Bertelsmann announced results for the full year 2025. Sales at Penguin Random House globally were €4.981 billion, up 1.3 percent (or €61 million from the previous year), with organic growth up 3.3 percent. Adjusted operating EBITDA fell 4.7 percent, down €35 million to €704 million “primarily due to growth-related expenses in the US core business along with negative exchange rate effects,” the earnings report states. Foreign exchange reduced sales by 3.9 percent, in large part due to the weakened US dollar. “Despite increased revenues, our profitability continued to be impacted by rising costs that all of us are feeling in […]