Finance

European Publishers Sold $23.3 Billion in Books in 2015
December 15, 2016

The 28 countries that are members of the EU generated €22.3 billion ($23.36 billion) in total annual sales in 2015, up slightly from €22 billion in 2014, according to a new report by the Federation of European Publishers.

Potter Lifts Scholastic Results
December 15, 2016

Trade sales in the quarter ended November 30, 2016 jumped 60% at Scholastic over the comparable period a year ago, led by the market strength of several Harry Potter titles.

Publishing Revenue Fell 7% at Wiley
December 7, 2016

Sales in John Wiley's newly-created publishing segment fell 7% in the second quarter ended October 31, 2016 compared to a year ago. Book sales fell 9% in the quarter.

Industry Stocks: November 2016 Performances
December 2, 2016

The Publishers Weekly Stock Index fell 3.8% in November as the share prices of five companies on the PWSI fell in the month and prices of another five rose.

B&N Second Quarter Sales Fall 4.0%
November 22, 2016

Barnes & Noble attributed its overall decline in the quarter—which saw retail group sales fall 3.5%, and comparable store sales drop 3.2%—to lower store traffic.

Adult Books Sales Fell in First Half of 2016
November 16, 2016

Sales of adult trade books dropped 2.8% in the first half of 2016 compared to the same period in 2015, according to figures released by the Association of American Publishers. Sales in the children’s/young adult segment, meanwhile, rose 0.9% in the same period.

Houghton Mifflin Harcourt Sales Declined 7% in Q3 2016
November 11, 2016 at 10:00 am

Houghton Mifflin Harcourt's interim CEO Gordon Crovitz expressed his disappointment last week in the education publisher's poor Q3 performance. The quarterly results revealed a 7% drop in sales and a 31% decline in net income compared to Q3 2015. Crovitz said in a recent press release that his attention is now set squarely on growth:…

Harry Potter Spurs Growth at Hachette While Ebooks Decline
November 10, 2016 at 2:19 pm

Today Lagardère, the parent company of the Hachette Book Group, released its third quarter finances for 2016. The U.S.-based Hachette Book Group saw a 12.9% revenue gain thanks to the positive reception of Harry Potter and the Cursed Child. Hachette U.K. revenue was up 30.1%, again due to the release of the latest Harry Potter…

Hachette Book Group Sees Revenue Up Over 12% in Q3
November 10, 2016

The 12.9% gain in the quarter at HBG USA excludes results from the Perseus publishing group, which Hachette bought in March. HBG CEO Michael Pietsch said the purchase had a "sizable" and "positive" impact on the house's top line.

Indigo Sales Rise 5.4%
November 10, 2016

With revenue up 5.4% in the quarter ended Oct. 1, 2016 over the same period a year ago, Indigo CEO Heather Reisman said she is feeling confident about prospects for the holiday season.