Shutterstock

Shutterstock, Inc. engages in the operation of a marketplace for licensed content. The firm licenses images, video, music, editorial assets, and custom content tailored to a brand's needs. The company was founded by Jonathan Oringer in 2003 and is headquartered in New York, NY.

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Shutterstock reports record earnings, eyes AI growth amid subscriber decline

Shutterstock's Q4 2022 performance showcased record EBITDA and revenue growth, despite subscriber decline in Europe. The company's strengths in AI applications and enterprise success position it well for future growth. Challenges include e-commerce weakness and cautious outlook on subscriber growth.

Shutterstock beats Q1 revenue expectations, eyes growth through partnerships

Shutterstock's Q1 2023 performance exceeded expectations, driven by strong enterprise sales and subscription growth.
While facing challenges in ecommerce sales and certain business segments, the company is focused on strategic partnerships and AI utilization.
Opportunities lie in revenue growth targets, data partnerships, and AI tool enhancements to drive future success for Shutterstock.

Shutterstock reports strong Q2 performance, raises 2023 guidance

Shutterstock's Q2 success driven by AI partnerships and revenue growth, with a focus on data engine and tech collaborations.
Despite challenges like muted revenue growth, the company's strategic strengths and opportunities position it for future growth.
Raised guidance for 2023 revenue and adjusted EBITDA underscores Shutterstock's financial resilience and growth potential.
Balancing challenges with opportunities, Shutterstock aims to optimize performance and capitalize on strategic initiatives for sustained growth.

Shutterstock reports record Q3 revenues, eyes growth in Getty and data segments

Shutterstock's Q3 performance reflects strong financial results, diversified revenue streams, and operational efficiency, setting the stage for accelerated growth in Q4.
Strategic initiatives to drive e-commerce recovery, capitalize on Getty and data segments, and focus on profitability position the company for sustainable expansion and profitability.
While facing challenges in revenue stability and content expansion, Shutterstock can capitalize on opportunities in customer-centric offerings, TAM expansion, and cross-selling to drive future growth.

Shutterstock achieves record earnings, eyes cloud expansion for growth

Shutterstock delivered strong financial performance in Q4 2023, with a focus on diversifying content types and expanding into cloud ecosystems. While facing challenges in the E-commerce channel, the company is strategically positioned for growth with a clear roadmap outlined in the Shutterstock 2027 framework. Opportunities in data distribution and pricing models provide avenues for future revenue growth.

Shutterstock beats Q1 expectations, raises guidance on Envato acquisition

Shutterstock's Q1 2024 performance exceeded expectations, driven by strong data distribution, content business trends, and the Envato acquisition. The company raised its 2024 guidance, reflecting confidence in future growth and expansion.

Shutterstock reports Q2 revenue growth and tech advancements

Shutterstock's Q2 performance showed revenue growth, strong margins, and notable advancements in technology and strategic partnerships.
While facing challenges in content revenue decline, the company is poised to capitalize on opportunities from recent acquisitions and business segments.
Guidance raise for revenue growth and maintained adjusted net income per diluted share indicate a positive outlook with a focus on innovation and expansion.

Shutterstock reports record Q3 earnings, eyes growth through acquisitions

Shutterstock's Q3 performance reflects strong revenue growth, driven by strategic acquisitions and robust business segment performance.
Despite operational challenges and leadership transitions, the company's financial strength, raised guidance, and focus on long-term goals position it well for future success.
Opportunities lie in leveraging acquisitions, expanding partnerships, and capitalizing on emerging trends to drive continued growth and market relevance.
Overall, Shutterstock's proactive approach to growth and financial stability bodes well for its competitive positioning and value creation for shareholders.

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Shutterstock, Inc. engages in the provision of a global creative platform. The company offers data, distribution, and services. Its contents include images, footage, music, three dimensional (3D) models, and generative artificial intelligence. The company was founded by Jonathan Evan Oringer in 2003 and is headquartered in New York, NY.

Evaluate Shutterstock's (SSTK) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.

Shutterstock (SSTK) International Revenue Performance Explored

Shutterstock, Inc. (NYSE:SSTK ) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Rik Powell - Senior Vice President, Finance and IR Paul Hennessy - Chief Executive Officer Jarrod Yahes - Chief Financial Officer Conference Call Participants Curt Nagle - Bank of America Youssef Squali - Truist Securities Bernie McTernan - Needham & Company Matthew Cost - MS Andrew Boone - JMP Securities Operator Good day and thank you for standing by. Welcome to the Q3 2024 Shutterstock Incorporated Earnings Conference call.

Shutterstock, Inc. (SSTK) Q3 2024 Earnings Call Transcript

Shutterstock (SSTK) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.26 per share a year ago.

Shutterstock (SSTK) Q3 Earnings and Revenues Top Estimates

NEW YORK , Oct. 29, 2024 /PRNewswire/ -- GIPHY, the world's largest library of GIFs and stickers, is partnering with TikTok, the leading destination for short-form mobile video to enhance the platform's direct messaging experience with AI-powered GIF recommendations. GIPHY is a wholly-owned subsidiary of Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies.

GIPHY partners with TikTok to Power GIF Recommendations in New Direct Messaging Experience

Achieves Record Revenues and Adjusted EBITDA and Increases Guidance for 2024 Announces Departure of CFO and Appointment of Incoming CFO NEW YORK , Oct. 29, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced financial results for the third quarter ended September 30, 2024. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "Shutterstock generated record Revenue and Adjusted EBITDA during the third quarter, exceeding our expectations.

Shutterstock Reports Third Quarter 2024 Financial Results

NEW YORK , Oct. 7, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, will report its third quarter 2024 business and financial results on Tuesday, October 29, 2024, before the market opens. The company will host a conference call at 8:30 a.m.

Shutterstock to Report Third Quarter 2024 Earnings Results on October 29, 2024

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Interpreting Shutterstock (SSTK) International Revenue Trends

Shutterstock, Inc. (NYSE:SSTK ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Rik Powell - SVP, Finance & Investor Relations Paul Hennessy - Chief Executive Officer Jarrod Yahes - Chief Financial Officer Conference Call Participants Andrew Boone - JMP Securities Bernie McTernan - Needham & Company Robert Zeller - Truist Nitin Bansal - Bank of America Operator Good day, and thank you for standing by. Welcome to the Q2 2024 Shutterstock, Inc. Earnings Conference Call.

Shutterstock, Inc. (SSTK) Q2 2024 Earnings Call Transcript

Shutterstock (SSTK) came out with quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.07 per share a year ago.

Shutterstock (SSTK) Q2 Earnings Lag Estimates

NEW YORK , Aug. 6, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced financial results for the second quarter ended June 30, 2024. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "Shutterstock's second quarter results exceeded our expectations for revenue and adjusted EBITDA driven by exceptional growth in Data, Distribution and Services.

Shutterstock Reports Second Quarter 2024 Financial Results

AI Generator Now in Commercial Beta; Generates Realistic 3D Models in Minutes NEW YORK , July 30, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced the launch of its generative 3D API, giving enterprises a fast and ethical way to produce realistic 3D models with AI. This generative API, built on the multimodal NVIDIA Edify generative AI architecture, was trained exclusively on Shutterstock content, including more than half a million ethically-sourced 3D models, more than 650 million images and detailed Shutterstock metadata.

Shutterstock Launches First Ethical Generative 3D API

NEW YORK , July 22, 2024  /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, completed its previously announced acquisition of Envato Pty Ltd. ("Envato"), a leader in digital creative assets and templates.

Shutterstock Completes Acquisition of Envato

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NEW YORK , July 16, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, will report its second quarter 2024 business and financial results on Tuesday, August 6, 2024, before the market opens. The company will host a conference call at 8:30 a.m.

Shutterstock To Report Second Quarter 2024 Earnings Results on August 6, 2024

NEW YORK , July 9, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced that Jaime Teevan, Chief Scientist and Technical Fellow at Microsoft, has been appointed to the company's board of directors. Teevan is currently responsible for driving research-backed innovation in Microsoft's core products and previously held the role of Technical Advisor to Microsoft CEO Satya Nadella.

Shutterstock Appoints Microsoft's Jaime Teevan to Board of Directors

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New text-to-image diffusion model enables organizations to generate high-fidelity, trusted images SAN FRANCISCO and NEW YORK , June 12, 2024 /PRNewswire/ -- Databricks , the Data and AI company, and Shutterstock, Inc. , a leading global creative platform, today announced Shutterstock ImageAI, Powered by Databricks, a text-to-image Generative AI model optimized for enterprise use. Built using the advanced capabilities of Databricks Mosaic AI and trained exclusively on Shutterstock's world-class image repository, ImageAI generates customized, high-fidelity, trusted images that are tailored to specific business needs.

Introducing Shutterstock ImageAI, Powered by Databricks: An Image Generation Model Built for the Enterprise

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The average of price targets set by Wall Street analysts indicates a potential upside of 39.1% in Shutterstock (SSTK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 39.06% Upside in Shutterstock (SSTK): Can the Stock Really Move This High?

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News for Shutterstock Stock (SSTK)