Pearson Reports Digital, eBook Revenues Up in First Half of 2013

pearson-logo-on-white[1]The benevolent publishing conglomerate Pearson posted a 6 months earning report today, and digital content is seeing strong growth.Pearson reports that in the past 6 months:

eBook revenue grew strongly and accounted for 21% of Penguin’s global revenue (19% in 2012), and 33% in the US (31% in 2012).

And that's not the only digital content that was growing in a down economy. The Financial Times is seeing a rise in digital subscriptions as well as mobile readers. At 343,000 paid subscriptions, digital now accounts for over 60% of the FT's 604,000 subscriber base. And mobile devices are also growing more important to the FT's readers:

Mobile readership continued to grow sharply, with over half of all FT.com subscriber consumption, more than a third of total page views and 24% of new digital subscriptions coming through mobile devices.

And in other news, Pearson is pleased with the performance of their self-pub sub:

Author Solutions performed well helping more than 13,000 authors to publish titles in the first half of 2013. In February, Penguin India launched Partridge, a new self-publishing imprint, in partnership with Author Solutions.

There was no mention, however, of the ongoing class action lawsuit against Author Solutions which was filed earlier this year.

 

About Nate Hoffelder (11579 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."

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