Audio Publishers Association: Nearly $1 Billion in 2018 Audiobook Sales

In its annual audiobook sales survey for 2018 released today (July 16). the US-based Audio Publishers Association has announced that audiobook revenue in 2018 grew by 24.5 percent and totaled US$940 million. These figures represent a 27.3-percent increase in unit sales.

Long cheered by the US publishing industry as the most dependably growing sector of its formats, downloadable audio has-as the APA's leading survey graphic trumpets-produced seven years of double-digit revenue growth.

What's more, if you've been holding out for CDs and cassette tapes, it's time to give up and get onto the grid: 91.4 percent of audiobook revenue in 2018 is reported to be coming from digital usage.