Pottermore sees boost in revenues as pre-tax profits rise to £9.4m

Pottermore, the global digital audiobook and e-book publisher of J K Rowling’s Harry Potter series and associated titles from the Wizarding World, saw pre-tax profits rise to £9.4m in 2023, from £5.7m the previous year. 

Revenues also saw a boost in the 12 months ending 31st March 2023, reported at £48.2m, up from £37.8m in 2022.

To date, trading in the current year, ending 31st March 2024, has been "in line with management expectations", with sales of Harry Potter e-books and digital audiobooks remaining strong. 

Jennie McCann, Pottermore’s managing director, said: “Reaching milestones such as one billion hours of listening to Harry Potter on Audible, celebrating the 25th anniversary of the first book’s publication in Germany, completing the publication of recordings of the entire Harry Potter series in Mandarin Chinese, and releasing new audio recordings of the Hogwarts Library titles in a number of markets including the Netherlands, Bulgaria and Denmark, indicates how Pottermore Publishing continues to connect readers and listeners around the world with the magic of these incredible stories.

"We continue to look for ways to grow partnerships, build our language catalogue and reach new audiences with creative and promotional initiatives such as the annual Starting Harry Potter campaign for new readers. We are proud to have recently become signatories of the Publishing Accessibility Action Group (PAAG) Charter and there is ongoing work to make our books and audiobooks more accessible in order to meet our commitment to supporting a diverse readership."

Pottermore Publishing continues to make its catalogue available through a global distribution network including online retail and library partners such as Amazon, Apple, Audible and Bookbeat, among others.