British published Bloomsbury saw eBook sales rise 89 percent to approximately $7.26 million from March through August of 2012 over comparable sales in 2011, the company said in an earnings report published today.
The company’s overall revenue for the period was approximately $70 million, up two percent from 2011. However, profits fell 37 percent compared to the same period last year.
During the third quarter, the publisher acquired two academic publishers — Fairchild Books which they bought for $6.1 million and Applied Visual Arts Publishing which they bought for approximately $2.8 million. The company reported that its academic division now represents 28 percent of its continuing sales, which is up from 20 percent last year.