Released by Shutterfly:
Shutterfly announces second quarter results
Shutterfly Continues to Double Revenues & Achieves Fourth Consecutive Quarter of Profitability Total Revenues Increase 103 Percent Year-Over-Year
REDWOOD CITY, CA -- (MARKET WIRE) -- 07/21/2003 -- Shutterfly, the leading online photo service, announced results for the second quarter ended June 30, 2003.
Shutterfly posted a 103 percent gain in revenue for the second quarter of 2003 over the same period last year, realizing profitability for the fourth consecutive quarter on an EBITDA basis. Uploaded digital photo images for new and existing customers increased 155 percent.
Shutterfly milestones from the second quarter include:
- Accelerated member acquisition rate 21 percent this quarter,
improving our leadership position
- Introduced new line of large-format prints including 11x14,
16x20 and 20x30
- Launched Shutterfly ExpressT 3.0 software to simplify the
customer's experience by helping them work more efficiently
offline; for example, when creating an order
- Named "Editor's Choice" by Computer Shopper in May
"Shutterfly's continued focus on delivering film-quality prints via the easiest and fastest online photo service is paying off in strong customer response," said Dave Bagshaw, President and CEO of Shutterfly. "As one of the very first in this space, we continue to see our footprint expand. Moreover, our opportunity continues to develop with a convergence of market trends: skyrocketing digital camera sales, rise in households with high-speed Internet access, and the steady increase of parents, versus early adopters, recognizing the value of online photo services."
About Shutterfly
Shutterfly, the leading online photo service, makes it simple and fun for people to stay connected with those who matter most. Amateur and professional, digital and film photographers alike can enjoy the benefits of Shutterfly's award-winning products and services; including film-quality prints, unique gift items, secure storage in online albums and free picture sharing. Customers can easily customize their pictures with special effects, borders and personalized messages (printed on the back of each photo). Additionally, customers can create greeting cards, invitations, note cards, calendars and mini photo albums called SnapbooksT, all of which can be mailed anywhere in the world. Founded in 1999, Shutterfly is based in Redwood City, California.
Website www.shutterfly.com .
Shutterfly, Shutterfly.com and the Shutterfly logo are trademarks of Shutterfly, Inc.
