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

"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

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

quarter after quarter, year after year!

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.

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

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.