Bloomsbury Publishing Trading Update

Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, today announces a year-end trading update for the 12 months ending 28 February 2023.

Revenue is now expected to be over £260 million and profit before taxation and highlighted items is expected to be some £30 million for the year ended 28 February 2023.* This follows strong trading at the end of the year.

Commenting on the results, Nigel Newton, Chief Executive of Bloomsbury, said:
“Bloomsbury’s unique position in combining consumer and academic publishing combined with our investment in high quality content and company acquisitions has enabled us to achieve excellent trading for the year. We have seen strong demand for our titles – in print, ebook and audio – and continued digital growth. Two of our strongest performances in the year have come from very disparate ends of our publishing strategy – fantasy novels on the one hand and academic digital resources on the other – showing how well our balanced consumer and academic portfolio is working in practice.

Throughout a year which has been characterised by rising inflation and cost of living pressure, it is notable that reading remains hugely popular throughout the world with books regarded by many readers as an affordable pastime.”
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