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Author Topic: SSTK First Quarter 2018 report  (Read 6353 times)

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Uncle Pete

  • Great Place by a Great Lake - My Home Port
« on: April 26, 2018, 07:09 »
0
https://finance.yahoo.com/news/shutterstock-reports-first-quarter-2018-110200026.html

First Quarter 2018 highlights as compared to First Quarter 2017:

Key Operating Metrics.

    Paid downloads increased 0.5% to 43.7 million.
    Revenue per download increased 16.8% to $3.40.
    Image collection expanded 41.6% to 187 million images.
    Video collection expanded 45.1% to 10 million clips.

Earlier News - holdings and ratings.
https://www.dispatchtribunal.com/2018/04/22/metropolitan-life-insurance-co-ny-cuts-stake-in-shutterstock-sstk.html

Feb. 22nd 2018 -
"Shutterstock also saw its key operating metrics continue to climb. The number of paid downloads rose 4% to 43.9 million, accelerating from their pace of growth last quarter. Revenue per download climbed 11% to $3.33, continuing a nice double-digit percentage run higher. The company now sports more than 170 million images and 9.1 million videos in its collection, sustaining growth rates near 50% for both metrics."

Looked this morning, the stock was at $50 a share which I still think is high, at least 20% over what it should be.


« Reply #1 on: April 26, 2018, 07:54 »
+8
https://finance.yahoo.com/news/shutterstock-reports-first-quarter-2018-110200026.html

First Quarter 2018 highlights as compared to First Quarter 2017:

Key Operating Metrics.

    Paid downloads increased 0.5% to 43.7 million.
    Revenue per download increased 16.8% to $3.40.
    Image collection expanded 41.6% to 187 million images.
    Video collection expanded 45.1% to 10 million clips.

Earlier News - holdings and ratings.
https://www.dispatchtribunal.com/2018/04/22/metropolitan-life-insurance-co-ny-cuts-stake-in-shutterstock-sstk.html

Feb. 22nd 2018 -
"Shutterstock also saw its key operating metrics continue to climb. The number of paid downloads rose 4% to 43.9 million, accelerating from their pace of growth last quarter. Revenue per download climbed 11% to $3.33, continuing a nice double-digit percentage run higher. The company now sports more than 170 million images and 9.1 million videos in its collection, sustaining growth rates near 50% for both metrics."

Looked this morning, the stock was at $50 a share which I still think is high, at least 20% over what it should be.

paid download increased 0,5% total images increased 43%...totally useless complain why earning are not increase or fall down....is normal in this condition, they are spreading the same  cake towards millions more file, and controlling sales to makes everybody eat a small part of the cake, i'm still surprised a lot of people keeps uploading like crazy, but i understand if you live in ukraine or russia you can be happy today with 5 600 dollar, so that's why most of new files come from that part of the world.

by the way they slightly matched the general expectations of the market, a bunch of millions......for those who say 38 cent vs 25 cents royalty cannot be a reason to cap earning...it's a big reason.

« Reply #2 on: April 26, 2018, 07:57 »
+2
https://finance.yahoo.com/news/shutterstock-reports-first-quarter-2018-110200026.html

First Quarter 2018 highlights as compared to First Quarter 2017:

Key Operating Metrics.

    Paid downloads increased 0.5% to 43.7 million.
    Revenue per download increased 16.8% to $3.40.
    Image collection expanded 41.6% to 187 million images.
    Video collection expanded 45.1% to 10 million clips.

Earlier News - holdings and ratings.
https://www.dispatchtribunal.com/2018/04/22/metropolitan-life-insurance-co-ny-cuts-stake-in-shutterstock-sstk.html

Feb. 22nd 2018 -
"Shutterstock also saw its key operating metrics continue to climb. The number of paid downloads rose 4% to 43.9 million, accelerating from their pace of growth last quarter. Revenue per download climbed 11% to $3.33, continuing a nice double-digit percentage run higher. The company now sports more than 170 million images and 9.1 million videos in its collection, sustaining growth rates near 50% for both metrics."

Looked this morning, the stock was at $50 a share which I still think is high, at least 20% over what it should be.

they put a lot of emphasis on the millions of files they have...but they don't tell that most are crap and practically nothing new added to the collection is selling. maybe market is not punishing but i see they are slowing growth and soon they will not growth at all.

PaulieWalnuts

  • On the Wrong Side of the Business
« Reply #3 on: April 26, 2018, 07:57 »
+5
So from your key operating metrics I'm seeing that the collection increased 50% (way more competition) while the paid downloads remained flat (buyers not buying more or lack of new buyer growth).

GraniteCove

« Reply #4 on: April 26, 2018, 07:59 »
+6
Yep, noticed that too. Half a point this year, negative integers next year with another doubling of the assets. Unsustainable.

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #5 on: April 26, 2018, 08:26 »
+3
So from your key operating metrics I'm seeing that the collection increased 50% (way more competition) while the paid downloads remained flat (buyers not buying more or lack of new buyer growth).

That covers it. I'm thinking the market has reached it's natural capacity for download demand. A download cap...  :)

I've never thought that the new lower standards or millions of useless images, bad keywords, excessive duplicate or similar images, are anything to brag about. Apparently the investors are still sold on this smoke and mirror trick, that income growth in the future is somehow connected to adding millions of useless images which pollute and dilute the collection.

That's the game and all we can do is watch it play out.

« Reply #6 on: April 26, 2018, 09:19 »
+1
So from your key operating metrics I'm seeing that the collection increased 50% (way more competition) while the paid downloads remained flat (buyers not buying more or lack of new buyer growth).
Income per download though has increased hugely...which is the only reason those figures look OK. I can only guess its because the proportion of videos has increased and also SS are going after the more lucrative Corporate premium market. In the longer term they probably don't see much growth or profit in the low value standard mstock market.

« Reply #7 on: April 26, 2018, 09:39 »
+4
Image collection increased 41.6% just in the first quarter or over the year? That's nuts if it's first quarter, the collection increased 75% in the whole of 2016, and I thought that was crazy and unsustainable. I can't believe the rate of increase is still going up!!!!

Shelma1

« Reply #8 on: April 26, 2018, 09:39 »
0
So depressing.

« Reply #9 on: April 26, 2018, 10:47 »
0
it's unbelievable that          they still accept all that crap and most of all thousand of people upload crap to earn 2 3 dollar month...i repeat it's only the beginning...everytime ai look at the collection there is a new ukraine or russian contributor...these country are living an economic crisis so deep that even earning 200 300 dollar in micro will make them earn more than their friens working at mcdonald:)) ..so t's clear that anybody with a camera and some nice friends will upload like crazy.
luckily for me rm esp and fotolia are increasing strongly...even ss is increasing compared to last year but not compared to the work i'm putting  down to keep up with my expectations.

« Reply #10 on: April 26, 2018, 10:48 »
0
Image collection increased 41.6% just in the first quarter or over the year? That's nuts if it's first quarter, the collection increased 75% in the whole of 2016, and I thought that was crazy and unsustainable. I can't believe the rate of increase is still going up!!!!

i think year by year...the upload weeks is something near 1500000 images so it's year clearly.

« Reply #11 on: April 26, 2018, 11:15 »
0
Agree with almost flat increase in paid downloads.

But SS is investing heavily in improving their technology... I have read somewhere that they are building an AI tool which will skip those crap images from search result and display only the good new images to the customers (I dunno how true is this), but if this is added then its a very good step taken as I have seen portfolios with too many similar bad images covering the whole search.

« Reply #12 on: April 26, 2018, 11:32 »
+1
Agree with almost flat increase in paid downloads.

But SS is investing heavily in improving their technology... I have read somewhere that they are building an AI tool which will skip those crap images from search result and display only the good new images to the customers (I dunno how true is this), but if this is added then its a very good step taken as I have seen portfolios with too many similar bad images covering the whole search.
So they keep saying I wait to see if they can actually deliver. I believe if any agency can truly achieve this it will be a significant advantage.

« Reply #13 on: April 26, 2018, 16:12 »
0
"beta of 1.16"? I'd think it's a much more risky investment than that ...  ROE of only 8.43% is pretty low. Those shares seem about double what they should be.

« Reply #14 on: April 27, 2018, 02:17 »
0
"beta of 1.16"? I'd think it's a much more risky investment than that ...  ROE of only 8.43% is pretty low. Those shares seem about double what they should be.
Worth 11 1/2% less at close of play yesterday ;-)

« Reply #15 on: April 27, 2018, 06:07 »
0
-12%

not bad...maybe sme bells began spinning in their head.

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #16 on: April 27, 2018, 08:47 »
0
"beta of 1.16"? I'd think it's a much more risky investment than that ...  ROE of only 8.43% is pretty low. Those shares seem about double what they should be.
Worth 11 1/2% less at close of play yesterday ;-)

Could bottom around $40 or if like last year around $35. Someone just took some profits!  :)

I have little faith in some AI that will filter out duplicates or bad images. OK maybe duplicates, Alamy already has the diversity search, where one artist can't have a big block of one search, Alamy spreads the results among matching images by pseudo.

1.5 million new images a week, makes no sense at all. Accepting filler and junk makes no sense either.


niktol

« Reply #17 on: April 27, 2018, 10:50 »
+2
Agree with almost flat increase in paid downloads.

But SS is investing heavily in improving their technology... I have read somewhere that they are building an AI tool which will skip those crap images from search result and display only the good new images to the customers (I dunno how true is this), but if this is added then its a very good step taken as I have seen portfolios with too many similar bad images covering the whole search.

"bad" and "good" isn't something you can easily define for AI. Or consistently. Or to satisfaction of all contributors. If it's ever implemented, I am pretty sure we are going to see some serious moaning on this forum.

« Reply #18 on: April 27, 2018, 16:47 »
+1
Agree with almost flat increase in paid downloads.

But SS is investing heavily in improving their technology... I have read somewhere that they are building an AI tool which will skip those crap images from search result and display only the good new images to the customers (I dunno how true is this), but if this is added then its a very good step taken as I have seen portfolios with too many similar bad images covering the whole search.

"bad" and "good" isn't something you can easily define for AI. Or consistently. Or to satisfaction of all contributors. If it's ever implemented, I am pretty sure we are going to see some serious moaning on this forum.
The parameter would be "likely to sell" that will lead to even more moaning.........satisfaction of contributors isn't relevant only buyers.

niktol

« Reply #19 on: April 28, 2018, 17:55 »
0
The parameter would be "likely to sell" that will lead to even more moaning.........satisfaction of contributors isn't relevant only buyers.

In that case people who aren't happy now are not likely to be very happy later. And we can't argue with a bot. And we'll have to make peace with false negatives/false positives. And forget about novel unexplored trends (if those really exist on this scale).

« Reply #20 on: April 29, 2018, 02:24 »
0
The parameter would be "likely to sell" that will lead to even more moaning.........satisfaction of contributors isn't relevant only buyers.

In that case people who aren't happy now are not likely to be very happy later. And we can't argue with a bot. And we'll have to make peace with false negatives/false positives. And forget about novel unexplored trends (if those really exist on this scale).
Yes spotting unexplored/emerging trends is an interesting one. I do agree and AI solution is much much harder than salesman pretend...thats why in my view no algorithm comes close yet ;-). Some people will always be unhappy as long as pictures are ranked in some way ;-).

namussi

« Reply #21 on: April 29, 2018, 07:27 »
0

Looked this morning, the stock was at $50 a share which I still think is high, at least 20% over what it should be.

How did you come up with the 20% figure?

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #22 on: April 30, 2018, 11:55 »
0

Looked this morning, the stock was at $50 a share which I still think is high, at least 20% over what it should be.

How did you come up with the 20% figure?

It's $50 a share, my personal feeling is, the stock would be a good long term value at $40. I look for stocks that have growth over time potential, stability, not fast ups and downs based on some hype or news. Roughly speaking the SSTK dropped to $35 last year, but now it's $50 = over valued.

« Reply #23 on: May 01, 2018, 03:16 »
0

Looked this morning, the stock was at $50 a share which I still think is high, at least 20% over what it should be.

How did you come up with the 20% figure?

It's $50 a share, my personal feeling is, the stock would be a good long term value at $40. I look for stocks that have growth over time potential, stability, not fast ups and downs based on some hype or news. Roughly speaking the SSTK dropped to $35 last year, but now it's $50 = over valued.
Bumping along at $42 now seems a lot of people agree with you.

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #24 on: May 01, 2018, 09:11 »
0

Looked this morning, the stock was at $50 a share which I still think is high, at least 20% over what it should be.

How did you come up with the 20% figure?

It's $50 a share, my personal feeling is, the stock would be a good long term value at $40. I look for stocks that have growth over time potential, stability, not fast ups and downs based on some hype or news. Roughly speaking the SSTK dropped to $35 last year, but now it's $50 = over valued.
Bumping along at $42 now seems a lot of people agree with you.

I saw that drop right after the financial report. Also there are some huge investors like $350,000 from one of the teachers unions. There are funds that own similar blocks of 10,000 shares for example.

That kind of place wants growth for their retirement or financial pool. They don't want stagnation. Believe me, if I sold all my other stocks, to buy SSTK I'd need to see growth, steady and a future, not level or small earnings. The flash and boom has happened, we're just looking at the light reflection off low clouds of smoke while hearing the echo. SS needs to come up with something new that will entice and encourage investors. Something that promises continued growth.

When a company has a good strong basis and doesn't expand and diversify, investors (not me, the smart ones) will go elsewhere.


 

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