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Penguin Random House Has Strong First Half Profits, Is Lifted by Continuing Bestsellers and Acquisitions

August 29, 2019
By Michael Cader

Bertelsmann reported results for the first half of the year on Thursday, with sales at Penguin Random House+ (the PRH joint venture, plus the separate Random House Germany) registering €1.650 billion, up €168 million from a year ago. Operating EBITDA grew to €227 million, up €56 million compared to the first half of 2018. As PRH ceo Markus Dohle celebrated in his letter to staff, “Penguin Random House’s top- and bottom-line revenue is up overall in most of our key markets.” Bertelsmann attributed the gains to strong bestsellers (Michelle Obama’s BECOMING — which sold another 2.8 million units in the […]

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Filed Under: Earnings Reports, Publishers

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