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Move over Random House – Ebooks Now 20% of Hachette Sales

The French media conglomerate Lagardère released their financial docs today, and it looks like ebooks are about to become the tail that wags the dog. Business was generally good for Lagardère, but the ebook biz has been fantastic. Hachette reported that ebooks were now 20% of sales in the US and 8% of sales in the UK. That's double the figures for the first half of last year.

But the more important news is that ebooks are now 5% of net sales for the entire Lagardère Publishing division. That includes all the markets they serve. Impressive, no? On the other hand, it gets slightly less so when you factor in that the income for  Lagardère Publishing dropped by over 7% compared to last year.

In comparison, Penguin's most recent numbers peg ebooks at 14% of revenue, while Simon & Schuster have reported 15%.


image by ImaginaryGirl

About Nate Hoffelder (11114 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader: "I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

2 Trackbacks & Pingbacks

  1. Ebook Sales Up at Simon & Schuster – Now 17% of Revenue - The Digital Reader
  2. Ebook Sales now 21% of Hachette Revenue - The Digital Reader

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