Yesterday, Simon & Schuster’s parent company CBS announced that while the publisher made less money last quarter than the one before, ebook sales accounted for a greater percentage:
Publishing revenues for the second quarter of 2011 decreased 3% to $183 million from $189 million for the same prior-year period, as strong growth in the sale of more profitable digital content was offset by lower print book sales. Digital content revenues for the second quarter of 2011 more than doubled last year’s second quarter digital sales and represented 15% of Publishing’s total revenues.
This is in line with what Pearson reported about Penguin’s revenue for the first half of 2011 last week: “eBook sales grew 128% and now represent 14% of Penguin revenues worldwide.”
(Photo: Xelcise)
