• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register

Publishers Lunch

The Publishing Industry's Daily Essential Read

  • Publishers Marketplace
  • Site Guide
  • Help

Sales and Profits Rise at Wiley, Though “Consumer” Books Are Weak

September 9, 2010
By Michael Cader

Wiley announced first quarter sales of $408 million, up 5 percent, including “strong growth” in the professional/trade and higher ed divisions, as operating income rose 13 percent to $63 million.

Professional/trade sales of $100 million were up 11 percent overall (and 10 percent in the US), with contribution to profit of $22 million, due to “top line growth, product mix, and higher-margin eBook sales, partially offset by increased employment costs.” As a category, however, “consumer” books were the weakest part of the portfolio, falling 7 percent.

Wiley says trade/professional ebooks doubled in the quarter to “nearly $4 million.” They now have 2,000 titles in the iBookstore (compared to 9,000 titles in the Kindle store) and acknowledge signing an agreement for Google Editions in June.

In the release, ceo William Pesce notes: “During the past decade, technology investments have transformed our business by opening new distribution channels and revenue streams, which are enabled by innovative business models. Wiley is providing more access to more content by more people around the world than ever before in its 203-year history.”
Release

Filed Under: Earnings Reports, Free, Publishers

sidebar

Primary Free Sidebar

Login


Forgot password
Quick Pass users click here to log in
Get Full Access
The publishing industry's essential daily read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • How Lester Del Rey "Invented Fantasy Fiction As We Know It" October 2, 2023 Dan Sinykin Excerpt, Slate
  • John Grisham's "Enduring Charm" October 2, 2023 Time
  • Michael Lewis Writes Sam Bankman-Fried "Was Told" Trump Wouid Drop Out of Presidential Race for $5 Billion October 2, 2023 Washington Post
  • If or When Amazon Wants to Identify Books Made By AI, Software Detection Companies Say They Are Ready September 29, 2023 Wired
  • Cundhill History Prize Shortlist Announced September 28, 2023 Prize site
  • Nobel for Literature to be Announced October 5 September 28, 2023 NYT
  • With Sales Down 30% on Book Bans, Levine Querido Authors Raise Over $100,000 In Auction September 27, 2023 PW
  • Taylor & Francis to Make Voluntary Separation Offer; Threatens Layoffs to Follow September 25, 2023 Bookseller
  • Rupert Murdoch to Retire from News Corp and Fox Boards September 21, 2023 NYT
  • OpenAI's New DALL-E3 Lets Artists Opt-Out of Future Training; Rejects Request to Mimic the Style of Living Artists September 20, 2023 TechCrunch
© 2023 Publishers Lunch. All Rights Reserved.