Revenue at Scholastic rose 3% in the third quarter ended February 28, over the comparable period a year ago, from $336.2 million to $344.7 million. However, investments to improve the company’s profitability and one-time charges led to a net loss of $49.2 million in the most recent quarter, up from $15.4 million a year ago. Despite the higher loss, Scholastic chairman Dick Robinson said the company’s results were in line with expectations. He noted that Scholastic is upping its per-share earnings forecast for the fiscal year ending May 31.
The Association of American Publishers (AAP) today released its StatShot report for April 2021 reflecting reported revenue for all tracked categories, including Trade (Consumer Books), K-12 Instructional Materials, Higher Education Course Materials, and Professional Publishing.
Total revenues across all categories for April 2021 were up 43.7% as compared to April 2020, coming in at $994.1 million. Year to date revenues were up 27.0%, at $4.1 billion for the first four months of the year.
Trade (Consumer Books) Revenues
Trade (Consumer Books) sales were up 35.2% in April, coming in at $738.9 million, and up 27.6% year to date, with $2.8 billion in revenue.
In terms of physical paper format revenues during the month of April, in the Trade (Consumer Books) category, Hardback revenues were up 49.4%, coming in at $278.6 million; Paperbacks were up 44.0%, with $250.0 million in revenue; Mass Market was up 11.9% to $18.1 million; and Board Books were up 24.0%, with $12.2 million in revenue.
eBook revenues were down 1.2% for the month as compared to April of 2020 for a total of $90.8 million. The Downloaded Audio format was up 17.5% for April, coming in at $63.1 million in revenue. Physical Audio was up 32.2% coming in at $2.1 million.
Much more at source: https://publishers.org/news/aap-april-2021-statshot-report-publishing-industry-up-43-7-for-april-2021-and-27-0-year-to-date/