HarperCollins reported their fiscal third quarter, ending March 31, with sales rising 14 percent to $354 million and EBITDA gaining even more, nearly doubling to $53 million (compared to sales of $311 million and EBITDA of $29 million a year ago). As noted in the previous quarter, the company cited “the higher contribution to profits from ebooks and ongoing operational efficiencies coupled with higher revenues” for the strong earnings. Veronica Roth’s Divergent series continued to bolster sales, accounting for 8 million net units for the quarter. eBook revenues represented 26 percent of overall sales for the quarter, up 46 percent from a […]
