PRH revenue rise helps Bertelsmann to record profitability

PRH revenue rise helps Bertelsmann to record profitability

A strong performance from Penguin Random House, including a 4.6% rise in revenues, helped parent company Bertelsmann achieve record operating EBITDA (earnings before interest, taxes, depreciation and amortisation) of €3.1bn (£2.7bn) in the financial year 2020.

At Penguin Random House, revenues jumped from €3.6bn (£3.1bn) to €3.8bn (£3.2bn) while operating EBITDA soared from €561m (£479m) to €691m (£590).

PRH “delivered a strong publishing and business performance, especially in connection with the great worldwide success of Barack Obama’s A Promised Land, another global bestseller, after ...

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