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Earnings Reports

Storytel Meets Its Growth Goals for 2020, Sets Aggressive New Targets

April 1, 2021
By Sara Grace

Swedish audiobook subscription service Storytel published its 2020 annual report, with total sales of SEK 2.39 billion ($268 million), up from SEK 1.84 billion, exceeding its goal for the year despite a strong Swedish krona. The company’s pretax loss was SEK (210) million, an improvement from SEK (380) million last year, though the company remains…

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PRH Gains in 2020 On “Growing US Business” and Digital Increases

March 30, 2021
By Sara Grace

Bertelsmann reported financial results for 2020, with Penguin Random House showing substantial gains in profit and a strong sales performance with meaningful “organic” sales growth for the first time since Penguin and Random House merger (see table below), helped by a string of acquisitions in 2019. Sales were €3.802 billion, up €166 billion from 2019,…

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Bloomsbury Upgrades Expectations for Fiscal Year After “Exceptional” February

March 24, 2021
By Sara Grace

Ahead of their formal annual report in June, Bloomsbury announced a “second upgrade” in expectations, after “exceptional” February sales in consumer books, led by Sarah J. Maas’ just-published A Court of Silver Flames. Due to the pandemic the company never issued formal guidance for the fiscal year, which ended February 28; rather, they have benchmarked…

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Quarto Holds onto Modest Profit Despite 7% Sales Decline in 2020

March 22, 2021
By Sara Grace

Quarto reported earnings for the year ended December 31, 2020, with sales of $127 million, down from $136 million, a decline of 7 percent. US sales of $76 million were down by $4 million, as were non-UK sales in Europe of $17.4 million. Operating profit was $9.3 million, up modestly from $8.8 million, due to lower administrative expenses….

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Scholastic Trade Up Slightly, While Book Fairs Weigh Heavily on Overall Results

March 19, 2021
By Sara Grace

Scholastic reported earnings for the fiscal third quarter ended February 28, with sales of $278 million, a decrease of $96 million, down 26 percent. The decline was mainly due to lost sales in its big book fair business (where sales of $27 million were down 73 percent, a $73 million shortfall) as many schools remained…

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Barnes & Noble Education’s Struggle Continues; WH Smith Improves Its Burn Rate

March 9, 2021
By Sara Grace

Barnes & Noble Education reported earnings for the third fiscal quarter ended January 30, with sales of $412 million, compared to $503 million last year, a decline of 19 percent. While sales were better than analysts’ expectations, earnings were worse, with net loss of $(48) million, down from $(2) million last year. The loss included…

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RSS Automat

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  • Scholastic and Dav Pilkey Withdraw 2010 "The Adventures of Ook and Gluk" Because It "Perpetuates Passive Racism" March 28, 2021 Press Release
  • Richard Wright's Native Son and Black Boy Were Significantly Redacted Due to BOMC; Harper Rejected His Novel The Man Who Lived Underground March 25, 2021 Oprah Daily
  • Machado's In The Dream House Wins Folio Prize March 24, 2021 Prize site
  • ABA Whitepaper: Amazon Is an Illegal Monopoly March 18, 2021 ABA
  • Amazon Tells Senators, "We have chosen not to sell books that frame LGBTQ+ identity as a mental illness" March 12, 2021 WSJ
  • Netflix and Hachette Livre to Make Asterix Animated Series March 3, 2021 Deadline
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