Book Publishers Begin 2017 with 4.9% Revenue Growth
By: Robert Diamond
Revenues for book publishers were $2.33 billion for the first quarter of
2017, a $108 million (4.9%) increase over the first quarter of 2016,
according to the StatShot report from Association of American Publishers
(AAP). Much of the growth is attributed to increased revenue in the two
of the largest categories - Adult books and higher education course
materials.
StatShot tracks publisher revenue for about 1,200 publishers of trade (fiction/non-fiction/religious), PreK-12 instructional materials, higher education course materials, university presses and professional books.
Trade Books
In the first quarter, trade books grew by about $13 million (0.9%) compared to the first quarter of 2016. Growth was consistent in January, February and March for Adult books as were the declines in Childrens/Young Adult and Religious Presses.
|
Total Trade Net Revenue by Category (in millions)* |
|||||||||
| Jan. - March 2016 | Jan. - March 2017 | Percent Change | |||||||
| Adult Fiction/Non-Fiction | $971.2 | $1,004.3 | +3.4% | ||||||
| Children's/YA | $377.7 | $365.5 | -3.2% | ||||||
| Religious Presses | $115.6 | $107.1 | -7.4% | ||||||
| Total Trade | $1.464.5 | $1.477.0 | 0.9% | ||||||
SOURCE: BUSINESS WIRE. ©2017 Business Wire