S&S revenues up 29% in third quarter

S&S revenues up 29% in third quarter

Worldwide sales at Simon & Schuster have leapt by 29% in the third quarter, increasing from $217m in the same period in 2019, to $279m this year. 

While revenue has increased across publishing, S&S parent company ViacomCBS reported an overall revenue drop of 9% revenue at $6,116m for the period ending 30th September.

The positive publishing result has been attributed to high print and digital sales of titles including Bob Woodward's Rage and Mary Trump's exposé Too Much and Never Enough: How My Family Created the World's Most Dangerous Man

In the UK, c.e.o. Ian Chapman said the results had been boosted by robust brand performances in fiction, and strong offerings in the Children's division. He said: "In what has been an unprecedented year of challenge for the book trade, it is reassuring for us to be heading into the crucial final quarter in such a strong position.

"As reported by ViacomCBS S&S revenues and profits are both up in the quarter and year-to-date and we have had a particularly strong Q3 across all territories. Sales were buoyed by Mary Trump’s essential Too Much and Never Enough, underpinned by strong brand performances across fiction from the likes of Santa Montefiore and Chris Carter and Children’s ongoing success with Ben Miller and Supertato."

ViacomCBS announced it planned to sell S&S earlier this year. There is no further news to share on this currently, the publisher has said.