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.

As the first to bring commercially safe AI to the industry, Shutterstock TRUST serves as a guide for brands and agencies seeking a framework for responsible AI NEW YORK , Nov. 9, 2023 /PRNewswire/ --  Shutterstock, Inc.  (NYSE: SSTK), a leading global creative platform connecting brands and businesses to quality content, today announced TRUST , an official guiding framework that embodies Shutterstock's long-standing values and commitment to using AI responsibly in its products and workflows. TRUST, an acronym for Training, Royalties, Uplift, Safeguards and Transparency, reflects the core commitments that Shutterstock has actively upheld over the last two decades.

Shutterstock Unveils TRUST, its Best-in-Class Approach for Ethical AI

Shares of Shutterstock NYSE: SSTK are down 7.5% during the middle of Wednesday's trading session; some can blame it on the fact that the ISM Manufacturing PMI came in much lower than the markets were expecting, signaling a reasonable concern for the economy; some may blame it on the FOMC meeting pointing to higher rates for longer.

As Shutterstock earnings push on, can the stock reach $80?

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Shutterstock stock was down because investors were afraid that generative AI applications would eat its lunch. Certain performance metrics for the company are going down.

Here's Why Shutterstock Stock Skyrocketed Today

Shutterstock, Inc. (SSTK) Q3 2023 Earnings Call Transcript

NEW YORK , Oct. 31, 2023 /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, 2023. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "In the third quarter, Shutterstock's data and creative engines fueled faster growth and furthered the transformation of our business.

Shutterstock Reports Third Quarter 2023 Financial Results

See the Power of Shutterstock's Massive, High-Quality Content Library   NEW YORK , Oct. 27, 2023 /PRNewswire/ -- Shutterstock, Inc. today announced that it will host the second in its ongoing series of virtual showcase events, Shutterstock Showcase: Creative AI. Leveraging the global creative platform's high-quality content library of more than 700 million stock images and full-service creative workflow solutions, Shutterstock Showcase will offer transformative brands, digital media and marketing companies an inside look at the infinite possibilities created by the platform's newly announced creative AI-powered editing features.

NOVEMBER 9: Shutterstock Showcase: Creative AI

NEW YORK , Oct. 26, 2023 /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 new creative AI-powered editing features and the potential for infinite options to refine and perfect images available in the company's high-quality library of more than 700 million stock images. "This is an unprecedented offering in the stock photography industry," said Paul Hennessy, Chief Executive Officer for Shutterstock.

Shutterstock Integrates Creative AI into Library of 700M Images to Offer First-Ever Marketplace of Fully Customizable Stock

Shutterstock (SSTK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Shutterstock (SSTK) to Report a Decline in Earnings: What to Look Out for

Shutterstock, Inc. operates globally, providing diverse visual and audio content, facing fierce competition from tech giants. Projected revenue growth rates at 5% CAGR for 2023 depict an uphill battle in a saturated market. Valued at 8x forward EPS, Shutterstock stock prices reflect uncertainty amid modest growth prospects and intense competition.

Shutterstock: Evaluating Its Valuation Amidst Fierce Competition

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Realty Income's monthly dividend has become very attractive after a substantial stock price decline. Shutterstock is an excellent pick for investors who want a cheap way to bet on generative AI content licensing.

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NEW YORK , Oct. 5, 2023 /PRNewswire/ --  Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality content and full-service creative workflow solutions for transformative brands, digital media and marketing companies, will report its third quarter 2023 business and financial results on Tuesday, October 31, 2023 before the market opens. The company will host a conference call at 8:30 a.m.

Shutterstock To Report Third Quarter 2023 Earnings Results on October 31, 2023

Not very often do investors get the opportunity to buy an industry leader at a discount; today, shares of Shutterstock NYSE: SSTK are bringing what could be the deal of the cycle, yet people need to be talking about it. Is there any reason for the secrecy?

Shutterstock is the Value Stock they don't want you to know about

Shutterstock's revenue is slowing down and the company is being re-priced as a maturing company. Profitability, user engagement and low to no debt are still strong areas for the company. There's no shortage of growth opportunities, but the current environment makes it hard to expect growth until 2025.

Shutterstock's Earnings Show Its Value As A Maturing Company

NEW YORK , Aug. 15, 2023 /PRNewswire/ --  Shutterstock, Inc.  (NYSE: SSTK), a leading global creative platform offering high-quality content and full-service creative workflow solutions for transformative brands, digital media and marketing companies, today announced that Aimee Egan joined the Company's leadership team and Executive Committee as the Global Head of Enterprise, effective August 7, 2023. With more than 20 years of global executive experience in B2B sales, marketing and general management, Aimee will sit at the helm of Shutterstock's powerful Enterprise function, including its Sales, Editorial, Studios and Business Development divisions, to drive growth at scale, provide best-in-class customer experience and bring innovative solutions to the marketplace.

Shutterstock Appoints Aimee Egan as First-Ever Global Head of Enterprise

Leading innovators in 3D NeRF Technology, Luma Labs AI and RECON Labs' 3Dpresso, to explore development and 3D asset publishing on Shutterstock's Turbosquid platform Volinga AI to explore licensing and distribution of NVOL library assets and collaboration with Shutterstock on first-ever network of creators to produce on-demand NVOL environments  LOS ANGELES , Aug. 8, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality content and full-service creative workflow solutions for transformative brands, digital media and marketing companies, today announced its intent to sign three distinct collaboration deals with Luma Labs AI, RECON Labs and Volinga AI, leading startup innovators in emerging neural radiance fields (NeRF) technology. The companies announced their respective plans at this week's SIGGRAPH 2023, the 50th Annual International Conference and Exhibition on Computer Graphics and Interactive Techniques.

Shutterstock Collaborates to Bring NeRF Generative AI Technology to 3D Creators Globally

Shutterstock, Inc. (NYSE:SSTK ) Q2 2023 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants Chris Suh - VP, IR and Corporate Development Paul Hennessy - CEO Jarrod Yahes - CFO Conference Call Participants Bernie McTernan - Needham and Company Andrew Boone - JMP Securities Operator Good day and thank you for standing by. Welcome to the Second Quarter 2023 Shutterstock, Inc. Earnings Conference Call.

Shutterstock, Inc. (SSTK) Q2 2023 Earnings Call Transcript

Shutterstock (SSTK) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.83 per share a year ago.

Shutterstock (SSTK) Surpasses Q2 Earnings Estimates

NEW YORK , Aug. 1, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a premier partner for transformative brands, digital media and marketing companies, today announced financial results for the second quarter ended June 30, 2023. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "I'm pleased to report that, as reflected in our second quarter results and our revised full year outlook, Shutterstock is not only adapting but that it is thriving in this dynamic environment.

Shutterstock Reports Second Quarter 2023 Financial Results

Shutterstock to help create mechanism to address misinformation and offer precise detail on the authenticity and provenance of content at scale NEW YORK , July 25, 2023 /PRNewswire/ --  Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality content and full-service creative workflow solutions for transformative brands, digital media and marketing companies, today announced its participation in the Content Authenticity Initiative (CAI) . Through its participation, Shutterstock will support the CAI's goal of addressing the prevalence of misleading information online through the implementation of technical standards for certifying the source and history of media content by integrating Content Credentials.

Shutterstock Joins the Content Authenticity Initiative

Shutterstock Editorial Continues Investment in Sports Photography, Capturing the Heart of the Action and Excitement of Tottenham Hotspur Games for Fans Across the Globe NEW YORK , July 13, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a premier partner for transformative brands, digital media and marketing companies, today announced its official photography supplier relationship with Premier League football club Tottenham Hotspur. Beginning July 13, 2023, Shutterstock will serve as the Official Photography Supplier for all Tottenham Hotspur matches, as well as represent its archive featuring iconic images, behind the scenes shots and the fan community at large.

Shutterstock Becomes the Official Photographic Imagery Supplier of Premier League Football Club Tottenham Hotspur

Shutterstock (SSTK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Shutterstock (SSTK): Can Its 9.1% Jump Turn into More Strength?

Shutterstock can't afford to lose subscribers to generative AI applications, but it also can't risk upsetting its base of contributors. By partnering with OpenAI, the company can provide AI tools while still ensuring its contributors are compensated, which could keep both parties happy.

Does Shutterstock's New Partnership With OpenAI Make the Stock a Buy?

The market for Shutterstock NASDAQ: SSTK stock is down 60% from its highs, but the bottom is finally in. The stock is among the most over-sold on Wall Street and shows signs of a budding reversal that could send the market back to its pandemically-inspired highs.

News for Shutterstock Stock (SSTK)