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Sustainable profitable growth. </h2> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-flexible container black-border-quote"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-8 offset-sm-2"> <div data-layout-content-preview-placeholder-label=""Copy of Large Quote" block" data-block-plugin-id="brick_block:brick:adec4559-60e0-4428-ab65-fe18d71c4d9f"> <div class="component-type--sign-post-quote"> <div id="component-entity-91305"> <div > <div class="signpost-quote--variation"> <blockquote class="quote"> <span class="icon icon--size-65 color-monochrome-1 mr-20"> <svg class="svg"> <use xlink:href="#icon-quote"></use> </svg> </span> <div > <div class="text font-primary-bold text-size-h3 text-align-left color-monochrome-2 pl-30 quote-description"> <p>The future of learning is vibrant, high quality learning experiences that help everyone realise the life they imagine. This Annual Report showcases strong 2023 growth, driven by our five divisions and our continued efforts to create interconnectivity between them, allowing us to serve ever more people through their lifelong learning journey.</p> </div> </div> </blockquote> </div> </div> </div> </div> </div> <div data-layout-content-preview-placeholder-label=""Copy of DOWNLOAD FULL ANNUAL REPORT" block" data-block-plugin-id="brick_block:brick:0c11825f-858d-4c7d-825f-da0b7d466f2f"> <div id="component-entity-91306"> <div class="component-type--configurable-text"> <div > <div class="col-sm-12"> <div class="text color-primary-1"> <p><a class="button-primary" href="/sites/pearson-corp/files/pearson/annual-report-2023/2023-annual-report-and-accounts.pdf" tabindex="0"><span>Download our Annual Report</span></a></p> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-flexible container strategy-parson-quote hidden"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""Copy of Lorem Ipsum" block" data-block-plugin-id="brick_block:brick:7394bb8d-ea2f-4ce0-bd68-7583db425ab2"> <div class="component-type--sign-post-quote"> <div id="component-entity-91309"> <div class="card card--v2 featured-quote img-left"> <div class="featured-quote-wrapper"> <div class="quote-content-block white"> <blockquote class="quote"> <div > <div class="text text-size-h5 color-monochrome-1 mb-30 featured-quote-text"> <p><img alt="" data-entity-type="file" data-entity-uuid="70487c8f-7f77-4ad6-81a2-6cc02410072b" height="43" src="/sites/pearson-corp/files/pearson/investors/agm-2022/quote_graphic.png" width="58" /> Another year of significant strategic, operational and financial progress.</p> </div> <div class="text text-style-uppercase text-size-regular color-monochrome-1 d-xs-inline-flex featured-quote-name"> ANDY BIRD, </div> <div class="text text-style-uppercase text-size-regular color-monochrome-1 d-xs-inline-flex featured-quote-role"> CHIEF EXECUTIVE </div> <a class="button--primary button-primary" href="/sites/pearson-corp/files/pearson/annual-report-2022/Chief_Executive_Review_2022.pdf" aria-label="READ CEO’S REVIEW"> <span> READ CEO’S REVIEW </span> </a> </div> </blockquote> </div> <div class="quote-image-block">  <div class="media shadow-2">  <picture class="image image--background">  <source srcset="/sites/pearson-corp/files/styles/mobile/public/pearson/investors/agm-2022/andy-bird-new.jpg?itok=lrShvzSw 1x, /sites/pearson-corp/files/styles/tablet/public/pearson/investors/agm-2022/andy-bird-new.jpg?itok=TuaJhS-D 2x" media="all and (max-width: 480px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/tablet/public/pearson/investors/agm-2022/andy-bird-new.jpg?itok=TuaJhS-D 1x, /sites/pearson-corp/files/styles/laptop/public/pearson/investors/agm-2022/andy-bird-new.jpg?itok=antlcDDo 2x" media="all and (max-width: 768px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/laptop/public/pearson/investors/agm-2022/andy-bird-new.jpg?itok=antlcDDo 1x, /sites/pearson-corp/files/styles/retina/public/pearson/investors/agm-2022/andy-bird-new.jpg?itok=4jodmJjC 2x" media="all and (max-width: 1366px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/desktop/public/pearson/investors/agm-2022/andy-bird-new.jpg?itok=zxBfWI1X 1x, /sites/pearson-corp/files/styles/retina/public/pearson/investors/agm-2022/andy-bird-new.jpg?itok=4jodmJjC 2x" media="all and (min-width: 1367px)" type="image/jpeg"/>  <img class="img" src="/sites/pearson-corp/files/styles/desktop/public/pearson/investors/agm-2022/andy-bird-new.jpg?itok=zxBfWI1X" alt="ANDY BIRD" typeof="foaf:Image" /> </picture> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="mt-0 layout-flexible container-fluid background-color-secondary-11 no-gutters keyfatcts_center"> <div class="row no-gutters"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""Copy of 2022 Highlights" block" data-block-plugin-id="brick_block:brick:8795c803-d378-4ea4-924b-16ec81f673e4"> <div id="component-entity-91312"> <div class="component-type--configurable-text"> <div > <div class="col-sm-12"> <h2 class="heading h2 text-align-center color-monochrome-2 mb-20"> 2023 Highlights </h2> <div class="text color-primary-1 mb-50"> <p class="text-align-center"><strong>In 2023, our products and services reached<br /> millions and millions of users around the world. </strong></p> </div> </div> </div> </div> </div> </div> <div data-layout-content-preview-placeholder-label=""Copy of key fact" block" data-block-plugin-id="brick_block:brick:bf5068f0-c3b5-482e-9e7e-271675b8122e"> <div id="component-entity-91321"> <div class="three-column left-img-icon three-col-wrapper-fw"> <div id="strategy-content-list-91321" class="component-type--home-section-key-facts-main fld-key-fact-wrap"> <div class="fld-key-fact-elements"> <div class="fld-key-fact-item"> <div id="strategy-content-list-91313" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/pearson/investors/agm-2022/sales_growth_icon.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-description ety-desc"> <p>Achieved underlying sales growth increase of <strong>5%*</strong></p> </div> </div> </div> </div> <div class="fld-key-fact-item"> <div id="strategy-content-list-91314" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/pearson/investors/agm-2022/operating_growth_icon.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-description ety-desc"> <p>Achieved adjusted operating profit of <strong>£573m</strong>, an increase year on year of <strong>31%</strong> on an underlying basis</p> </div> </div> </div> </div> <div class="fld-key-fact-item"> <div id="strategy-content-list-91315" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/pearson/investors/agm-2022/growth_strategy_icon.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-description ety-desc"> <p>Acquired PDRI to drive additional growth in our biggest business: Assessment & Qualifications</p> </div> </div> </div> </div> <div class="fld-key-fact-item"> <div id="strategy-content-list-91316" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/pearson/investors/agm-2022/cost_efficiencies_icon.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-description ety-desc"> <p>Delivered <strong>£120m</strong> cost savings, accelerating Group adjusted operating profit margin expansion to <strong>16%</strong></p> </div> </div> </div> </div> <div class="fld-key-fact-item"> <div id="strategy-content-list-91317" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/pearson/investors/agm-2022/Screenshot%202023-03-06%20091248.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-description ety-desc"> <p>Launched beta versions of generative AI tools in Mastering and MyLab and Pearson+</p> </div> </div> </div> </div> <div class="fld-key-fact-item"> <div id="strategy-content-list-91318" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/pearson/Icon-Calculator.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-description ety-desc"> <p>Strong cash performance, with free cashflow of <strong>£387m</strong> and launched a <strong>£300m</strong> share buyback</p> </div> </div> </div> </div> <div class="fld-key-fact-item"> <div id="strategy-content-list-91319" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/pearson/Image-2-Mobile.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-description ety-desc"> <p>Passed milestone of <strong>1m</strong> cumulative paid subscriptions for Pearson+</p> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div data-layout-content-preview-placeholder-label=""Footer text" block" data-block-plugin-id="brick_block:brick:d28e972f-6875-4337-b116-1497f0531f7e"> <div id="component-entity-91480"> <div class="component-type--configurable-text"> <div > <div class="col-sm-12"> <div class="text color-primary-1"> <p> </p> <p><small>*Taking portfolio adjustments and FX into account and excluding the OPM and strategic review businesses.</small></p> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-flexible container strategy-parson-quote"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""Omar Abbosh Signpost" block" data-block-plugin-id="brick_block:brick:2a70ca84-0345-4bf9-9b49-0aa35a54080a"> <div class="component-type--sign-post-quote"> <div id="component-entity-91324"> <div class="card card--v2 featured-quote img-left"> <div class="featured-quote-wrapper"> <div class="quote-content-block black"> <blockquote class="quote"> <div > <div class="text text-size-h5 color-monochrome-1 mb-30 featured-quote-text"> <p><img alt="" data-entity-type="file" data-entity-uuid="70487c8f-7f77-4ad6-81a2-6cc02410072b" height="35" src="/sites/pearson-corp/files/pearson/investors/agm-2022/quote_graphic.png" width="48" />  Pearson is a strong company with excellent market potential, people committed to our mission, and a purpose that can genuinely help communities.</p> </div> <div class="text text-style-uppercase text-size-regular color-monochrome-1 d-xs-inline-flex featured-quote-name"> Omar Abbosh, </div> <div class="text text-style-uppercase text-size-regular color-monochrome-1 d-xs-inline-flex featured-quote-role"> Chief Executive </div> <a class="button--primary button-primary" href="/sites/pearson-corp/files/pearson/annual-report-2023/read-ceos-review.pdf" aria-label="Read the CEO’s Letter to Shareholders"> <span> Read the CEO’s Letter to Shareholders </span> </a> </div> </blockquote> </div> <div class="quote-image-block">  <div class="media shadow-2">  <picture class="image image--background">  <source srcset="/sites/pearson-corp/files/styles/mobile/public/pearson/omar-image.jpg?itok=SyMogzLV 1x, /sites/pearson-corp/files/styles/tablet/public/pearson/omar-image.jpg?itok=8MDQ3gcw 2x" media="all and (max-width: 480px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/tablet/public/pearson/omar-image.jpg?itok=8MDQ3gcw 1x, /sites/pearson-corp/files/styles/laptop/public/pearson/omar-image.jpg?itok=IDeScejv 2x" media="all and (max-width: 768px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/laptop/public/pearson/omar-image.jpg?itok=IDeScejv 1x, /sites/pearson-corp/files/styles/retina/public/pearson/omar-image.jpg?itok=bKJAkHEL 2x" media="all and (max-width: 1366px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/desktop/public/pearson/omar-image.jpg?itok=EG1GJgTq 1x, /sites/pearson-corp/files/styles/retina/public/pearson/omar-image.jpg?itok=bKJAkHEL 2x" media="all and (min-width: 1367px)" type="image/jpeg"/>  <img class="img" src="/sites/pearson-corp/files/styles/desktop/public/pearson/omar-image.jpg?itok=EG1GJgTq" alt="Omar Abbosh Signpost" typeof="foaf:Image" /> </picture> </div> </div> </div> </div> </div> </div> </div> <div data-layout-content-preview-placeholder-label=""Sally Johnson Signpost - New" block" data-block-plugin-id="brick_block:brick:bf88911f-3df7-4059-9d1f-546df8ef5c51"> <div class="component-type--sign-post-quote"> <div id="component-entity-91396"> <div class="card card--v2 featured-quote img-right"> <div class="featured-quote-wrapper"> <div class="quote-content-block black"> <blockquote class="quote"> <div > <div class="text text-size-h5 color-monochrome-1 mb-30 featured-quote-text"> <p><img alt="" data-entity-type="file" data-entity-uuid="70487c8f-7f77-4ad6-81a2-6cc02410072b" height="35" src="/sites/pearson-corp/files/pearson/investors/agm-2022/quote_graphic.png" width="48" />  We've delivered another strong set of results in 2023. This continued progress underpins our confidence that we're set for another good year in 2024 and on track to meet our 2025 objectives.</p> </div> <div class="text text-style-uppercase text-size-regular color-monochrome-1 d-xs-inline-flex featured-quote-name"> SALLY JOHNSON, </div> <div class="text text-style-uppercase text-size-regular color-monochrome-1 d-xs-inline-flex featured-quote-role"> Chief Financial Officer </div> <a class="button--primary button-primary" href="/sites/pearson-corp/files/pearson/annual-report-2023/cfo-review.pdf" aria-label="Read the CFO’s Review"> <span> Read the CFO’s Review </span> </a> </div> </blockquote> </div> <div class="quote-image-block">  <div class="media shadow-2">  <picture class="image image--background">  <source srcset="/sites/pearson-corp/files/styles/mobile/public/pearson/Sally-image.jpg?itok=m1lcoOuI 1x, /sites/pearson-corp/files/styles/tablet/public/pearson/Sally-image.jpg?itok=Br8aOwp7 2x" media="all and (max-width: 480px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/tablet/public/pearson/Sally-image.jpg?itok=Br8aOwp7 1x, /sites/pearson-corp/files/styles/laptop/public/pearson/Sally-image.jpg?itok=1nXLZM1p 2x" media="all and (max-width: 768px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/laptop/public/pearson/Sally-image.jpg?itok=1nXLZM1p 1x, /sites/pearson-corp/files/styles/retina/public/pearson/Sally-image.jpg?itok=ixQWaSd7 2x" media="all and (max-width: 1366px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/desktop/public/pearson/Sally-image.jpg?itok=1k9Oqu7C 1x, /sites/pearson-corp/files/styles/retina/public/pearson/Sally-image.jpg?itok=ixQWaSd7 2x" media="all and (min-width: 1367px)" type="image/jpeg"/>  <img class="img" src="/sites/pearson-corp/files/styles/desktop/public/pearson/Sally-image.jpg?itok=1k9Oqu7C" alt="Sally" typeof="foaf:Image" /> </picture> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-flexible container-fluid background-color-secondary-11 no-gutters our-strategy-section"> <div class="row no-gutters"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""Copy of Our strategy" block" data-block-plugin-id="brick_block:brick:c4f4527f-cd4d-44b3-8deb-43c330b2f04c"> <div class="component-type--featured-content"> <div id="component-entity-91328" class="feature-content White featured-content-video-img--wrapper "> <div class="organism card card--v2 scalable-media fe-section-reverse-row"> <div class="col-md-6 col-sm-6 col-xs-12 featuredimageblock"> <div class="media image_box"> <div data-layout-content-preview-placeholder-label=""Featured Image" block" data-block-plugin-id="entity_field:brick:field_fc_image"> <img src="/sites/pearson-corp/files/our-strategy-thumbnail-image-8mar.png" width="800" height="533" alt="Strategic Progress" loading="lazy" typeof="foaf:Image" /> </div> </div> </div> <div class="cust-featured-content col-md-5 col-sm-5 offset-md-1 offset-sm-1 col-xs-12"> <div class="sticker"> <div data-layout-content-preview-placeholder-label=""Block title" block" data-block-plugin-id="entity_field:brick:field_featured_block_title"> <div class="text font-primary-light text-style-uppercase text-size-medium"> Strategic Progress </div> </div> </div> <div class="description xs-center background-color-monochrome-1"> <div data-layout-content-preview-placeholder-label=""Featured content title" block" data-block-plugin-id="entity_field:brick:field_featured_content_title"> <h2 class="heading h2"> We want everyone to realise the life they imagine through learning. </h2> </div> <div data-layout-content-preview-placeholder-label=""Description" block" data-block-plugin-id="entity_field:brick:field_fc_description"> <div class="text"> <p>At Pearson, we know few things matter to the world more than education. That’s why we’re all working together to support people on their learning journey, wherever that path takes them. We’re on a journey too, building a company that puts learners at the heart of everything we do through an interconnected ecosystem of digital products and services.</p> <p>2023 was a critical year in Pearson’s progress. We remain focused on executing for our customers and consumers, providing them with vibrant and enriching learning experiences to help them thrive in a changing world. With a strategic focus on the enterprise market and increased energy on new technologies like generative AI, we’re making progress every day towards a future of sustainable, profitable growth for 2024 and beyond. </p> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="remove-tabs layout-flexible container"> <div class="row"> </div> </div> <div class="remove-tabs layout-flexible container bod-full-img"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""Copy of Our Strategy in Action" block" data-block-plugin-id="brick_block:brick:8d53806e-3efa-4527-962c-e7873407136b"> <div id="component-entity-91333"> <div class="component-type--configurable-text"> <div > <div class="col-sm-12"> <div class="text color-primary-1"> <h2 class="text-align-center">Our Strategy in Action</h2> </div> </div> </div> </div> </div> </div> <div data-layout-content-preview-placeholder-label=""Tabs" block" data-block-plugin-id="brick_block:brick:2595a7c1-a1ca-4981-a7b0-c756f9c80c7f"> <div class="component-type--id-tabs-constructor"> <div > <div class="tabs tabs--horizontal background-color-monochrome-1"> <div class="container"> <div class="row"> <div class="tab-list tab-list--bordered tab-list--stretched border-color-primary-1" role="tablist" aria-label="Tabs" aria-orientation="horizontal"> <a href="?tab=copy-of-our-strategy-in-action" id="copy-of-our-strategy-in-action" aria-controls="content-91334" aria-selected="true" class="tab link" role="tab">Copy of OUR STRATEGY IN ACTION</a> <div class="more-tabs"> <a class="tab more-tab link button button--link button--icon-right" role="listbox" aria-haspopup="listbox" aria-expanded="false" tabindex="-1"> More <svg class="svg"> <use xlink:href="#icon-angle"></use> </svg> </a> <div class="secondary-tabs" role="tablist"></div> </div> </div> </div> </div> <div class="tab-content"> <div id="content-91334" aria-labelledby="copy-of-our-strategy-in-action" tabindex="0" class="tab-panel" role="tabpanel"><div class="views-element-container"><div class="board-of-directors js-view-dom-id-4894be189d037e6a0f9c6fc01b32fb9e2b42e9f6274535922705cfe1adb7fb2c"> <div class="accordion js-accordion background-color-monochrome-1 mt-20" data-allow-toggle> <div class="accordion-item"> <div class="container no-gutters"> <div class="row"> <div class="col-xs-12 col-sm-6 col-md-3"> <div id="control-2504" aria-expanded="false" tabindex="0" aria-controls="content-2504-nmjwgzl16j" data-history-node-id="2504" role="article" about="/en-GB/node/2504" class="board-card accordion-trigger js-accordion-trigger card card--v1 scalable-media dynamic-overlay-in overlay-5 xs-end xs-column pt-15 pr-0 pb-0 pl-0" aria-label="Assessment &amp; Qualifications">  <div class="description xs-end pr-15 pb-25 pl-15 pt-25 background-color-monochrome-1"> <h6 class="mb-5 color-monochrome-2"> <span>Assessment & Qualifications</span> </h6> <div class="people-position"></div>  <div class="people-type-class">Type: </div> </div>  <div class="media"> <picture class="image image--background">  <source srcset="/sites/pearson-corp/files/styles/mobile/public/pearson/annual-report-2023/generic-pearson-logo-new.jpg?itok=FuoR5mIY 1x, /sites/pearson-corp/files/styles/tablet/public/pearson/annual-report-2023/generic-pearson-logo-new.jpg?itok=i85JMOT5 2x" media="all and (max-width: 480px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/tablet/public/pearson/annual-report-2023/generic-pearson-logo-new.jpg?itok=i85JMOT5 1x, /sites/pearson-corp/files/styles/laptop/public/pearson/annual-report-2023/generic-pearson-logo-new.jpg?itok=0wPAa9Xa 2x" media="all and (max-width: 768px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/laptop/public/pearson/annual-report-2023/generic-pearson-logo-new.jpg?itok=0wPAa9Xa 1x, /sites/pearson-corp/files/styles/retina/public/pearson/annual-report-2023/generic-pearson-logo-new.jpg?itok=dKo14fio 2x" media="all and (max-width: 1366px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/desktop/public/pearson/annual-report-2023/generic-pearson-logo-new.jpg?itok=b1nEr7zs 1x, /sites/pearson-corp/files/styles/retina/public/pearson/annual-report-2023/generic-pearson-logo-new.jpg?itok=dKo14fio 2x" media="all and (min-width: 1367px)" type="image/jpeg"/>  <img class="img" src="/sites/pearson-corp/files/styles/desktop/public/pearson/annual-report-2023/generic-pearson-logo-new.jpg?itok=b1nEr7zs" alt="" typeof="foaf:Image" /> </picture> </div> <div class="hover_author_showcase"> <span>Assessment & Qualifications</span> <div class='button-secondary'> Read more </div> </div> </div> </div> <div class="col-xs-12 col-sm-6 col-md-3"> <div id="control-2505" aria-expanded="false" tabindex="0" aria-controls="content-2505-oxdyuteju1" data-history-node-id="2505" role="article" about="/en-GB/node/2505" class="board-card accordion-trigger js-accordion-trigger card card--v1 scalable-media dynamic-overlay-in overlay-5 xs-end xs-column pt-15 pr-0 pb-0 pl-0" aria-label="ENGLISH LANGUAGE LEARNING">  <div class="description xs-end pr-15 pb-25 pl-15 pt-25 background-color-monochrome-1"> <h6 class="mb-5 color-monochrome-2"> <span>ENGLISH LANGUAGE LEARNING</span> </h6> <div class="people-position"></div>  <div class="people-type-class">Type: </div> </div>  <div class="media"> <picture class="image image--background">  <source srcset="/sites/pearson-corp/files/styles/mobile/public/pearson/annual-report-2023/pearson-pte-new.jpg?itok=-b1rtTXV 1x, /sites/pearson-corp/files/styles/tablet/public/pearson/annual-report-2023/pearson-pte-new.jpg?itok=_vHKHXK8 2x" media="all and (max-width: 480px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/tablet/public/pearson/annual-report-2023/pearson-pte-new.jpg?itok=_vHKHXK8 1x, /sites/pearson-corp/files/styles/laptop/public/pearson/annual-report-2023/pearson-pte-new.jpg?itok=MDaGzk0B 2x" media="all and (max-width: 768px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/laptop/public/pearson/annual-report-2023/pearson-pte-new.jpg?itok=MDaGzk0B 1x, /sites/pearson-corp/files/styles/retina/public/pearson/annual-report-2023/pearson-pte-new.jpg?itok=TJ100Ifo 2x" media="all and (max-width: 1366px)" type="image/jpeg"/> <source srcset="/sites/pearson-corp/files/styles/desktop/public/pearson/annual-report-2023/pearson-pte-new.jpg?itok=iP6V9d2O 1x, /sites/pearson-corp/files/styles/retina/public/pearson/annual-report-2023/pearson-pte-new.jpg?itok=TJ100Ifo 2x" media="all and (min-width: 1367px)" type="image/jpeg"/>  <img class="img" src="/sites/pearson-corp/files/styles/desktop/public/pearson/annual-report-2023/pearson-pte-new.jpg?itok=iP6V9d2O" alt="" typeof="foaf:Image" /> </picture> </div> <div class="hover_author_showcase"> <span>ENGLISH LANGUAGE LEARNING</span> <div class='button-secondary'> Read more </div> </div> </div> </div> <div class="col-xs-12 col-sm-6 col-md-3"> <div id="control-2506" aria-expanded="false" tabindex="0" aria-controls="content-2506-ki9i6zize3" data-history-node-id="2506" role="article" about="/en-GB/node/2506" class="board-card accordion-trigger js-accordion-trigger card card--v1 scalable-media dynamic-overlay-in overlay-5 xs-end xs-column pt-15 pr-0 pb-0 pl-0" aria-label="PEARSON+">  <div class="description xs-end pr-15 pb-25 pl-15 pt-25 background-color-monochrome-1"> <h6 class="mb-5 color-monochrome-2"> <span>PEARSON+</span> </h6> <div class="people-position"></div>  <div class="people-type-class">Type: </div> </div>  <div class="media"> <picture class="image image--background">  <source srcset="/sites/pearson-corp/files/styles/mobile/public/pearson/stakeholder-and-markets/pearson_logo_22.png?itok=8tAXabLq 1x, /sites/pearson-corp/files/styles/tablet/public/pearson/stakeholder-and-markets/pearson_logo_22.png?itok=EkPl7yjv 2x" media="all and (max-width: 480px)" type="image/png"/> <source srcset="/sites/pearson-corp/files/styles/tablet/public/pearson/stakeholder-and-markets/pearson_logo_22.png?itok=EkPl7yjv 1x, /sites/pearson-corp/files/styles/laptop/public/pearson/stakeholder-and-markets/pearson_logo_22.png?itok=7U49ZxRc 2x" media="all and (max-width: 768px)" type="image/png"/> <source srcset="/sites/pearson-corp/files/styles/laptop/public/pearson/stakeholder-and-markets/pearson_logo_22.png?itok=7U49ZxRc 1x, /sites/pearson-corp/files/styles/retina/public/pearson/stakeholder-and-markets/pearson_logo_22.png?itok=NL7ReRGd 2x" media="all and (max-width: 1366px)" type="image/png"/> <source srcset="/sites/pearson-corp/files/styles/desktop/public/pearson/stakeholder-and-markets/pearson_logo_22.png?itok=dUupZUvt 1x, /sites/pearson-corp/files/styles/retina/public/pearson/stakeholder-and-markets/pearson_logo_22.png?itok=NL7ReRGd 2x" media="all and (min-width: 1367px)" type="image/png"/>  <img class="img" src="/sites/pearson-corp/files/styles/desktop/public/pearson/stakeholder-and-markets/pearson_logo_22.png?itok=dUupZUvt" alt="" typeof="foaf:Image" /> </picture> </div> <div class="hover_author_showcase"> <span>PEARSON+</span> <div class='button-secondary'> Read more </div> </div> </div> </div> </div> </div> <div id="content-2504-nmjwgzl16j" role="article" aria-labelledby="control-2504" hidden="" data-history-node-id="2504" about="/en-GB/node/2504" class="board-card-content-2504 board-card-content js-board-card-content background-color-secondary-11 accordion-panel js-accordion-panel"> <div class="container"> <div class="row xs-start"> <div class="col-xs-1 offset-sm-1 offset-xs-1"> <div class="d-xs-flex"> </div> </div> <div class="col-sm-8 col-xs-10"> <h4 class="mb-15 color-monochrome-2"> <span>Assessment & Qualifications</span> </h4> <strong class="mb-10"></strong> <div class="text color-primary-3"> <p><strong>Opportunity</strong></p> <p>Our Clinical Assessment business represents one of the four sub-divisions within Assessment & Qualifications. We have been a longstanding leader in special education assessment, catering to the requirements of psychologists, educators, speech pathologists, and other professionals that support special learning needs of students. Meeting the growing mental-health and learning support needs of student populations has become increasingly complex, making resource planning for physical assessment products difficult. With our Digital Assessment Library for Schools (DALS) offering, we leverage our expertise and digital innovation to remove the guesswork from resource planning. Our blue-chip portfolio of intellectual property drives much of our competitive advantage as we offer hundreds of products to the market to support a broad array of needs.</p> <p><strong>Progress so far</strong></p> <p>In 2017 we launched DALS, a subscription offering that provides unlimited access to an industry-leading set of testing instruments. Our Special Education customers are no longer forced to commit to specific evaluation products and are freed from having to anticipate inventory and its cost implications. Plus, access to a broader set of instruments allows our professionals to tailor evaluations to the unique needs of individual students.</p> <p>Since its inception, DALS has become the preferred model for Special Education which is outlined by its exceptional growth of 23% year-over-year and a five-year CAGR at nearly 80%.</p> </div> </div> <div class="col-sm-2 col-xs-1"> <a href="javascript:void(0);" class="link-icon icon-size-40 mb-40 js-close-accordion-panel"> <svg class="svg"> <use xlink:href="#icon-close-button"></use> </svg> </a> </div> </div> </div> </div> <div id="content-2505-oxdyuteju1" role="article" aria-labelledby="control-2505" hidden="" data-history-node-id="2505" about="/en-GB/node/2505" class="board-card-content-2505 board-card-content js-board-card-content background-color-secondary-11 accordion-panel js-accordion-panel"> <div class="container"> <div class="row xs-start"> <div class="col-xs-1 offset-sm-1 offset-xs-1"> <div class="d-xs-flex"> </div> </div> <div class="col-sm-8 col-xs-10"> <h4 class="mb-15 color-monochrome-2"> <span>ENGLISH LANGUAGE LEARNING</span> </h4> <strong class="mb-10"></strong> <div class="text color-primary-3"> <p><strong>Opportunity</strong></p> <p>We operate in a c. £6bn addressable market, which integrates three key market segments:</p> <ol> <li>Institutional English Language Learning: an addressable market of approximately £3bn. We offer digital and blended courseware solutions to academic institutions, private language schools and enterprises across the globe.</li> <li>Online self-study language learning, an addressable market of c. £2bn, which we have entered through our acquisition of Mondly.</li> <li>High Stakes Assessments: an addressable market of c. £900m. Our flagship product PTE is a verified, secure certification of English proficiency for international migrants and students.</li> </ol> <p><strong>Progress so far</strong></p> <p>Our high-stakes assessment business saw strong growth of c.50% in 2023, driven by market share gains in key countries like India. The past year has also seen our PTE business earn key approval for the Student Direct Stream and Migration in Canada; these notable recognitions underscore the impact and extensive reach that our initiatives have had within the broader language learning sphere.</p> <p>Our achievements in the broader high-stakes assessment space have been underpinned by a holistic comprehension of the challenges faced by test takers, coupled with a commitment to solving pain points for test takers. We continue to invest in advancing our technological capabilities, seamlessly integrating artificial intelligence and human intervention. This innovation has led to industry-leading score return times and has helped to remove bias in the assessment of language proficiency, setting us apart in the market. Strategic collaborations with local partners in key markets, and impactful hyper-local marketing campaigns, have proven instrumental in scaling our operations and driving sales.</p> </div> </div> <div class="col-sm-2 col-xs-1"> <a href="javascript:void(0);" class="link-icon icon-size-40 mb-40 js-close-accordion-panel"> <svg class="svg"> <use xlink:href="#icon-close-button"></use> </svg> </a> </div> </div> </div> </div> <div id="content-2506-ki9i6zize3" role="article" aria-labelledby="control-2506" hidden="" data-history-node-id="2506" about="/en-GB/node/2506" class="board-card-content-2506 board-card-content js-board-card-content background-color-secondary-11 accordion-panel js-accordion-panel"> <div class="container"> <div class="row xs-start"> <div class="col-xs-1 offset-sm-1 offset-xs-1"> <div class="d-xs-flex"> </div> </div> <div class="col-sm-8 col-xs-10"> <h4 class="mb-15 color-monochrome-2"> <span>PEARSON+</span> </h4> <strong class="mb-10"></strong> <div class="text color-primary-3"> <p><strong>Opportunity</strong></p> <p>We are a leader in the Higher Education courseware market, with millions of students enrolled in courses using Pearson eTextbooks. We want to leverage this market dynamic in two phases:</p> <ol> <li>Shift eTextbook consumption for students directly to Pearson+, and improve monetisation.</li> <li>Engage and retain students with relevant and valuable services beyond eTextbooks, to improve average revenue per user, and ultimately consumer lifetime value.</li> </ol> <p>Pearson+ is currently monetised through paid access to eTextbooks by students where faculty adopt Pearson content in their courses. Our existing Higher Education business provides a large, efficient customer acquisition funnel for Pearson+. Study features, such as Pearson+ Channels, will encourage further use of the application beyond the eTextbook. Over time, Pearson+ users can be further monetised through cross-selling other relevant Pearson products and services, such as Mondly.</p> <p><strong>Progress so far</strong></p> <p>Over 2023, we added and enhanced what students want, including beta AI study features in three titles, improved search, simpler e-commerce, and an overall better user experience.</p> <p>We developed Channels with further video content and practice questions this year. We also began building Pearson+ directly into Learning Management Systems (LMS) to grant students seamless access through Inclusive Access. To provide increased access, we also bundled together Pearson+ eTexbooks and Channels in an affordable “Study and Exam Prep Pack”.</p> <p>For the first time, we saw Pearson+ reach 1 million paid subscriptions in a calendar year, with the total number of Pearson+ registered users reaching 5.1 million by end 2023, validating the platforms appeal and effectiveness in meeting the diverse needs of our audience.</p> </div> </div> <div class="col-sm-2 col-xs-1"> <a href="javascript:void(0);" class="link-icon icon-size-40 mb-40 js-close-accordion-panel"> <svg class="svg"> <use xlink:href="#icon-close-button"></use> </svg> </a> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div data-layout-content-preview-placeholder-label=""Copy of link" block" data-block-plugin-id="brick_block:brick:dabacb43-638b-4cb3-a1f5-356c8a8e061a"> <div id="component-entity-91336"> <div class="component-type--configurable-text"> <div > <div class="col-sm-12"> <div 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