New figures from the 1,209 publishers participating in the AAP's monthly Snapshot program showed that revenues decline across the board in the first five months of 2015, and also declined in most trade categories.
Overall publisher book sales were down 5.8% for January through May (to $4.0 billion) compared to $4.3 billion for the same period last year. Trade book sales also declined 3.4% (to $2.56 billion, from $2.65 billion) over the 5 month period.
In terms of formats, downloadable audiobooks kept the title as the astest-growing format, with 38.0% growth through May. Paperbacks also continued their good performance this year with 8.4% growth, but both hardback books and ebooks were down year-to-date (11.6% and 10.2%, respectively).
Compared to Jan-April figures released last month, the decline has only gotten steeper, suggesting that the May results had dragged down the revenue figures of the previous four months.
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