Kobo charts first quarter revenue leap

Kobo charts first quarter revenue leap

Kobo has announced a rise in e-reader sales of 145% year-on-year in the first quarter of 2013, with the Kobo Aura HD accounting for more than 25% of devices sold at retail.

The company also declared double-digital year-on-year growth across device and content sales in the first quarter, resulting in a 98% revenue growth.

No actual sales figures were released. However Kobo did say it grew its user base by 2.5m readers, bringing its total registered users to 14.5m, with 15% of its new user base coming from the US.

Top-selling e-books in the UK were, in descending order, Gillian Flynn's Gone Girl (Phoenix), Karin Slaughter's The Unremarkable Heart (Cornerstone Digital), Bill Benners' My Sister's Keeper (McBryde), James Patterson's Bloody Valentine (Cornerstone Digital) and Katia Lief's One Cold Night (Blue Table Books).

Kobo said sales of titles self-published via Kobo Writing Life, of which there are 100,000 currently available, now make up 10% of Kobo's revenue, with independent authors also comprising 10% of the top 50 bestseller list.