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.

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The NMC welcomes Shutterstock advocacy alongside other major news enterprises for freedom of the press, shaping public policy and advancing independent editorial coverage  NEW YORK , July 7, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and creative workflow solutions for brands, businesses and media companies, today announced that it has joined the News Media Coalition (NMC), an international industry organization comprising global news brands, including major news publishers and news agencies. The NMC's mission is to safeguard independent news-gathering opportunities, ensuring legal intellectual property rights are respected, as well as negotiate best practice arrangements for members' news operations and content freedoms.

SHUTTERSTOCK JOINS THE BOARD OF THE NEWS MEDIA COALITION

NEW YORK , June 30, 2022 /PRNewswire/ --  Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and creative workflow solutions for brands, businesses and media companies, will report its second quarter 2022 business and financial results on Tuesday, July 26, 2022 before the market opens. The company will host a conference call at 8:30 a.m.

Shutterstock To Report Second Quarter 2022 Earnings Results on July 26, 2022

Includes Interactive 3D Animated Entrance Installation, Exclusive Portrait Studio and 3D Marketplace Showcase NEW YORK , June 17, 2022 /PRNewswire/ -- Shutterstock, Inc.  (NYSE: SSTK), one of the leading global creative platforms for transformative brands and media companies, today announced it will be bringing a multi-dimensional immersive experience to this year's Cannes Lions festival. As the world's largest 3D marketplace, Shutterstock, powered by TurboSquid is curating a colorful and futuristic experience featuring AR, VR and 3D elements that will highlight its impressive collection and capabilities.

DEFY DIMENSIONS WITH SHUTTERSTOCK'S 3D GALLERY EXPERIENCE POWERED BY TURBOSQUID AT CANNES LIONS

The end-to-end content creation and production solution is now producing original content for consumer entertainment clients, including a docu-series following racing legend Jimmie Johnson and a documentary featuring famed celebrity photographer Miles "Diggzy" Diggs NEW YORK , June 16, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK ), a leading global creative platform for transformative brands and media companies, today announced that Shutterstock Studios, the company's creative and production arm, is broadening its offering to include original documentary films and series. "Since Shutterstock Studios' inception in November 2020, the team has rapidly established itself as a key player in the industry, and as a premier end-to-end creative content solution partnering with some of the world's biggest brands and companies like Amazon, ITV, BBC and Microsoft," said Jamie Elden, Chief Revenue Officer at Shutterstock.

SHUTTERSTOCK STUDIOS ANNOUNCES ITS EXPANSION INTO LONG AND SHORT-FORM DOCUMENTARY FILMMAKING

This acquisition bolsters Shutterstock Editorial's Newsroom offering with a global photographer network of 4000+ contributors, and an archive of over 27 million images across celebrity, red carpet and live events NEW YORK , May 31, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), the leading global creative platform for transformative brands and media companies, today announced the acquisition of Splash News, one of the world's leading entertainment news networks for newsrooms and media companies. A leading source for image and video content across celebrity, red carpet and live events for over three decades, Splash News is an industry leader with customers including E!

SHUTTERSTOCK ACQUIRES SPLASH NEWS, ONE OF THE WORLD'S LEADING ENTERTAINMENT NEWS NETWORKS

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The acquisition solidifies Shutterstock's position as the marketplace leader for premium editorial and commercial video and music content for creative professionals and enterprises NEW YORK, May 11, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), the leading global creative platform for transformative brands and media companies, today announced the acquisition of Pond5, the world's largest video-first content marketplace for filmmakers, media organizations, and marketers worldwide. Pond5 is the world's leading online marketplace for royalty-free and editorial video, with customers including Netflix, Disney, NBC, BBC, Discovery Channel and The Wall Street Journal.

SHUTTERSTOCK ACQUIRES POND5, THE WORLD'S LARGEST VIDEO MARKETPLACE

NEW YORK , May 11, 2022 /PRNewswire/ -- Shutterstock, Inc.  (NYSE: SSTK) ("the Company"), the leading global creative platform for transformative brands and media companies, today announced that Paul Hennessy has been named Chief Executive Officer, effective July 1, 2022. Mr. Hennessy, a Company Board member since 2015, succeeds Jon Oringer, Shutterstock's founder, who is currently serving as Interim Chief Executive Officer.

SHUTTERSTOCK APPOINTS PAUL HENNESSY CHIEF EXECUTIVE OFFICER

The partnership provides Shutterstock with the exclusive rights to capture, license and distribute content from Advertising Week global, in-person events throughout the year. NEW YORK , April 29, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), the leading global creative platform for transformative brands and media companies, today announced an exclusive photography partnership with Advertising Week for all global events in 2022.

Shutterstock Announced As Exclusive Global Photography Partner For Advertising Week Events in 2022

Shutterstock Inc (NYSE: SSTK) reported first-quarter FY22 sales growth of 8.6% year-on-year to $199.13 million, missing the consensus of $202.11 million. Average revenue per customer increased 4% to $355, and revenue per download rose 7% to $4.22.

Shutterstock Q1 Top-Line Misses Street View

Shutterstock (SSTK) delivered earnings and revenue surprises of 16.28% and 1.26%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Shutterstock (SSTK) Tops Q1 Earnings Estimates

NEW YORK , April 26, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), the leading global creative platform for transformative brands and media companies, today announced financial results for the first quarter ended March 31, 2022. Commenting on the Company's performance, Stan Pavlovsky, the Company's Chief Executive Officer, said, "We had a solid start to 2022 with continued profitable revenue growth.

Shutterstock Reports First Quarter 2022 Financial Results

The Company names Jason McClelland as the new Chief Marketing Officer, and Christopher 'Skip' Wilson as the new Vice President, Brand Marketing NEW YORK , April 25, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), the leading global creative platform for transformative brands and media companies, today announced Jason McClelland is joining the Company's leadership team and Executive Committee as Chief Marketing Officer (CMO), and Christopher 'Skip' Wilson is joining as the Company's Vice President of Brand Marketing. As CMO, Jason brings over two decades of experience, including leadership roles at SaaS leaders Adobe and Salesforce, as well as serving as Chief Marketing Officer at hyper-growth startups Algolia, Domino Data Lab, and Heroku.

SHUTTERSTOCK APPOINTS CHIEF MARKETING OFFICER AND VICE PRESIDENT OF BRAND MARKETING

NEW YORK , March 29, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and creative workflow solutions for brands, businesses and media companies, will report its first quarter 2022 business and financial results on Tuesday, April 26, 2022 before the market opens. The company will host a conference call at 8:30 a.m.

Shutterstock To Report First Quarter 2022 Earnings Results on April 26, 2022

Commemorating a decade of its annual Oscar Pop! series, Shutterstock's in-house creative team accessed the platform's collection of over 400 million creative assets to produce original pop art style artwork NEW YORK, March 23, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and creative workflow solutions for brands, businesses and media companies, today announced the release of 10 bespoke pop art movie posters in its decade-long annual  Oscar Pop!

Celebrating the Oscar Nominated Best Picture Films, Shutterstock Artists Recreate Film Posters For The Oscar Pop! 10 Year Anniversary

Shutterstock, Inc.'s (SSTK) CEO Stan Pavlovsky on Q4 2021 Results - Earnings Call Transcript

NEW YORK, Feb. 10, 2022 /PRNewswire/ --  Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering full-service solutions, high-quality content, and creative workflow solutions for brands, businesses and media companies, today announced financial results for the fourth quarter and full year ended December 31, 2021. Commenting on the Company's performance, Stan Pavlovsky, the Company's Chief Executive Officer, said,  "We ended 2021 with solid performance, driven by our Enterprise sales execution and continued popularity in our subscription products.

Shutterstock Reports Fourth Quarter and Full Year 2021 Financial Results

Shutterstock (SSTK) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Shutterstock (SSTK) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Shutterstock named a "Best Place to Work for LGBTQ+ Equality" with a top score of 100 NEW YORK, Jan. 27, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses and media companies, today announced that the Human Rights Campaign (HRC) has ranked Shutterstock as a "Best Place to Work for LGBTQ+ Equality," after achieving a perfect score of 100 on the Human Rights Campaign Foundation's 2022 Corporate Equality Index, the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. "We are incredibly proud to receive a perfect score on the Human Rights Campaign Corporate Equality Index for 2022," said Meeckel Beecher, Global Head of Diversity, Equity and Inclusion at Shutterstock.

Shutterstock Earns Perfect Score in Human Rights Campaign's 2022 Corporate Equality Index

Shutterstock Inc. SSTK, +4.83% announced a 14% dividend rise on Tuesday to 24 cents per share, payable on March 17 to shareholders of record as of the close of business on March 3. Shutterstock shares have rallied 34.6% over the past year, outpacing the S&P 500 index SPX, +0.28% , which is up 14.4% for the period.

Shutterstock raises quarterly dividend by 14%

NEW YORK, Jan. 25, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses and media companies, today announced that its Board of Directors has declared a cash dividend of $0.24 per share of outstanding common stock on January 24, 2022, payable on March 17, 2022, to stockholders of record at the close of business on March 3, 2022.  This represents an increase of approximately 14% over the previous quarterly dividend of $0.21 per share of outstanding common stock.

Shutterstock Increases Quarterly Dividend by 14% to $0.24 per share

NEW YORK, Jan. 19, 2022 /PRNewswire/ --  Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses and media companies, today announced the launch of its annual Creative Trends Report . Based on search data from Shutterstock's global users, this year's interactive report foresees the themes of time and space dominating creative projects and marketing campaigns in 2022.

Shutterstock Predicts Top Creative Trends For 2022

NEW YORK, Jan. 14, 2022 /PRNewswire/ --  Shutterstock, Inc.  (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses and media companies, will report its fourth quarter 2022 business and financial results on Thursday, February 10, 2022 before the market opens. The company will host a conference call at 8:30 a.m.

Shutterstock To Report Fourth Quarter 2021 Earnings Results on February 10, 2022

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