The Lemon Fool

Highlights

Underlying sales growth excluding OPM1 and Strategic Review2 of 3%.

Strong operational progress in all divisions and continued execution momentum across our 2024 strategic priorities.

Continuing to infuse our products with AI and on-track to include AI features in more than 40 Higher Education titles for the Fall semester.

Initial £300m share buyback completed; the previously announced £200m buyback extension has commenced.

Omar Abbosh, Pearson's Chief Executive, said:

"The year has started well. Financial performance was in line with our expectations, thanks to strong execution across the business, and we maintain a sharp focus on delivering against the priorities that I outlined. The year is unfolding as we anticipated, and we continue to expect an acceleration of growth in the second half, which will see us achieve our guidance for the full year. We look forward to providing an update on our strategic progress with our half year results in July."