Archive | Earnings Reports RSS feed for this section

Bloomsbury Repositions to Focus on Academic and Professional; Charkin to Step Back In 2017

Bloomsbury is reorganizing itself again (the last time was in 2011), simplifying its structure to Consumer (trade) and Non-Consumer division, while declaring its intention "to become primarily a non-consumer publisher in the B2B academic and professional information market." Driven in part by a new digital publishing plan, the company "aims…

Login to read more, or join Publishers Marketplace as a member

Lagardere Publishing Down Modestly, As HBG USA Sales Fall 10 Percent

Lagardere reported first quarter earnings, with publishing sales of €415 million down €6 million or 1.4 percent (and declining 2.1 percent on a like-for-like basis). The results include a €5 million contribution from the acquisition of Rising Stars in the UK a year ago. (The Perseus acquisition did not close until April 1 and will…

Login to read more, or join Publishers Marketplace as a member

TV, Services and Education Lift First Quarter Bertelsmann Results

Bertelsmann issued a brief first quarter performance update, with sales rising less than one percent to €3.95 billion, as group profit rose, up €42 million to €185 million. The credit goes to RTL Group's European broadcasting and international TV production businesses, Arvato's services businesses, and Relias' education business (with an assist from…

Login to read more, or join Publishers Marketplace as a member

Sales Fall 11 Percent At HarperCollins

News Corporation reported fiscal third quarter earnings after the close of the market on Thursday, with sales falling $44 million at HarperCollins, down 11 percent to $358 million for the period. The impact on EBITDA was sharper, at $36 million, down $20 million from a year ago. The company blamed "lower revenues…

Login to read more, or join Publishers Marketplace as a member

Trade Falls at HMH In First Quarter

Houghton Mifflin Harcourt reported first quarter sales, with revenues of $206 million, up from $163 million a year ago, primarily on the addition of Scholastic's EdTech business. The seasonal net loss of $165 million was $5 million (or 3 percent) higher than a year ago. In education, there was a "decline…

Login to read more, or join Publishers Marketplace as a member

A Flat Quarter for Simon & Schuster

Simon & Schuster's parent company CBS reported first quarter results after the close of the market on Tuesday, with the publisher reporting flat sales of $145 million, as operating income was up $1 million to $13 million, "primarily reflecting lower production and selling costs" and driven by "operating efficiencies." While sales…

Login to read more, or join Publishers Marketplace as a member

Corporate: Pearson Has Expected Q1 Decline, As CBS Considers Buyout of Redstone Shares

Pearson issued a first quarter "trading update" in connection with their annual meeting. As expected, results were weak, with overall sales down 6 percent, "in line with expectations." They say Penguin Random House "had a solid first-quarter performance with a strong bestseller performance and net integration benefits partly offset by…

Login to read more, or join Publishers Marketplace as a member

Amazon Has Better-than-Expected Profit

Amazon reported first quarter sales on Thursday afternoon following the close of the market, with net income of $513 million (or $1.07 per share) that was almost double what analysts were expecting. The company's shares are up close to 10 percent in early Friday trading as a result. Net sales…

Login to read more, or join Publishers Marketplace as a member

Apple Falls Below Low Expectations -- But "Services" Still Grows

As expected, Apple reported the first year-over-year quarterly decline in revenue in more than a decade, as sales of $50.56 billion fell below analysts' lowered expectations. Sales were down in every region except Japan, with China and the rest of Asia declining more than the US (-10%) and Europe (-5%).…

Login to read more, or join Publishers Marketplace as a member

Google Play Gains Again, Even As Earnings Are Below Analysts' Estimates; Apple China iBooks Shutdown Confirmed

The headline from Thursday afternoon's earnings release from Alphabet/Google was that earnings came in below analysts' expectations, with first quarter sales of $20.3 billion up 17 percent. In the segment we follow, the glamorous "Other revenue" that incorporates the Google Play store, sales of $2.1 billion were up 24 percent…

Login to read more, or join Publishers Marketplace as a member