Finance

The reopening of most campus stores and higher sales of digital products lifted revenue at Barnes & Noble Education 17.6% in the first quarter ended July 31, 2021, over the comparable period a year ago.

Sales at John Wiley rose 13% in the first quarter of fiscal 2022, while operating profits jumped 36%.

Booming audiobook sales and strong performances in some of its largest markets boosted profits up 55.1% at Penguin Random House in the first six months of 2021. Revenue rose 10.9%, to €1.80 billion.

Australian online book retailer Booktopia Group reported a 35% increase in revenue in the fiscal year ended June 30, 2021 over fiscal 2020 with sales of A$223.9 million.

With all segments posting increases, sales rose 18.1% in the first half of 2021 over the comparable period in 2020 for publishers who report results to the AAP.

Salem Media said that sales in its publishing group rose 69% in the second quarter, to $6.6 million, with book sales up $2 million at Regnery Publishing.

New partners, new initiatives, new staff, and new readers all contributed to a 48% increase in net revenue at Sourcebooks in the first six months of 2021 over what was already a record first six months in 2020, according to publisher and CEO Dominique Raccah.

Sustained increases in book reading and book buying were the underlying factors in driving up sales by 19% and profits by 42% in HarperCollins's latest fiscal year.

Strong sales of adult books and another big gain in its international operations led to a “robust, healthy” second quarter at Simon & Schuster, company CEO Jonathan Karp told 'PW.'

Following what it acknowledged was a soft first half of 2020, sales at Quarto Group increased 21% in the first six months of 2021. The publisher had a profit of $4 million compared to a loss of $1.8 million in the first half of 2020.