Driven by the worldwide success of Fifty Shades of Grey, revenue and profit were both up significantly at Random House in 2012.
Overall revenues at the company were up 22% to €2.14 billion ($2.75 billion) and profits were up 76% to €325 million. Random House helped drive revenue overall in 2012 at its parent company, Bertelsmann, to over €16 billion, according to the company’s annual report.
In a lengthy write-up within the report, Bertelsmann dissects the Fifty Shades of Grey phenomenon that drove much of the growth at Random House, sharing lessons learned. The company also outlined its strategy for the coming year in four parts: strengthening the core; digital transformation; growth platforms; and growth regions. Read the entire report here.
The complexion of Random House and Bertelsmann will change later this year when, as expected, the merger between Random House and Penguin is approved and closed. The newly formed entity, Penguin-Random House, will balloon in size and is expected to have around 9,000 employees and around $4 billion in revenue.