Hachette Book Group Sales Up 4% in Third Quarter; Lagardère Up 2.4%
At Lagardère, Hachette Book Group's parent company, publishing division revenue in the third quarter ended September 30 rose 0.9%, to €836 million (about $932 million), on a like-for-like basis. Overall Lagardère revenue rose 2.4%, to €2.63 billion (about $2.93 billion), but rose 2.7% with currency fluctuations.
Chairman and CEO Arnaud Lagardère said that in the third quarter, "amid a challenging geopolitical and macroeconomic environment, the Lagardère Group once again demonstrated great solidity, with growth accelerating to 2.4% from 1.8% in the previous quarter.... Lagardère Publishing confirmed its leading positions, with growth lifted in particular by very strong performances in English- and Spanish-language General Literature."
The company said that U.S. publishing revenue rose 4%, "driven by several publishing successes including Caroline Chambers's What to Cook When You Don't Feel Like Cooking, Manuel Garand's Murdoku: 80 Murder Mystery Logic Puzzles, Rachel Gillig's The Knave and the Moon, James Patterson and James O. Born's Delusional: A Michael Bennett Thriller, and James Patterson and Mike Lupica's The Country Road Murders, as well as by a strong performance from the partner publisher distribution network. Rising audiobook sales continued to support growth."
The company also noted David Shelley's upcoming appointment as global adviser to Hachette Livre's executive management, which will include "guiding the group in developing new markets and global digital offerings, expanding international synergies and overseeing mergers and acquisitions." Shelley will also become executive chair of Hachette Book Group and Hachette UK.
Shelley, who is currently CEO of Hachette Book Group and Hachette UK, commented on third-quarter results in the U.S., noting that the company had "an extremely strong line of #1 New York Times bestsellers" during the period. These included Counterrevolution by Victor Davis Hanson (Basic Books), Gilded Blade by Jennifer Lynn Barnes (Little, Brown Books for Young Readers), Perilous Fight by Colin Kaepernick (Legacy Lit), PlantYou Quickies by Carleigh Bodrug (Balance), Styx: The River (Deluxe Limited Edition) by Nikita Gill (Little, Brown Books for Young Readers), This Is Me by Hayden Panettiere (Grand Central), and What to Cook When You Don't Feel Like Cooking by Caroline Chambers (Union Square & Co.).
He also pointed to "a strong slate of releases in the coming months, including A Married Little Christmas by Abby Jimenez (Forever), All In by David Baldacci (Grand Central), The Brightness by Chad Harbach (Little, Brown), The Family Cross by James Patterson (Little, Brown), One Helluva Ride by Michael Douglas (Grand Central), The Hollow by Michael Connelly (Little, Brown) and Promise Me, America by Joe Biden (Little, Brown). We are also celebrating enormous sales of puzzle books, notably Murdoku (Union Square) and The Killer Isn't Alice (Little, Brown)."




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At the Boston Book Festival this past weekend, Shelf Awareness children's and young adult editor Siân Gaetano (left), moderated the young adult author panel "Fantasy Worlds and Falling in Love," featuring (l.-r.) Elizabeth Lim (A Forgery of Fate; Knopf), Jennifer Lee (As I Dream of You, illustrated by LeUyen Pham; First Second), and Maria Ingrande More (A Wild Radiance; Peachtree Teen). (photo: Shoshana Flax, Horn Book)
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