Bloomsbury announced preliminary financial results for the year ended February 28 with sales of £326 million, down 9.7 percent from £361 million the previous year. Profit before taxation and highlighted items was up 7 percent to £44.9 million. In a statement that doesn’t fully align with the results, ceo Nigel Newton said in a release, “We have successfully pursued our long-term strategy of combining consumer and academic publishing which has created a portfolio of portfolios—a model that continues to provide Bloomsbury with diversification and resilient success.” In the consumer division, sales of £218 million were down £60 million or 21 […]
Earnings Reports
Correspondent, KPop Drive PRH in Q1
Bertelsmann shared a brief announcement on their financial results for the first quarter, noting that the company as a whole had €4.4 billion in sales, compared to €4.5 billion the previous year. Penguin Random House “delivered a strong business performance,” based on sales of Virginia Evans’s The Correspondent and Angela Song’s For the Fans! (KPop Demon Hunters), which sold 1.6 million copies in the US, UK, Canada, Germany, and Spain during the quarter, plus film-tie in editions of Andy Weir’s Project Hail Mary and Emily Brontë’s Wuthering Heights.
Harper Gains in the Quarter
News Corp. reported earnings for their third quarter ended March 31, with sales at Harper Collins up 8 percent ($41 million) to $555 million, a new record for the quarter. Results were “driven by higher physical and digital book sales led by Rachel Reid’s Game Changers,” and helped by a $6 million gain from recent acquisitions and $12 million from currency exchange. (Adjusted sales were therefore up 4 percent.) EBITDA rose 14 percent to $73 million due (up $9 million). Increased ebook sales led to a 2 percent increase in digital sales. The company reports that digital made up 26 […]
Pearson Shows Moderate Growth in Line with Expectations
Pearson released a brief trading update for the first quarter, announcing a 4 percent increase in sales. “We have had an encouraging start to the year, with a good performance in line with our expectations and continued progress against our strategy,” ceo Omar Abbosh said in the report. “We are executing with discipline, advancing our core business and enterprise offerings, while applying innovative technologies to enhance learner experiences. We remain confident in the momentum we are seeing for 2026 and in our ability to deliver attractive growth for our shareholders.” Sales in the Higher Education segment, which includes textbooks, gained […]
Storytel Profits and Subscribers Grow, As Sales Fall in the Americas
Swedish audiobook company Storytel announced results for the first quarter, reporting sales of SEK 979 million (about $107.2 million), up 3 percent from the previous year. Operating profit grew 61 percent to SEK 88 million. EBITDA was up 21 percent to SEK 163 million. “Storytel Group entered 2026 with clear momentum, supported by robust subscriber growth, continued margin expansion, and strong cash flow generation,” ceo Bodil Eriksson Torp said in a release. She continued, “We delivered a solid financial performance in the first quarter, characterized by steady organic growth and improving profitability.” Streaming segment sales were SEK 877.5 million, up […]
HBG Gains 2 Percent in The First Quarter of 2026
Lagardere announced financial results for the first quarter of 2026, with publishing sales of €615 million, down 1.1 percent as reported and up 1.4 percent on a like for like basis. (There was a €24 million negative currency effec,t as the US dollar, British pound, and Japanese yen fell compared to the euro.) Like for like, sales at Hachette Book Group in the US grew 2 percent, based on strong frontlist titles. Sales at Hachette UK fell 4 percent on an unfavorable comparison, since the same period in 2025 had Rebecca Yarros’ Onyx Storm. French sales grew 1 percent. The […]