COLUMBUS, Ohio, May 30, 2024 (GLOBE NEWSWIRE) -- McGraw Hill, a leading global education company, today reported financial results for the full 2024 fiscal year of $2 billion in billings, $728 million in Adjusted EBITDA at a 36% adjusted EBITDA margin and $511 million in Operating Free Cash Flow. Although total billings were down 5% year-over-year due to an expected smaller U.S. K-12 adoption market, fiscal Q4 was stronger than anticipated with a larger market opportunity expected in the 2025 fiscal year. Digital billings increased year-over-year to $1.3 billion in the fiscal year, now making up 64% of total company billings and 90% of total Higher Education billings. During the 2024 fiscal year, the company saw continued growth in user engagement with its digital platforms, reaching new highs of over 7 million users globally on its AI-powered learning platform ALEKS and 6.7 million paid activations of Connect, including 1 million international activations, with growth of 12% and 10% respectively above last year. The company continued to invest in new digital capabilities in fiscal 2024 with the release of new products that include ALEKS Adventure for K-3 math, First Aid Forward and the Access mobile app for ...