Pearson PLC (XTER:PES)

€ 14.845 0.02 (0.13%) Market Cap: 9.84 Bil Enterprise Value: 11.38 Bil PE Ratio: 24.86 PB Ratio: 2.17 GF Score: 70/100

Half Year 2023 Pearson PLC Earnings Call Transcript

Jul 31, 2023 / 08:30AM GMT

Release Date Price: €10.09 (-0.39%)

Transcript

Joanne Russell

Pearson plc - SVP of IR, Financial Communications & ESG

Good morning, everyone, and welcome to Pearson's 2023 interim results. Today, we'll host a presentation followed by a Q&A session. (Operator Instructions) And with that, we will commence.

(presentation)

Ebrahim Matthews

Our Pearson Test of English is a flagship product in our English portfolio and the speaking and writing portion of the test is 100% AI scored. It is one of the most critical ways that we are using AI at Pearson, especially when you consider we administered 800,000 tests last year.

Hi, I'm Ebrahim Matthews, Senior Vice President of Product for English Language Learning at Pearson. AI enables us to deliver results quickly, accurately and without bias. All of these results are based on our proprietary global scale of English which gives test takers a score that allows them to pinpoint their proficiency and to track progress. As a nonnative speaker, I have personally experienced the impact that proficiency in English can have on one's life and career. The

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