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Earnings Reports

For the Record: Paramount Still Selling S&S

February 17, 2023
By Michael Cader

While Paramount Global did not mention their book publishing division during their investor call on Thursday, the 10-K filed with the SEC later in the day officially reaffirms yet again their plans to sell: “Simon & Schuster remains a noncore asset as it does not fit strategically within our video-based portfolio. We expect to enter […]

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Storytel Gains 22 Percent in 2022, Suspends Guidance

February 16, 2023
By Katy Hershberger

Swedish streaming company Storytel released their official year-end earnings report after a brief quarterly update in January, with net sales up 22 percent in 2022 to SEK3.2 billion ($293 million), due to the acquisition of Audiobooks.com, organic growth, and positive foreign exchange. Operating loss was SEK(389) million compared to SEK(350) million last year. The company […]

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Simon & Schuster Celebrates Record Year

February 16, 2023
By Michael Cader

As was clearly in the works but is now official, Simon & Schuster is celebrating an “extraordinary, stratospheric” and record year — “the greatest year in the history of Simon & Schuster” — far exceeding $1 billion in sales for the first time ever and capping a three-year run of record results. Sales were a […]

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Lagardere Publishing Gains on Acquisitions and FX, Falls on Comp Basis

February 15, 2023
By Michael Cader

Lagardere reported fourth quarter and full-year results on Wednesday after the market close in Paris. Sales at Lagardere Publishing were €752 million for the fourth quarter, down €20 million compared to the previous year, a 2.6 percent decline overall (and down 8.1 percent on a like for like basis). Foreign exchange provided a €21 million […]

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Indigo’s Holiday Sales Offset Soft Start to the Quarter

February 10, 2023
By Katy Hershberger

Indigo reported fiscal third quarter earnings at the close of trading yesterday, one day after experiencing a cyber incident on Wednesday that continues to shut down the company’s website and all electronic in-store sales. Sales were $422.7 million, down 1.9 percent from $430.7 million last year. Adjusted EBITDA was $40.8 million, down from $52.0 million, […]

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Harper Sales Fell 14%; Offset By Lower Employee Costs

February 10, 2023
By Katy Hershberger

News Corp. reported fiscal second quarter earnings on Thursday for the period ended December 31, with sales at Harper Collins of $531 million, a 14 percent decline from $617 million in 2021, attributed to lower book sales “due to slowing consumer demand industry-wide, difficult frontlist comparisons and some logistical constraints at Amazon.” The strong dollar […]

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RSS Automat

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