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Wiley Reports Big Jump in Profits in Fiscal 2025
After more than a year of divestitures, restructuring, and write-offs, Wiley posted a huge gain in profits in the fiscal year ended April 30, 2025 despite a drop in sales compared to fiscal 2024. In addition, the company’s AI licensing revenue in the year hit $40 million, up from $23 million.
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New Listeners Boosting Sales for Spotify, Publishers
Audiobook listeners and listening hours on Spotify increased by more than 30% and 35%, respectively, from January 2024 to January 2025 in the U.S., U.K., and Australia, helping to boost audio sales of several major publishers, according to the streaming service.
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Bloomsbury Revenue Up 5% Amid Global Expansion
Bloomsbury Publishing reported revenues of £361 million, or $484.0 million, for the fiscal year ended February 28, along with profits of £42 million, down by £6 million from fiscal year 2024.
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EDC Struggles to Regain Its Financial Footing
Educational Development Corp. cut its debt in the fiscal year ended February 28, 2025, but sales and earnings fell as the publisher and book sales company fights to recover from overexpanding its business during the Covid lockdown.
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With a March Rebound, Publishing Sales Rose 1% in Q1
Sluggish trade sales were offset by big gains in the higher education segment in the first quarter of 2025.
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Another Lackluster Quarter for Webtoon
The webcomics company’s three businesses posted increases over the first quarter of 2024, but higher costs, including expenses associated with becoming a public company, led to a net loss of $22 million.
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Publishing Industry Sales Dipped in February
Total book sales fell 1.9% in February for the 1,325 publishers that report results to the Association of American Publishers’ StatShot program. Sales in the adult trade and children’s/young adult segments were down.
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HarperCollins Boss Weighs In on the Economy, Big Tech
The release of HarperCollins’s third quarter results was accompanied by observations from Robert Thomson, CEO of HC parent company News Corp, about the realignment of the company, the current economy, and the integrity of Big Tech. Sales at HC rose 2% in the quarter, while profits increased 3%.
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Bookscan Report Sees Favorable Near-Term Outlook for Books
Amid looming tariffs, consumers’ decision to focus their discretionary spending on less expensive items—such as books—should keep industry sales over the next three years on par with sales in 2024, according to a new report from Bookscan.
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Tariffs Cloud Amazon’s Financial Outlook
The conglomerate had a solid first quarter, but sales in its most consumer-sensitive businesses, including online stores, had modest increases. Amazon CEO Andy Jassy said the company can’t predict what the impact of higher tariffs will mean for its business for the rest of the year.
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Union Square Purchase Boosts HBG in First Quarter
Contributions from Union Square & Co., acquired in November, helped first quarter sales at Hachette Book Group rise 8.9% over a year ago. Parent company Lagardère reported that total publishing revenue was €623 million, up 8%.
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Print Book Sales Dipped 0.9% This Winter
Big sales numbers for Onyx Storm and Sunrise on the Reaping couldn’t offset the impact of last year's early Easter, resulting in a small decline in unit sales of print books in the first quarter of 2025 at outlets that report to Circana BookScan.
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Dav Pilkey Topped Canada’s Bestseller Lists in 2024
BookNet Canada’s latest report on print sales in the country in 2024 found that retail sales fell 1.9% and units slipped 3.7%. Pilkey’s Dog Man: The Scarlet Shedder was the top-selling English-language print book in Canada last year.
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PRH Sales Rose 8.5% in 2024, Topping $5 Billion
A bounceback year at Penguin Random House US, which included several acquisitions, helped to increase sales and profits at the world's largest trade book publisher.
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Book Sales Were Sluggish in January
Sales of adult fiction fell 5.7% in the month—the main factor in driving down total sales by 0.7% at the companies that report results to the Association of American Publishers’ StatShot program.
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Scholastic Has a Mixed Third Quarter
Growing consumer caution and uncertainty surrounding federal government support for education resulted in results falling below expectations at the children’s book publisher’s last quarter.
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Springer Nature Sales Rose 5% in 2024, Topping $2 Billion
The academic and educational publishing giant released its first annual report since going public last fall, showing strong results driven by its research segment.
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Can Bibliotherapy Drive Book Sales?
In a presentation at the London Book Fair, a BookScan analyst said that many of the trends that led to a small sales increase in 2024—including BookTok and Bibles—remain in place in 2025. Also among those factors is the idea of "bibliotherapy," the use of literature to help people improve their overall health or wellbeing.
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First Day Sales Lift Barnes & Noble Education
Revenue rose 2.1% in the third quarter at B&NE, with the college bookstore turning a net loss last year into a profit in the most recent period. Still, long-term profitability remains elusive.
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Wiley Expects Steady Profit Improvement
The newly restructured Wiley posted a big earnings increase in the third quarter and is predicting higher profit margins for both fiscal 2025 and 2026.
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