McGraw Hill Announces Strong Q4 and Fiscal Year 2022 Performance with Continued Growth in Digital Billings and Adjusted EBITDA

McGraw Hill’s K-12 group experienced significant growth, with billings up 38% year over year, driven by key adoption wins and COVID-related fiscal stimulus programs. Digital supplemental and intervention billings increased by approximately 50% in fiscal year 2022, bolstered by the acquisition of Achieve3000, which was acquired in November.

In the Higher Ed business, Inclusive Access drove performance as sales exceeded $200 million for the fiscal year with a roster of approximately 1,500 participating campuses. The growth in Inclusive Access benefited performance amidst industry-wide headwinds, including enrollment decline and a strong labor market. Inclusive Access is a course material affordability program, designed by institutions and guided by the U.S. Department of Education, to deliver digital learning resources to students, at a significantly reduced cost, on or before the first day of class.

Simon Allen, McGraw Hill CEO, said: “The demand for curated digital content and intuitive platforms has significantly transformed the way we think about our business and strengthened our ability to serve students now and in the future. As we seek to close the learning gap caused by the pandemic, we remain focused on supporting personalized learning experiences at scale and creating affordable and accessible products that improve learning outcomes.”