HMH reported results for the first quarter ending March 31. At HMH Books and Media, sales were $38.3 million, compared to $40.8 million last year. The decrease was primarily due to licensing revenue from the Carmen Sandiego series on Netflix, which did not repeat in the first quarter, but is expected later in the year. Net loss for Books and Media was $2.8 million, compared to $4.5 million last year. Adjusted EBITDA showed a loss of $680,000, compared to a gain of $4.2 million last year. For HMH overall, sales were $190 million, compared to $195 million a year ago. […]
