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Big Publishers See Third-Quarter Gains

12 November 2017

From Publishers Weekly:

Three of four large trade houses that reported results for the quarter ended Sept. 30, 2017, said that sales and earnings in the period were higher than in the same period last year.

The strongest sales performance was turned in by Houghton Mifflin Harcourt’s trade division, where sales were up 11.8%, though earnings were up a more modest 1.5%. The gain at HMH was due to sales of frontlist and backlist print titles, such as The Polar Express, the Little Blue Truck series, and It Takes Two, and strong e-book sales, led by The Handmaid’s Tale.

. . . .

Simon & Schuster followed a familiar pattern, posting sales and earnings increases from the third quarter of 2016. Overall, S&S reported that sales rose 1%, to $228 million, in the quarter, and operating income increased 4.5%, to $46 million. According to S&S CEO Carolyn Reidy, sales of downloadable audio rose about 37%, sales of print books posted gains, and e-book sales fell again. Contributing to the improved results was a good performance by the publisher’s international group: Hillary Clinton’s What Happened had solid sales in Canada, Ireland, and the U.K., Reidy said, and the international division also benefited from foreign sales of Rupi Kaur’s new book, The Sun and Her Flowers.

Link to the rest at Publishers Weekly

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3 Comments to “Big Publishers See Third-Quarter Gains”

  1. “… where sales were up 11.8%, though earnings were up a more modest 1.5%”

    So they made it up in volume? 😉

    “… and e-book sales fell again.”

    Agency, the gift that keeps on giving …

    • Only traditional publishers are happy when they make a fraction of the earnings they could have with such an increase in sales. Most other companies would be disappointed.

  2. Heh.
    Not one of the four beat the year to year inflation rate. And another stagnant year rolls on thanks to the obsession with reader spend.

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