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

13Nov
Mommy Series: Moments That Shape a Child’s World

Mommy Series: Moments That Shape a Child’s World

Bodour bint Sultan Al Qasimi, Founder of Kalimat Group, unveiled her latest literary work, the Mommy series, at the 43rd Sharjah International Book Fair (SIBF). This heartfelt and insightful collection explores the profound role of breastfeeding in strengthening the emotional connection between mother and child. It also sheds light on its impact on the child’s […]

13Nov
New Study Highlights Opportunities in the UAE Publishing Industry

New Study Highlights Opportunities in the UAE Publishing Industry

His Highness Sheikh Dr. Sultan bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, visited the Emirates Publishers Association (EPA) stand at the 43rd Sharjah International Book Fair, where he was welcomed by His Excellency Rashid Al Kous, Executive Director of the EPA.   During the visit, His Highness was introduced to the […]

13Nov
How Are Digital Transformation Strategies Reshaping the Publishing Landscape in the UAE?

How Are Digital Transformation Strategies Reshaping the Publishing Landscape in the UAE?

Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Book Authority (SBA), chaired the authority’s third board meeting during the 43rd edition of the Sharjah International Book Fair (SIBF 2024). The board discussed SBA’s strategic initiatives to deepen its global impact, foster valuable partnerships for Emirati publishers, and reviewed progress across the authority’s recent initiatives. […]

Related Posts

New Study Highlights Opportunities in the UAE Publishing Industry

New Study Highlights Opportunities in the UAE Publishing Industry

His Highness Sheikh Dr. Sultan bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, visited the Emirates Publishers Association (EPA) stand at the 43rd Sharjah International Book Fair, where he was welcomed by His Excellency Rashid Al Kous, Executive...

Previous Next
Close
Test Caption
Test Description goes like this

Pin It on Pinterest