Bloomsbury Publishing Reports Higher Profit Despite Revenue Decline
Bloomsbury Publishing reported a 7% increase in profit to £44.9 million for H2 despite year-over-year revenue decline, driven by strong performance from its Academic and Professional division and digital sales growth. The company raised dividends by 5%, cited robust pre-orders for upcoming releases like Sarah J. Maas books, and highlighted AI investments as part of future strategy.
Topics: ai_integration digital_sales international_expansion profit_growth publishing