Hachette Sees Revenue, Ebooks Grow in 2013

Full-year revenue in 2013 jumped 6% from the previous year at Hachette Book Group, according to its parent company Lagardère’s latest earnings announcement.

That’s partly thanks to a significant uptick in digital sales, which grew 33% last year and now comprise a third of the Hachette’s total sales, as opposed to just over a quarter in 2012.

Behind the year’s growth are the strong performance of general literature titles–a trend that continued into the fourth quarter–and Hachette’s acquisition of Hyperion in June of last year.

Strong sales in fiction in France and the U.K. as well as in Partworks, the company’s collectible magazine division, together contributed to a 1.9% growth in revenue at Hachette Livre, which includes Hachette Book Group in the U.S.

Despite these successes in its publishing business, Lagardère’s revenues (€7.216 billion in 2013) declined 1.3% from last year. The company will report full-year profit for 2013 next month.

7 thoughts on “Hachette Sees Revenue, Ebooks Grow in 2013

  1. Pingback: Publishing Opinions | Hachette Sees Revenue, Ebooks Grow in 2013

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  5. Ori Idan

    It is nice to see such reports, after we have seen other reports saying that growth has stopped…
    Hachette also reported previously their commitment to the EPUB3 format so I can infer from this that EPUB3 is also growing.

    Reply
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