financetom
Business
financetom
/
Business
/
Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand
Oct 31, 2024 4:30 AM

(Reuters) -UK's Bloomsbury Publishing on Thursday said trading in fiscal year 2024-2025 will be ahead of current expectations, after posting a 32% jump in first-half revenue, driven by another round of blockbuster performance of Sarah J Maas's fantasy fiction titles.

The publisher, best known for picking up J.K. Rowling's Harry Potter series in 1997, has managed to attract a broader readership with "A Court of Thorns and Roses" or ACOTAR series author Sarah J. Maas's fantasy-fiction novels.

The genre is gaining popularity among teenagers and adults alike through word-of-the-mouth recommendations on social media, including TikTok and Instagram.

The company reported revenues of 179.8 million pounds ($232.4 million), compared to the 136.7 million pounds it reported last year.

It expects to report revenues of 319.3 million pounds and pre-tax profit of 37.5 million pounds for the year ending Feb. 28, 2025.

($1 = 0.7735 pounds)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Engineering company L.B. Foster's Q2 adjusted EBITDA up 51.4%, backlog rises 8.1%
Engineering company L.B. Foster's Q2 adjusted EBITDA up 51.4%, backlog rises 8.1%
Aug 11, 2025
Overview * L.B. Foster Q2 net income rises 1.3% yr/yr to $2.8 mln * Adjusted EBITDA for Q2 up 51.4% driven by Infrastructure segment * Company backlog increases 8.1% yr/yr, indicating potential future growth Outlook * L.B. Foster expects 2025 full-year net sales between $535 mln and $555 mln * Company anticipates 2025 adjusted EBITDA between $40 mln and $44...
Equinox Gold Says its Castle Mountain Phase 2 Project Accepted Under FAST-41 Permitting Program
Equinox Gold Says its Castle Mountain Phase 2 Project Accepted Under FAST-41 Permitting Program
Aug 11, 2025
07:44 AM EDT, 08/11/2025 (MT Newswires) -- Equinox Gold ( EQX ) said Monday its Castle Mountain mine phase 2 project in San Bernadino County, California, has been accepted under the US Federal Permitting Improvement Steering Council's FAST-41 program. The company said the FAST-41 program is designed to streamline the permitting process for certain projects. Equinox Gold ( EQX )...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
BMO on The Day, Week Ahead in Canada
BMO on The Day, Week Ahead in Canada
Aug 11, 2025
07:43 AM EDT, 08/11/2025 (MT Newswires) -- The Summary of Deliberations from the Bank of Canada's July 30 policy meeting on Wednesday is expected to reflect policymakers' bias to cut rates further and the inflation worries that are keeping it from doing so, said Bank of Montreal (BMO). The bank noted that it will be looking for more details on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved