Publishers

Wiley announced results for their second quarter ended October 31, reporting sales down 1 percent to $422 million. Operating income grew 13.8 percent to $73 million, with income before taxes up 18.5 percent to $58 million. Adjusted EBITDA grew 8 percent to $115 million by reducing corporate expenses. “We continue to deliver strong performance in Research and accelerating momentum in AI as we capitalize on record research volume and expanding corporate R&D opportunities,” president and ceo Matthew Kissner said in a release. “In Research, strong global demand is driving defensible growth in our recurring revenue and open access models. In […]

Bertelsmann provided a brief update on third quarter sales, with sales for the first nine months of the year reaching €13.5 billion just above flat, up 0.8 percent year over year. Organic growth was 1.9 percent, as “Penguin Random House, Arvato Group, Bertelsmann Education Group, and Bertelsmann Investments made the largest contributions to this increase. The release notes that Alchemised “sold more than 300,000 copies across formats in North America in its first week, making it one of the most successful adult debut novels of all time.” On their own, third quarter sales looked to have been flat at approximately […]

McGraw Hill announced results for the second quarter ended September 30, reporting sales of $669 million, down 3 percent–though this is the company’s second-highest second quarter sales in 10 years. The company attributes the decline to an “anticipated smaller K-12 market,” partially offset by gains in higher education. Adjusted EBITDA was $286 million, down from $290 million in 2024. “With market share gains and the expansion of AI-powered tools, we are advancing personalized learning at scale while investing in growth beyond our core offerings,” chair, president, and ceo Simon Allen said. “Our fiscal second quarter performance highlights how McGraw Hill […]

Quietly topsy-turvy days in book publishing are well reflected in Harper Collins’ first fiscar quarter earnings report, released Thursday night by parent company News Corp., if you are paying attention. CEO Robert Thomson reported “an uncharacteristically weak performance in Book Publishing” in the quarter, with sales of $536 million, down $10 million from the same period a year ago. Profits fell further, at $58 million, down from $81 million last year. They took a $13 million “receivable write-off relating to the expected closure of Baker & Taylor,” CFO Lavanya Chandrashekar reported on the investor call. The unit “faced blustery winds […]

Pearson issued a brief third quarter trading update, reporting “underlying” sales growth of 4 percent in the period, looking forward to “stronger Q4 sales growth…given known business unit dynamics.” Higher Ed sales were down 1 percent in the quarter, “due to ongoing challenging trading conditions in mature markets.” US Higher Ed sales rose 2 percent in the quarter, helped by “sustained engagement with our AI-powered study tools, partly offset by declines in our K-12 channel.   In the Higher Ed segement, the company said, “We continue to expect sales growth in 2025 to be higher than in 2024 as we […]

Lagardere Publishing issued their brief third quarter trading update on Thursday afternoon, celebrating record third quarter sales of €811 million, up 6 percent compared to €765 million for the same period a year ago. The company reports that, “All business segments contributed to the growth effort, with General Literature enjoying very good performances in the United States and France.” The acquisition of Union Square (and 999 Games) added €15 million in the quarter, while the declining US dollar and British pound cost €19 million in negative currency effect. In the US, ceo David Shelley reports that, “HBG had a fantastic […]