Publishing revenue at IDW Media rose 19% in its first quarter ended January 31, 2017, over the comparable period a year ago. Publishing revenue in the most recent period was $7.5 million, up from $6.3 million in last year’s first quarter.
IDW attributed the increase to the continued success of the March graphic novels titles plus sales of the Teenage Mutant Ninja Turtles board game. The company also noted that beginning April 1, IDW is moving its distribution to Penguin Random House.
For all of IDW Media, revenue in the quarter rose 13%, to $14.7 million, and the company posted net income of $127,000, up from $12,000 in last year’s first quarter.
