The story
Founded in 2003 by David and Rachel Maclean, Packt Publishing provides books, eBooks, video tutorials, and articles for software engineers, web developers, system administrators, and users. The company states that it supports and publishes books on smaller projects and subjects that standard publishing companies cannot make profitable. The company's business model, which involves print-on-demand publishing and selling direct, enables it to make money selling books with lower unit sales. This business model aims to give authors high royalty rates and the opportunity to write on topics that standard publishers tend to avoid.
In 2018, Packt's revenue reached 18.4 million pounds, a 28% increase over the previous year, attributed to increased market share over the period.
In 2019, Packt stated it had published 6,500 books over its 16 years of operation.
From Wikipedia’s article on Packt, shared under CC BY-SA 4.0.4