MicrostockGroup

Agency Based Discussion => Shutterstock.com => Topic started by: Jo Ann Snover on August 04, 2016, 21:33

Title: Shutterstock Q2 earnings beat estimates
Post by: Jo Ann Snover on August 04, 2016, 21:33
http://finance.yahoo.com/news/edited-transcript-sstk-earnings-conference-151945094.html (http://finance.yahoo.com/news/edited-transcript-sstk-earnings-conference-151945094.html)

Investor presentation

http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-presentations (http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-presentations)

Earnings

http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-newsArticle&ID=2192912 (http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-newsArticle&ID=2192912)

Not a lot of coverage of it that I could find

http://www.com-unik.info/shutterstock-inc-sstk-issues-earnings-results/ (http://www.com-unik.info/shutterstock-inc-sstk-issues-earnings-results/)

Title: Re: Shutterstock Q2 earnings beat estimates
Post by: Pauws99 on August 05, 2016, 01:34
THe number of images increased by 61% Eye watering!With paid downloads up 21% So I reckon you probably need to increase portfolio by 40% in to stand still if you an "average" contributor. Lets hope its true that a lot of the new uploads are rubbish. "his past quarter alone, our 130,000 plus contributors added over 11 million high-quality images to our royalty-free library even as we maintain a stringent review process for every single image submitted." Really?
Title: Re: Shutterstock Q2 earnings beat estimates
Post by: gyllens on August 05, 2016, 01:58
For serious contributors, large or specialized portfolios this is the end.
Title: Re: Shutterstock Q2 earnings beat estimates
Post by: Pauws99 on August 05, 2016, 02:13
Quote from: gyllens on August 05, 2016, 01:58
For serious contributors, large or specialized portfolios this is the end.
The end has been prophesized too often.....its just getting much harder
Title: Re: Shutterstock Q2 earnings beat estimates
Post by: Nikovsk on August 05, 2016, 04:21
It's just not a sustainable business model for contributors... I'm still uploading a couple images every week, but my focus and energy are in other areas that are much more interesting financially speaking.
Title: Re: Shutterstock Q2 earnings beat estimates
Post by: Tror on August 05, 2016, 05:12
Now, with a 60% increase of images online, the question is how long this game is sustainable for profit orientated image factories.
Title: Re: Shutterstock Q2 earnings beat estimates
Post by: gyllens on August 05, 2016, 05:23
Stopped being sustainable last year and this is living proof that they can do and manage very well with just quantity and less quality and without any disrespect to Tror but I dont think todays buyers in general are as quality conscious as yesterdays. They seem only too happy with a sub here and there and avoiding the more expensive macro agencies. Given that fact and SS nursing new people and lower royalty members. Well then in future it will be hard to find quality for 0-25c-0.38c. :)
Title: Re: Shutterstock Q2 earnings beat estimates
Post by: theendup on August 05, 2016, 07:46
I wonder how q3 numbers will come out.
Title: Re: Shutterstock Q2 earnings beat estimates
Post by: Pauws99 on August 05, 2016, 09:44
Quote from: theendup on August 05, 2016, 07:46
I wonder how q3 numbers will come out.
I think pretty similar this pattern has been consistent for a while despite the anecdotal evidence on here.