Third-quarter Earnings Growth For The Three Largest U.S. Publishing Companies

- Dec 11, 2017-

Compared with the other three publishing companies, houghton mifflin Harcourt had the best results in the third quarter, with book sales up 11.8 per cent from a year ago and earnings growth of 1.5 per cent.

The income increase is The main reason for The key book and backlist of sell like hot cakes, such as "The Polar Express" (" The Polar Express) and "double good" (It Takes Two), and The story of her strong sales of e-books.

During the quarter, due to the download version of the audio book had a remarkable sales growth, Harper Collins in digital publishing revenues a rise of 6% in the third quarter of last year, accounting for 21% of the company's total revenue, up from 20% during the same period last year;

Total sales were $401 million, up 3.1 percent from a year earlier.

In addition, in addition to The download version of The audio book strong sales performance, Harper Collins in The quarter still from The best seller "elegy for who sing" benefit, at The same time also includes The new book "spy" House (House of very soon) and "Good Daughter" (The Good Daughter), etc.

Its parent company, news corp., said the overall development trend of the company's book publishing business remained stable, and hopes that the new book and audio books published in the fourth quarter will bring more revenue to the company.

Simon & schuster remained steady in the third quarter.

According to Simon & schuster, its sales and total revenue for the quarter were $228 million and $46 million respectively, up 1% and 4.5% from the third quarter of 2016.

Caroline reed Simon & schuster, the chief executive, said in the third quarter company version download audio book sales are up 37% from a year earlier, while sales of paper books and e-books fall again.

Besides, The first-quarter earnings increase, but also is closely connected with bestsellers stable sales in other countries: Hillary Clinton, "what happened" in countries such as Canada, Ireland, The UK's sales are rupee kolff of The Sun and Her flower (The Sun and its ehrs Flowers) is also popular in many countries.

Mr Reid said this year's business was optimistic, and the overall picture was better than 2016.

O four big publishing company, the rest (USA) is only a drop in sales this quarter publishing company, total revenue also fell by 2.8%, its parent company lagardere group attributed this to the third quarter of last year with a new book "the goddess" (Woman of God), and the lack of new books sell like hot cakes this year.

Xie's chief executive Michael o pitts said in a statement: "although the rest in the third quarter's sales fell, but the company in the first nine months of 2017 the total revenue is far higher than the same period in 2016."

He added: "sales of audio books have grown most dramatically during this period."

In the third quarter, the company's total publishing operations were 646 million euros, down 4.3 percent from a year earlier.

In the UK, where sales have fallen the most, last year harry potter and the cursed child was published and sold well, and this year there are no such books.

Although sales fell in the third quarter, the total revenue of the lagardale publishing business reached 1.66 billion euros in the first nine months of 2017, up 1.2 percent from a year earlier.

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