HarperCollins sales rise 13% in latest quarter

HarperCollins sales rise 13% in latest quarter

HarperCollins saw global sales increase 13% year on year in the latest quarter, with EBITDA (earnings before interest, taxes, depreciation and amortisation) rocketing 45%, partly thanks to a surge in digital spending.

Figures published by parent company News Corp, which does not break out UK figures, showed the publisher's worldwide sales in the three months ending 30th September hit $458m, up from $405m in the same period last year. EBITDA at the publisher increased to $71m from $49m in 2019.

News Corp said the revenue growth was primarily down to bestsellers such as The Order by Daniel Silva, The Guest List by Lucy Foley and How to Destroy America in Three Easy Steps by Ben Shapiro.

The first-quarter report also cited growth in children’s books “driven by higher backlist sales across various titles”.

Digital sales increased 20% compared to the year before, driven by growth in both e-book and downloadable audiobook sales. Digital sales represented 23% of consumer revenues for the quarter.

For News Corp as a whole, revenues were $2.12bn, a 10% decline on the $2.34bn recorded in the same period last year.