Ebooks now 15% of Simon & Schuster revenue

Ebooks now 15% of Simon & Schuster revenue statistics CBS posted their Q2 financial report yesterday, and one of the high points was Simon & Schuster.

In spite of profits being down 3% last quarter ($183 million from $189 million Q2 2010), ebook revenues were up.  They're now reported as being ~15% of revenue for that quarter. That works out to about $27.5 million, which is a pretty penny. It's more than double last year's reported sales.

Let me put the growth into perspective. Last year the US ebook market averaged around $30 million in reported sales each month. This means that S&S reported sales for Q2 would have been around a third of the ebook market for last year. Considering that they're significantly less than a third of the general book market, it should tell you how fast the ebook market has grown. Of course, the S&S figures are from the quarter ending in June  and thus they are too new to be considered reliable.

On a related note, Pearson released their earnings report last week, and Penguin reported that ebooks were 15% of revenue.

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image by Alun Salt

Nate Hoffelder

View posts by Nate Hoffelder
Nate Hoffelder is the founder and editor of The Digital Reader: He's here to chew bubble gum and fix broken websites, and he is all out of bubble gum. He has been blogging about indie authors since 2010 while learning new tech skills at the drop of a hat. He fixes author sites, and shares what he learns on The Digital Reader's blog. In his spare time, he fosters dogs for A Forever Home, a local rescue group.

4 Comments

  1. Children’s Lit: The Next Big Market for E-Books? | Hack Education5 August, 2011

    […] We know that already, of course. As the major publishers have reported their quarterly earnings recently, they’ve all touted vastly increased sales for e-books. Penguin says digital books make up 14% of its total sales, for example — up 128% from last year. And e-books now comprise 15% of Simon & Schuster’s revenue. […]

    Reply
  2. […] In comparison, Penguin’s most recent numbers peg ebooks at 14% of revenue, while Simon & Schuster have reported 15%. […]

    Reply
  3. […] sales are now counting for 17% of revenue at Simon & Schuster. That’s up slightly from last quarter, and it’s also about double whart S&S reported last […]

    Reply
  4. […] growth. Penguin’s most recent numbers peg ebooks at 14% of revenue, Simon & Schuster have reported 15%, and Hachette reported ebook sales having tripled to around 20%.–To get more ebook news, […]

    Reply

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