Round Up: Revenue, eBooks Up and Down at HarperCollins, HMH, and Hachette

Over the past week 3 quarterly reports from major US publishers have crossed my desk, and rather than cover each one individually I waited to post a round up.

HarperCollins

  • Revenues: $354 million, up 14%
  • Gross Profit $53 million, up 83% from last year
  • eBook Revenues grew by 46% over a year ago and represented 26% of company revenues, up from 21% last year.
  • press release

Hachette Livre

  • Revenues (US, UK, France, and elsewhere): €393 million, down 5.3% from last year
  • eBook Revenues made up 13.4% of net sales for the division (vs. 12.4% in the first quarter of 2013), including 34% of net trade sales in the US, as in the first quarter of 2013, and 40% of net adult trade sales in the UK (vs. 31% for the same period last year)
  • press release

Houghton Mifflin Harcourt

  • Revenues: net sales of $154 million
  • eBook Revenues: (not disclosed)
  • press release

4 thoughts on “Round Up: Revenue, eBooks Up and Down at HarperCollins, HMH, and Hachette

  1. Not surprising that Hachette is falling behind in sales and market share, and in ebook sales in particular. Whereas the other four major US publishers are making concerted efforts to adapt to the new realities of the publishing industry, Hachette just doesn’t get it and is still fighting a loosing battle.

    Witness their current dispute with Amazon and yesterday’s controversial announcement that they will not provide copies of their Hugo-nominated novels as part of the Hugo Voters Packet. Three of the five nominated novels are published by their Orbit imprint and the authors have issued a joint statement opposing their decision but Hachette doesn’t seem to care.

    1. Last year’s Hugo nominees and the samples provided were:
      Throne of the Crescent Moon (PDF)(DAW)
      Captain Vorpatril’s Alliance (DRM-Free ePub, mobi, PDF)(Baen)
      Blackout (password-infested PDF)(Orbit)
      2312 (password-infested PDF)(Orbit)
      Redshirts (DRM-free ePub, mobi, PDF) WINNER

      Anybody think there’s no causation between making the full text of the book easily readable on whatever the reader wanted and who won?

      Scalzi and Bujold, IMO, were the only authors who were really left in the race, once the other publishers decided to make it difficult to stuff the stories into your phone or pad and still keep them readable. (FYI, my eyes are no longer even middle-aged, and PDFs don’t reflow or scale the text sizes worth a damn.)

      This year, Hachette is insulting the readers by merely publishing “excerpts,” not the full story. Like I’m supposed to judge whether a book is worthy by reading an “excerpt.”
      Meh.

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