The Association of American Publishers reported on Wednesday that publisher revenues fell 5.5% in the month of November while staying up for the year.
Revenues from the YA segment were up 3% through November, while adult and religious press revenues were down. In terms of format, hardback sales were up, while ebook and paperback sales.
Publishers saw decreased revenue (-5.4%) in November 2017 vs. November 2016, but year-to-date revenue remains up (+1.1%) compared to Jan. - Nov. 2016 in all tracked categories. Tracked categories include: Trade - fiction/non-fiction/religious, PreK-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses. The year-to-date growth is primarily attributed to gains in the two largest categories: Adult Books, up $129.7 million (+2.9%) and Higher Education Course Materials, up $114.3 million (+3.8%).
Publisher revenue for trade books was down for November by -4.0%, with declines in Adult, Childrens/YA and Religious Presses. Year-to-date, trade revenue is up by +1.0%, or $66.7 million.
Total Trade Net Revenue by Category for Jan. – Nov. 2017 (in millions)*
|Jan. - Nov. 2017||Jan. - Nov. 2016||Percent Change|
Trade Book Formats
In November, downloaded audio (+44.8%) and board books (+1.5%) were the only categories to see increased revenue. However, during the Jan. – Nov. 2017 timeframe, publishers saw increased revenue for hardback books, downloaded audio and board books. Publisher revenue for eBooks continued to decline in all categories except one – religious presses, where eBooks are up +6.4% in November and +9.9% year-to-date.
Eleven Month Total Trade Net Revenue by Format (in millions)*
|Jan. – Nov. 2017||Jan. – Nov. 2016||Percent Change|
|Paperback & Mass Market|
|Other (incl physical audio)|
Education and Scholarly Publishing
The education sector saw mixed results, with +3.8% revenue growth in Higher Education Course Materials and a -3.1% decline in PreK-12 Instructional Materials from Jan. – Nov. 2017.
Revenue for Professional Books increased by +14.8% for Nov. 2017 compared to Nov. 2016 and are up +10.5% year to date. University Press revenue declined -0.8% in November, but are up +4.8% year-to-date.