Bloomsbury Publishing seeing Strong Fiscal Year Following 32% Revenue Surge

Proactive - Interviews for investors

Bloomsbury Publishing CEO Nigel Newton, Group Finance Director Penny Scott-Bayfield , and Jenny Rideout, Managing Director joined Steve Darling from Proactive to announce that its fiscal year 2024-2025 trading is set to surpass expectations after reporting a 32% increase in first-half revenue. The surge was driven largely by the continued blockbuster performance of fantasy fiction author Sarah J. Maas, notably her A Court of Thorns and Roses (ACOTAR) series. In the first half, Bloomsbury’s consumer division experienced remarkable growth, with revenue rising by 47% to £131.3 million, fueled by the sustained popularity of Maas’s novels. The company's overall revenue reached £179.8 million, up from £136.7 million in the same period last year. This marks the fifth consecutive period of double-digit growth, largely attributed to the success of Bloomsbury’s "2030 Vision" strategy. The non-consumer division, which includes academic and professional publishing, saw a modest 3% growth, reaching £48.5 million, while the academic and professional segments posted a 6% increase. The company also announced a 5% year-over-year increase in its interim dividend to 3.89p, a substantial 176% rise compared to 2023. Looking ahead, Bloomsbury projects annual revenues of £319.3 million and pre-tax profits of £37.5 million for the year ending February 28, 2025. #proactiveinvestors #bloomsburypublishingplac #lse #bmy #publishing #books #NigelNewton #PublishingIndustry #FinancialResults #FTSE250 #AcademicPublishing #BookAcquisition #HarryPotter #DigitalTransformation #AIinPublishing #SarahJMaas #RomanAndLittlefield #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews