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Bloomsbury Publishing demonstrates that everyone loves a good book

Last updated: 11:16 15 Feb 2024 GMT, First published: 06:30 10 Dec 2020 GMT

Snapshot

  • Bloomsbury profit to beat hiked expectations on Sarah J. Maas success
  • Bloomsbury to release seven new Sarah J Maas titles from next year
  • Bloomsbury set for good times ahead after bestseller fuels growth - analyst
  • Bloomsbury Publishing credits Sarah J Maas novels amid stronger performance
books

About the company

Bloomsbury Publishing PLC is a leading independent publishing house, established in 1986, with authors who have won the Nobel, Pulitzer and Booker Prizes, and is the originating publisher and custodian of the Harry Potter series.

The company has offices in London, New York, New Delhi, Oxford and Sydney. 

How it is doing

14 Feb 2024

Bloomsbury Publishing PLC (LSE:BMY) has announced full-year revenue and profit will come in far ahead of market expectations, which had previously been upgraded in December.

It told analysts revenue would be ahead of £291.4 million for the year to February 29 in a Wednesday update, while pre-tax profit would outdo consensus of £37.2 million.

This comes after “exceptional growth” within the firm’s consumer division, driven partially by the release of contracted author Sarah J. Maas’s latest novel in January.

Expectations had previously been hiked in December and saw revenue and profit of £274.2 million and £32.9 million respectively. 

10 Feb 2024

Bloomsbury Publishing PLC (LSE:BMY)'s Tamsin Garrity (TG), the company's new head of investor relations, talked with Stephen Gunnion (SG) about the publisher's achievements and strategic vision.

Through insightful questions and detailed responses, they explore the impact of Sarah J. Maas's bestselling novel, the growth of the fantasy and sci-fi genre, and Bloomsbury's diversified approach to publishing.

01 Feb 2024

Bloomsbury Publishing PLC (LSE:BMY) said House of Flame and Shadow, the latest novel by star author Sarah J Maas, had reached number one globally on Amazon just two days after launch on 30 January.

The novel is top of Amazon’s lists in the US, UK, Australia, Germany, France, Sweden and Spain, the publisher noted.

Insight: Bloomsbury to release seven new Sarah J Maas titles from next year

14 Dec 2023

Bloomsbury Publishing PLC (LSE:BMY) is set to surf the wave of the fantasy genre further with the release of seven new Sarah J Maas titles slated from early next year and a propulsive new author in the space, Samantha Shannon.

The fantasy genre continues to surge ahead of expectations for independent publisher Bloomsbury.

What the brokers say

14 Feb 2024

Bloomsbury Publishing PLC (LSE:BMY)’s second profit upgrade in a matter of months could just be the beginning of an epic journey fuelled by further novel releases, analysts say.

The London-listed publisher told investors on Wednesday that profit and revenue for the year to February 29 would “significantly” beat expectations of £291.4 million and £37.2 million respectively.

This comes after the market hiked anticipations in December, with the January release of Sarah J. Maas’s latest novel, which subsequently became a bestseller, said to have fuelled earnings.

What management says

15 Feb 2024

 

Bloomsbury Publishing PLC (LSE:BMY) Head of Investor Relations Tamsin Garrity joined Proactive's Stephen Gunnion with details of a trading update the publishing firm had to release after it became evident its full-year revenue and profit would be well ahead of analysts' expectations.

Garrity credited the strong performance in part to the success of author Sarah J. Maas's latest novel "House of Flame and Shadow," coupled with growing popularity of her previous works.

Bloomsbury Publishing credits Sarah J Maas novels amid stronger performance

  Bloomsbury Publishing PLC (LSE:BMY) Head of Investor Relations Tamsin Garrity joined Proactive's Stephen Gunnion with details of a trading update the publishing firm had to release after it became evident its full-year revenue and profit would be well ahead of analysts'...

on 15/2/24