US book e/retailer Barnes & Noble (NYSE: BKS) has released its FY12 financials for the 12 months ending 28 April 2012.
Of particular interest was its Nook digital reader and content activity, which is now broken out as a separate accounting line.
Total Nook hardware and softwares sales were $933 million, up 34 percent year-on-year.
Sales in Q4 were $164 million, down 10.5 percent y-o-y.
Content is best
Barnes & Noble said this was due to lower hardware sales and lower average device prices. It also received more Nook Simple Touch hardware back from retailers as it optimised its supply chain for future products.
However, digital content sales - including books, magazines and apps - increased 65 percent in Q4, up 119 percent for the full year to $483 million.
Still, EBITDA (a measure of cash flow) for the overall Nook business remained in the red. It posted a financial year loss of $262 million, compared to a loss of $209 million for FY2011.
Looking ahead
As announced in April, Barnes & Noble is currently in the process of launching its Nook and college book business as a completely separate company - known as 'Newco' - as part of its strategic partnership with Microsoft, which will invest $300 million in the new company.
It noted that it 'is in the process of implementing the work necessary to complete the separation and close the Microsoft transaction'.
"In the quarter we ... announced a historic new partnership with Microsoft that will include a significant investment in Newco, and that will capitalise the company to fuel continued growth in digital and international expansion," pointed out CEO William Lynch.
[source: Barnes & Noble]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Top Stories
News
3 hours, 40 minutes ago
King and Flexion partner to bring Candy Crush Saga to App Gallery and more alternative app stores
News
5 hours, 9 minutes ago
BBC Studios hires former Bossa Studios CEO Marina Mello as first global director, gaming and interactive
News
5 hours, 50 minutes ago
The top games for downloads are shifting as new stars rise and puzzle games conquer Japan
Feature
6 hours, 57 minutes ago
Mobile Mavens: Are today's everlasting, live ops games holding back new innovation?
Feature
8 hours, 25 minutes ago
The key takeaway from Apple's AI-laden WWDC keynote? It's time to buy a new iPhone
Events
Tribeca Games Festival 2024 | North America | Jun 5th |
Steam Next Fest: June 2024 Edition | Jun 10th | |
WN Conference Istanbul 2024 | Jun 11th | |
GamesForum Hamburg 2024 | Europe | Jun 11th |
ESI London 2024 | Europe | Jun 13th |
Game Con Canada (GCC) 2024 | North America | Jun 14th |
Indie Dev Play 2024 | Europe | Jun 14th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Popular Stories
Interview
Jun 5th, 2024
A galaxy far, far away… Why Star Wars: Hunters took six years to hit the target
as
Feature
Jun 3rd, 2024