Scribd Reaches 1 Million Subscribers

Scribd Reaches 1 Million Subscribers ebook sales Streaming eBooks

The only real competitor to Kindle Unlimited continues to thrive in Amazon's shadow. Scribd announced today that they now have one million subscribers paying for their limited ebook subscription service.

We’re excited to announce that Scribd has surpassed the one million subscriber milestone!

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“This is an exciting milestone for Scribd; one million subscribers is a tipping point for any subscription company and proves we have a reading service that people want, need, and love,” said Trip Adler, co-founder and CEO. “Scribd has been at the forefront of the digital reading evolution over the last decade, driving incremental revenue to the publishing industry while making the written word more accessible than ever before. As we celebrate this milestone, we’re grateful to our partners for trusting us with their content and believing in our mission to change the way the world reads.”

Scribd is dedicated to building a subscription model that strikes the right balance between delivering great value for readers and publishing partners while achieving long-term sustainability. We launched our unlimited subscription last year and have been delighted by the response: we’ve grown our subscriptions over 40% (YOY), and more people are listening to audiobooks than ever before (a +100% increase in audio users over the course of 2018).

Scribd promotes its service as being "unlimited", but that simply isn't true. As numerous users have reported, Scribd has imposed hard monthly usage caps. While those caps are frustrating for users, it was a necessary step in maintaining a balance between customers and suppliers so that the company could remain profitable and continue to operate.

 

Nate Hoffelder

View posts by Nate Hoffelder
Nate Hoffelder is the founder and editor of The Digital Reader. He has been blogging about indie authors since 2010 while learning new tech skills weekly. He fixes author sites, and shares what he learns on The Digital Reader's blog. In his spare time, he fosters dogs for A Forever Home, a local rescue group.

3 Comments

  1. burger flipper29 January, 2019

    Hell of a service. Love they have the Dover books and many books from various university presses. If I hadn’t amassed a lifetime backlog already I could subscribe to them and never have to look elsewhere.

    Surprised and pleased to hear they are making a go of it.

    Reply
  2. Mary31 January, 2019

    I have not encountered the “hard monthly usage caps,” which you refer to in your article. But then I suspect that those would only be applied to the people who really push the envelope just to see how much they can get. Back when they gave you a certain number of book and audible credits, it was said that those were imposed because of a lot of romance readers who were checking out more than a book a day. If everyone were to do this, the business would become unsustainable. As it is now, it works well for me, both for books and audible, but I do read books from other sources as well.

    Reply
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