Revenue at Penguin Random House rose to €3.64 billion last year and earnings increased to €561 million. CEO Markus Dohle noted that despite the record year, the spread of the coronavirus means adjustments to the business are forthcoming.
Industry sales rose 1.8% in 2019 over 2018 at the 1,361 publishers who report sales to AAP's StatShot program. Sales of adult books fell 2.7% in 2019 compared to 2018, while sales in the children/young adult segment rose 6.8%.
Unit sales of print books had one of their worst weeks so far in 2020 in late February. Units fell 4% in the week ended Feb. 29, 2020, compared to the week ended Mar. 2, 2019, at outlets that report to NPD BookScan.
Profits rose at Hachette Book Group last year over 2018 despite a 1% decline in revenue. The earnings increase was attributed to improved operating efficiencies in the year, along with higher sales of digital audiobooks.
Revenue at Houghton Mifflin Harcourt Books & Media fell 9.9% in 2019, to $180.0 million, and the division had a net loss of $8.1 million, compared to net income of $2.4 million in 2018. A decline in licensing income was cited as the main reason for the sales drop.