Front Page Blog: A h*ck of a lot! iStock contributors make $21 Million in 2007

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rogermexico
Member is a contributor and has less than 250 Photo downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsThis member tied their last cage challenge. PityMember has won a contest
Posted Tue Apr 1, 2008 1:43PM
On 2008-04-01 13:36:46, bitter wrote:

iStockphoto has been an amazing place to learn, share, work, and grow since 2000. Everyone here at HQ is grateful for the bond we have with our contributors and customers. iStockers around the globe approach us at trade shows and iStockalypses, excitedly trying to explain how iStock has changed their lives or saved their bacon. We get hugs from people we don't even know. That's extremely powerful.

We have tried to be as open with the community as we possibly could, but one thing we've always had to keep close to our chest is our financials. Maybe it's our Canadian background, but we've always found it a bit cheeky and rude to discuss money. In the early days, we kept quiet for obvious competitive reasons. After the Getty Images acquisition, it was because we were part of a public company. With the recent announcement that Getty Images is going to be a private company owned by management, employees and Hellman & Friedman, you'll see lots of numbers floating around about iStock's financials, and lots of industry hub-bub about what it all means.

For the first time ever, we're breaking our long-standing silence on the numbers and giving you a few facts and figures. There is one number that makes us most proud, and it's not the $71.9 million in revenue we generated last year (although that is really, really exciting). The amazing thing is that we paid out $20.9 million to contributors last year. That's one h*ck of a lot of money, and doesn't include the $110,000 we gave out on Punctum Day. We are now selling an image every 1.4 seconds through this industry changing marketplace. It even gives us pause every time we look at these stats.

That our revenue and payouts have eclipsed those of many traditional stock photography companies confirms that microstock is a viable and profitable business model for contributors and clients. We wanted to share the sheer scale of how viable and profitable we've all become together. The supercharged growth we had in 2007 was orchestrated by an astounding management team that helped make iStockphoto the envy of the industry. That same iStock/Getty team is sticking together and adding some new faces to help execute on all the new super-wicked stuff we have coming this year.

We've truly created a product that is loved by everyone. Long live the designer's dirty little secret.

** On a personal note, I want to thank everyone at HQ and inspectors/admins, who has made this all look so easy for the last 8 years, making me look good and letting me take all the credit. You're all superstars.


Best Year Ever!

(Edited on 2008-04-01 15:42:35 by kkthompson)
sjlocke
Member is a Black Diamond contributor and has more than 200,000 Photo downloadsMember is a Gold contributor and has 5,000 - 12,499 Video downloadsMember is a Bronze contributor and has 125 - 1,249 Audio downloadsMember is a Bronze contributor and has 250 - 2,499 Flash downloadsMember is a Silver contributor and has 2,500 - 9,999 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto Flash ArtistExclusive iStockphoto VideographerMember has had a File Of The Week
Posted Tue Apr 1, 2008 1:45PM

Posted By rogermexico:
BYE!


Now, I just woke up. Bye ?
Firehorse
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveExclusive iStockphoto VideographerMember has had a submission accepted to the Designer Spotlight
Posted Tue Apr 1, 2008 1:45PM
Pretty amazing numbers. Congratulation!
rogermexico
Member is a contributor and has less than 250 Photo downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsThis member tied their last cage challenge. PityMember has won a contest
Posted Tue Apr 1, 2008 1:46PM
Stupid misleading acronyms. What I meant was Best Year Ever!
Firehorse
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveExclusive iStockphoto VideographerMember has had a submission accepted to the Designer Spotlight
Posted Tue Apr 1, 2008 1:47PM
Ups.

Edited: Understood.


Posted By sjlocke:

Posted By rogermexico:
BYE!


Now, I just woke up. Bye ?


(Edited on 2008-04-01 13:47:52 by Firehorse)
browndogstudios
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsMember is a Diamond contributor and has 25,000 - 199,999 Illustration downloadsExclusiveExclusive iStockphoto Illustrator
Posted Tue Apr 1, 2008 1:47PM
wow!
CatLane
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Flash downloadsMember is a Diamond contributor and has 25,000 - 199,999 Illustration downloadsMember is an InspectorExclusiveExclusive iStockphoto IllustratorMember has had a submission accepted to the Designer SpotlightThis member chickened out of their last cage challenge. What, are you scared of a little photoshop challenge?Member has won a contestRecognizing those who reach the 100,000 download mark
Posted Tue Apr 1, 2008 1:48PM
Incredible numbers for an incredible community.
GetFlashFiles
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsMember is a Gold contributor and has 10,000 - 24,999 Flash downloadsMember is a Bronze contributor and has 250 - 2,499 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto Flash ArtistMember has had a submission accepted to the Designer Spotlight
Posted Tue Apr 1, 2008 1:49PM

WOW!
sjlocke
Member is a Black Diamond contributor and has more than 200,000 Photo downloadsMember is a Gold contributor and has 5,000 - 12,499 Video downloadsMember is a Bronze contributor and has 125 - 1,249 Audio downloadsMember is a Bronze contributor and has 250 - 2,499 Flash downloadsMember is a Silver contributor and has 2,500 - 9,999 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto Flash ArtistExclusive iStockphoto VideographerMember has had a File Of The Week
Posted Tue Apr 1, 2008 1:49PM

Posted By rogermexico:
Stupid misleading acronyms. What I meant was Best Year Ever!


Don't freak me out man.

Yes, BYE!
anouchka
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveExclusive iStockphoto Videographer
Posted Tue Apr 1, 2008 1:51PM
Wow!  Amazing, thank you!
Sirimo
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveMember has had a submission accepted to the Designer SpotlightMask of the Diablo Azul - Member has won between 1 and 3 Steel Cage matchesMember has had a File Of The Week.Member is an iStockphoto Steel Cage Judge.This user has the power to wield the BanHammer, a weapon forged in the fires of hell for that get-off-my-planet quality you can't get anywhere else. You betta reckonize.
Posted Tue Apr 1, 2008 1:52PM
BBPE - that's best blog post ever for anyone not on Andrew's wavelength

(Edited on 2008-04-01 13:53:26 by Sirimo)
toddmedia
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a Gold contributor and has 5,000 - 12,499 Video downloadsMember is a contributor and has less than 125 Audio downloadsExclusiveExclusive iStockphoto VideographerMember has had a File Of The Week
Posted Tue Apr 1, 2008 2:00PM
I'd really like to hear what percentage of all that income was on the video side. Might still be very small ... but on a monthly graph I would bet its ramping up in a fast growth curve.

.

(Edited on 2008-04-01 14:00:42 by toddmedia)
klosfoto
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveExclusive iStockphoto Illustrator
Posted Tue Apr 1, 2008 2:00PM
Holy. Smokes. I'm glad to a part of this wonderful place called iStock! Can't wait to see what 2008 brings.
cglade
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsExclusiveThis member has lost their last cage match. Consider this the black eye the bully gave you after school by the bike racks.Member has had a File Of The Week.
Posted Tue Apr 1, 2008 2:02PM
Wow - impressive stats. But I'm already thinking that $20.9 million payout is sooo last year. wink

(Edited on 2008-04-01 14:03:01 by cglade)
nico_blue
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsMember is a contributor and has less than 250 Flash downloadsMember is a Diamond contributor and has 25,000 - 199,999 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto VideographerGatito - Member has chickened out of multiple challenges. Time to grow some marbles.Awarded to fabulous photographers with more than 100,000 downloads
Posted Tue Apr 1, 2008 2:03PM
Woah wtg! Im really proud to call myself an istocker Can't wait to see the super wicked stuff in store for the year!
bmcent1
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Video downloads
Posted Tue Apr 1, 2008 2:03PM
This ride just keeps getting better! What a great time to be EXCLUSIVE!
DeniseTorresCLOSED
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloads
Posted Tue Apr 1, 2008 2:07PM
Wow! Congrats to all! What a fun place to call home!
diane555
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsMember is a Diamond contributor and has 25,000 - 199,999 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto VideographerMember has had a File Of The WeekMask of the Diablo Azul - Member has won between 1 and 3 Steel Cage matches
Posted Tue Apr 1, 2008 2:07PM
^^ agreed...I'm very proud to be a part of this amazing community!
theprint
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsMember has had a submission accepted to the Designer SpotlightMember has had a File Of The WeekMask of the Diablo Azul - Member has won between 1 and 3 Steel Cage matches
Posted Tue Apr 1, 2008 2:08PM
Go iStock Go! I am certainly one of those whose lives got changed by iStockphoto. In too many ways to count. I take my hat off and raise my glass to the continued success of this amazing place.
mbbirdy
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a Bronze contributor and has 250 - 1,249 Video downloadsMember is a contributor and has less than 125 Audio downloadsMember is a contributor and has less than 250 Flash downloadsMember is a Bronze contributor and has 250 - 2,499 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto VideographerMember has had a submission accepted to the Designer SpotlightAwarded to fabulous photographers with more than 100,000 downloadsMember has had a File Of The Week.
Posted Tue Apr 1, 2008 2:09PM
iS = best thing on Internet! We rule!
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