Pearson's 2024 Preliminary Results: A Strong Performance in a Changing Global Economy

Pearson PLC (PSO,Financial), the global leader in education publishing and services, has released its 2024 preliminary results, highlighting a robust financial performance and strategic progress in a challenging global economy. The company's underlying group sales growth of 3% for the full year, excluding certain businesses, and a 10% increase in adjusted operating profit to £600m, with a margin improvement to 16.8%, demonstrate Pearson's ability to adapt and execute on its strategic priorities. The company's free cash flow conversion also exceeded 100%, surpassing guidance.

Pearson's strategic focus on AI and partnerships, particularly with Microsoft, positions the company well for future growth. The company's progress in AI integration across products, including the launch of an AI-powered Digital Language Tutor, reflects its commitment to leveraging technology to enhance learning experiences. The new multi-year strategic AI partnership with Microsoft extends Pearson's commercial relationship with Pearson VUE and offers opportunities for innovation and joint go-to-market activities in AI upskilling.

Pearson's adaptability is also evident in its ability to navigate challenges in certain sectors, such as Virtual Schools and Learning, while maintaining growth in other areas. The company's focus on expanding its presence in the highly attractive Enterprise skills market and its strategic partnership with AWS reflect its forward-thinking approach to education technology and its ability to capitalize on emerging opportunities.



Pearson's strong financial performance, coupled with its strategic progress in AI integration and Enterprise focus, positions the company well for long-term growth. The company's ability to adapt to a changing global economy, execute on its strategic priorities, and maintain a strong financial position demonstrates its commitment to driving value for shareholders. As the education landscape continues to evolve, Pearson's focus on AI, partnerships, and the Enterprise skills market will be crucial for capitalizing on emerging opportunities and maintaining its competitive edge.



In conclusion, Pearson's 2024 preliminary results reflect the company's ability to adapt to a changing global economy, execute on its strategic priorities, and maintain a strong financial position. The company's focus on AI, partnerships, and the Enterprise skills market demonstrates its commitment to driving long-term growth and value for shareholders. As the education landscape continues to evolve, Pearson's strategic initiatives and financial performance position it well for continued success.