Home 5 News 5 Bloomsbury Achieves Highest Revenue and Profit in Company History

Bloomsbury Achieves Highest Revenue and Profit in Company History

by | May 29, 2024 | News

Bloomsbury has achieved its highest revenue and profit in its 37-year history, according to the Bookseller. UK sales, notably of titles by Bloomsbury author Sarah J. Maas, surged by 161%.

 

The company reported a revenue of £343 million for the year ending 29 February, a 30% increase from £264 million in 2022/23. Consumer revenue rose by 49%, and profits increased by 57%, reaching £49 million, up from £31 million the previous year.

 

Chief Executive Nigel Newton attributed this ‘dramatic increase’ to Bloomsbury’s entrepreneurial diversification strategy. This strategy has created a robust portfolio spanning consumer and academic publishing across various formats, regions, and subjects, ensuring long-term success.

 

Newton highlighted Maas’s books as key contributors, capturing a vast audience through major promotional campaigns and strong social media-driven word-of-mouth. He also acknowledged the success of titles by Katherine Rundell and Samantha Shannon, along with sustained strong sales of Harry Potter titles.

 

Bloomsbury Digital Resources saw sales rise to £27 million and is on track to reach a £37 million turnover by 2027/28. Despite a 4% decline in non-consumer sales to £93.4 million, Newton expressed confidence in the division’s long-term growth, particularly with the ongoing shift to digital learning in higher education.

 

Recent News

21Nov
The Poetry Pharmacy Opens in London

The Poetry Pharmacy Opens in London

What’s the cure for a broken heart? What about for grief, anxiety or loneliness? For those visiting the Poetry Pharmacy – customers or patients, depending how you see them – it’s these questions that are on their minds. The company’s new London bookshop, on Oxford Street, offers tonics to those sorts of emotional ailments. Calm, […]

21Nov
Microsoft Launches 8080 Books

Microsoft Launches 8080 Books

Microsoft has unveiled 8080 Books, a publishing imprint dedicated to sharing innovative research, ideas, and insights at the crossroads of science, technology, and business. Distributed by Ingram, the nonprofit initiative aims to spotlight emerging and diverse voices in these fields.   The imprint debuted its first title, No Prize for Pessimism by Microsoft’s Deputy CTO […]

20Nov
Avicenna Acquired by Durnell Marketing

Avicenna Acquired by Durnell Marketing

One of the most familiar faces at the Sharjah International Book Fair across the Gulf and the wider Middle East is Bill Kennedy whose Avicenna sales agency has been representing university presses and academic houses since it was founded in 2003   Now Kennedy has announced a succession plan which sees Avicenaa acquired by leading […]

Related Posts

Microsoft Launches 8080 Books

Microsoft Launches 8080 Books

Microsoft has unveiled 8080 Books, a publishing imprint dedicated to sharing innovative research, ideas, and insights at the crossroads of science, technology, and business. Distributed by Ingram, the nonprofit initiative aims to spotlight emerging and diverse voices...

Avicenna Acquired by Durnell Marketing

Avicenna Acquired by Durnell Marketing

One of the most familiar faces at the Sharjah International Book Fair across the Gulf and the wider Middle East is Bill Kennedy whose Avicenna sales agency has been representing university presses and academic houses since it was founded in 2003   Now Kennedy has...

Authors Unite for Indie Bookstores

Authors Unite for Indie Bookstores

In the US authors Ann Patchett and Amor Towles have launched the Book Industry Charitable (Binc) Foundation's end-of-year campaign, I Stand with Book and Comic Stores.  They are joined by fellow bestselling authors, including David Baldacci, Judy Blume, Suzanne...

Previous Next
Close
Test Caption
Test Description goes like this

Pin It on Pinterest