Sales at education giant Pearson (PSON.L) fell 10% in the three months to September as a slump in its textbook and testing business eclipsed a rise in online learning.
It was the third consecutive quarter of decline, but an improvement on the second quarter’s 28% fall.
The FTSE 100 publisher, which is transitioning from traditional textbooks to digital, has suffered from tumbling sales this year as schools and testing centres shut in response to the COVID-19 pandemic.
However, digital revenue did manage to soften the pandemic blow as its online education business posted a 32% increase.
Enrolment in virtual schools jumped 41% in the first nine months of the year but overall sales were 14% lower in the period compared with 2019.
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