Bertelsmann revs, profits skyrocket

Multimedia sector's sales double to $200 mil

BERLIN — German media giant Bertelsmann has posted a 12.2% increase in revenues to DM14.5 billion ($7.3 billion) in the first half of its fiscal year, with overall profits up 75% to some $500 million.

The group’s most active section was its multimedia business, which saw sales double to $200 million.

In the U.S., Bertelsmann saw an increase in revenue of 21% to $2.6 billion, while German operations climbed 11.4% to $2.1 billion.

The sale of its America Online shares last year contributed to the increased revenue. The company plans to continue investments in Internet activities, with $1.4 billion slated for this year.

In related news, the European Commission has OK’d Bertelsmann’s plans to set up a paperback-publishing joint venture with Spain’s Planeta called Nuevas Ediciones de Bolsillo. Planeta owns half of Bertelsmann’s Spanish-language Web bookstore, BOL Iberica.

More Biz

  • Ellen Degeneres Racism

    Entertainment Leaders Set to Celebrate Special Olympics 50th Anniversary

    BERLIN — German media giant Bertelsmann has posted a 12.2% increase in revenues to DM14.5 billion ($7.3 billion) in the first half of its fiscal year, with overall profits up 75% to some $500 million. The group’s most active section was its multimedia business, which saw sales double to $200 million. In the U.S., Bertelsmann […]

  • Lauren Sivan

    Accuser Lauren Sivan Reacts to Harvey Weinstein's Arrest: 'He Should Be in Jail'

    BERLIN — German media giant Bertelsmann has posted a 12.2% increase in revenues to DM14.5 billion ($7.3 billion) in the first half of its fiscal year, with overall profits up 75% to some $500 million. The group’s most active section was its multimedia business, which saw sales double to $200 million. In the U.S., Bertelsmann […]

  • Netflix Reed Hastings

    Netflix Stock Closes at All-Time High, Nudging Market Cap Ahead of Disney's Again

    BERLIN — German media giant Bertelsmann has posted a 12.2% increase in revenues to DM14.5 billion ($7.3 billion) in the first half of its fiscal year, with overall profits up 75% to some $500 million. The group’s most active section was its multimedia business, which saw sales double to $200 million. In the U.S., Bertelsmann […]

  • Mario Batali

    Mario Batali's Three Las Vegas Restaurants to Close Following Harassment Allegations

    BERLIN — German media giant Bertelsmann has posted a 12.2% increase in revenues to DM14.5 billion ($7.3 billion) in the first half of its fiscal year, with overall profits up 75% to some $500 million. The group’s most active section was its multimedia business, which saw sales double to $200 million. In the U.S., Bertelsmann […]

  • Hollywood's Magic Castles Head to China

    Hollywood's Magic Castles Head to China

    BERLIN — German media giant Bertelsmann has posted a 12.2% increase in revenues to DM14.5 billion ($7.3 billion) in the first half of its fiscal year, with overall profits up 75% to some $500 million. The group’s most active section was its multimedia business, which saw sales double to $200 million. In the U.S., Bertelsmann […]

  • Is Spotify Walking Back Its Anti-Hate

    Is Spotify Walking Back Its Anti-Hate Policy?

    BERLIN — German media giant Bertelsmann has posted a 12.2% increase in revenues to DM14.5 billion ($7.3 billion) in the first half of its fiscal year, with overall profits up 75% to some $500 million. The group’s most active section was its multimedia business, which saw sales double to $200 million. In the U.S., Bertelsmann […]

More From Our Brands

Access exclusive content