Barnes & Noble: Revenue Up, Losses Up
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Barnes & Noble has released its latest financial results for the 2012 fiscal year, and they are not all that glowing. The company has generated more revenue but its losses are up as well. During the 12 month period that ended April 28, B&N’s NOOK business generated $993m in revenue. That is a 34.3% gain over the $695 million it generated a year ago. Unfortunately, the business ended up with a loss of $262 million.
Barnes & Noble did not disclose how many NOOKs it sold during its fourth quarter. But sales seem to be down compared to the previous year. These results do indicate that B&N needs some help to keep NOOK growing and take it to the next level. B&N has already partnered up with Microsoft, so it will be interesting to see how the partnership works.
B&N may not be making a whole lot of profits from its NOOK business. At the same time, it is growing in content sales. That seems to be the main focus of the company in the future.
