MicrostockGroup

Agency Based Discussion => Shutterstock.com => Topic started by: Petr Toman on February 12, 2015, 16:49

Title: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: Petr Toman on February 12, 2015, 16:49
2014 Full Year Highlights

Revenue increased 39% to $328.0 million
Currency-neutral revenue growth was 40%
Adjusted EBITDA increased 32% to $70.7 million, a 22% margin


Q4 2014 Highlights
Revenue increased 34% to $91.2 million
Currency-neutral revenue growth was 36%
Adjusted EBITDA increased 46% to $22.4 million, a 25% margin
Paid downloads increased 20% to 33.5 million
Revenue per download increased 10% to $2.68
Image collection grew 45%; currently exceeds 48 million images and 2 million video clips

Revenue per download(1)
2014 - $2.68
2013 - $2.43

http://www.prnewswire.com/news-releases/shutterstock-reports-fourth-quarter-and-full-year-2014-financial-results-300035572.html (http://www.prnewswire.com/news-releases/shutterstock-reports-fourth-quarter-and-full-year-2014-financial-results-300035572.html)
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: Petr Toman on February 12, 2015, 16:52
Quite huge increase in Non-Cash Equity-Based Compensation.
Check out Sales and marketing, Product development.
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: gbalex on February 12, 2015, 17:07
"Net income for the full year 2014 was $22.1 million as compared to $26.5 million in 2013. 

Net income available to common stockholders for the full year 2014 was $22.0 million or $0.61 per share on a fully diluted basis as compared to $26.4 million or $0.77 per share on a fully diluted basis in 2013.  The decrease in net income was caused primarily by an increase in non-cash equity-based compensation expense."

For those who do not know what "non-cash equity-based compensation expense" is

http://online.barrons.com/articles/SB50001424052748704509304578515082253371720 (http://online.barrons.com/articles/SB50001424052748704509304578515082253371720)
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: Uncle Pete on February 12, 2015, 19:30
(http://s5.postimg.org/jzts41euf/ss_metrics_1212_1214.jpg)

Another source, same data, slightly different presentation. Revenue per DL is up.

http://seekingalpha.com/pr/12510696-shutterstock-reports-fourth-quarter-and-full-year-2014-financial-results?app=n (http://seekingalpha.com/pr/12510696-shutterstock-reports-fourth-quarter-and-full-year-2014-financial-results?app=n)

The Adobe / FT deal should make 2015 interesting.
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: etudiante_rapide on February 12, 2015, 21:53
The Adobe / FT deal should make 2015 interesting.

yes, as in any business, competition is healthy for everyone. monopoly is never healthy for anyone save for the firm. but look to your right >>>>  91.7% and the next 3 is no more the 31,28,16.
not exactly healthy competition. even you added the 3 together = 70/90
and combine all the mid tier 52 + low earners 15 .
ss 91 vs 3 big 4 70 and the combined mid and low 67%

not very good competition,if u know what i mean
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: Uncle Pete on February 13, 2015, 00:18
Better yet follow the link from gbalex it's very informative. That is unless you think Three Card Monty is an honest game. That's not a shot at SS but instead at Tech stocks and people who play this creative accounting game.

Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: luissantos84 on February 13, 2015, 05:52
quarter after quarter, year after year!
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: Semmick Photo on February 13, 2015, 08:47
The library is outpacing the demand, which cant be sustainable for contributors. The only one profiting from that and making more money is SS. We have to accept a decrease in earnings. I wish we would benefit from the continued success, we are just as important as shareholders. No doubt.
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: Mantis on February 13, 2015, 08:52
The library is outpacing the demand, which cant be sustainable for contributors. The only one profiting from that and making more money is SS. We have to accept a decrease in earnings. I wish we would benefit from the continued success, we are just as important as shareholders. No doubt.

This is 100% accurate. Dilution. Pure dilution. You can't fight it. Well, you can, but you won't win. We will not win, agencies have almost zero compunction for contributors...I say "almost" because they still need fresh content. Next year when SS financials come out I'd show a far greater appreciation if the average commission per image is $5, not $2 and some change. Not that I am picking on SS. They are at the top of the food chain, both as an industry leader and for volatility.
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: gbalex on February 13, 2015, 09:27
The sale of options granted at a cost to shutterstock insiders of $0; amounted to $13,352,598 dollars of non-cash equity-based compensation in 2014

http://www.insider-monitor.com/trading/cik1549346.html (http://www.insider-monitor.com/trading/cik1549346.html)
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: gbalex on February 13, 2015, 09:44
The above insider trading did not include Insight Venture Partners V (Employee Co-Investors) L P who also acquired their stock at $0 and Disposed of 9,841,337 shares in 2014. Average price per share disposed was not listed. http://www.secform4.com/insider-trading/1331544.htm (http://www.secform4.com/insider-trading/1331544.htm)
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: sgoodwin4813 on February 13, 2015, 09:52
Too bad they don't give contributors stock options based on sales ...
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: ArenaCreative on February 13, 2015, 13:07
Too bad they don't give contributors stock options based on sales ...

You read my mind.  Still kicking myself for not buying up shares at the IPO.  The current price may be a good buying opportunity, with a lot of "gap" to fill back up to SSTK's all time high.  As an investor, I'd still wait until things base a bit more, before going long.  The 6-month chart still shows the stock in a steady trend slightly downward.  This could be MM's pushing it down for a nice momo run on bullcrap news for a quick, nice 25-50% gain, as well.  The stock market is too much like gambling, to me.  I decided I'm better off sticking to stock images, for the most part :) You'd think with all the positive news, the stock would be trending back north. 

Has anyone here ever traded SSTK?  Daily, long term, or swing?  It makes sense to invest in what you know.  I've seen many 5%+ gain type days, if you can catch it right.  Beats throwing your savings into an IRA or CD, with current bank rates.  But it could always go the opposite way, too... so use your stops.
Title: Re: ShuterStock Fourth Quarter and Full Year 2014 Financial Results
Post by: etudiante_rapide on February 13, 2015, 13:52
Too bad they don't give contributors stock options based on sales ...

Has anyone here ever traded SSTK?  Daily, long term, or swing?  It makes sense to invest in what you know.  I've seen many 5%+ gain type days, if you can catch it right.  Beats throwing your savings into an IRA or CD, with current bank rates.  But it could always go the opposite way, too... so use your stops.

even if u think of making money in the markets, ss would not be the one any savvy investor would add to their portfolio. not comparing blue chip, just taking internet stocks, there are far more better and safer bets than ss