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Shutterstock is an embarassment

Started by stockman11, June 23, 2023, 22:26

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Pacesetter

Here's the real embarrassment for Shutterstock Inc.

On full public display, sinking share prices across all periods. If it's a bit hard to see in the attachment then below is a list of the results.

The only 'green' shoot is its MAX period share price which increased 49.23% but that's across almost 12 years.   

Clearly investors are not invested in this company. Not surprising.

Down 4.79% -1.65 Today
Down 10.47% -3.84 5 Days
Down 20.83% -8.64 1 Month
Down 29.81% -13.94 6 Months
Down 31.03% -14.77 Year-To-Date
Down 24.48% -10.64 1 Year
Down 5.93% -2.07 5 Years
Up 49.23% +10.83 MAX (Since October 2012)

lappland_sun

Quote from: Pacesetter on August 23, 2024, 10:31
Here's the real embarrassment for Shutterstock Inc.

On full public display, sinking share prices across all periods. If it's a bit hard to see in the attachment then below is a list of the results.

The only 'green' shoot is its MAX period share price which increased 49.23% but that's across almost 12 years.   

Clearly investors are not invested in this company. Not surprising.

Down 4.79% -1.65 Today
Down 10.47% -3.84 5 Days
Down 20.83% -8.64 1 Month
Down 29.81% -13.94 6 Months
Down 31.03% -14.77 Year-To-Date
Down 24.48% -10.64 1 Year
Down 5.93% -2.07 5 Years
Up 49.23% +10.83 MAX (Since October 2012)

So should I start shorting Shutterstock on wall street and I will earn more  than with stock photos?  ;D

DaLiu

August 2023 - 1505 downloads
August 2024 - 2831 downloads (still 1 day to go) with 6% more photos added and 65% more income


wds

Weird, some people are seeing growth and others are seeing virtual collapses. Maybe it's geographic?

cascoly

Quote from: wds on August 30, 2024, 18:52
Weird, some people are seeing growth and others are seeing virtual collapses. Maybe it's geographic?

more likely portfolio contents - i sell many editorial images on SS but AS doesn't accept editorial

and then depends whether you concentrate on food, people, travel, etc
Steve Estvanik 
travel & photo blog https://cascoly-images.com

wds

#355
Quote from: cascoly on August 30, 2024, 20:38
Quote from: wds on August 30, 2024, 18:52
Weird, some people are seeing growth and others are seeing virtual collapses. Maybe it's geographic?

more likely portfolio contents - i sell many editorial images on SS but AS doesn't accept editorial

and then depends whether you concentrate on food, people, travel, etc

I have editorial on both (AS generally accepts editorial without people), in fact more editorial on SS than AS, and SS earnings are far below AS at this point.

Micha91

August 2024 for me on Shutterstock is a decrease in income compared to:
-July 2024 decrease by 42%,
-August 2023 decrease by 56%

cascoly

Quote from: wds on September 01, 2024, 00:46
Quote from: cascoly on August 30, 2024, 20:38
Quote from: wds on August 30, 2024, 18:52
Weird, some people are seeing growth and others are seeing virtual collapses. Maybe it's geographic?

more likely portfolio contents - i sell many editorial images on SS but AS doesn't accept editorial

and then depends whether you concentrate on food, people, travel, etc

I have editorial on both (AS generally accepts editorial without people), ..
that's why it's so, difficult to compare - most of my editorials have people/ crowds
Steve Estvanik 
travel & photo blog https://cascoly-images.com

Pacesetter

August 2020

Downloads : 74
Earnings : 105.88

August 2021

Downloads : 94
Earnings : 134.68

Port had 410 videos as of November 2021

August 2022

Downloads : 80
Earnings : 308.62

August 2023

Downloads : 117
Earnings : 571.69

August 2024

Downloads : 135
Earnings : 258.21

Port increased to over 2700 videos by August 2024


Uncle Pete

Quote from: stockman11 on June 23, 2023, 22:26
My SS earnings used to be 15x higher than now, and they just keep nosediving from month to month. Once a good earner, now abomination. Seems like it will join mid-tier agencies soon. Inexcusable.

During this same time, my Adobe Stock earnings has been growing, and Istock has been consistent.

I'm considering to start treating SS like the other mid-tier agencies and completely stop uploading there.

After 15 pages, I just wanted to agree with the OP "Shutterstock is an embarassment"
≧◉◡◉≦ <a href=https://www.antique-images.com/> My Vintage and Antique images ( ͡° ͜ʖ ͡°)
Your art isn't worth anything unless someone else believes it is.

DaLiu

Shutterstock it's just fine for some of us, more than fine.

Micha91

what can I say. from 220-280 sales per day in 2017-2021. Now I have about 20-30 per day :-[. I have no idea what's going on there but the algorithm hates me.

It's getting worse from month to month in my case.

gnirtS

Quote from: Micha91 on July 08, 2024, 19:02
I see that the issue is widespread. I haven't had it this bad since June and now July for the past 9 years, even though I've been uploading to Shutterstock since 2014. Back then, my portfolio was a fraction of what it is now, and uploading new content didn't feel like throwing it straight into the trash. I've also noticed that very few subscriptions are selling; only on-demand images are moving.

Im thinking fewer and fewer are renewing subscriptions (or just abusing the free month).  They've so completely screwed up their licence pricing people no longer bother.

stocker2011

Has anyone seen an increase in their earnings this year from uploading new content to SS?

BelieveInStock

Quote from: Micha91 on September 09, 2024, 08:07
what can I say. from 220-280 sales per day in 2017-2021. Now I have about 20-30 per day :-[. I have no idea what's going on there but the algorithm hates me.

It's getting worse from month to month in my case.

Similar here, I feel your pain.

RalfLiebhold

Quote from: stocker2011 on September 19, 2024, 13:59
Has anyone seen an increase in their earnings this year from uploading new content to SS?

Yes, this summer I mainly uploaded new material. The new images have led to an increase in income. (The spike in June is due to a single $500 sale).


Pacesetter

Sales volume doesn't appear to have fallen too much (though relative to growing port size it has) but earnings are still way down on last year.

Something curious happening with images though, I'm seeing a lift in the RPD this past two months. Anyone else noticing the same?

stocker2011

Quote from: RalfLiebhold on September 19, 2024, 21:23
Quote from: stocker2011 on September 19, 2024, 13:59
Has anyone seen an increase in their earnings this year from uploading new content to SS?

Yes, this summer I mainly uploaded new material. The new images have led to an increase in income. (The spike in June is due to a single $500 sale).

So there is some hope then, thanks for sharing.

gnirtS

Quote from: stocker2011 on September 19, 2024, 13:59
Has anyone seen an increase in their earnings this year from uploading new content to SS?

No however for me the algorithm appears to have changed.  Previously about 90% of my stuff sold was older content (3 years or older).  The last few months its shifted to about 75% of newer content (3 years or even a few months) vs older.  Ive never seen that before.

Sales volume is down about 30%, im breaking "worst month for a decade" records every month now in terms of revenue.

Also noticed almost all sales are now low value SODs not subscriptions.  Previously subs made up 90% of sales.

Bauman

Quote from: gnirtS on September 22, 2024, 12:19

No however for me the algorithm appears to have changed.  Previously about 90% of my stuff sold was older content (3 years or older).  The last few months its shifted to about 75% of newer content (3 years or even a few months) vs older.  Ive never seen that before.

Sales volume is down about 30%, im breaking "worst month for a decade" records every month now in terms of revenue.

Also noticed almost all sales are now low value SODs not subscriptions.  Previously subs made up 90% of sales.

The same thing is happening to me unfortunately. I also stopped selling my bestsellers three months ago on SS and my earnings have decreased by 30-40%.

The only positive aspect is that I am selling the new files, something that is not happening on Adobe Stock.

Usually, in the last two years, I am sending 100 photographs per month (only photos, no videos, no AI). This September I sold about 60 images on Shutterstock created from August 1st onwards ... while the opposite is happening on Adobe, where I only sold 2 photos sent in the same period.

So, now on SS I sell the new files, while on AS only the old ones ... 3 months ago it was the opposite. Unfortunately with these algorithm changes I am losing $300-400 per month ... and I am full time and this is not a good thing.  :(

DaLiu

For me the number of downloads increased almost 80-90% compared with last year, I uploaded this year probably 5% more images and videos and I see a trend that the new files are sold more often and some of the old files from 5-6-7 years ago are starting to sell for the first time but as well I lost some of the best sellers, they don't show up on the first page anymore but overall I'm happy since my earning are growing and this month again its going for the BME regarding earnings and downloads.

Uncle Pete

Quote from: gnirtS on September 22, 2024, 12:19

Also noticed almost all sales are now low value SODs not subscriptions.  Previously subs made up 90% of sales.

Yes, same for me. Nearly no subs and almost all sales are now OD or SO.

Perhaps the sub people have moved to IS or AS or somewhere else, like those horrid places like Freepik. Anyone who contributes to Freepik is cutting their own (and our) subscription sales at SS, by direct competition.
≧◉◡◉≦ <a href=https://www.antique-images.com/> My Vintage and Antique images ( ͡° ͜ʖ ͡°)
Your art isn't worth anything unless someone else believes it is.

kuriouskat

Quote from: Bauman on September 22, 2024, 14:14
Quote from: gnirtS on September 22, 2024, 12:19

No however for me the algorithm appears to have changed.  Previously about 90% of my stuff sold was older content (3 years or older).  The last few months its shifted to about 75% of newer content (3 years or even a few months) vs older.  Ive never seen that before.

Sales volume is down about 30%, im breaking "worst month for a decade" records every month now in terms of revenue.

Also noticed almost all sales are now low value SODs not subscriptions.  Previously subs made up 90% of sales.

The same thing is happening to me unfortunately. I also stopped selling my bestsellers three months ago on SS and my earnings have decreased by 30-40%.

The only positive aspect is that I am selling the new files, something that is not happening on Adobe Stock.

Usually, in the last two years, I am sending 100 photographs per month (only photos, no videos, no AI). This September I sold about 60 images on Shutterstock created from August 1st onwards ... while the opposite is happening on Adobe, where I only sold 2 photos sent in the same period.

So, now on SS I sell the new files, while on AS only the old ones ... 3 months ago it was the opposite. Unfortunately with these algorithm changes I am losing $300-400 per month ... and I am full time and this is not a good thing.  :(

The algorithm has definitely changed. I'm a long term contributor, and had images on page one of some search results, which sold almost daily. Now they are nowhere to be seen. However, the images they've been replaced with are very recent uploads, so the search currently appears to be skewed to favour new content, rather than older, popular images. I also have some new images that have sold a few times, and these are on page one of the search.

It looks as if Shutterstock wants us to keep feeding the beast.

I'm guessing they've done this to counterbalance the removal of the option to search by 'New'. Perhaps if they stopped accepting rubbish, they could switch this back on, but I'm pretty sure searching by 'new' would be an embarrassment at the moment.

As a result, my September earnings are way down. 

Pacesetter

I haven't uploaded images since October 2023 to Shutterstock but am considering restarting given Adobe Stock's review taken forever.

Injustice for all

I haven't uploaded to SS since September 2023,it's been a year,and I can say that as far as I'm concerned I made the right choice,Shutterstock is dead for me.

this month so far I have made 600% more on Adobe than on SS not counting the Firefly bonus,with the Firefly bonus I get around 1100% more,compared to SS.