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Digital audiobooks see a 36.4% revenue growth so far this year
Audiobooks continue to grow while ebooks are on the decline in the United States / Photo by Aaron Burden, Unsplash
A new report from The Association of American Publishers shows a substantial growth of audiobook sales and a 5% decline in ebooks.
In the first seven months of 2018, publishers’ revenue for trade ebooks has decreased by 5%, compared to the same period of 2017.
Besides ebooks, a downward trend is seen in physical audiobooks (-19.9%) and board books (-3.5%), according to the report released by The Association of American Publishers.
After counting net revenue for seven months of 2018, the sales of digital audiobooks (in the table named “Downloaded Audio”) are skyrocketing – what was easy to predict. The increase in revenue over the seven corresponding months of 2017 is 36.4%, and the total net revenue is $253.1 million.
Ebooks continue to decline. With the 5% negative change, the total net revenue dropped to below $600 million.
If the upward audiobook and downward ebook trends continue, at the end of the year the total net revenue for audiobooks may cross 50% of the ebook revenue. After seven months it’s $253.1 million versus $588.8.
Reports released by The Association of American Publishers track net revenue for consumer books in the United States and are based on figures provided by over 1,100 publishers.
January – July 2018: total trade net revenue by format (in millions)
A report by The Association of American Publishers, September 2018
||January – July 2018
||January – July 2017
|Paperback & mass market
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About Piotr Kowalczyk
Ad-man who decided to devote his life to books. Founder of Ebook Friendly, ebook enthusiast, and self-published short story author. Prefers reading on his iPhone, but when it comes to history books – Piotr always picks print.
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Digital audiobooks see a 36.4% revenue growth so far this year https://ebookfriendly.com/ebook-audiobook-sales-united-states-so-far-2018/ via @ebookfriendly
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Instead of comments
The Ballad of Songbirds and Snakes
by Suzanne Collins
Part 1: The Mentor
Coriolanus released the fistful of cabbage into the pot of boiling water and swore that one day it would never pass his lips again. But this was not that day. He needed to eat a large bowl of the anemic stuff, and drink every drop of broth, to prevent his stomach from growling during the reaping ceremony. It was one of a long list of precautions he took to mask the fact that his family, despite residing in the penthouse of the Capitol’s most opulent apartment building, was as poor as district scum. That at eighteen, the heir to the once-great house of Snow had nothing to live on but his wits.
His shirt for the reaping was worrying him. He had an acceptable pair of dark dress pants bought on the black market last year, but the shirt was what people looked at. Fortunately, the Academy provided the uniforms it required for daily use. For today’s ceremony, however, students were instructed to be dressed fashionably but with the solemnity the occasion dictated. Tigris had said to trust her, and he did. Only his cousin’s cleverness with a needle had saved him so far. Still, he couldn’t expect miracles.
The shirt they’d dug from the back of the wardrobe—his father’s, from better days—was stained and yellowed with age, half the buttons missing, a cigarette burn on one cuff. Too damaged to sell in even the worst of times, and this was to be his reaping shirt? This morning he had gone to her room at daybreak, only to find both his cousin and the shirt missing. Not a good sign. Had Tigris given up on the old thing and braved the black market in some last-ditch effort to find him proper clothing? And what on earth would she possess worth trading for it? Only one thing—herself—and the house of Snow had not yet fallen that far. Or was it falling now as he salted the cabbage?
326 words read…
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Devices are not dangerous for literature. People can be dangerous for literature. People, for example, who do not read.
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Night lamp with Bluetooth speaker – perfect for audiobooks
A great gift for a book lover in your life – this beautiful night lamp offers warm, natural light with adjustable candle flicking effect. A built-in speaker can play audiobooks for even 8 hours.
Average rating: 4.9/5