Publishers

Lagardere announced results for the second quarter, with publishing sales flat at €728 million. “Lagardère Publishing demonstrated its resilience in challenging markets thanks especially to the strength of its diversified businesses,” chair and ceo Arnaud Lagardère said in a release. “In the trade segment, the portfolio benefited from publishing successes and robust international backlist sales. The division is also enjoying very good momentum in Spain and Latin America, while Board Games and Partworks are continuing to support growth.” In the first half of the year, publishing sales were €1.343 billion compared to €1.349 billion last year, down 0.4 percent, though […]

Scholastic released its fourth quarter and full year earnings report, with sales down in both periods as success in book fairs and entertainment could not offset declines in trade sales. “Today, our company is more clearly organized around the advantages that make Scholastic distinctive: a trusted brand, beloved IP, proprietary school-based channels and deep relationships with educators and families built over more than a century,” ceo Peter Warwick said in a release. “Scholastic remains uniquely positioned to connect books, schools, homes and screens in ways that deepen kids’ engagement with stories and bring more children back to reading at a […]

Wiley reported earnings for their fourth quarter and full year ended April 30, posting quarterly sales of $448 million, up 1 percent as recorded or flat at constant currency. Adjusted EBITDA grew 18 percent to $149 million. In the learning segment, which includes textbooks, sales were down 6 percent as reported and 7 percent at constant currency to $152 million, due to lower AI licensing sales, plus “macro headwinds, and retail channel softness.” Adjusted EBITDA was $70 million, up 1 percent. Research sales grew 5 percent as reported and 4 percent at constant currency to $296 million due to growth […]

On Thursday, McGraw Hill released results for their fourth quarter and full year ended March 31. Sales fell 2 percent in the quarter to $464 million, down $9.5 million, “reflecting a smaller K‑12 market opportunity,” and partially offset by gains in the Higher Education segment. Adjusted EBITDA was just under flat at $131 million. In the Higher Education segment, sales were $258 million, up 2 percent. K–12 sales fell 10 percent to $126 million. Global Professional sales were $38.9 million (down 1 percent) while International sales fell 5 percent to $40.8 million. For the year, sales were flat at $2.1 […]

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 […]

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.