and more.
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Book Publishing Sales Fell Across the Board in May
Soft print sales led to declines in all major categories in May, with sales in the month falling 7.5% at the publishers that report results to AAP’s StatShot program.
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Scholastic’s Earnings Growth Outpaced Sales Gains in Fiscal 2025
Cost controls at the children’s publisher boosted profits for the company despite sluggish sales in the trade and book fair divisions and a sales decline in educational solutions.
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Union Square Lifts First Half Results for HBG
Boosted by the November acquisition of Union Square, sales at Hachette Book Group rose 7% for the first half of 2025 compared to a year ago, parent company Lagardère reported. Excluding results from Union Square, sales at HBG were flat.
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B&NE Delays Year-End Reports for Fiscal 2025
Questions around the way the company accounts for the cost of digital sales forced Barnes & Noble Education to delay filing its report, with an investigation finding that “internal control over financial reporting was not effective” in fiscal 2024 and 2025.
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McGraw Hill Files for Public Offering
With total revenue topping $2 billion and digital sales accounting for 65% of sales in the fiscal year ended in March, the education company intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its term loan.
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Print Book Sales Slipped in First Half of 2025
With sales of romantasy cooling and adult nonfiction remaining soft, unit sales of print books fell by just over 1% in the first six months of 2025 compared to a year ago.
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Digital Audiobook Sales Sank in April
U.S. publishing sales dropped 4% in April at publishers that report results to the Association of American Publishers, as the audiobook boom that had driven industry growth finally cooled off.
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Scholastic Lifts 2025 Financial Forecast, Considers Sale of HQ, Distribution Hubs
The company has raised its profit prediction for the fiscal year ended this May after lowering it at the end of the third quarter, citing “cost management and solid execution” for the revision. It is also exploring a sale of its New York City headquarters and Missouri distribution centers, which it intends to lease back.
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New Report Documents Savings of Inclusive Access
A survey from Student Monitor found that college students using inclusive access programs cut spending on course materials by 4% in the 2024-2025 academic year.
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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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