Yesterday Barnes & Noble reported their 5th straight quarter of shrinking digital revenue, with the latest quarter costing them another $61 million EBITDA. This represents not just a single quarter, but the latest quarter in 4 years of B&N losing money on the Nook.
So far as we can tell from publicly available info, after nearly 5 years Barnes & Noble has not made a profit on their digital investment. In retrospect that was a bad investment, but I’m not sure that the same can be said at the time.
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