Bloomsbury awaits strong release slate with earnings on track
Bloomsbury Publishing PLC on Wednesday said it expects annual results in line with consensus expectations, as it looked ahead to a ‘strong’ slate of releases for the remainder of the year.
The London-based publisher put the market consensus for the year ending February 28 at £335.9 million for revenue and £41.6 million in profit before tax ‘highlighted items’.
That would represent a 7.0% revenue decline from £361.0 million in financial 2025 and a 1.2% fall in profit from £42.1 million.
In a trading update released for Wednesday’s annual general meeting, the publisher noted that Sarah J Maas topped bestseller lists in the UK and US with the launch of House of Flame and Shadow in June.
It added that the publication of JK Rowling’s Pocket Potters series starts in August with a ‘strong front list’ for the remainder of the year.
‘Operationally, we successfully transitioned our UK distribution to Hachette UK Distribution which has streamlined logistics and increased agility in our supply chain,’ the company added.
It said it is continuing to integrate the Rowman & Littlefield business into its non-consumer division. Bloomsbury announced the buy of back in May 2024.
Bloomsbury will publish its interim results on October 23.
Shares in Bloomsbury Publishing were up 2.9% at 501.00 pence in London on Wednesday morning.
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