Bertelsmann released half year results for 2024, with sales at Penguin Random House of €2.276 billion ($2.46 billion), up 8.5 percent, compared to €2.098 billion a year ago, “largely attributable to publishing acquisitions” along with organic growth in the US and Spanish-speaking businesses. Adjusted operating EBITDA was up 12.8 percent or €33 million to €291 million, due to sales and “savings achieved largely through the reorganization of the US business.” Ashley Elston’s First Lie Wins was the top fiction title for the period, while James Clear’s Atomic Habits was the top nonfiction and top backlist title. The next best selling […]
