pipeline, and improve collaboration across different business units. Dave has helped to found and has served on several technology and industry boards including the Linux Hyperledger Foundation, Linux Open Wallet Foundation, Digital Dollar Project and the Global Business Blockchain Council. Dave earned a Master's degree in Higher Education Administration from the University of Michigan and a degree in Psychology from the University of Pennsylvania. He will continue to be based in Connecticut, USA. Aankondiging • Mar 27
Pearson plc, Annual General Meeting, May 02, 2025 Pearson plc, Annual General Meeting, May 02, 2025. Location: the companys registered office, 80 strand, wc2r 0rl, london United Kingdom Aankondiging • Mar 07
Pearson plc Appoints Arden Hoffman as an Independent Non-Executive Director, with Effect from 1 June 2025 Pearson announced the appointment of Arden Hoffman as an independent Non-Executive Director, with effect from 1 June 2025. Arden has held significant leadership positions within high-profile organizations and brings to Pearson a strong expertise and business perspective on workforce and talent development in an era of innovation and AI. Arden is the Chief People Officer at General Motors, a position she has held since 2023. Arden leads GM's talent management and organisational development and plays a critical role in fostering a culture of innovation, ensuring the company attracts, retains, and develops top talent in a rapidly evolving industry. She brings to the Board a strong background in human resources and talent development in the global automotive, technology, and financial services sectors. Prior to General Motors, Arden served as Chief People Officer at Cruise and as Global Head of Human Resources at Dropbox, in addition to holding senior positions in HR at Google and Goldman Sachs. Arden earned an M.B. A from the Wharton School of the University of Pennsylvania and a bachelor's degree in Rhetoric from the University of California-Berkeley. Aankondiging • Feb 28
Pearson plc Proposes Final Dividend for the Year 2024, Payable on 9 May 2025 Pearson plc proposed a final dividend for 2024 of 16.6 pence bringing the total paid and payable in respect of 2024 to 24.0 pence. This final 2024 dividend, which was approved by the Board in February 2025, is subject to approval at the forthcoming AGM. For 2024, the dividend is covered 2.6 times by adjusted earnings. The final dividend will be paid on 9 May 2025 to shareholders who are on the register of members at close of business on 21 March 2025 (the Record Date). Shareholders may elect to reinvest their dividend in the Dividend Reinvestment Plan (DRIP). The last date for receipt of DRIP elections and revocations will be 15 April 2025. Aankondiging • Oct 01
Pearson Unveils Generative AI Foundations Certification Pearson announced the launch of its Generative AI Foundations certification. The program is designed to equip professionals and students, including high schoolers, with the essential skills needed to work with generative artificial intelligence (Gen AI) technologies. The certification demonstrates a formal level of Gen AI proficiency for employers who are increasingly using AI tools to boost productivity, efficiency, and workflow. Demand for generative AI skill is skyrocketing across industries and employers are increasingly making it a requirement. According to the 2024 Work Trend Index Annual Report from Microsoft and LinkedIn, 66% of business leaders indicate they would not hire candidates lacking AI skills. Additionally, 71% prefer to hire a less experienced candidate who possesses AI skills over a more experienced one without them. Developed by Certiport, a Pearson VUE business, and a leader in career and skills credentialing, the Generative AI Foundations certification is part of its broader Critical Career Skills portfolio. This initiative provides both training and certification for learners, creating a one-stop shop for AI education and other in-demand skills like communication. To help ensure the certification reflects current industry demands, Pearson has partnered with Mindstone, a global leader in AI training. Mindstone's practical AI application training enhances the relevance and value of Pearson's Generative AI Foundations certification for learners at all stages in their careers. The Generative AI Foundations certification will be available starting October 1 through Mindhub and Certiport. It will also be delivered on Pearson VUE's online testing platform (OnVUE), and in test centers within the Certiport network. Flexible purchasing options are available. This new certification will validate an individual's proficiency in key areas such as: Understanding generative AI methods and models; Mastering the basics of prompt engineering and prompt refinement--a universal process of inquiry with Gen AI systems; Grasping the societal impact of AI, including recognizing bias and understanding privacy concerns. Aankondiging • Jul 23
Pearson Announces Appointment of Ginny Cartwright Ziegler as Chief Marketing Officer Pearson announced the appointment of Ginny Cartwright Ziegler as Chief Marketing Officer. Ginny will report to CEO Omar Abbosh and will lead the next generation of the company’s work in marketing, brand and communications, effective 29 July 2024. Ginny succeeds Lynne Frank, who is stepping down from her dual role as Chief Marketing Officer and Co-President, Direct to Consumer. As Pearson increases the intensity of its AI and enterprise learning efforts, Ginny brings more than 30 years of marketing leadership and a proven track record of driving growth for global technology and innovation brands, such as HP, Deutsche Bank, General Motors, IBM, Intuit, Microsoft, NCR, Sun, Philips and Xerox PARC. She will serve on Pearson’s executive management team and her immediate focus will be to innovate new marketing strategies, including infusing AI and other advanced technologies into customers’ journeys, identifying opportunities to scale Pearson’s businesses and advancing Pearson’s brand and market position. Ginny comes to Pearson from Accenture, where she was most recently the Chief Marketing Officer for North America, which is the company’s largest business and represents half its revenue. Ginny was pivotal in driving double-digit growth over four years and creating a collaborative and purpose-focused culture. Prior posts during her 16-year career at Accenture included leading global teams that catapulted the company’s cloud practice to the top market position and generated triple-digit growth for its cybersecurity and talent and organization businesses. Ginny was named one of the Bay Area’s Most Influential Women by the San Francisco Business Times. She is the chair of strategic planning and executive board director for San Francisco Opera Guild, which provides K-12 music arts education programs to more than 64,000 children in over 200 Bay Area schools. She also serves as a strategic advisor for Realize the Dream, a movement led by Martin Luther King III and Arndrea Waters King to inspire and rally communities to perform 100 million service hours by 2029, in honor of the 100th anniversary of the birth of Dr. Martin Luther King Jr. Ginny earned a Bachelor of Arts with joint honors in modern languages, literature and linguistics (French and Spanish) from the University of Bristol. She also attended Université Paris Sorbonne.She is based in the San Francisco Bay Area. Aankondiging • Jul 18
Pearson Unveils AI Tool to Help Educators Save Time and Prioritize Student Learning As student usage of generative AI surges in higher education, many instructors report lacking an understanding of how AI can support their teaching. To address this gap, Pearson announced a new generative AI-powered tool for instructors. Pearson's AI tool for instructors will help educators efficiently create assignments that are personalized for their students. This August, the instructor AI tool will be included in MyLab and Mastering, Pearson's teaching and learning platforms, to enhance how faculty teach. Millions of students will have access to these tools this fall semester across 50 titles. Pearson's application of generative AI is backed by learning scientists, vetted by subject matter experts, and based on content from Pearson's library of higher education materials. With more than 80% of its products now digital or digitally enabled, Pearson is committed to investing in the responsible application of AI to advance product innovation and enhance the learning experience. Aankondiging • Jul 02
Pearson Appoints Dave Treat as Chief Technology Officer Pearson is announcing the appointment of Dave Treat as chief technology officer, effective July 2, 2024. Dave will report to CEO Omar Abbosh. Working in close partnership with Pearson’s Chief Product and Chief Information Officers, he will lead technology innovation and architecture across the company. This includes enhancing the company’s presence in the AI and tech community, driving strategic technology partnerships, and engaging with emerging technology and ed tech start-ups. Dave brings 27 years of expertise and industry leadership in technology, financial services, and strategic business transformation. He joins Pearson from Accenture where he most recently served as a Senior Managing Director. There he led Accenture’s Innovation Incubation Group, focused on helping clients implement new technologies like Generative AI, Digital Identity, Spatial Computing, Blockchain, Web 3, and Quantum Computing. Dave also served in other Accenture leadership roles including as Global Technology Lead for Capital Markets, Co-chair of the New York Fintech Innovation Lab, Global Technology Incubation Lead and Global Blockchain Practice Lead. Prior to Accenture, Dave was a Director at Deloitte and an Executive Director at UBS Investment Bank, working across technology innovation and transformation in both roles. Dave helped to found and has served on several technology and industry boards including the Linux Hyperledger Foundation, Linux Open Wallet Foundation, Digital Dollar Project, and the Global Business Blockchain Council. Dave is an active member of the World Economic Forum, lending his knowledge in areas such as blockchain, digital identity, digital currency, and digital trust. He also holds more than 100 patents. Dave earned a Master’s degree in Higher Education Administration from the University of Michigan and a degree in Psychology from the University of Pennsylvania. He will be based in Connecticut, USA. Aankondiging • May 24
Pearson plc to Report Q2, 2024 Results on Jul 29, 2024 Pearson plc announced that they will report Q2, 2024 results on Jul 29, 2024 Aankondiging • May 18
Pearson Augments Nursing Content with Generative Ai Study Tools to Improve Nursing Education and Address Shortages Pearson announced the integration of AI study tools into its Nursing: A Concept-Based Approach to Learning series, the only nursing concepts curriculum built from the ground up as a comprehensive, cohesive learning system. Pearson's AI study tools combine the power of generative AI technology with trusted Pearson content to provide scaffolded, guided help when students are stuck on homework problems, and personalized explanations, summaries, and practice problems for more efficient studying. The AI study tools beta will be available both in Pearson+ eTextbook and the accompanying MyLab Nursing course in time for Fall 2024. MyLab is an interactive teaching and learning platform, backed by content from Pearson authors. The platform, with integrated eTextbook, allows instructors to design their course, assign homework and assessments, and monitor student progress in real time. The US is experiencing shortages of nurses and nurse educators. The National Academy of Medicine's 2021 report on The Future of Nursing: 2020-2030 notes that, in order to provide sufficient care for an aging population over the next decade, a substantial increase in the nursing workforce will be needed that can practice "in community-based settings with diverse populations that face a variety of lived experiences." The NAM's report also references hundreds of nursing faculty position vacancies that have contributed to tens of thousands of qualified applicants being turned away from nursing school admission due to the inability to adequately meet student demand. Concept-based nursing curriculum is designed to focus on key concepts emphasizing a holistic understanding of nursing principles that can be applied across different patient populations, healthcare settings, and situations. This approach strengthens clinical reasoning skills in the course of patient care. Incorporating generative AI tools into Pearson's concept-based nursing content supports nurse educators in scaling their teaching and students' ability to study more efficiently.A Fall 2023 survey of students using Pearson's AI study tools beta showed strong levels of engagement, with 75% of respondents saying the tools were helpful or very helpful to their studies. The inclusion of generative AI study tools further solidifies Pearson's dedication to providing the most comprehensive and effective learning and teaching resources for nursing students and nurse educators across the US. Pearson's AI study tools are already available in more than 30 Pearson Mastering titles and are set to be integrated into more than 40 Pearson+ eTextbooks and MyLab and Mastering titles across math, science, business, and nursing for August of 2024. Pearson is committed to investing in the responsible application of AI to advance product innovation and enhance the learning experience to educate, certify, and credential students and the workforce. Pearson product experts are available to demo the AI study tools for members of the media. Please request demonstrations with the media contact below. Aankondiging • May 08
Pearson to Debut Generative AI Study Tools to University Students Internationally Pearson announced that it will expand its generative AI beta study tools into global editions of its leading higher education titles, making the tools available to tens of thousands of students across Australia, Asia-Pacific, Canada, the Middle East, and Europe by August 2024. Pearson's AI beta study tools will expand to dozens of English-language Pearson eTextbook global editions and Canadian adaptations of US-originated content in science, engineering, mathematics, and business. AI study tools will also be available in dozens of science titles within Pearson's Mastering study platform. A survey of US students who used Pearson's beta AI study tools in the August - December 2023 semester showed strong levels of engagement with 75% of respondents saying the tools were helpful or very helpful to their studies. The expansion of these study tools builds on Pearson's commitment to integrate generative AI into more than 40 Pearson+ eTextbooks and MyLab and Mastering titles in the US for August of 2024. Pearson AI study tools are currently in more than 30 Pearson Mastering titles in the US this semester. Pearson is committed to investing in the responsible application of AI to advance product innovation and enhance the learning experience to educate, certify, and credential students and the workforce. Aankondiging • Mar 27
Pearson plc Announces Three New Connections Academy Full-Time, Online Public School Programs in Pennsylvania, California, and Missouri Pearson announced three new Connections Academy virtual school offerings in Pennsylvania, California, and Missouri for the 2024-25 school year. Connections Academy provides a full-time, tuition-free, public school program that delivers a high-quality experience specifically designed for effective K-12 learning in a virtual environment. Pennwood Cyber Charter School will be available to K-12 students statewide in Pennsylvania, Connections Academy at Springs will serve grades K-10 in southern California, and Missouri Connections Academy will add another virtual school through a partnership with the Louisiana School District, serving grades 7-11 for the 2024-25 school year and expanding to grades 7-12 for 2025-26. Ahead of their inaugural year, the programs have developed robust initiatives to create a learning environment where students receive what they need to be supported, engaged and academically successful. Each will have state-aligned curriculum, high-quality, individualized education, and services to support all students. Specifics of each program include: Missouri Connections Academy and Pennwood Cyber Charter School will benefit from Connections Academy’s extensive college and career course offerings for grades 6-12 that will combine traditional courses with industry-leading, career-focused options and access to education and industry partnerships. Programming for Pennwood Cyber Charter School will include partnerships with Drexel University'sGoodwin College of Professional Studies and the Cook Center for Human Connection. Also, students will have the opportunity to earn digital credentialing badges through Credly, aligned with Pennsylvania’s Career Education and Work Standards. Credly is a Pearson business. Students attending Connections Academy at Springs will be able to tap into a broader network of schools in southern California to participate in field trips and other face-to-face activities. Aankondiging • Mar 23
Pearson plc, Annual General Meeting, Apr 26, 2024 Pearson plc, Annual General Meeting, Apr 26, 2024, at 09:30 Coordinated Universal Time. Location: 80 Strand, London United Kingdom Agenda: To consider the receipt and consideration of the company's accounts, the strategic report and the reports of the Directors and the auditors for the financial year ended December 31, 2023; to consider Final dividend; to consider Election and re-election of Directors; to consider Directors' remuneration report; to consider Approval of Save for Shares Plan; to consider Directors' authority to allot shares; and to consider other matters. Aankondiging • Mar 12
Pearson Appoints Vishaal Gupta as President of Workforce Skills Pearson announced the appointment of Vishaal Guptaas President of Pearson's Workforce Skills division. Vishaal will report to CEO Omar Abboshand lead the next phase in the development of Pearson's enterprise solutions and vocational qualifications business. Vishaal succeeds current Workforce Skills division President Mike Howells, who will leave the company in March. Vishaal brings 29 years of global experience as a highly accomplished business leader in the enterprise technology space. He joins Pearson from Accenture, where he currently serves as a Senior Managing Director and member of the Global Leadership Council. During his tenure at Accenture, Vishaal has served in several leadership roles including Europe Technology Sales, Solutions and Ecosystem Lead, Google Cloud Platform Sales Lead, Global Technology Industry Lead for Telecoms and Media and most recently as the EMEA Market Maker for Strategic deals. Prior to Accenture, Vishaal worked with world class technology services organizations like Tech Mahindra and HCL Technologies in addition to co-founding a product start-up called Unimobile, which was later acquired by Verisign. Vishaal holds an MBA from the Indian Institute of Management, Calcutta, and a Computer Engineering degree from the DelhiCollege of Engineering. He is also involved in various projects to improve literacy in schools and communities across India. Vishaal is based in Zurich, Switzerland. Aankondiging • Feb 28
Pearson Announces Plans to Expand Its Beta AI Study Tools into Additional Pearson+ eTextbooks Pearson announced plans to further expand its beta AI study tools into additional Pearson+ eTextbooks. Generative AI tools are an increasingly popular feature for thousands of students in both Pearson+ eTextbooks and in Pearson's MyLab and Mastering homework platforms. Now, even more students will benefit, with at least 40 math, science, business, and nursing titles available for fall back to school in both products. By combining new technologies with world class learning content, students say they are already seeing the benefits to their education. Since the start of the beta, tens of thousands of students have used Pearson's AI study tools and have shown strong levels of engagement and positive feedback. In fact, students in the initial selection of three Pearson+ eTextbooks have initiated more than 331,000 interactions with AI study tools to help them learn by generating explanations, summaries, and practice questions. Those who used the AI tools spent more time in their courseware and 75% of users said the tools were 'helpful' or 'very helpful' for their studies. With more than 80% of its products now digital or digitally enabled, Pearson is committed to investing in the responsible application of AI to advance product innovation and enhance the learning experience to educate, certify, and credential students and the workforce. Aankondiging • Jan 30
Pearson Opens Bookings for PTE Core Pearson announced that bookings are now open for PTE Core, its newest English language proficiency test. PTE Core received approval from Immigration, refugees and Citizenship Canada (IRCC) last year and can now be taken to provide proof of English language proficiency for the purposes of permanent economic immigration to Canada or Canadian citizenship. The first PTE Core tests can be taken from February 12 onwards. PTE Core is a new addition to the Pearson Test of English portfolio, sharing many of the unique characteristics of PTE Academic. It is a two-hour, computer-based exam taken in a test centre environment that tests four key English language skills: speaking, listening, reading, and writing. The key difference is that PTE Core is relevant for the vocational test taker, designed with a real-life, non-ac academic focus. It was created to meet Canada's specific migration needs and the IRCC's language proficiency requirements, but could be used to assess the English proficiency of vocational test takers in any country. Every year, Canada welcomes hundreds of thousands of permanent residents, temporary foreign workers (TFWs), students, and visitors. Canada also supports the reunification of families and the protection of refugees and persons at risk. With an increased focus on supporting Canada's economic resurgence and post-pandemic growth, IRCC is increasing its Levels Plan to further address the growing demand for the coming years. With high demand in Canada for professionals in areas such as nursing, engineering and web development, the approval of PTE Core arrives at a good time for test takers and opens new opportunities for Pearson. PTE Core was created in response to Canadian economic migration needs. Alongside this, PTE Academic was accepted from August 2023 by IRCC as an approved English proficiency test for all Student Direct Stream (SDS) visa applications - it is already recognised by more than 97% of universities and 95% of colleges in Canada. The UK, Australian and New Zealand governments also accept PTE tests for all visa applications. PTE Academic is also accepted by 100% of Australian, New Zealand and Irish Universities and 99% of UK universities. The fully digital PTE Core test is delivered through Pearson VUE, the computer-based testing business of Pearson. The latest AI technology is used for scoring and biometric data collection provides enhanced security measures. These cutting-edge technologies ensure the provision of an impartial and highly accurate test of a test taker's English language proficiency. Furthermore, test takers can book PTE Core online up to 24 hours in advance, take advantage of year-round worldwide test centre slots and receive their results on average within two days. PTE Core will be rolled out across Pearson's existing network, with more than 400 PTE centres in 118 countries. This includes 25 test centres across Canada. Aankondiging • Jan 18
Pearson plc to Report Fiscal Year 2023 Results on Mar 01, 2024 Pearson plc announced that they will report fiscal year 2023 results on Mar 01, 2024 Aankondiging • Oct 30
Pearson plc Upgrades Group Earnings Guidance for the Year 2023 Pearson plc upgraded group earnings guidance for the year 2023. For the year, the company expects group revenue growth, excludingOPM and Strategic Review businesses, will be at the higher end of the low to mid-single digit range it has guided to. Aankondiging • Sep 27
Pearson Launches Global Scale of Languages in French, Italian and Spanish to Mark European Day of Languages Pearson, launched its Global Scale of Languages (GSL) - a first of its kind scale which will bring unparalleled clarity and simplicity to language learning in different languages. The Global Scale of Languages will initially cover French, Italian and Spanish, with German and other languages to follow. For the first time, learners will be able to benchmark their proficiency and track learning progress in French, Italian and Spanish using Pearson's simple scale from 10 to 90. Students benefit as they can now pinpoint their proficiency in different languages on a common scale, set themselves personalised learning targets and benchmark progress as they move from beginner to fluency. Teachers and institutions benefit as they can quickly and efficiently develop teaching resources using Pearson's Global Scale of Languages, tackling the time and resource constraints frequently cited by teachers. Free materials are available now for teachers to build lesson plans and tutorials, outlining clear learning objectives in each language. The frameworks will enable teachers to plan lessons and courses of study, evaluate current language proficiency levels, measure progress, set targets and personalise the learning journey of each student. The Global Scale of Languages will enable Pearson to reach even wider audiences by offering more learners a new, innovative, way to learn a language. It is built on the same design principles and expertise as Pearson's Global Scale of English – a globally recognised assessment and proficiency framework used by millions of English language learners and teachers around the world. During 2024, Pearson will make the Global Scale of Languages available direct to consumers and businesses through its products such as Mondly by Pearson, Versant by Pearson assessments and Wizard by Pearson language schools. For instance, customers using the Mondly by Pearson app will be able to check their progress against the Global Scale of Languages as they advance through their daily lessons. Aankondiging • Sep 24
Pearson plc (LSE:PSON) commences an Equity Buyback Plan for 71,612,324 shares, representing 10% of its issued share capital, under the authorization approved on April 28, 2023. Pearson plc (LSE:PSON) commences share repurchases on September 21, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 28, 2023. As per the mandate, the company is authorized to repurchase up to 71,612,324 ordinary shares, representing 10% of the issued share capital. The minimum price that may be paid for an ordinary share is £0.25 per share. The maximum price that may be paid for an ordinary share is, in respect of an ordinary share contracted to be purchased on any day, the higher of an amount equal to 105% of the average of the middle market quotations of an ordinary share of the company derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the highest current independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The company will repurchase the shares out of distributable profits. The company is entitled to hold the shares as treasury shares, sell them for cash, cancel them or transfer them pursuant to an employee share plan. The share repurchase program shall expire at the conclusion of the next Annual General Meeting in 2024 or 18 months, whichever is earlier. As of March 13, 2023, the company had 716,123,243 ordinary shares in issue.
On April 28, 2023, the company announced a share repurchase program. Under the program, the company will repurchase £300 million worth of shares. The program will commence in the third quarter of 2023.
On September 20, 2023, the company announced that it has entered into non-discretionary irrevocable agreement for the £300 million program. The sole purpose of the program is to reduce the capital of the Company. As such, the Company will cancel any ordinary shares purchased. The repurchases will commence on September 21, 2023 and will end on or before March 7, 2024. Aankondiging • Aug 02
Pearson plc Reiterates Group Financial Guidance for the Year 2023 Pearson plc reiterated group financial guidance for the year 2023. Group revenue outlook remain in line with expectations for 2023. Aankondiging • Aug 01
Pearson plc Declares Interim Dividend, Payable on 18 September 2023 The directors of Pearson plc are declaring an interim dividend of 7 pence per equity share, payable on 18 September 2023 to shareholders on the register at the close of business on 11 August 2023. This interim dividend, which will absorb an estimated £50 million of shareholders’ funds, has not been included as a liability as at 30 June 2023. Aankondiging • Jul 29
Pearson plc Announces Board and Committee Changes Pearson plc announced the following changes to the membership of its Board Committees: Alison Dolan (Non-Executive Director) will be appointed to the Audit Committee with effect from 1 August 2023 and to the Remuneration Committee with effect from 1 April 2024. Alex Hardiman (Non-Executive Director) will be appointed to the Reputation & Responsibility Committee with effect from 1 August 2023 and to the Audit Committee with effect from 1 December 2023. Aankondiging • Jul 14
Pearson Has Announces Appointment of Siddharth Parnerkar as the New International Sales Director to Lead the Workforce Skills Vocational Qualifications Business Across Europe (Outside Uk), India Hub, Menat, Greater China and Apac Regions Pearson has announced the appointment of Siddharth Parnerkar as the new international sales director to lead the workforce skills vocational qualifications business across Europe (outside UK), India Hub, MENAT, Greater China and APAC regions. With this appointment, the company has strengthened its leadership team in India to grow the workforce skills business. Parnerkar comes with an experience of over two decades in business development, sales, marketing, strategy, P&L management, product and brand management, and digital transformation. Prior to joining Pearson, Parnerkaar had a long stint of 16 years at Vodafone, where he held key leadership roles to drive the growth of their b2b and strategic alliances business, managing JVCo and M&A opportunities, and launch of new businesses in the mobile commerce space. His most recent assignment was with Vodafone Oman with a 5G, digital first start-up operation. Before Vodafone, he has worked with Reliance Communications for five years where he was responsible for managing their fixed wireless business and leading sales and business initiatives in the prepaid business. Apart from these, he has worked with Bharti Airtel Limited, Eastman Kodak Company and Videocon International Limited. Moreover, Parnerkar has the expertise of driving growth for large business portfolios in India as well as global markets. His educational credentials include a postgraduate diploma in business management (PGDBM) from XLRI - Xavier School of Management, Jamshedpur and a bachelor of science (BSc) degree in statistics from St. Xavier's college, Mumbai. Aankondiging • Jun 14
Pearson Appoints Vinay Kumar Swamy the Country Head for India Pearson has appointed Vinay Kumar Swamy the new country head for India. Vinay has been with Pearson for more than seven years and now in his new role, he will be leading its journey of becoming a digital-first online learning, skilling and assessment company. Vinay will be driving the digital transformation journey of the company, along with strategic synergies with enterprises and Government. With two decades of experience behind him, Vinay is well-versed in corporate strategy, investment banking, and mergers and acquisitions. Prior to joining Pearson, he held key roles at an investment banking firm and Clutch Group. With his expertise in finance and revenue growth, Vinay will play a pivotal role in driving Pearson India's digital transformation and profitability. Aankondiging • May 26
Pearson plc to Report First Half, 2023 Results on Jul 31, 2023 Pearson plc announced that they will report first half, 2023 results on Jul 31, 2023 Aankondiging • May 11
Pearson plc Appoints Alison Dolan and Alex Hardiman as Independent Non-Executive Directors, with Effect from 1 June 2023 Pearson plc announced the appointments of Alison Dolan and Alex Hardiman as independent Non-Executive Directors, with effect from 1 June 2023. Both bring significant leadership experience in high profile and respected digital brands, helping to further the strong momentum of Pearson's own digital, lifelong learning strategy. Alison is the Chief Financial Officer at Rightmove plc, a position she has held since September 2020. She brings to the Board extensive commercial and operational finance experience, specifically in digital businesses. Prior to Rightmove, she held several senior financial positions at Sky plc, including Group Treasurer, Director of Finance and was the Deputy Managing Director at Sky Business. She later moved to News UK to serve as the Chief Strategy Officer at the forefront of the business's digital transformation. Alex currently serves as the New York Times' Chief Product Officer where she oversees the company's News, Cooking, Games and Audio products that power its digital business. Alex previously spent a decade at The New York Times in several product leadership roles before leaving for Facebook in 2016 where she served as Head of News Products, overseeing news experiences for Facebook consumers and publishers. Alex also spent time at The Atlantic as their Chief Business and Product Officer where she relaunched the company's consumer offerings and subscription model. Aankondiging • May 10
Pearson plc Announces Updates on the Generative Ai Enhancements in Products Across Its Portfolio Pearson plc announced updates on the generative AI enhancements in products across its portfolio. These enhancements, when combined with Pearson's unparalleled collection of high quality proprietary intellectual property assets, further strengthen the Company's position as a digital-first learning company focused on delivering an unmatched experience for the consumer across their lifetime of learning. Pearson has adopted an AI strategy that will embed this technology across key products throughout the portfolio in a way that enhances the teaching and learning experience. With several projects well underway, Pearson is actively focused on the significant opportunities across the company, especially those using its trusted, proprietary, learning content. The company has been working to embed generative AI across a number of key products: Workforce Skills uses large language models to develop proprietary predictive algorithms which assess trends in demand for skills and occupations globally, and recommend career and learning pathways for consumers, enterprises and governments. In Mastering and MyLab, generative AI tools specifically designed to support higher education faculty are under development for Fall Back-to-School. Additional student features are under development that use Pearson proprietary content to answer questions and guide users through their problem areas. These personalised features will operate in a secure environment, so users can trust that their question attempts are not shared, and data stays free from the noise and corruption of web based AI models. In Pearson+, users will have access to a generative AI tool that automatically summarises the content of Channels videos in simple bullet points and auto generates quizzes and practice problems in the specific areas where they need more help and practice. The addition of these features is part of the ongoing strategy to build a broader base of Pearson+ users beyond higher education. In English Language Learning, Pearson has developed AI based open response assessments. These give real time feedback on how to improve in writing and speaking based on the proprietary Global Scale of English. Additionally, a conversation AI tutor is in development to help with anytime, anywhere speaking practice. Pearson has a unique range of assets, supporting a diverse business model, with expertise in assessments and qualifications, language learning, workforce skills, virtual learning and higher education. Businesses outside of higher education represent the majority of profits (80%). Seeking Alpha • Jan 18
Pearson: Expensive For What It Is Summary
Education provider Pearson shows positive business momentum, though it is uneven.
While its strategic shift to education makes sense in theory, the evidence for its positive financial impact remains mixed for now.
Accordingly, I see the current share price as overvalued and maintain my "sell" rating.
Education group Pearson (PSO) has had a good run lately in the stock market.
I last covered the company in April with my bearish piece Pearson: Not Unlocking Much Value On Its Own. Since then, the shares have increased in value by 21%. However, I continue to see the shares as overvalued relative to the company’s earnings generation potential. Accordingly, I maintain my “sell” rating on the name.
Business Performance is Decent
While not stellar, recent business performance has been decent and arguably good.
At the interim stage, sales were up 12% and earnings per share soared albeit from a low base last year.
company announcement
The company said after its third quarter that it expected to deliver sales and adjusted operating profit consensus expectations for the full year, with sales growth in the first nine months of 7% compared to the prior year period.
This is positive momentum for the business. But I do not think the results are great. I think some of the strong performance in the assessment and qualifications and English language learning divisions are basically clearing a post-Covid backlog, so expect sales growth in those divisions to slow sharply over the next couple of years. It is also worth noting that Pearson has struggled to convert sales into operating profits consistently, as shown in the first half results.
company announcement
Has the company’s strategic pivot towards education in recent years worked? I think there is not yet sufficient evidence to say that it has. For example, virtual learning in the first half grew by double digits in percentage terms (a change in reporting segments means one can make no direct comparison to the prior year, though I think this growth was from a strong base) but adjusted operating profit was flat and the adjusted operating profit margin was a meagre 3.6%. Maybe a shift towards more virtual learning in coming years can help boost the top line, while lower costs can improve the bottom line. The company has identified cost savings of at least £100m for this year, on top of the efficiencies the company expects from its prior reorganisation of divisions.
However, none of this is yet compelling in my view. The strategy makes sense to me, but its long-term impact remains unproven and it is not clear how financially attractive the pivot to education will turn out to be. It has not yet delivered high growth, so I see it as premature for shares to be valued on the expectation that it will do.
Valuation Looks Stretched
Currently Pearson has a market cap of £6.6bn. Net debt at the end of June was £810m (up 231% in a year), meaning the enterprise value is £7.4bn.
That looks high to me. Last year’s profits after tax were £160m, meaning the price to earnings ratio stands at 42. For the current year, the company outlook is for adjusted operating profit of £416m. But that is broadly in line with last year, when although the reported profit was £160m, the adjusted operating profit was £385m. So, if excluding adjustments and the operating profit level and focussing instead on basic reported earnings after tax, which I see as a more relevant measure, the prospective P/E ratio is likely in the mid-twenties to mid-thirties depending on the size of the adjustments. In recent history, Pearson has had a history of frequent substantial adjustments. Aankondiging • Jan 11
Pearson plc to Report Fiscal Year 2022 Results on Mar 03, 2023 Pearson plc announced that they will report fiscal year 2022 results on Mar 03, 2023 Seeking Alpha • Aug 09
Pearson: Watch Pandemic Recovery And Digital Metrics Pearson's Assessment & Qualifications business segment witnessed a substantial recovery in sales and operating earnings in 1H 2022, as examinations proceeded as per normal in the absence of pandemic lockdowns.
But PSO's key digital revenue growth metrics like Higher Education US digital registrations and OPM student enrollments weren't as good as what investors would have hoped for.
I retain my Hold investment rating for Pearson, in view of a mixed outlook implying slower top line growth and stronger profitability.
Elevator Pitch
I continue to rate Pearson plc's (PSO) shares as a Hold.
I last wrote about PSO in an article published on October 12, 2021, and I discussed about Pearson's digital textbook platform and the company's portfolio optimization plans in that earlier update.
Pearson's 1H 2022 performance wasn't as good as what headline numbers imply. PSO's Assessment & Qualifications business delivered solid growth as examinations were no longer delayed or cancelled due to COVID-19 restrictions. But Pearson's digital growth metrics, which are a key indicator of the company's progress in pivoting towards digital learning, were below expectations. In the medium term, PSO's revenue growth will likely slow as a result of lower-than-expected enrollments, but this will be offset by better-than-expected profitability thanks to the success of its cost optimization initiatives. This suggests that a Hold rating is the most appropriate for Pearson.
Good Recovery From The Pandemic
Pearson did reasonably well in the first half of the current year. The company's revenue and core operating income expanded by +6% YoY and +22% YoY to £1,788 million and £160 million, respectively in 1H 2022 as per its most recent interim results press release.
PSO's Assessment & Qualifications business segment benefited from a low base in 1H 2021 when the business division was negatively affected by COVID-19 related lockdowns. With the relaxation of pandemic restrictions, the Assessment & Qualifications business saw its core revenue and operating income grow by +16% YoY and +34% YoY, respectively in the most recent interim period.
Notably, Pearson's Assessment & Qualifications segment contributed 86% of the company's core operating profit in 1H 2022, which meant that the recovery of this business segment was the main reason for Pearson's strong growth in the first half of the year.
Pearson highlighted at its 1H 2022 results call that "exam timetables returned to normal", which helped its Assessment & Qualifications business to perform well for the first six months of 2022. In comparison, examinations were disrupted last year due to new COVID-19 waves.
Digital Growth Metrics Were A Disappointment
It will be misleading to conclude that all is well at Pearson based on the company's good headline financial metrics (revenue and operating income) as mentioned in the preceding section. This is because investors are more concerned about Pearson's long-term growth outlook in a post-pandemic environment, and they are watching the progress of Pearson's push into digital learning very closely.
In that respect, Pearson's metrics relating to digital revenue growth would have most probably disappointed the majority of investors. As indicated in the company's 1H 2022 earnings media release, PSO's Higher Education US digital registrations declined by -9% YoY from 5.3 million in the first half of 2021 to 4.8 million in the recent interim period. Also, OPM (Online Program Management) student enrollments for its Virtual Learning segment came in at 143,000 for 1H 2022, which represented a -0.7% contraction as compared to 1H 2021.
The weak operating metrics for Pearson's Virtual Learning and Higher Education business segments translated into poor financial performances for these two business divisions in the most recent interim financial period. Core operating income for PSO's Virtual Learning business fell by -21% YoY in 1H 2022, as increased investments more than offset a modest +3% YoY rise in segment revenue over the same period. Pearson's Higher Education business segment turned from a positive operating profit in 1H 2021 into an operating loss for 1H 2022, as the division was hurt by a -4% YoY decrease in segment sales and negative operating leverage.
Mixed Outlook
The intermediate term financial outlook for Pearson is mixed.
Based on the analysts' consensus financial estimates taken from S&P Capital IQ, PSO's top line expansion is forecasted to slow from +8.7% in fiscal 2022 to +4.2% and +4.3% for FY 2023 and FY 2024, respectively.
As I indicated earlier, PSO's solid +6% revenue growth for 1H 2022 was helped by the fact that 1H 2021 was a low base for the company as a result of pandemic disruptions. As such, it isn't a surprise that Pearson's top line growth will moderate in the subsequent years ahead. Moreover, Pearson has guided for "increased pressure on enrolments in OPM and Higher Ed (Education)" going forward as per its management comments at the 1H 2022 earnings briefing. Specifically, PSO acknowledged at its interim results call that "there is an enrolment issue", considering that "many people who have yet to finish their college degrees because they were impacted by the pandemic."
On the other hand, the sell-side's consensus financial projections point to Pearson's EBIT margin improving from 11.6% in FY 2022 to 14.6% for FY 2023 and 15.4% for FY 2025.