Harry Potter publisher Bloomsbury benefits as Brits turn to books as affordable treat in cost of living crunch

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City AM

By Jack Mendel People turning increasingly to books as an affordable hobby in the cost-of-living crisis has helped Harry Potter publisher Bloomsbury hike its full-year profit outlook. The group – which is also the publisher behind Bake Off star Paul Hollywood’s latest cookbook Bake – said it was seeing surging demand for titles in print, ebook and audio, which is helping boost sales and profits, with trading particularly strong in recent months. It now expects underlying pre-tax profits to be “materially” ahead of expectations, at about £30 million for the year to February 28 on revenues of mo…

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