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July 26, 2019By Sara Grace

Pearson Focuses Hopes on 2020 for Return to Growth, While Amazon Disappoints

July 26, 2019By Sara Grace

Pearson reported half-year results for 2019 on July 26, with sales down to £1.83 billion, from £1.87 billion the first half of last year. The sale of their US K-12 company reduced sales by £141 million, with the strengthening dollar adding £69 million. Adjusted operating profit was up to £144 million from £107 million last year. Penguin Random House, in which Pearson has a 25 percent stake, “performed in line with our expectations with revenue growth on an underlying basis due to a rise in print and audio sales, which were partially offset by lower ebook sales.” As for specific […]

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Filed Under: Booksellers, Earnings Reports

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