Hachette Book Group’s Revenue Up 12.9% in Q3

By Dianna Dilworth 

HachetteHachette Book Group’s third quarter net revenues increased by 12.9 percent in 2016, as compared to the same timeframe last year, the company revealed today. Hachette Livre reported €675 million ($734 million) in revenue for the quarter, a double digital increase.

HBG’s CEO Michael Pietsch attributed the growth to “a strong lineup including Nicholas Sparks’ Two By Two, James Patterson’s Woman of God and Bullseye, Lin-Manuel Miranda and Jeremy McCarter’s Hamilton: The Revolution, David Baldacci’s The Last Mile, Sandra Brown’s Sting, Joel Osteen’s Think Better, Live Better, Noah Hawley’s Before the Fall, and Gary Byrne’s Crisis of Character.”

Pietsch also said that the company’s acquisition of Perseus has had a positive impact on revenues. He also said that Perseus’s 200 employees, five publishing imprints, and thousands of authors have been well integrated into the company.

The book group has already had 199 bestsellers this year, up 27 percent from the same period last year. This includes 37 No. 1 bestsellers for the year so far, up 23 percent over last year.