According to the AAP, the 1,218 publishers who contributed revenue data to the AAP in January 2014 saw a 10% bump in revenue over last year ( from $500 million to $550 million).
The adult segment was up 2.8% (to $362 million from $352 million). The YA/kids segment saw impressive growth of 43.7% (to $144 million from $100 million), but the religious presses saw a drop in revenue of about 7.4%.
I of course have embedded the full charts below, and the news is generally good. Both the adult and kids segments showed increases in most categories, with the exception of adult paperback books. This comes as no surprise given the general decline of paperback sales as they are being replaced by ebooks.
Speaking of ebooks, ebook sales across the 3 segments grew slightly faster than the market average in January, and were up 12.8% (to $142 million from $125 million). I would like to crow about this being great news but in all honesty it only slightly beat the market rate, making this more of a fluctuation than actual growth.
Still, I’m going to wait until next month before popping the champagne.