- First quarter revenue increased 42% from prior year, to $72.8 million
- Adjusted EBITDA increased 20% to $14.2 million
- Quarterly paid downloads increased 33% to a record 29.7 million
- Collection grew 41%; exceeds 35 million images and 1.7 million video clips
- Acquisition of WebDAM, a leading provider of digital asset management tools, closed during first quarter

http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-newsArticle&ID=1929092&highlight=

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- Quarterly paid downloads increased 33% to a record 29.7 million
- Collection grew 41%; exceeds 35 million images and 1.7 million video clips

Doesnt that mean the pie is getting smaller for us?

The pie is bigger but cut into smaller slices

Cheers. It was kind of what I meant. Could be the reason people see a decline in sales and why its harder to get any traction these days.

Everything's coming up Milhouse!

...And with all the news we get there doesn't seem to be any serious competition coming their way.

istock/getty are always too busy with cool projects to really focus and Fotolia will not get much attention while the owners play with dpc...

I think DPC is the serious competition. Nothing else on the market right now is positioned to really take a shot at SS. DPC can compete, though. At least with low-to-mid-volume buyers and those buying SOD and OD packages. The people who still need several hundred images per month will always be better off at SS. But those who need 200 or fewer could be swayed. The challenge for them will be marketing. Getting their offer in front of SS customers will take some serious spending.

Quote from: Ron on May 09, 2014, 02:35

Quote from: luissantos84 on May 08, 2014, 16:01

- Quarterly paid downloads increased 33% to a record 29.7 million
- Collection grew 41%; exceeds 35 million images and 1.7 million video clips

Doesnt that mean the pie is getting smaller for us?

Yes, but not much smaller. Many people posting about this on MSG have fretted over a huge flood of new contributors and submissions. An increase in supply that is several or even many times larger than the growth in demand. Apparently that is not what is happening at SS. I guess we will have to think up new excuses if our revenues drastically decline?

Au contraire, Michael. The difference between 41% and 33% is eight percentage points, not 8%, it's actually a 20% drop in earnings per file.  In order for Mr Average to maintain his earnings he would have to increase his portfolio size by 20% in a year.
I increased my portfolio by about 12% last year and my earnings in the first quarter were down 8.5%, so my entire decline is explained, quite precisely, by the decline in earnings per file.
The message I take home from the data is that I need to grow my portfolio by almost 100 files a month just to stand still.
On the positive side, the collection is now so big that if SS can keep growing its customer spend at that rate then in a year or two the situation might reverse, with earnings starting to outstrip the increase in the collection. If that happened, then earnings for individual portfolios would start to rise even without new material being added, which would be very nice indeed.

Quote from: BaldricksTrousers on May 10, 2014, 02:39

I increased my portfolio by about 12% last year and my earnings in the first quarter were down 8.5%, so my entire decline is explained, quite precisely, by the decline in earnings per file.
The message I take home from the data is that I need to grow my portfolio by almost 100 files a month just to stand still.

I am not seeing that but your portfolio is way more mature then mine (double the time, from 5 to 10 years)

Yes, mine is spread pretty evenly over the entire time SS has existed so I would expect it to perform in a pretty average way, with any advantages or disadvantages from file age cancelling out.