AAP Reports Publisher Revenues Flat Through September 2017

 

AAP Reports Publisher Revenues Flat Through September 2017 AAP The Association of American Publishers announced on Wednesday that publisher revenues dropped by half a percent in the first three quarters of 2017 compared to the previous year.

Trade revenues fell 1% due to declines in kids/YA (-3.5%) and religious press (-3.3%) categories. Hardback revenues rose a fraction of a percent, to $1.8 billion, while paperback and ebook revenues fell 3% and 5.5%, respectively.

Press Release

For the first three quarters of the year publishers’ revenues (sales to bookstores, wholesalers, direct to consumer, online retailers, etc.) were flat (-0.5%) compared to the same period in 2016. Trade books saw slightly declining revenues (-0.9%) for the year-to-date.

The book publishing industry’s largest category (31.1% of the market) Adult Books – was flat (+0.4%) for the year-to-date. Conversely, both Children’s and Young Adult Books (-3.5%) and Religious Presses (-3.3%) saw declines.

The categories with the most growth were those with small shares of the overall book publishing market -Professional Books (+6.2%) and University Presses (+4.6%).

Total Trade Net Revenue by Category for First Three Quarters of 2017 (in millions)*

Jan. - Sept. 2017Jan. - Sept. 2016Percent Change
Adult Fiction/Non-Fiction

$3,507.0

$3,491.8

+0.4%

Children’s/YA

$1,362.6

$1,412.5

-3.5%

Religious Presses

$313.3

$323.9

-3.3%

Total Trade

$5,183.0

$5,228.2

-0.9%

Trade Book Formats

Downloaded audio has been growing by double digits over the past three years, and the first three quarters of 2017 reflect continued growth, with publisher revenue up +26.2%. Notably, with revenues of $244.8 million for Jan. – Sept. 2017, downloaded audio is two months ahead in revenue that in was in 2016 (revenue for Jan. – Nov. 2016 was $244.1 million.)

Publisher revenues for eBooks generally decline, with publisher revenues down -5.5% for the first three quarters of 2017 vs 2016. One exception is Religious Presses, which has seen +9.5% growth in eBooks for the first nine months of 2017 compared to 2016, with revenues climbing from $25.9 million to $28.4 million.

Nine Month Total Trade Net Revenue by Format (in millions)

Jan. - Sept. 2017Jan. – Sept. 2016Percent Change
eBooks

$835.9

$884.8

-5.5%

Hardback

$1,799.7

$1,786.7

+0.7%

Paperback & Mass Market

$1,983.8

$2,045.6

-3.0%

Downloaded Audio

$244.8

$194.0

+26.2%

Other (physical audio, board book)

$563.6

$511.1

+10.3%

Education and Scholarly Publishing

The education sector saw mixed results, with +2.0% growth in Higher Education Course Materials and a 3.8% decline in PreK-12 Instructional Materials year-to-date.

Revenues for Professional Books increased by +6.2% and University Presses increased +4.6% in from Jan. – Sept. 2017 compared to the same time in 2016. Two items of note - revenue growth in medical books was up +14.8% year-to-date and University eBooks had a strong September contributing to a +3.0% year-to-date revenue growth.

About StatShot

Publisher net revenue is tracked monthly by the Association of American Publishers (AAP) and includes sales data from about 1,200 publishers. Figures represent publishers’ net revenue for the U.S. (i.e. what publishers sell to bookstores, direct to consumer, online venues, etc.), and are not retailer/consumer sales figures.

image  by ReneS

About Nate Hoffelder (10074 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:"I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

1 Trackbacks & Pingbacks

  1. Weekly Round-Up: February 9, 2018 - The Authors Guild

Leave a comment

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: