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.
press release
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 | |
Adult Fiction/Non-Fiction | $4,621.0 | $4,491.3 | +2.9% |
Children’s/YA | $1,879.7 | $1,938.1 | -3.0% |
Religious Presses | $416.4 | $421.0 | -1.1% |
Total Trade | $6917.0 | $6,850.4 | +1.0% |
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 | |
Hardback | $2,636.3 | $2,551.2 | +3.3% |
Paperback & Mass Market | $2,502.7 | $2,563.2 | -1.7% |
eBooks | $1,012.7 | $1,072.1 | -5.5% |
Downloaded Audio | $309.6 | $239.0 | +29.5% |
Board Books | $133.4 | $126.9 | +5.1% |
Other (incl physical audio) | $304.3 | $297.9 | +2.1% |
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.
[…] US Ebook Sales Down 5% in 2017 (4 April 2018) The Digital Reader The 11 months from January to November 2017 were $1.012 billion, compared with $1.072 billion for the previous corresponding period. […]
[…] The Association of American Publishers released new revenue data for November. […]