Downloaded audio remains the format with the highest percent revenue growth in all of publishing with a 36.1% in January 2019. Meanwhile ebooks continue to decline from prior years, down 4.9% from the same period in 2018.
The Association of American Publishers has just proclaimed that in January 2019, publisher revenue for trade books was $543.8 million, down 3.2% from January 2018. Among the three trade book categories, increased revenue for Religious Presses (8.1%) and Children’s/Young Adult (4.3%) in January 2019, partially offset a decline in Adult Books (-7.3%) for the same period in 2018. Revenue for trade books includes sales to bookstores, wholesalers, direct to consumer, online retailers, etc.
Overall participating publisher revenue was $1.06 billion in January 2019, down from $1.11 billion in 2018 (-3.8%) for all tracked categories (Trade, PreK-12 Instructional Materials, Higher Education Course Materials, Professional Publishing and University Presses).
Michael Kozlowski has been writing about audiobooks and e-readers for the past twelve years. His articles have been picked up by major and local news sources and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times. He Lives in Vancouver, British Columbia, Canada.