Bloomsbury Publishing demonstrates that everyone loves a good book

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  • Bloomsbury Publishing books continue to fly off the shelves
  • Bloomsbury Publishing flourishing with formats old and new
  • Time to own Bloomsbury Publishing say brokers after impressive year
  • Bloomsbury Publishing profits surge as ‘people rediscovered reading, becoming a habit once again’
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Quick facts: Bloomsbury Publishing PLC

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Bloomsbury Publishing is a leading independent publishing house, established in 1986, with authors who have won the Nobel, Pulitzer and Booker Prizes, and is the originating publisher and custodian of the Harry Potter series.

Bloomsbury has offices in London, New York, New Delhi, Oxford and Sydney.

21 Jul 2021

(), the Harry Potter publisher, reported that books continue to fly off the shelves in the first four months of its financial year.

Revenues of GBP63.1mln in the period to the end of June were up 28% on this time last year, with consumer titles growing 26% and non-consumer 31%.

Management expects the full-year performance to be in line with current market expectations, with analysts having pencilled in GBP193.4mln of revenue and GBP19.3mln of profit before tax and exceptional items.

In consumer, children’s books continued to lead the way, up 32% as the JK Rowling series continues to prove evergreen.

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02 Jun 2021

() hailed the public’s renewed love of books during the Coronavirus (COVID-19) lockdowns for helping the publisher smash records in its latest financial year.

“The popularity of reading has been a ray of sunshine in an otherwise very dark year,” said chief executive Nigel Newton.

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27 Apr 2021

Curling up with a good book is back in fashion again according to the latest sales numbers from the Publishers Association, the sector’s trade body.

Consumer sales jumped 7% to GBP2.1bn in 2020 led by fiction titles and audiobooks, which saw a 37% bounce as people looked for ways to endure prolonged periods of lockdown.

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16 Feb 2021

In commercial terms, there have been undoubted winners and losers from the coronavirus (COVID-19) pandemic, and () looks like a winner.

A surge in interest in reading – there are just so many box-sets one can watch on before one goes Nutsflix – has been a boon for the company while its strategic move to become primarily a digital business-to-business (B2B) publisher focused on the academic and professional information market looks far-sighted.

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02 Jun 2021

Investors should own () is the straightforward verdict of Peel Hunt after results beat expectations that had already been raised twice.

Bloomsbury is diverse (geography, format, revenue type, subject matter, sales channel), with a very strong underpinning both financially (GBP54m cash) and IP (unvalued publishing rights), says the broker.

Its performance through the pandemic was very strong, reflecting the appeal of its products and the benefits of the diversity it has achieved.

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02 Jun 2021

‘s () chief executive Nigel Newton talks to Proactive London’s Katie Pilbeam to discuss their latest performance, he says, ‘what a last sixteen months as a free showcase for the power of books in the future of people’s lives’.

When asked if he believes this reading revival will last, Newton says, ‘people have rediscovered reading and it has become a habit once again, one that will stick!’.

Profits before tax in the year ending in February jumped nearly a third to GBP17.3m, as sales grew 14 per cent to GBP185.1m.

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