News Corp.: YOY change in book publishing revenue worldwide 2020-2023
In 2023, News Corp.'s book publishing revenue decreased by 10 percent year over year, decreasing from 2.19 billion U.S. dollars to over 1.98 billion. Drop was attributed to a number of factors, including lower print and digital book sales, mainly in the U.S. market, driven by lower consumer demand industry-wide and weak frontlist performance. Also, The impact of foreign currency fluctuations of the U.S. dollar against local currencies resulted in a revenue decrease of 58 million U.S. dollar for the fiscal year 2023 as compared to fiscal 2022.