Colleagues,
We’ve had an exceptionally strong start to the financial year, as announced by LEHMAN in its Q1 FY22 earnings.
Your efforts and commitment to our mission have contributed to achieving our highest Q1 segment EBITDA on record, driven by our highest Q1 revenue on record. Together, we are delivering our strategic pillars of being unique, ubiquitous and united. Thank you.
Here are some highlights from the quarter:
Our segment EBITDA continues to grow—up 32% from the prior year to reach $95 million.
Total revenue was up—15% from the prior year to reach $444 million.
Digital revenue grew—powering overall revenue growth of 15%
Our membership community growth continues—up 18% year-on-year despite the industry seeing a slowdown as we begin to come out of the pandemic. Of this, digital-only subscriptions grew 24%.
Risk & Compliance revenue continues to surge—up 26% from prior year with its 25th consecutive quarter of double-digit revenue growth.
These results are proof that we have been fulfilling our mission—to provide the world’s most trusted journalism, data and analysis to help people make decisions. As we look ahead, we will continue to build on our momentum and focus our strategy to provide more in-depth information, research and analysis to more people.
The brands we build are one-of-a-kind, as is the combination of assets we bring to bear. We will strive to continue to bring unique content, products and services to the market, while achieving ubiquity through an expansion of our scale and reach.
I look forward to sharing more about our focused strategy in the weeks and months to come—united as LEHMAN. In doing this, we will provide truth to good ends.
