News Corp reported results for the third quarter ended March 31, with sales at Harper Collins flat at $515 million. Higher sales in the Christian division made up for a 2 percent negative FX impact. The company’s top titles in the quarter were The Courage to Be Free by Ron DeSantis, Demon Copperhead by Barbara […]
Earnings Reports
SPARE Drives Q1 for Penguin Random House
Bertelsmann announced headline results for the first quarter of 2023, with sales up 5.6 percent to €4.8 billion and organic growth of 2 percent. They maintained their full-year forecast of “moderate to significant revenue growth and a stable operating result,” according to cfo Rolf Hellermann. Penguin Random House was a “main revenue driver” for the […]
Simon & Schuster Keeps Growing In Q1, As Paramount Acknowledges Sale Process Has “Restarted”
Simon & Schuster continued its hot streak in the first quarter of 2023, reported Thursday morning by parent company Paramount Global, with sales of $258 million, up $41 million from a year ago, and operating income of $58 million, up $8 million. As ceo Jonathan Karp wrote to staff, “All of our publishing divisions increased […]
Pearson Higher Ed Sales Drop 5%, As Expected
Pearson announced a brief trading update on results for the first quarter of 2023, with overall sales up 2 percent and sales excluding Online Program Management (which is up for sale) and international courseware local publishing (which is being wound down) were 6 percent. “Performance in each of Pearson’s divisions in line with or ahead […]
WH Smith Celebrates Only Small Declines at Their Bookstores
With WH Smith’s High Street bookstores in a long, steady decline, the parent company’s earnings report for the first six months shows only light falloff from last year’s comps. Sales of £266 million were down just £4 million from the same period a year ago, with trading profit of £24 million down £2 million. The […]
HBG US Falls in First Quarter, While Lagardere Publishing Sales Grow Around the World
Lagardere announced results for the first quarter of 2023, with publishing sales of €570 million, up 3 percent as reported and 1 percent on a like-for-like basis from last year. “In a less dynamic market, Lagardère Publishing maintained strong trading momentum. The difference between reported and like-for-like revenue is primarily attributable to a €12 million […]