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HarperCollins has had a difficult time replacing the megahits American Sniper and the Divergent series since its current fiscal year started last July. That trend continued into the quarter ended March 31, the third period of HC’s fiscal 2016. According to results released by parent company News Corp, revenue in the quarter fell 11%, to $358 million, from the quarter ended March 31, 2015.
EBITDA (earnings before interest, interest, taxes, depreciation and amortization) had a tougher quarter than revenue, falling 36% from $56 million to $36 million.
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