Association of American Publishers (AAP) Releases November 2022 StatShot Report: Overall Publishing Industry Down 6.0% Year-To-Date, and 14.4% for Month of November; Trade (Consumer Book) Revenues Down 13.7% for Month of November, and 6.1% Year-to-Date
The Association of American Publishers (AAP) today released its StatShot report for November 2022 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. The report does not include PreK-12 revenue due to delays in data collection.
Total revenues across all categories, excluding PreK-12, for November 2022 were down 14.4% as compared to November 2021, coming in at $1.0 billion. Year-to-date revenues were down 6.0%, at $11.6 billion for the first eleven months of the year.
Trade (Consumer Books) Revenues
Trade (Consumer Books) sales were down 13.7% in November, coming in at $863.4 million.
In terms of physical paper format revenues during the month of November, in the Trade (Consumer Books) category, Hardback revenues were down 22.4%, coming in at $355.2 million; Paperbacks were down 5.4%, with $274.2 million in revenue; Mass Market was down 14.9% to $19.5 million; and Special Bindings was down 15.9%, with $20.0 million in revenue.
eBook revenues were down 10.4% for the month as compared to November 2021 for a total of $83.1 million. The Downloaded Audio format was up 5.6% for November, coming in at $73.9 million in revenue. Physical Audio was down 33.7% coming in at $1.7 million.
Year-to-date Trade revenues were down 6.1%, at $8.4 billion for the first eleven months of the year. Hardback revenues were down 14.1%, coming in at $3.0 billion; Paperbacks were up 1.3%, with $3.0 billion in revenue; Mass Market was down 23.8% to $170.9 million; and Special Bindings were down 4.3%, with $185.7 million in revenue.
eBook revenues were down 6.3% as compared to the first eleven months of 2021 for a total of $928.0 million. The Downloaded Audio format was up 7.2%, coming in at $767.0 million in revenue. Physical Audio was down 30.5% coming in at $14.5 million.
Religious press revenues were down 6.5% in November, coming in at $71.0 million. Hardback revenues were down 3.7% to $46.5 million in revenue, Paperback revenues were down 14.4% to $10.2 million, eBook revenues were down 32.2% coming in at $4.5 million, and Downloaded Audio revenues were down 6.4% at $3.9 million.
On a year-to-date basis, religious press revenues were down 6.2%, reaching $697.3 million. Hardback revenues were down 6.9% at $416.8 million in revenue, Paperback revenues were down 8.6% to $115.6 million, eBook revenues were down 12.6% at $51.3 million, and Downloaded Audio revenues were up 4.9% at $38.9 million.
During November 2022 revenues from Higher Education Course Materials were $117.8 million, down 19.2% compared with November 2021. Year-to-date Higher Education Course Materials revenues were $2.8 billion, down 6.0% compared to the first eleven months of 2021.
Professional Books, including business, medical, law, technical and scientific, were down 7.4% during the month, coming in at $37.3 million. Year-to-date Professional Books revenues were $404.4 million, down 3.9% as compared to the first eleven months of 2021.
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 1,368 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.
About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.