Publishers

Bertelsmann reported financial results for 2021, with Penguin Random House showing increased revenues and operating results “thanks to numerous successful new releases, robust backlist sales and continued high demand for digital audiobooks.” Sales were €4.03 billion, up 6 percent from €3.802 in 2020. Operating EBITDA was €755 million compared to €691 million, a 9.2 percent increase. The company noted, “In addition to the recovery of the advertising-financed businesses, the positive performance of the book publishing and services businesses was a key factor in this strong revenue growth.” US-based sales were €2.275 billion, up €67 million. (That growth is made smaller […]

Bloomsbury issued a second increase to their full year guidance for the year ended February 28 after a strong final month, now expecting sales of £212.5 million and profit before taxation and highlighted items of £22.3 million. The results are due predominantly to the newest title from Sarah J. Maas, which “instantly became a number one global bestseller” in February. The Bloomsbury Digital Resources division also exceeded the company’s target, with £15 million of sales and £5 million in profit in the year. The company will release their preliminary results in May. Additionally, John Bason will join the board as a […]

Scholastic reported earnings for the fiscal third quarter ended February 28, with sales of $345 million, up 24 percent or $67 million from last year, though still behind the $373 million recorded two years ago. The recovery was driven predominantly by their book fairs, with sales back up to $76 million, versus just $27 million last year, and $100 million in 2020. They held approximately 70 percent of the pre-pandemic number of fairs. The seasonal operating loss excluding one-time items was $(16.7) million, compared to a loss of $(11.9) million a year ago, due to higher labor costs and, in […]

Quarto reported earnings for the year ended December 31, 2021, with sales of $151.5 million, up from $127 million in 2020, a 19 percent increase. US sales of $93.4 million were up by $17 million. UK sales were $20.2 million, up $2 million, and non-UK sales in Europe were $21.2 million, up from $17.4 million last year. The company said a release the gains were due to “Clear focus on maximizing the group’s core strengths, retaining a disciplined business model, further debt reduction and developing future growth opportunities.” Operating profit was $16 million, up from $9.3 million. The company lists […]

Pearson published their full year-end report for 2021, after a brief update in January, with results “ahead of expectations.” Sales were £3.438 billion, an underlying growth of 8 percent over 2020, “reflecting underlying performance, portfolio changes and currency movements.” Operating profit was £183, down significantly from £411, due to the 2020 sale of shares in PRH and restructuring costs in 2021. Adjusted operating profit was £385 million, compared to £313 million last year, a 33 percent increase, “driven by operating leverage on revenue growth and cost savings offsetting cost inflation and investment to accelerate future growth.” Providing more details about […]