Publishing financial results were a mixed bag in 2023, with some publishers “flying high” (Simon & Schuster, Bloomsbury) and some falling (Hachette, Scholastic), while others saw a bit of both (Harper Collins). According to the AAP, trade book sales faltered slightly in the first three quarters, and while some publishers have reported lower overall book sales and continued supply chain pressures, others are reaping the benefits of increased interest in commercial and genre fiction. Penguin Random House Bertelsmann expects full-year sales to be “moderately” over last year, with a flat operating profit and a slight decline in EBITDA. As yet, […]
