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E-Book Revenues Decreased In October

forbes.com – Monday January 27, 2020

E-books have been on a multi-year decline for publishers. According to data collected by the Association of American Publishers, this trend held true in October, the most recent month with data available. Net trade e-book revenues for participating publishers decreased 8.9% that month when compared to October of 2018.

Downloaded audio, on the other hand, continues to see rapid growth. In October, net revenues in the category increased 15.1% over October of 2018. Regular double-digit increases have begun to inch the format closer to revenues on par with the ever-declining e-book category. While trade e-books remain 8.5% of publisher revenues, downloaded audio now sits at 5.3% (hardback books are 49% of net revenues, and paperbacks are 27%).

To read the full article on forbes.com, click here

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