walkitout (walkitout) wrote,
walkitout
walkitout

Hachette e-book revenue numbers h/t/ The Digital Reader

http://www.lagardere.com/press-room/press-releases/press-releases-363.html&idpress=5122

Lagardere owns Hachette. Hachette is one of the "Big 6" publishers. Stephanie Meyers was a big contributor to their bottom line in recent years.

Here is the bit I am drawing attention to:

"E-book sales momentum was considerable (up 88% compared to Q1 2010), accounting for approximately 22% of revenue in the United States and 5% in the United Kingdom. This development is the result of very brisk sales of e-book readers at the end of the year."

(h/t means a tip of the hat to the blogger Nate Hoffelder at The Digital Reader, which is where I found out about this)

This is completely irrelevant, but I get always get a chuckle out of sentences like this:

"The decline in recurring EBIT before contribution from associates at Lagardère Publishing, which was mitigated by improved e-book profitability, is being offset by the pick-up experienced by Lagardère Active and Lagardère Unlimited." Once you get past the jargon and the somewhat awkward construction, and assuming you know enough about conglomerates to understand why this is important, and enough about this conglomerate to have an reasonable opinion about what this means for Lagardere's health, it's a useful piece of information (altho honestly, I'm never sure if I trust this kind of summary; I'd rather see the numbers). But it makes me laugh anyway, possibly because it's so wildly improbable that I even know what it means.
Tags: publishing
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