Third Quarter 2021 highlights compared to Third Quarter 2020:
Financial Highlights
Revenue increased 18% to $194.4 million. On a constant currency basis, revenue increased 17%.
Income from operations
decreased 24% to $22.2 million.
Net income
decreased 29% to $16.0 million.
Adjusted EBITDA
decreased 6% to $44.4 million.
Diluted EPS
decreased by 31% to $0.43 per share.
Adjusted net income per diluted share
decreased by 13% to $0.70 per share.
Key Operating Metrics
Subscribers increased 32% to 336,000.
Subscriber revenue increased 21% to $81.5 million.
Average revenue per customer, increased 10% to $361.
Paid downloads increased 2% to 44.3 million.
Revenue per download increased 11% to $4.20.
Image collection of approximately 390 million images.
Footage collection of approximately 23 million clips.