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February 5, 2015By Michael Cader

Harper Has Flat Quarter Before Harlequin Gain

February 5, 2015By Michael Cader

HarperCollins’ parent company News Corp. reported second quarter fiscal year sales for the period ending December 31 after the close of the market on Thursday. On an adjusted basis, before adding in the recently-acquired Harlequin, Harper’s sales were flat at $392 million, with EBITDA down 4 percent to $65 million — but pretty much a win for the publisher since it compares to the period a year ago when Veronica Roth’s Divergent trilogy was taking off. The company cites “strong performances in children’s and general books resulting from higher backlist sales during the holiday season, which largely offset the lower revenues […]

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Filed Under: Earnings Reports, Publishers

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