Skillsoft shares fall 18.01% after hours as Q3 net loss widens to $41M, strategic review of Global Knowledge sparks uncertainty.

Skillsoft (SKIL) fell 18.01% in after-hours trading following a Q3 earnings report that revealed a $41M net loss and a 6% revenue decline, driven by underperformance in the Global Knowledge segment, which saw an 18% revenue drop. CEO Ron Hovsepian’s announcement of a strategic review for the instructor-led training business—hinting at a potential divestiture—intensified market skepticism about management’s ability to stabilize operations. Despite the launch of an AI-driven platform, the TDS segment also reported a 2% revenue decline and a $14M net loss. The stock’s sharp selloff reflected broader concerns over deteriorating fundamentals, a $20.8M goodwill impairment charge, and the withdrawal of consolidated guidance, signaling uncertainty about the company’s turnaround strategy.