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Amazon’s Online Sales Grow Amid AI Push
Despite concerns about consumer spending, Amazon’s online sales rose 11% in the second quarter thanks in part to what the retailer called its biggest Prime Day yet. But industry analysts made it clear they see the company’s future in the booming AI market.
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Book Publishing Sales Fell Across the Board in May
Soft print sales led to declines in all major categories in May, with sales in the month falling 7.5% at the publishers that report results to AAP’s StatShot program.
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Scholastic’s Earnings Growth Outpaced Sales Gains in Fiscal 2025
Cost controls at the children’s publisher boosted profits for the company despite sluggish sales in the trade and book fair divisions and a sales decline in educational solutions.
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Union Square Lifts First Half Results for HBG
Boosted by the November acquisition of Union Square, sales at Hachette Book Group rose 7% for the first half of 2025 compared to a year ago, parent company Lagardère reported. Excluding results from Union Square, sales at HBG were flat.
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B&NE Delays Year-End Reports for Fiscal 2025
Questions around the way the company accounts for the cost of digital sales forced Barnes & Noble Education to delay filing its report, with an investigation finding that “internal control over financial reporting was not effective” in fiscal 2024 and 2025.
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McGraw Hill Files for Public Offering
With total revenue topping $2 billion and digital sales accounting for 65% of sales in the fiscal year ended in March, the education company intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its term loan.
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Print Book Sales Slipped in First Half of 2025
With sales of romantasy cooling and adult nonfiction remaining soft, unit sales of print books fell by just over 1% in the first six months of 2025 compared to a year ago.
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Digital Audiobook Sales Sank in April
U.S. publishing sales dropped 4% in April at publishers that report results to the Association of American Publishers, as the audiobook boom that had driven industry growth finally cooled off.
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Scholastic Lifts 2025 Financial Forecast, Considers Sale of HQ, Distribution Hubs
The company has raised its profit prediction for the fiscal year ended this May after lowering it at the end of the third quarter, citing “cost management and solid execution” for the revision. It is also exploring a sale of its New York City headquarters and Missouri distribution centers, which it intends to lease back.
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New Report Documents Savings of Inclusive Access
A survey from Student Monitor found that college students using inclusive access programs cut spending on course materials by 4% in the 2024-2025 academic year.
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Wiley Reports Big Jump in Profits in Fiscal 2025
After more than a year of divestitures, restructuring, and write-offs, Wiley posted a huge gain in profits in the fiscal year ended April 30, 2025 despite a drop in sales compared to fiscal 2024. In addition, the company’s AI licensing revenue in the year hit $40 million, up from $23 million.
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New Listeners Boosting Sales for Spotify, Publishers
Audiobook listeners and listening hours on Spotify increased by more than 30% and 35%, respectively, from January 2024 to January 2025 in the U.S., U.K., and Australia, helping to boost audio sales of several major publishers, according to the streaming service.
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Bloomsbury Revenue Up 5% Amid Global Expansion
Bloomsbury Publishing reported revenues of £361 million, or $484.0 million, for the fiscal year ended February 28, along with profits of £42 million, down by £6 million from fiscal year 2024.
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EDC Struggles to Regain Its Financial Footing
Educational Development Corp. cut its debt in the fiscal year ended February 28, 2025, but sales and earnings fell as the publisher and book sales company fights to recover from overexpanding its business during the Covid lockdown.
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With a March Rebound, Publishing Sales Rose 1% in Q1
Sluggish trade sales were offset by big gains in the higher education segment in the first quarter of 2025.
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Another Lackluster Quarter for Webtoon
The webcomics company’s three businesses posted increases over the first quarter of 2024, but higher costs, including expenses associated with becoming a public company, led to a net loss of $22 million.
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Publishing Industry Sales Dipped in February
Total book sales fell 1.9% in February for the 1,325 publishers that report results to the Association of American Publishers’ StatShot program. Sales in the adult trade and children’s/young adult segments were down.
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HarperCollins Boss Weighs In on the Economy, Big Tech
The release of HarperCollins’s third quarter results was accompanied by observations from Robert Thomson, CEO of HC parent company News Corp, about the realignment of the company, the current economy, and the integrity of Big Tech. Sales at HC rose 2% in the quarter, while profits increased 3%.
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Bookscan Report Sees Favorable Near-Term Outlook for Books
Amid looming tariffs, consumers’ decision to focus their discretionary spending on less expensive items—such as books—should keep industry sales over the next three years on par with sales in 2024, according to a new report from Bookscan.
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Tariffs Cloud Amazon’s Financial Outlook
The conglomerate had a solid first quarter, but sales in its most consumer-sensitive businesses, including online stores, had modest increases. Amazon CEO Andy Jassy said the company can’t predict what the impact of higher tariffs will mean for its business for the rest of the year.
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