E-books in the US “resumed their growth” in 2014, with net revenue up 4.7% year-on-year to $1.58bn, according to data from the Association of American Publishers (AAP).
The AAP’s StatShot showed that overall aggregated net revenues for publishers were up 4.9% in 2014 to $15.7bn, compared to $15bn in 2013.
The statistics cover trade fiction and non-fiction, school instructional materials, higher education course materials, and publishing from university presses. Growth was driven primarily by children’s and young adult sales, which grew every month in 2014 and had double-digit growth in 11 of the 12 months of the year, and school instructional materials.
Within trade, revenues were up 3.8% over the prior year at $7.2bn, compared to $6.9bn in 2013. In the adult books category, which was down 1.4%, downloaded audio grew by 27.2% compared to the year before, and paperbacks grew by 2.3%. Hardback sales declined by 8.2%. Trade had a “good December, compared to December 2013”, with sales up 11.9%, with children’s and young adult books growing 22.5% in the month over December 2013, and adult books growing 8.9%.
Downloaded audio was the format that grew the most in 2014, with 28.7% growth over 2013.
The StatShot represents 1,209 publishers.