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March 29, 2011By Sarah Weinman

Random House Revenues and Profits Grow Thanks To Digital Market Boost

March 29, 2011By Sarah Weinman

Compared to the cautious and wary tone struck by Random House and its parent company Bertelsmann the year before, a wave of optimism was clearly evident in their reporting on fiscal year 2010 results. Company revenues rose 6.1 percent to €1.828 billion, while operating EBIT rose by 26.3 percent to €173 million. (That brings them almost back to levels last reached in fiscal 2007, when they reported sales of â‚¬1.837 billion ad EBIT of â‚¬173 million, both down at the time from fiscal 2006.) Digital sales rose 250% over the previous year, comprising approximately 10 percent of US revenues. Among major contributors, […]

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Filed Under: Earnings Reports, Finance, Publishers

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