September 19, 2024 (press release) –
The Association of American Publishers (AAP) today released its StatShot report for June 2024 reflecting reported revenue for Trade (Consumer Books), Religious Presses, Higher Education Course Materials, and Professional Publishing.
Total revenues across all categories for June 2024 were up 6.2% as compared to June 2023, coming in at $1.1 billion. Year-to-date revenues were up 5.6%, at $6.3 billion for the first six months of the year.
Trade (Consumer Books) Revenues
June
Trade (Consumer Books) revenues were up 4.5% in June, coming in at $677.0 million.
In terms of physical paper format revenues during the month of June, in the Trade (Consumer Books) category, Hardback revenues were up 6.6%, coming in at $212.5 million; Paperbacks were up 0.3%, with $249.3 million in revenue; Mass Market was down 17.5% to $11.7 million; and Special Bindings were up 32.3%, with $15.5 million in revenue.
eBook revenues were up 5.4% for the month as compared to June 2023 for a total of $84.8 million, and the Digital Audio format was up 6.2% for June, coming in at $79.7 million in revenue. Physical Audio was down 20.3% coming in at $800 thousand.
Year-to-date
Year-to-date Trade revenues were up 5.0%, at $4.3 billion for the first six months of the year. Hardback revenues were up 4.3%, coming in at $1.5 billion; Paperbacks were up 3.9%, with $1.5 billion in revenue; Mass Market was down 15.6% to $62.1 million; and Special Bindings were up 5.0%, with $92.1 million in revenue.
eBook revenues were up 2.8% as compared to the first six months of 2023 for a total of $507.3 million. The Digital Audio format was up 19.7%, coming in at $503.4 million in revenue. Physical Audio was down 21.4% coming in at $4.5 million.
June
Religious press revenues were up 26.8% in June, coming in at $59.1 million. Hardback revenues were up 40.6% to $34.4 million in revenue, while Paperback revenues were up 18.9% to $12.4 million. eBook revenues were up 4.0% coming in at $4.1 million, and Digital Audio revenues were up 3.1% at $3.8 million.
Year-to-date
On a year-to-date basis, religious press revenues were up 15.6%, at $414.2 million. Hardback revenues were up 20.4% at $248.0 million in revenue, Paperback revenues were up 9.6% to $81.4 million, eBook revenues were up 3.2% at $27.8 million, and Digital Audio revenues were up 12.8% at $25.9 million.
Higher Education
During June 2024 revenues from Higher Education Course Materials were $154.8 million, down 2.9% compared with June 2023. Year-to-date Higher Education Course Materials revenues were $1.0 billion, up 8.0% compared to the first six months of 2023.
Professional Books
Professional Books, including business, medical, law, technical and scientific, were down 0.4% during the month, coming in at $43.3 million. Year-to-date Professional Books revenues were $229.2 million, down 1.1% as compared to the first six months of 2023.
AAP’s StatShot
AAP StatShot reports the monthly and yearly net revenue of publishing houses from U.S. sales to bookstores, wholesalers, direct to consumer, online retailers, and other channels. StatShot draws revenue data from approximately 1,280 publishers, although participation may fluctuate slightly from report to report.
StatShot reports are designed to give ongoing revenue snapshots across publishing sectors using the best data currently available. The reports reflect participants’ most recent reported revenue for current and previous periods, enabling readers to compare revenue on both a month-to-month and year-to-year basis within a given StatShot report.
Monthly and yearly StatShot reports may not align completely across reporting periods, because: a) The pool of StatShot participants may fluctuate from report to report; and b) Like any business, it is common accounting practice for publishing houses to update and restate their previously reported revenue data. If, for example, a business learns that its revenues were greater in a given year than its reports first indicated, it will restate the revenues in subsequent reports to AAP, permitting AAP in turn to report information that is more accurate than previously reported.
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