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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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