Author Topic: Shutterstock Q2 Profit Rises (Read 28972 times)

Petr Toman · « **on:** August 08, 2013, 02:30 »

http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-newsArticle&ID=1845768&highlight=

- Revenue for the second quarter was $56.8 million, a 40% increase from the second quarter of 2012.
- Net income for the second quarter of 2013 increased 13% to $6.9 million as compared to $6.1 million in the second quarter of 2012.
- Cash : The Company's cash balance was $112.8 million as of June 30, 2013 as compared to $102.1 million as of December 31, 2012.

Financial Outlook

The Company's current financial and operating expectations for the third quarter of 2013 and full year 2013 are as follows:

Third Quarter 2013

Revenue of $56 - $57 million
Adjusted EBITDA of $11.0 - $12.0 million
Non-cash equity-based compensation expense of approximately $2 million
An effective tax rate of approximately 40%

Full Year 2013
We are increasing our expectations for revenue to $227 - $229 million
We are increasing our expectations for adjusted EBITDA to $48 - $50 million
Non-cash equity-based compensation expense of approximately $8 million
An effective tax rate of approximately 40%
Capital expenditures related to network servers and technology of approximately $5 million
Capital expenditures for non-recurring leasehold improvements related to headquarters office relocation of approximately $10 million

Veneratio · « **Reply #1 on:** August 08, 2013, 02:44 »

Personal EBITDA $0.38 per download

Kinda puts it into perspective

Ploink · « **Reply #2 on:** August 08, 2013, 03:05 »

Quote from: Veneratio on August 08, 2013, 02:44

Personal EBITDA $0.38 per download

Kinda puts it into perspective

It's more like $0.75 for me, but that doesn't change the perspective much

luissantos84 · « **Reply #3 on:** August 08, 2013, 03:25 »

SS, what else?

Tror · « **Reply #4 on:** August 08, 2013, 04:34 »

At first, congrats Shutterstock to the Profit raise of 13%.
Second, please consider to let your contributors participate in the success and raise the commissions. Not only you deserve it, it is our success too.

Ron · « **Reply #5 on:** August 08, 2013, 05:03 »

Quote from: Tror on August 08, 2013, 04:34

At first, congrats Shutterstock to the Profit raise of 13%.
Second, please consider to let your contributors participate in the success and raise the commissions. Not only you deserve it, it is our success too.

You will get butchered here for asking for a raise. They will call you a hater; 'If you want a raise, produce better images'. And, 'you got a raise already, the SODs are your raise'. The SS fan boys will whiplash you for even thinking about a raise.

PS: I dont think you want them to raise the commissions

Edit: Only ~~two~~ three votes down, I can guess who, but I thought there were a few more fan boys.
Edit2:Come on you can do better than that !

BK · « **Reply #6 on:** August 08, 2013, 07:23 »

So I guess they survived the loss of Yuri?

luissantos84 · « **Reply #7 on:** August 08, 2013, 08:39 »

Quote from: BK on August 08, 2013, 07:23

So I guess they survived the loss of Yuri?

LOL

Yuri must have an explanation, looking at the speed of removing his portfolio from agencies I would say that SS will suffer loses in 2023

p.s: minus up yours LOVE

tab62 · « **Reply #8 on:** August 08, 2013, 08:59 »

Their profits surly didn't go up do my sales lol!

tickstock · « **Reply #9 on:** August 08, 2013, 09:11 »

luissantos84 · « **Reply #10 on:** August 08, 2013, 09:12 »

Quote from: tab62 on August 08, 2013, 08:59

Their profits surly didn't go up do my sales lol!

Yuri downloads stopped on May 18th (80 days ago), that said SS downloads increased 1.9 M (comparing to the 1st quarter), its sitting now on 270k downloads per day, Yuri had 4k of those, how can that change anything?

stockastic · « **Reply #11 on:** August 08, 2013, 09:13 »

Quote from: Ron on August 08, 2013, 05:03

You will get butchered here for asking for a raise. They will call you a hater; 'If you want a raise, produce better images'. And, 'you got a raise already, the SODs are your raise'. The SS fan boys will whiplash you for even thinking about a raise.

In fact it's more likely to head the other direction - commission cuts. As a recent IPO, they need to move their stock price up to satisfy first-round investors wanting to cash out, and the quickest way to do that is commission cuts. And as their market share continues to increase, they know photographers are even less likely to remove their images in response to cuts, because other sites are declining.

Ron · « **Reply #12 on:** August 08, 2013, 09:23 »

Just to avoid confusion, we get paid royalties, the agency takes a commission. If the commissions are raised we get less money, if the commissions are cut, we get more money.

http://en.wikipedia.org/wiki/Commission_%28remuneration%29
http://en.wikipedia.org/wiki/Royalties

BK · « **Reply #13 on:** August 08, 2013, 10:02 »

It would be nice, but we'll never get a raise. You don't see Walmart or any other company saying "Hey, we made a big profit let's pay our suppliers more money." I doubt many photographers offer to pay their models more because they sell more photos. And make no mistake we are just considered suppliers.

But, if they keep growing revenue 40% yoy, I doubt we'll see a cut either. If revenue growth slows, look out.

If you want to benefit from sstk success, buy the stock.

modviz · « **Reply #14 on:** August 08, 2013, 10:18 »

And it's all because of me.

Ron · « **Reply #15 on:** August 08, 2013, 11:13 »

Quote from: BK on August 08, 2013, 10:02

It would be nice, but we'll never get a raise. You don't see Walmart or any other company saying "Hey, we made a big profit let's pay our suppliers more money." I doubt many photographers offer to pay their models more because they sell more photos. And make no mistake we are just considered suppliers.

But, if they keep growing revenue 40% yoy, I doubt we'll see a cut either. If revenue growth slows, look out.

If you want to benefit from sstk success, buy the stock.

Suppliers to wallmart dont work on royalty bases. Its a weird comparison.

tickstock · « **Reply #16 on:** August 08, 2013, 11:38 »

Ron · « **Reply #17 on:** August 08, 2013, 11:46 »

Isnt that a fallacy, no one said I was wrong, so I must be right - Argument from ignorance?

http://en.wikipedia.org/wiki/Argument_from_ignorance

tickstock · « **Reply #18 on:** August 08, 2013, 11:48 »

Ron · « **Reply #19 on:** August 08, 2013, 11:50 »

I dont know if you are missing something. Give people some time to respond. I know you love to bash SS, but its a bit early still.

tickstock · « **Reply #20 on:** August 08, 2013, 11:52 »

WarrenPrice · « **Reply #21 on:** August 08, 2013, 11:53 »

Quote from: tickstock on August 08, 2013, 11:52

Quote from: Ron on August 08, 2013, 11:50
I dont know if you are missing something. Give people some time to respond. I know you love to bash SS, but its a bit early still.
If you think dividing royalties paid by revenue and coming up with a number is bashing Shutterstock then you are a bit sensitive. It's just math.

Why do you even care? Are you planning to leave iS?

cthoman · « **Reply #22 on:** August 08, 2013, 11:54 »

Quote from: tickstock on August 08, 2013, 11:38

So I guess since no one corrected me earlier, Shutterstock is paying out an average of 14.2% in royalties. That sounds like the lowest around AFAIK and wasn't it just a couple months ago Jon Oringer was saying they payout 30%?

I think the $110 one is the payout not the $7 one. Both of them say they are in thousands not millions. That still seems a bit low (20%). I'm not sure though.

tickstock · « **Reply #23 on:** August 08, 2013, 11:54 »

cthoman · « **Reply #24 on:** August 08, 2013, 12:00 »

Quote from: cthoman on August 08, 2013, 11:54

Quote from: tickstock on August 08, 2013, 11:38
So I guess since no one corrected me earlier, Shutterstock is paying out an average of 14.2% in royalties. That sounds like the lowest around AFAIK and wasn't it just a couple months ago Jon Oringer was saying they payout 30%?

I think the $110 one is the payout not the $7 one. Both of them say they are in thousands not millions. That still seems a bit low (20%). I'm not sure though.

Hmm... this may not be right either. It looks like the cost of revenue at the bottom is more (21 million). I don't think all of that goes to contributors, but the majority of that does. These tea leaves are too hard to read.

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Author Topic: Shutterstock Q2 Profit Rises (Read 28972 times)

Petr Toman

Veneratio

Ploink

luissantos84

Tror

Ron

BK

luissantos84

tab62

tickstock

luissantos84

stockastic

Ron

BK

modviz

Ron

tickstock

Ron

tickstock

Ron

tickstock

WarrenPrice

cthoman

tickstock

cthoman

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