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Publishing Sales Saw Solid Six-Month Gains, Per AAP
According to AAP's StatShot program, industry sales were up 5.6% in the first half of 2024. Sales of adult titles rose 6.7%, but sales in the children's and young adult segment fell 2.7%.
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Barnes & Noble Education Looks for Improvement in Fiscal 2025
In the quarter just before the fall rush season begins, B&NE saw sales of its inclusive access programs rise 32% as it continued its efforts to better control costs. Total sales slipped 0.3%, to $263.4 million.
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Print Book Sales Dipped in Canada in First Six Months of 2024
Unit sales of English-language trade print books sold in Canada fell 2% in the first half of 2024 from the comparable period in 2023 at stores that report data to BookNet Canada.
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Wiley Wraps Up Divestiture Program, Looks at AI Opportunities
The company it has completed the sale of three companies and saw gains from recent AI partnerships in the first quarter of fiscal year 2025, with CEO Matthew Kissner promising that Wiley is prepared to "move decisively on AI opportunities."
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Sales, Earnings Rose at Penguin Random House in the First Half of 2024
A good performance by PRH US, higher audiobook sales, and contributions from recently acquired companies led to a 13% increase in profits on an 8.5% sales gain at the world's largest trade publisher.
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Publishing Revenue Fell Slightly in 2023, but Unit Sales Dropped 5.7%
The final 2023 industry sales report from the Association of American Publishers found sales of digital audiobooks poised to surpass those of e-books, higher net prices helping to offset a drop in unit sales, and more.
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Investors Unhappy with Webtoon Quarterly Report
Currency fluctuations and flat monthly user numbers prompted investors to sell off shares of Webtoon, which went public earlier this year.
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HarperCollins Profits Soared in Fiscal 2024
Following a year of significant restructuring, earnings at the publisher rose 61% over fiscal 2023 on a 6% increase in sales.
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Cloud Services Drive Amazon in Second Quarter
Results at Amazon Web Services helped to increase second quarter sales and profits 10% and 90%, respectively, at the company, while sales in its online sales division rose only 5%.
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Storytel Has Profitable Q2, Former Bonnier Exec Named CEO
Outgoing Storytel CEO Johannes Larcher touted a sales increase of 9% and operating profit of $4.4 million in its second quarter as "the best financial performance in the history of the company." Larcher's replacement, Bodil Ericsson Torp, starts on October 1.
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Lagardère Publishing Profits Jumped 48% in First Half of 2024
A 7.7% sales increase at the recently restructured Hachette Book Group was a key contributor to a 5% rise in revenue at Lagardère Publishing in the first six months of 2024.
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Soft Fourth Quarter Foils Scholastic's Fiscal 2024 Hopes
After posting lackluster financial results for the first nine months of fiscal 2024, Scholastic’s hopes for a good fourth quarter did not materialize, with the company posting a 10% decline relative to last year’s record quarter and finishing the year down 7% from 2023.
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Publishing Industry Sales Kept Rolling in May
Despite some trouble spots, book sales rose 10.9% in May at publishers that report results to AAP's StatShot program. Total sales were up 5.5% over the first five months of 2023.
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R&L Acquisition, Sarah J. Maas Boost Outlook at Bloomsbury
In a July 16 trading update ahead of its annual general meeting, Bloomsbury said its recent acquisition of Rowman & Littlefield’s academic publishing business and strong trade sales paced by Sarah J. Maas’s titles underpin "the confidence we have in the future."
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Sales of Comics and Graphic Novels Fell 7% in 2023
After topping $2 billion for the first time in 2021, sales of comics and graphic novels in North America fell 7% in 2023, to $1.87 billion, according to estimates from 'ICv2.' Despite the decline, sales remained well above 2019 levels.
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Religion Print Sales Up 12% in First Half of 2024
'Mostly What God Does' by Savanah Guthrie was the top-selling religion book in the first half of the year, with Bibles and titles by Lysa TerKeurst and Sarah Young also fueling a strong start to 2024.
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With Fantasy on Fire, Print Book Sales Are Catching Up to 2023
Books by Sarah J. Maas and Rebecca Yarros, among the bestselling books of 2024 so far, sparked a huge increase in the adult fantasy category and helped keep print sales roughly flat with the first half of 2023.
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Booktopia Files for Voluntary Administration
The future of the Australian online bookseller has grown more uncertain with the appointment of a firm to undertake “an urgent assessment of Booktopia’s business.”
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Barnes & Noble Education Puts a Wrap on a Turbulent Fiscal 2024
The college bookstore operator closed the fiscal year ended April 27, 2024, with a smaller loss than fiscal 2023, new financing, a new CEO, and a new board.
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Booktopia Seeks Extension for Its Trading Suspension
The struggling Australian online retailer hopes to hear by the end of the week if any party or parties will come to its financial rescue.