Bloomsbury Publishing reported $147.5 million (£90.7m) in revenue for 2010 up from $141.8 million (£87.2m) in 2009.
The company attributed the growth to bestsellers such as Eat, Pray, Love by Elizabeth Gilbert, as well as to eBook sales. In 2010, Bloomsbury’s Bristol Classical Press imprint (which added Duckworth Academic through acquisition in November 2010), saw eBook sales grow eighteen fold in 2010 over 2009 from $131,000 to $2.3 million.
Nigel Newton, Chief Executive at Bloomsbury commented: “With sales of digital devices such as the Kindle, Nook and iPad growing rapidly, 2011 will clearly be the year of the e-book. Our overall trade e-book sales are currently running at just under 10% of print sales, a proportion we expect to increase as more backlist titles are added and as the UK market gains the kind of momentum being seen in the US…On 1 March 2011, we will be implementing a new strategic plan for One Global Bloomsbury with Four Worldwide Publishing Divisions.”