News Corp reported fourth quarter and full year sales, with a strong final quarter at Harper Collins: Publishing sales grew 15 percent to $512 million. Top titles in the quarter include Julia Quinn’s Bridgerton Series, Lucy Foley’s The Midnight Feast, and Sarah A. Parker’s When the Moon Hatched, with strong Bible sales, and improved return rates as well. EBITDA was $57 million, compared to $16 million last year, attributed to strong sales “and lower manufacturing costs driven by product mix, partially offset by higher employee costs.” The Spotify effect continued as well, as digital audiobook sales exceeded ebook sales for […]
