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 […]
Earnings Reports
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 […]
Without a New Hunger Games Book, Scholastic Trade Sales Fall 20 Percent in Q4
Scholastic released its fourth quarter and full year earnings report, with sales down in both periods as success in book fairs and entertainment could not offset declines in trade sales. “Today, our company is more clearly organized around the advantages that make Scholastic distinctive: a trusted brand, beloved IP, proprietary school-based channels and deep relationships with educators and families built over more than a century,” ceo Peter Warwick said in a release. “Scholastic remains uniquely positioned to connect books, schools, homes and screens in ways that deepen kids’ engagement with stories and bring more children back to reading at a […]
BNED Expects Sales, Profits to Rise in 2026
Barnes & Noble Education announced preliminary results for the fiscal year ended May 2, with expected sales between $1.710 and $1.720 billion, up about 6.2 to 6.8 percent or $100 to 110 million from 2025. Adjusted EBITDA is projected to be $75 to 77 million, up 26 to 30 percent from $59.4 million. Net income is $15 to 18 million, compared to a $(65.8 million) loss last year, attributed to growth in their First Day Complete program. (In 2025, they took a $55.2 million loss to pay down debt.) This is the first year the company has recorded net income […]
Wiley Expects AI Sales to Multiply
On a call with investors this week, Wiley gave additional information about their partnerships for AI development. As reported, the company made $49 million through AI licenses in the 2026 fiscal year, up from about $40 million in 2025 and $23 million in 2024, and they expect to grow to more than $50 million next year. Recurring revenue was $1 million in the year ending in 2025, $8 million in 2026, and is expected to double or triple next year. “We expect a strong growth trajectory from there as we uncover more data set opportunities in our portfolio, rollout intelligence […]