Thread regarding Cengage layoffs

Revenue

Just for fun, I went back and looked at the company's revenue going back to 2016:

2016: $1.656B
2017: $1.474B
2018: $1.467B
2019: $1.460B

That's a decline every year, and a 13% decline from 2016 - 2019. Also, the company recorded a net loss in all 4 years.

It seems like nothing...not MindTap and certainly not some gimmicky solution like CU can stop the bleeding.

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| 1716 views | | 1 reply (October 17, 2019) | Reply
Post ID: @OP+116Cesl0

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Cengage has a $950 million dollar market cap. That's a hard fall from a company sold for $7 billion in 2007.

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Post ID: @twrz+116Cesl0

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