Bertelsmann reported financial results for 2021, with Penguin Random House showing increased revenues and operating results “thanks to numerous successful new releases, robust backlist sales and continued high demand for digital audiobooks.” Sales were €4.03 billion, up 6 percent from €3.802 in 2020. Operating EBITDA was €755 million compared to €691 million, a 9.2 percent increase. The company noted, “In addition to the recovery of the advertising-financed businesses, the positive performance of the book publishing and services businesses was a key factor in this strong revenue growth.” US-based sales were €2.275 billion, up €67 million. (That growth is made smaller […]
