Ebook Sales now 21% of Hachette Revenue

The French media conglomerate  Lagardere released some details from their quarterly report today, and the figures for the publishing division might shock you. When compared to 2010 , sales were down 5% last quarter at Lagardere Publishing (down to 601 million euros), with the US and UK markets seeing an even steeper drop (8% and 10%). The drop at Hachette, the US sub, is being blamed on cheaper ebooks  and the death of Borders.  Lagardere  also reported that when Stephenie Meyer's book were excluded from the accounting, sales were actually up  a fraction of a percent.Even so, ebook sales were still up at Hachette, and they now account for 21% of revenue for the first 3 quarters, and that's up from 9% revenue last year.

While that might look astounding, it shouldn't be a surprise. Our last report from Lagardere indicated that ebooks accounted for 20% of Hachette's revenue in the first half of this year. Today's news is still a sizable increase, yes, but not an earth shattering kaboom.

But there is a bit of news that odes qualify as earth shattering. US ebook sales are great, but in the UK they account for 9% of revenue. Given that the UK market is significantly less well developed than the US market, 9% is a surprising chunk of change.

Just to put these numbers into perspective, Wiley reported that ebook sales nearly tripled last quarter, Simon & Schuster reported ebooks at 17% of revenue, and Penguin reporting a doubling in ebook sales recently.

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About Nate Hoffelder (11381 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."

4 Trackbacks & Pingbacks

  1. Why Did it Take Stephenie Meyer so Long to Join the Kindle Millions Club? - The Digital Reader
  2. BI Research Express 11/9/2011 | Athens Report
  3. Bloomsbury Reports Ebook Sales up 38% - The Digital Reader
  4. Ebooks Revenue is Leveling Off for Hachette US - The Digital Reader

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