Bloomsbury Publishing defies Covid-19 expectations, with revenue down just 3%, thanks to robust print sales and a 52% rise in digital. Talking to the UK trade journal The Bookseller, Bloomsbury CEO Nigel Newton said that books were still reaching customers, highlighting supermarkets, the Hive and Waterstones’ website, along with Amazon and sales of e-books.
A 190% revenue growth in audio during the year was not sustained during the lockdown period, although audiobook sales were described as “okay”, but it was ebooks that Newton reported on most positively.
This is a perfect moment for e-books. Our strategy of expanding and leveraging our digital rights and products means that we are well placed to benefit from increased demand for our digital resources, audio and e‐books.