Bloomsbury revenues up 15% overall, 48% in children’s

Bloomsbury’s revenues have grown 15% to £142.6m (A$249m) in the 12 months ending in February 2017, reports the Bookseller.

The biggest growth came from children’s publishing, which was up 48% to £55.9m (A$97.6m). This was led by strong sales for the Harry Potter series, including new illustrated editions, and books by Sarah J Maas.

Overall, print book sales were up 18% to £133.3m (A$232.8m), while digital sales increased by 7% to £16m (A$28m).

Chief executive Nigel Newton said: ‘This has been a very strong year for Bloomsbury with excellent revenue growth in all our territories. Our children’s publishing, in particular, had an exceptional year, delivering double digit revenue growth for the fourth year in a row.’

Newton also commented on the company’s ‘substantial progress’ in delivering its 2020 digital resource strategy. ‘We completed a new platform to host our digital resources and launched four new major resources during the year. It was particularly encouraging to see digital resource revenues exceeding expectations, increasing 50% year-on-year,’ said Newton.

Category: International news Junior