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Association of American Publishers reports publishing industry revenue up 10.3% to US$1.1B in November 2024; total year-to-date revenue rises 7.3% to US$13.3B through first 11 months

January 23, 2025 (press release) –

Trade (Consumer Book) Revenues Up 7.9% for Month of November, and Up 7.0% Year-to-Date

The Association of American Publishers (AAP) today released its StatShot report for November 2024 reflecting reported revenue for Trade (Consumer Books), Religious Presses, Higher Education Course Materials, and Professional Publishing.

Total revenues across all categories for November 2024 were up 10.3% as compared to November 2023, coming in at $1.1 billion. Year-to-date revenues were up 7.3%, at $13.3 billion for the first eleven months of the year.

Trade (Consumer Books) Revenues

November

Trade (Consumer Books) revenues were up 7.9% in November at $919.8 million. In terms of physical paper format revenues during the month of November, in the Trade (Consumer Books) category, Hardback revenues were up 6.9%, coming in at $384.9 million; Paperbacks were up 7.7%, with $286.6 million in revenue; Mass Market was up 17.5% to $11.6 million; and Special Bindings were up 8.3%, with $25.2 million in revenue.

eBook revenues were up 2.7% for the month as compared to November 2023 for a total of $83.3 million, and the Digital Audio format was up 16.1% for November, coming in at $94.3 million in revenue. Physical Audio was down 29.1%, coming in at $800 thousand.

Year-to-date

Year-to-date Trade revenues were up 7.0% at $8.8 billion for the first eleven months of the year. Hardback revenues were up 7.4%, coming in at $3.3 billion; Paperbacks were up 4.2%, with $3.0 billion in revenue; Mass Market was down 13.7% to $112.7 million; and Special Bindings were up 4.7%, with $212.7 million in revenue.

eBook revenues were up 2.9% as compared to the first eleven months of 2023 for a total of $945.1 million. The Digital Audio format was up 25.0%, coming in at $977.5 million in revenue. Physical Audio was down 35.5%, coming in at $8.2 million.

November 2024

Religious press revenues were up 24.6% in November, coming in at $101.9 million. Hardback revenues were up 23.9% to $66.0 million in revenue, while Paperback revenues were up 23.1% to $15.5 million. eBook revenues were down 6.9%, coming in at $4.3 million, and Digital Audio revenues were up 5.4% at $4.9 million.

Year-to-date

On a year-to-date basis, religious press revenues were up 19.2%, at $841.1 million. Hardback revenues were up 24.6% at $520.1 million in revenue, Paperback revenues were up 11.4% to $157.5 million, eBook revenues were up 0.6% at $48.1 million, and Digital Audio revenues were up 14.8% at $47.6 million.

Higher Education

During November 2024 revenues from Higher Education Course Materials were $125.8 million, up 39.9% compared with November 2023. Year-to-date Higher Education Course Materials revenues were $2.4 billion, up 7.2% compared to the first eleven months of 2023.

Professional Books

Professional Books, including business, medical, law, technical and scientific, were up 5.5% during the month, coming in at $37.1 million. Year-to-date Professional Books revenues were $422.8 million, up 0.1% as compared to the first eleven 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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