Bloomsbury Publishing (LON:BMY) said on Wednesday it expects full-year results to land in line with market forecasts, despite projecting a modest drop in revenue and profit compared to last year.
The publishing house guided consensus expectations for revenue at £335.9 million and pre-tax profit before highlighted items at £41.6 million for the year ending 28 February 2026. That marks a 7% decline in revenue from £361 million last year and a 1.2% fall in adjusted pre-tax profit from £42.1 million.
In a trading update released ahead of its annual general meeting, Bloomsbury pointed to recent success from its key authors. Sarah J Maas topped bestseller lists in both the UK and US with the release of House of Flame and Shadow in June, while the much-anticipated Pocket Potters series from JK Rowling is set to begin publishing in August.
The company said it is optimistic about its publishing slate for the rest of the year, describing it as a “strong front list” of titles.
Bloomsbury also highlighted operational improvements, having completed the transition of its UK distribution to Hachette UK Distribution, a move aimed at streamlining logistics and improving supply chain agility. It continues to integrate US academic publisher Rowman & Littlefield, which it acquired in May 2024, into its non-consumer division.
Interim results are scheduled for 23 October.
Shares in Bloomsbury were up 2.9% on Wednesday morning.