Bloomsbury Publishing seeing Strong Fiscal Year Following 32% Revenue Surge

Описание: Bloomsbury Publishing CEO Nigel Newton, Group Finance Director Penny Scott-Bayfield , and Jenny Ridout, Managing Director joined Steve Darling from Proactive to announce that its fiscal year 2024-2025 trading is set to surpass expectations after reporting a 32% increase in first-half revenue. The surge was driven largely by the continued blockbuster performance of fantasy fiction author Sarah J. Maas, notably her A Court of Thorns and Roses (ACOTAR) series.

In the first half, Bloomsbury’s consumer division experienced remarkable growth, with revenue rising by 47% to £131.3 million, fueled by the sustained popularity of Maas’s novels. The company's overall revenue reached £179.8 million, up from £136.7 million in the same period last year. This marks the fifth consecutive period of double-digit growth, largely attributed to the success of Bloomsbury’s "2030 Vision" strategy. The non-consumer division, which includes academic and professional publishing, saw a modest 3% growth, reaching £48.5 million, while the academic and professional segments posted a 6% increase.

The company also announced a 5% year-over-year increase in its interim dividend to 3.89p, a substantial 176% rise compared to 2023.
Looking ahead, Bloomsbury projects annual revenues of £319.3 million and pre-tax profits of £37.5 million for the year ending February 28, 2025.

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