Business
Pearson Q1 2025 Trading Update
Pearson Q1 2025 Trading Update.
About this update from Pearson Plc
[{"type":"text","content":"\n\n\nPearson Q1 2025 Trading Update (Unaudited)\n\n\n\n\n2nd May 2025\n\n\nPearson on track to deliver 2025 guidance1 with expected Q1 result and momentum building for the second half\n\n\n\n\nHighlights\n\n\n\n\n· \n\n\nUnderlying Group sales up 1%, with growth expected to accelerate in the second half of the year\n\n\n\n\n· \n\n\nAll business units performing in line with expectations; strong start for Higher Education with underlying sales up 6%\n\n\n\n\n· \n\n\nGood progress against our 2025 strategic priorities, including:\n\n\n\n\n\n\n\no \n\n\nExpanding professional learning capabilities with our new Pearson Skilling Suite (link here)\n\n\n\n\n \n\n\no \n\n\nContinuing to lead on the application of innovative technologies, with the launch of an AI-powered Smart Lesson Generator (link here)\n\n\n\n\n \n\n\no \n\n\nNew contract wins in Enterprise Learning & Skills; including with UK Ministry of Defence (link here)\n\n\n\n\n \n\n\no \n\n\nLaunch of redefined Pearson brand to embrace the future of learning (link here)\n\n\n\n\n· \n\n\n£350m share buyback programme launched and progressing; £0.1bn State Aid recovery received in full\n\n\n\n\n \nOmar Abbosh, Pearson's Chief Executive, said:\n\"We continue to make good progress against our strategy, supporting our medium term growth outlook. We are confident of delivering on our expectations for the year given our clear path to achieving stronger growth in the second half, whilst we recognise the heightened uncertainties around the global economy.\nFinancial and operating performance in our smallest quarter was in line with our plans and we continue to build AI enhanced offerings across the business and make progress on our Enterprise initiatives.\"\nUnderlying Group sales growth of 1% in Q1 2025\n\n\n\n\n· \n\n\nAssessment & Qualifications sales were up 1%. Pearson VUE declined slightly, with growth expected to be weighted to H2 driven by the timing of new contracts and the test prep business building during the year, supported by the recent launch of the Pearson Skilling Suite programme. Clinical Assessment grew due to the continued traction of our products in the market, with further n...