e-book revenues fell 6.9% in February 2022

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U.S. e-book revenues have been steadily declining since the pandemic began to abate. In February 2022, this trend continued as the format declined over 6.9% and generated $91.5 million. The digital audiobook falls for the first time in more than 5 years, it fell 3.9% in February, for a turnover of 68.9 million dollars. Physical audio fell 3.8% to $1.2 million.

Year-to-date, e-book revenue was down 8.4% from the first two months of 2021, to a total of $172.9 million. Downloaded Audio grew 0.2% to $131.0 million in revenue. Physical audio fell 25.1% to $2.4 million.

Consumer book sales rose 9.5% in February to $705.2 million. In terms of physical paper revenue during the month of February, hardback revenue increased 8.5% to $247.3 million; Paperbacks grew 28.5%, with revenue of $241.5 million; Mass market fell 26.4% to $16.0 million; and specialty binders grew 21.2%, with revenues of $15.6 million. Year-to-date, consumer books are up 6.8% to $1.4 billion for the first two months of the year. Related revenues increased by 7.7%, reaching $508.8 million; Paperbacks grew 17.6%, with revenue of $492.1 million; Mass market fell 14.8% to $35.1 million; and specialty binders grew 4.5%, with revenues of $30.8 million.

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