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.

Shutterstock Inc (NYSE: SSTK) ended nearly 10% up on Tuesday after announcing a new six-year deal with the company behind ChatGPT. Details of the new partnership Under the expanded agreement, the New York based company will grant OpenAI access to its library of videos, images, and music.

Shutterstock shares jump on expanded partnership with OpenAI

Shutterstock today announced that it plans to expand its existing deal with OpenAI to provide the startup with training data for its AI models. Over the next six years, OpenAI will license data from Shutterstock including images, videos and music as well as any associated metadata.

Shutterstock expands deal with OpenAI to build generative AI tools

Shutterstock shares pop as company expands partnership with OpenAI

Shutterstock delivering industry-forward experiences, powered by OpenAI NEW YORK , July 11, 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 the expansion of its partnership with OpenAI, a pioneer in artificial intelligence. Through a new six-year agreement, Shutterstock is set to solidify its position as a leading provider of high-quality training data for OpenAI models, propelling transformative capabilities for brands, digital media, and marketing companies.

Shutterstock Expands Partnership with OpenAI, Signs New Six-Year Agreement to Provide High-Quality Training Data

Shutterstock (SSTK) provides indemnification to its enterprise clients for the creation of AI-generated images.

Shutterstock (SSTK) Gives Indemnification for AI Image Creation

Enables worry-free AI image licensing for enterprise customers and continues to compensate hundreds of thousands of artists through Shutterstock's AI-specific Contributor Fund NEW YORK , July 6, 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 offering to provide Enterprise customers with full indemnification for the license and use of generative AI images on its platform. Shutterstock will fulfill indemnification requests on demand via human review with the intent to protect its customers against potential claims related to their use of generative AI images created and licensed on shutterstock.com.

Shutterstock Offers Enterprise Customers Indemnification for AI Image Creation

NEW YORK , July 6, 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 second quarter 2023 business and financial results on Tuesday, August 1, 2023 before the market opens. The company will host a conference call at 8:30 a.m.

Shutterstock To Report Second Quarter 2023 Earnings Results on August 1, 2023

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Awarded work ranges across gold, silver and bronze levels, multiple client categories and areas of production expertise NEW YORK , June 13, 2023 /PRNewswire/ --  Shutterstock Studios , a division of Shutterstock, Inc. (NYSE: SSTK) offering end-to-end solutions for global production, including photography, video, animation, virtual production and 3D needs, announced today it has won 15 awards across Gold, Silver and Bronze levels in the 44th Annual Telly Awards. In a highly competitive year for the Telly Awards, Shutterstock Studios' winning work with big brands like Allergan, Lenovo, Carvana, Bayer, and more, illustrates the breadth, depth, and impact of its global production and creative services across branded and unbranded projects and documentary storytelling.

Shutterstock Studios Sweeps 44th Annual Telly Awards with 15 Wins

NEW YORK , June 8, 2023 /PRNewswire/ -- Shutterstock (NYSE: SSTK), a leading global creative platform for transformative brands, newsrooms and media companies, today announced the launch of the brand new Shutterstock Editorial platform, including offering Editorial Subscriptions for the very first time. This centralized destination offers the entire Shutterstock Editorial offering with more than 90 million assets across entertainment, breaking news, sports and archival already available and 700,000 new assets added each month.

Shutterstock Introduces Flexible Editorial Subscription Packages Across Entertainment, Breaking News, Sports and Archival Content

Share Repurchase Program Reflects Company's Strong Free Cash Flow Generation, Healthy Balance Sheet and Commitment to Delivering Shareholder Value NEW YORK , June 7, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a premier partner for transformative brands, digital media and marketing companies, today announced that its Board of Directors has approved a stock repurchase program, pursuant to which the Company is authorized to purchase up to $100 million of its common stock. The Company expects to fund repurchases through a combination of cash on hand, cash generated by operations and future financing transactions.

Shutterstock Announces Share Repurchase Program

Shutterstock (SSTK) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -22.31% in 4 Weeks, Here's Why Shutterstock (SSTK) Looks Ripe for a Turnaround

Meta Platforms books 87% loss on Giphy in forced sale to Shutterstock

Shutterstock is said today it's buying Gipy from Meta Platforms for $53 million in cash with the deal expected to close in June. Giphy has world's largest collection of GIFs and stickers. The U.K.

Facebook Parent Meta Sells Giphy To Shutterstock For $53 Million Under Pressure From UK Regulator

Shutterstock shares advanced in early trading on Tuesday morning after the provider of stock footage said it was buying animated images platform Giphy from Meta Platforms (META) for $53 million.﻿

Meta Sells Giphy To Shutterstock For $53 Million In UK Regulator Ordered Sale

The photo repository company is paying Facebook's parent $53 million, hundreds of millions less that what Meta paid.

Meta Sells Giphy to Shutterstock, Ending U.K. Antitrust Fight

SAN MATEO, Calif.--(BUSINESS WIRE)--Vyond, the leader in AI-powered video creation, today announced an API integration with Shutterstock, the leading global creative platform. Vyond users will be able to discover and use Shutterstock content directly within the Vyond platform, empowering them to create even more engaging and effective videos for training, eLearning, HR, internal comms, and sales/marketing applications. “The addition of Shutterstock assets to our platform is part of our ongoing.

Vyond Announces Shutterstock Integration To Add Millions of New Visual and Audio Assets into its Video Creation Platform

Meta is selling Giphy at a loss to Shutterstock for $53 million after buying the social media animated images company in a 2020 deal reported to be worth between $315 million and $400 million.  The UK's competition watchdog, the Competition and Markets Authority, issued a final order in October 2022 to Meta requiring the social media company to sell Giphy on the grounds that Meta's acquisition of Giphy unlawfully reduced competition.

Meta sells Giphy at a loss to Shutterstock

Meta acquired the popular platform in 2020 for $315 million but was ordered to divest the company by the U.K.'s competition authority.

Meta sells Giphy to Shutterstock at a loss in a $53 million deal

Shares of Shutterstock Inc. SSTK, +3.55% rallied 4.4% in premarket trading Tuesday, after the digital media and marketing company announced an agreement to buy GIF and stickers company Giphy Inc. from Meta Platforms Inc. META, +1.09% for $53 million in cash. Meta shares slipped 0.2% ahead of the open.

Shutterstock to buy Giphy from Meta Platforms for $53 million in cash

Adds a mobile content platform with 1.7 billion daily users and global partners including Instagram, Facebook, WhatsApp, Microsoft, TikTok, Samsung, Twitter, Slack and Discord NEW YORK , May 23, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a premier partner for transformative brands, digital media and marketing companies, today announced that it entered into a definitive agreement to acquire GIPHY, Inc. from Meta Platforms, Inc. GIPHY is the world's largest collection of GIFs and stickers that supplies casual conversational content. GIPHY's vast library of GIFs and stickers draws more than 1.3 billion search queries on a daily basis and powers more than 15 billion daily media impressions.

Shutterstock to Acquire GIPHY, the World's Largest GIF Library and Search Engine

Shutterstock's transition to a subscription based model modernizes the business. The OpenAI partnership gives SSTK a strategic advantage over its competition.

Shutterstock: All Eyes Toward The Future Of Generative AI

Shutterstock, Inc. reported its Q1 2023 financial results recently. The firm provides still image, audio, video and AI generated content worldwide.

Shutterstock Races To Build Generative AI Business As Growth Slows

Global Creative Platform and AI Leader Forges Path for Tech Community to Develop and Integrate Responsible AI Practices and Procedures NEW YORK , May 17, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform for transformative brands, and digital media and marketing companies, today announced a global partnership with AI for Good to support the development of ethical AI models, tools, products and solutions. AI for Good is organized by the International Telecommunication Union (ITU), the United Nations specialized agency for information and communication technologies, in partnership with 40 UN Sister Agencies and co-convened with Switzerland.

Shutterstock and ITU's AI for Good Collaborate to Advance Responsible AI

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