Scribd Appears to be Successfully Growing

by Rachel Baker on June 11, 2014

Though the CEO has yet to say whether or not the company is cash-positive, it appears the company is adding titles and making a profit every month. Great job, Scribd.

Now, all you need is a Windows 8 app.

The catalog for Scribd’s $8.99-per-month ebook subscription service has now hit 400,000 titles, founder and CEO Trip Adler told Digital Book World this week. Further, Adler claimed that for some suppliers of ebooks, Scribd was now the fourth largest revenue source.

“We’re definitely ahead of Oyster” as a revenue source among some suppliers, said Adler. Earlier in May, Oyster, which costs readers $9.95-per-month and has 500,000 titles in its ebook catalog, claimed it was the fifth largest retailer for some of its suppliers.

Adler pointed to a recent post by Smashwords founder and CEO Mark Coker on his company’s blog touting the success of Scribd:

Read the article here:
Scribd Now Has 400,000 Ebooks, ‘Ahead of Oyster’ in Publisher Revenue, CEO Says

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