Ebook Sales Up at Simon & Schuster – Now 17% of Revenue

Simon & Schuster released their quarterly report today, and the news is both good and bad.

Print sales were down significantly - to the lowest point they've been in years. S&S CEO Carolyn Reidy attributed this to the closing of Borders, but the weak economy probably also had an effect IMO. But ebook sales more than made up for the difference. Simon & Schuster reported seeing a 1% increase in revenue over the same quarter last year.

Ebook sales are now counting for 17% of revenue at Simon & Schuster. That's up slightly from last quarter, and it's also about double what S&S reported last year.

These new numbers from S&S are in line with their major competitors, with Hachette reported ebook sales having tripled to around 20%, Wiley reported that ebook sales nearly tripled last quarter, and Penguin reporting a doubling in ebook sales just yesterday. I guess this means that Price Fix 6 aren't hurting themselves with the higher prices, much to my surprise.

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.

7 Comments

  1. Syn4 November, 2011

    You have to wonder how much higher it would be if the prices weren’t fixed. I got out of my way not to buy anything they publish now.. I’m sure I’m not alone..

    Reply
    1. Mike Cane4 November, 2011

      Word!

      Reply
  2. Mike Cane4 November, 2011

    >>>S&S CEO Carolyn Reidy attributed this to the closing of Borders

    Which she and the other Big 5 can only blame themselves for since they wouldn’t work to keep Borders going.

    Reply
    1. fjtorres4 November, 2011

      Word! 😉

      Reply
  3. Rebecca Winkelmann7 November, 2011

    Nope ur not alone. I dont guess. Word!

    Reply
  4. […] most interesting is how ebook revenues held steady throughout the year.  I only have the first and third quarter estimates at hand, but those were reported as being 18% and 17% of revenue.  This is a huge […]

    Reply
  5. […] then they are still seeing a much larger increase than Bloomsbury.And Hatchette was not alone. Simon & Schuster, Penguin, and Wiley all reported great sales last fall. So what sets Bloomsbury apart, do you […]

    Reply

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