KDP Authors Earned Over $300 Million in 2019, Amazon Says

In 2019, authors earned more than $300 million from the Kindle Direct Publishing (KDP) Select Global Fund, totaling more than $1.1 billion since the launch of Kindle Unlimited, according to Jim Milliot from Publishers Weekly…

Since Kindle Unlimited launched, Amazon said, KDP authors have earned more than $1.1 billion through the program, and more than 1,000 had royalties of $100,000 through KDP in 2019.

No other bookselling or publishing figures were released by the company, which reported total revenue of $280.5 billion last year, up 20% over 2018. Net income rose 15%, to $11.6 billion.

As part of its financial release, CEO Jeff Bezos was quoted as saying Amazon now has more than 150 million paid Prime members worldwide. In another area that analysts watch closely—the business conducted by third-party sellers—Amazon said the group “sold more than a billion items during the holiday season.”

In its release, Amazon did not break out full-year results by operating segment, preferring to deliver the report by quarters. In the fourth quarter, sales of third-party sellers jumped 30% over the fourth quarter of 2018. Sales through its online stores in the fourth quarter increased 15%, but sales through physical stores fell 1%. The physical store segment is largely comprised of Whole Foods, but includes Amazon Books and Amazon 4-star stores.

Read full post on Publishers Weekly

Comments are closed.

Apart from its participation in the Associates Program, Windwalker Media, Kindle Nation Daily and its subdomains are not affiliated with Amazon or Kindle in any other way. Amazon, Kindle and the Amazon and Kindle logos are trademarks of Amazon.com, Inc. or its affiliates. Certain content that appears on this website is provided by Amazon Services LLC. This content is provided "as is" and is subject to change or removal at any time. Windwalker Media, Kindle Nation Daily and its subdomains are published independently by Stephen Windwalker and Windwalker Media and is not endorsed by Amazon.com, Inc. Some third-party vendors such Google use cookies to serve ads based on a user's prior visits to this and other websites. Such advertising cookies may enable such third-party vendors to serve ads to our readers. Users may opt out of personalized advertising by visiting http://optout.aboutads.info.

Share via
Copy link
Powered by Social Snap