Jupitermedia's Q1 2008 revenues were $34.5 million down from $36.1 million in Q4 2007 and below the company's estimate of $35 to $36 million announced in March of this year. First-quarter revenue was down slightly from $34.8 million in the same period in 2007. Total revenue for the online images segment of their business continued a steady slide to $26.142 million, down 9% and $1.8 million from Q1 2007 revenue of $27.914 million.
Online image revenue from Q1 2007 was down 9% to $26.142 million from $27.914 million.
Alan M. Meckler, Chairman/CEO of Jupitermedia, said, "Revenues from our Jupiterimages Unlimited high-level royalty-free subscription offering grew over 100% from the first quarter of 2007 to the first quarter of 2008. We are also starting to see significant growth from our recently launched Stockxpert.com microstock subscription offering. We have also made additional investments in our Online Media business, with the launch of an array of online education offerings and new editorial Web sites."
3 Revenue Categories
Jupiterimages revenue is divided into three categories: Single Images and CDs, Subscriptions and Distributors and Other.
| |
Q1 2007
|
Q2 2007
|
Q3 2007
|
Q4 2007
|
Q1 2008
|
| Single Images |
13.485
|
13.936
|
13.197
|
12.7
|
12.601
|
| Subscriptions |
7.108
|
7.049
|
7.146
|
7.5
|
7.677
|
| Distributors, Other |
7.321
|
6.398
|
6.481
|
6.583
|
5.864
|
| |
|
|
|
|
|
| Image Division |
27.914
|
27.383
|
26.824
|
26.783
|
26.142
|
| |
|
|
|
|
|
| Gross Revenue |
$34.77
|
$34.70
|
$34.77
|
$36.10
|
$34.55
|
Single image revenue was $12.6 million, down 7% from $13.485 in Q1 2007. The category includes the single images sales of Stockxpert, as well as the traditional RM and RF sales.
Gross revenue in the subscription category was $7.7 million, up very slightly from $7.6 million in Q4 2007. Subscription revenue steadily increased throughout 2007. The subscription segment of Stockxpert, launched in November 2007, falls into this category.
Revenue from distributors took the biggest hit and was down 20% to $5.864 million, from $7.321 million in Q1 2007.
In February 2008, Jupitermedia announced the expansion of Stockxpert.com's product offerings to include premium royalty-free footage. File formats include both standard and HD video, as well as Flash video to appeal to Web designers. Stockxpert.com now enables footage buyers to purchase the clips they need for their creative projects for as little as $10 at the lowest resolution to $50 for 1080 HD.
In April 2008, Jupitermedia announced the launch of ClipartConnection.com (www.clipartconnection.com), a new subscription service that provides access to a library of over 1 million clipart images, Web graphics and illustrations. Subscriptions are available for one week, one month and one year, and allow subscribers to download up to 250 images per day with a weekly subscription starting at only $4.95.