Digital 21% of Revenues at Simon & Schuster in Third Quarter

Sales were down 5% at Simon & Schuster in the third quarter of 2012 but digital sales were up 20% and comprised 21% of overall sales for the quarter.

From the official earnings release:

Publishing (Simon & Schuster)
Publishing revenues for the third quarter of 2012 decreased 5% to $210 million from $220 million for the same prior-year period as strong growth in digital book sales was more than offset by lower print book sales. Digital sales increased 20% from the same prior-year period and represented approximately 21% of total Publishing revenues for the third quarter of 2012. Best-selling titles in the third quarter included Total Recall by Arnold Schwarzenegger and Black List by Brad Thor.

Publishing OIBDA for the third quarter of 2012 increased $1 million to $39 million from the same prior-year period principally driven by growth in more profitable digital book sales.

 

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