Perason announced preliminary results for their full year 2025, further to the brief trading update they released in January. Actual topline sales for the year were barely about flat at £3.577 billion, only £25 million higher than a year ago, though the company reports “underlying” sales growth of 4 percent. Sales suffered due to currency exchange. Statutory operating profit of £507 million was down £34 million, but they take heart that adjusted operating profit rose 6 percent to £614 million, due to the growth and sales and cost savings, “partially offset by investment and inflation.” Profits fell due in part […]
Earnings Reports
Hachette Shows Gains in 2025
Lagardere released financial results for the fourth quarter and full year 2025, reporting publishing sales of €841 million for the quarter, up 1.8 percent on the company’s like-for-like basis (more akin to what other companies call “adjusted revenue”), and €3.001 billion for the year, up 2.7 percent like-for-like and 4.5 percent as reported, gaining €128 million overall. Recurring EBIT was €312 million, up just €2 million and EBITA was €308 million, up 7 percent. Fourth quarter sales were up €42 million from the previous year, as recent acquisitions added €54 million in the period, balanced by a €27 million negative […]
Higher Ed Growth Helps McGraw Hill in Q3
McGraw Hill reported earnings for the third quarter ended December 31, with sales of $434.2 million, gaining 4.2 percent due to significant growth in the higher education segment. Adjusted EBITDA was $135.9 million, up 7.7 percent. The higher education business grew 24 percent to $225.4 million, “driven by record market share, value-based pricing, and favorable enrollment trends.” The K-12 business fell 14.6 percent to $128.2 million. The company again updated their guidance for the year, after raising it in November. They now expect between $2.067 billion and $2.087 billion in sales for the year and adjusted EBITDA between $729 million and […]
Storytel Profits Jump in 2025
Swedish audiobook company Storytel released its financial report for the fourth quarter and fully year 2025, announcing their highest-ever annual profits. “Our integrated streaming and publishing strategy delivered record profitability and cash flow generation for 2025, ceo Bodil Eriksson Torp said in a release. “As we enter 2026, we are focused on scaling this momentum by leveraging AI-driven innovation to lead the future of storytelling.” For the quarter, sales were up 7 percent (or 12 percent at constant exchange rates) to SEK1.09 billion ($115.9 million), with SEK918 million in the streaming segment (up 5 percent) and SEK367 (up 11 percent) […]
Christian and Frontlist Books Boost Harper Sales to Record Quarter
News Corp. reported earnings for the second quarter ended December 31, with sales at Harper Collins up 6 percent ($38 million) to $633 million — a record for the quarter — helped by a $15 million gain from recent acquisitions and strong print book sales, particularly in frontlist and Christian titles. The unit also gained $8 million from currency exchange. CEO Robert Thomson called it “a significant recovery after a sluggish first quarter, and we have mounting optimism for the second half of the year.” That comes in part from the breakout success of Rachel Reid’s hockey romances, along with […]
BNED Hits Profit Expectations
Barnes & Noble Education has released results for the first and second quarters of their 2026 fiscal year, after delays due to an investigation into incorrect reporting. In the first half, ended November 1, sales grew 7.7 percent to $932.6 million, just shy of the expectations the company released in November. Net income and Adjusted EBITDA fell within their expected ranges: Net income was $6.7 million, compared to a loss of $60.8 million the previous year. Adjusted EBITDA was $38.3 million, up 13 percent. Comparable store sales grew 6 percent and First Day programs were up 29 percent. “Building on […]