HarperCollins Sees EBITDA Rise by 33%

HarperCollins worldwide saw its earnings before interest, taxes, depreciation and amortization (EBITDA) rise by 33% to $68m (£42m) in its second quarter.

The publisher attributed the increase to a "higher contribution to profits" from e-book sales and "ongoing operational efficiencies coupled with higher revenues" in its second quarter to 31st December 2012. Revenue, by comparison, increased 4% to $391m. E-book sales continued to rise for the publisher in the last quarter before Christmas, increasing by 39% and accounting for 17% of total sales.