Operating revenues were $854.2 million, including approximately $49.1 million from the 53rd week, compared to $867.0 million in the prior year quarter. Favorable changes in foreign currency exchange rates benefited revenues by $4.2 million. Same store operating revenues declined 8.8%, an improvement compared to a decline of 9.4% in the third quarter of 2017, due to our strategic subscriber pricing initiatives and the inclusion of a full quarter of ReachLocal revenue in our same store calculation. Total digital revenues increased to $272.3 million, or approximately 31.9% of total revenue. GAAP net losses were $13.6 million, including a $42.8 million tax expense from the Tax Cuts and Jobs Act of 2017 and $27.6 million of after-tax restructuring, asset impairment charges and other costs. Click Read More below for additional information.

Savvas Learning Company is proud to announce that it has been named “LMS Solution Provider of the Year'' by the 2022 EdTech Breakthrough Awards program. The award honors the K-12 learning solutions provider for its popular Savvas Realize learning management system (LMS), recognizing the company as an innovator and leader “driving the global digital transformation of the education industry.” An award-winning platform since its inception, Savvas Realize is the publishing industry's most versatile LMS and the digital home to more than 1,000 high-quality, engaging Savvas programs. The single sign-on Realize platform allows educators to access a vast array of standards-aligned content, customize materials, monitor student progress, and create lesson plans and activity playlists. It also provides data-driven insights to help teachers differentiate instruction and personalized, real-world learning experiences to increase student engagement — all on one easy-to-use platform. Winners of this year’s EdTech Breakthrough Awards, which showcase technologies and companies that drive innovation and exemplify the best in edtech solutions, were selected from more than 2,250 nominations based on innovation, design, user experience, and overall technological advancement.

We’re excited to celebrate a truly special moment in our journey: 100 million teachers, students, and education administrators now use Canva every month. Behind that number are incredibly powerful stories of creativity and opportunity worldwide. When we launched Canva Education in 2019, our goal was simple: to give every teacher and student free access to intuitive, powerful tools that make learning more visual, collaborative, and creative. We’ve always believed visual communication is a core skill, that creativity belongs in every classroom, and that budget or geography should never be a barrier. Today, that mission is alive in over 190 countries, across more than 800,000 schools, and 16,000 districts – and it’s growing fast. From classrooms in rural towns to Ministries of Education rolling out Canva at scale, this milestone reflects a global education community that’s embracing change, empowering learners, and reimagining what teaching and learning can look like.