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Can Bibliotherapy Drive Book Sales?
In a presentation at the London Book Fair, a BookScan analyst said that many of the trends that led to a small sales increase in 2024—including BookTok and Bibles—remain in place in 2025. Also among those factors is the idea of "bibliotherapy," the use of literature to help people improve their overall health or wellbeing.
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First Day Sales Lift Barnes & Noble Education
Revenue rose 2.1% in the third quarter at B&NE, with the college bookstore turning a net loss last year into a profit in the most recent period. Still, long-term profitability remains elusive.
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Wiley Expects Steady Profit Improvement
The newly restructured Wiley posted a big earnings increase in the third quarter and is predicting higher profit margins for both fiscal 2025 and 2026.
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Book Publishing Sales Rose 6.5% in 2024, Per Preliminary Data
Gains in the religion and adult fiction segments helped to offset softness in other areas, leading to a 6.5% sales increase at publishers who report to the Association of American Publishers’ StatShot program.
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A Lukewarm First Year for the Newly Public Webtoon Entertainment
The webcomics company saw revenue increase 5.1% in 2024, but earnings fell due in part to costs associated with going public last year. Its share price has taken a hit since its IPO, and the company warns that first quarter sales this year may take a loss.
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Hachette Book Group Shines for Lagardère in 2024
Sales at HBG rose 7% last year, marking the strongest performance among Lagardère’s worldwide publishing businesses. The Paris-based publishing giant posted total sales of €2.87 billion, a 2.2% increase over 2023, while profits jumped 35%.
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The Amazon Machine Rolls On
A successful holiday season, which included a 30% increase in sales of Kindle devices, led to a record 2024 at Amazon. Revenue hit $638 billion and operating income soared 86%, to $68.6 billion. The company made an extra $1.5 billion in sales on Leap Day alone.
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Gains Across the Board Lifts Sales, Earnings at HarperCollins
Sales of print and digital formats all posted solid increases in the quarter ended December 31, 2024, with revenue rising 8%, to $595 million. Earnings, helped by higher sales of more profitable backlist titles, increased 19%.
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Cost Cuts Lower Losses at Comics Publisher IDW
Across the board reductions helped ameliorate the graphic novel publisher's losses in fiscal 2024 by $3.5 million as sales remained basically flat at $26 million.
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Strong Sales of Adult Fiction and Religion Books Continued in November
Sales at publishers that report results to the Association of American Publishers’ StatShot program rose 10.3% in November, led by a 19.3% increase in adult fiction and a 24.6% gain in sales of religious books.
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Diamond Comic Distributors Files for Bankruptcy
The future of the comics distribution and graphic novel divisions at the company, which has been a linchpin in the distribution of comics to comics shops since its founding in 1982, is anything but certain. It owes its largest creditor, Penguin Random House, $9.2 million.
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Scholastic Sees Sales, Profits Fall in Second Quarter
Lower sales in the company's trade group, due mainly to the timing of the publication of some of its biggest books, was the major factor in dropping second quarter results. For the full fiscal year, Scholastic still expects revenue to increase between 4% and 6% over fiscal 2024.
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Book Publishing Sales Increased 8% in October
With four categories posting double-digit gains, October sales at the 1,279 publishers that report data to Association of American Publishers’s StatShot program rose 8.3% over last October.
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The Folio Society Had Big Gains in Fiscal 2024
Helped by increased demand for well-crafted books, U.K.–based Folio reported that sales in fiscal 2024 rose 16%, while profits jumped 137%. The U.S. accounted for over 50% of the company’s sales in the year.
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B&NE Sees Profits Rise in Second Quarter
A sales increase in its First Day program and more cost cuts led to net income doubling at Barnes & Noble Education in the quarter ended in October 2024.
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Wiley Looks Ahead After a Solid Second Quarter
With its divesture program behind it, the company reported solid increases in its ongoing research and learning groups in the second quarter of fiscal 2025.
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Publishing Industry Sales Rose 7% Through September
The 7% increase in the first nine months of 2024 came despite a modest 2.4% increase in September at the publishers who report to AAP's StatShot program. Strong showings in the religion and adult fiction categories drove the nine-month gains.
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Profits, Sales Up at WH Smith in Fiscal 2024
North America, especially U.S. airport stores, is becoming a major growth engine for the U.K.-based bookstore chain. Sales in North America rose 9% in fiscal 2024, to £401 million.
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Digital Sales Drive Gains at HarperCollins
Led by digital audiobooks, sales at HarperCollins rose 4% in the quarter ended September 30 over the comparable period a year ago, and profits jumped 25%. 'Hillbilly Elegy' by J.D. Vance sold 1.5 million copies in the quarter.
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Amazon Expects a Strong Finish to 2024
Third quarter results exceeded expectations at Amazon, and the company expects a strong fourth quarter, forecasting that total sales will rise between 7% and 11% over last year’s final period, to as much as $188.5 billion.
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