Scholastic announced financial results for the first quarter ended August 31, with sales down 4 percent to $217 million, due to lower sales in the Education and Children’s Book Publishing and Distribution divisions, plus the loss of rental income on their New York City office building. Operating loss was even with the previous year at $(92.2) million, including a one-time charge of $3.5 million. Adjusted EBITDA fell 14 percent to $(63.6) million based on stronger sales in the Entertainment and International segments, but higher overhead costs. Sales in Children’s Book Publishing and Distribution fell 3 percent to $105.8 million. Trade book sales were […]
Earnings Reports
Fewer AI Licenses Drive Wiley to a Soft Quarter
Wiley reported earnings for the first quarter of fiscal year 2027 ended July 31, with sales of $386 million, down 3 percent from $397 million in the same period the previous year. Operating income was $2.9 million compared to $31 million last year. Adjusted EBITDA fell 4 percent to $67.8 million. Income from AI licenses was $14 million. “We delivered the quarter we planned for, and the momentum between Research and AI keeps building: Research is fueling the trusted content that accelerates AI, and AI is driving the productivity that accelerates Research,” president and ceo Matthew Kisner said in a […]
Penguin Random House Rises Modestly In First Half
Bertelsmann reported results for the first half of 2026, with sales at Penguin Random House of €2.376 billion, up €53 million (or 2.3 percent), helped by the integration of Wonderbly, acquired in June 2025. Operating EBITDA adjusted fell modestly again, down to €251 million, €4 million lower than a year ago, “due to higher costs and negative exchange rate effects.” Penguin Random House US “recorded a slight increase in revenue” as “the audiobook publishing business also made positive contributions,” at €1.381 billion, compared to €1.376 billion a year ago. In dollars, the performance looks better, translating to $1.611 billion this […]
Higher Education Sales Continue to Grow at McGraw Hill
McGraw Hill announced results for the first quarter ended June 30, reporting sales up 3 percent to $550 million, higher than expectations. EBITDA was $198 million, up 7 percent, and adjusted EBITDA grew 8 percent to $207 million. Net income of $57.9 million was a big improvement from less than $1 million a year ago. Shares were up over 11 percent in the first hour of trading on Thursday on the stronger than expected sales and improved earnings. “McGraw Hill’s strong start to fiscal year 2027 reflects the strength of our strategy and the trust that millions of educators and […]
Harper Reports Strong Fourth Quarter, Record Full-Year Sales
News Corp announced financial results for the fourth quarter and full year 2026, with fourth quarter publishing sales at $566 million, up $72 million (or 14.6 percent) from a year ago, “driven by higher physical and digital book sales, which included strength in general books, the UK and children’s publishing.” Digital sales were up 12 percent in the period, with audiobook sales growing 16 percent, “driven by strong growth at both Spotify and Audible.” EBITDA of $57 million was up $7 million from a year ago, with foreign exchange contributing $3 million. Costs rose in line with sales, with the […]
Lagardere Publishing Sales Flat In Second Quarter
Lagardere announced results for the second quarter, with publishing sales flat at €728 million. “Lagardère Publishing demonstrated its resilience in challenging markets thanks especially to the strength of its diversified businesses,” chair and ceo Arnaud Lagardère said in a release. “In the trade segment, the portfolio benefited from publishing successes and robust international backlist sales. The division is also enjoying very good momentum in Spain and Latin America, while Board Games and Partworks are continuing to support growth.” In the first half of the year, publishing sales were €1.343 billion compared to €1.349 billion last year, down 0.4 percent, though […]