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.

NEW YORK, Nov. 29, 2021 /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 a collaboration with distinguished global visual artist, Bradley Theodore, for an exclusive and immersive Art Basel Miami Beach fringe event. The two-day collaborative exhibition will kick-off with an exclusive VIP launch party at a private bungalow at the W South Beach on December 1.

Shutterstock Collaborates With Acclaimed Artist Bradley Theodore For Exclusive Exhibition At Art Basel Miami Beach

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NEW YORK, Nov. 17, 2021 /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 Color Trends Report . By analyzing millions of image downloads and pixel data, the report identifies the three most rapidly-growing colors, as well as trending favorites in twenty countries around the globe.

Shutterstock Releases Its 2022 Color Trends Report

NEW YORK, Nov. 11, 2021 /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 promotion of Meghan Schoen to Chief Product Officer (CPO). As CPO, Schoen will spearhead the development and execution of Shutterstock's product vision.

Shutterstock Promotes SVP of Product Meghan Schoen to Chief Product Officer

Shutterstock Inc. SSTK, +1.44% announced Tuesday that it has partnered with office supply and service retailer Staples to provide a library of images, editing tools and services that will help small businesses with their marketing materials. Shutterstock has millions of images in its holdings, and Staples has more than 1,000 locations and an e-commerce site that customers can access these services from.

Shutterstock partners with Staples for small business service

NEW YORK, Nov. 9, 2021 /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 a new partnership with Staples US Retail. Through this multifaceted partnership with Shutterstock, Staples US Retail is expanding its turnkey design experiences to include a vast content library, simple image editing tools, and managed services to help customers create compelling marketing materials with confidence — both in-store and online.

Shutterstock And Staples US Retail Join Forces To Power A New Interactive Design Experience For Small Business Owners

Shutterstock, Inc.'s (SSTK) CEO Stan Pavlovsky on Q3 2021 Results - Earnings Call Transcript

NEW YORK, Oct. 26, 2021 /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 two new applications for Enterprise: Catalog and P lan, Music Match Tool, and a new eCommerce mixed-asset subscription, FLEX 25 as part of its Quarterly Product Update. These new product launches represent meaningful progress towards Shutterstock's three strategic pillars: workflow innovation, fresh and relevant content, and data and insights to drive performance.

Shutterstock Introduces New Workflow Applications, Data-Enabled Features and Flexible Subscriptions To Transform The Customer Creative Journey

NEW YORK, Oct. 26, 2021 /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 financial results for the third quarter ended September 30, 2021. Commenting on the Company's performance, Stan Pavlovsky, the Company's Chief Executive Officer, said, "In the third quarter, Shutterstock experienced strong revenue growth bolstered by continued momentum in our Enterprise channel.

Shutterstock Reports Third Quarter 2021 Financial Results

NEW YORK, Oct. 18, 2021 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service production solutions, high-quality content, and applications for brands, businesses and media companies, today announced an exclusive photography partnership with Advertising Week New York, the world's largest annual gathering of marketing, media and technology leaders. This flagship event will take place from October 18 to October 21, 2021 at Hudson Yards in New York City, and will feature thought leadership from leading industry professionals across advertising, marketing and creative industries, networking opportunities and A-list music and comedy performances.

Shutterstock Announced As Exclusive House Photography Partner For Advertising Week New York 2021

Shutterstock (SSTK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Shutterstock (SSTK) Hits Fresh High: Is There Still Room to Run?

NEW YORK, Sept. 28, 2021 /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 third quarter 2021 business and financial results on Tuesday, October 26, 2021 before the market opens.

Shutterstock To Report Third Quarter 2021 Earnings Results on October 26, 2021

NEW YORK, Sept. 15, 2021 /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 new brand campaign and TV commercial, 100% Shutterstock.

Shutterstock Launches National TV Campaign, 100% Shutterstock, Leading Brand Refresh

Shutterstock has been performing well on all fronts. The move to a subscription model is funnily enough only accelerating growth alongside the pandemic, accompanied by real bottom-line margin gains.

Shutterstock: Image The Images

NEW YORK, Sept. 10, 2021 /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 an exclusive sponsorship with Experience the Times of Bill Cunningham , an immersive installation opening in The Seaport, New York City on September 12 during New York Fashion Week.

Shutterstock Announced As Exclusive Sponsor Of "Experience The Times Of Bill Cunningham" Exhibit At New York Fashion Week

NEW YORK, Sept. 9, 2021 /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 FLEX Premium, a new product driving flexibility, creativity, and diversified asset access for small- and medium-sized businesses (SMBs).

Shutterstock Launches FLEX Premium, Offering Greater Creative Flexibility To Small- And Medium-Sized Businesses

Publicly-traded photography giant Shutterstock has acquired PicMonkey, a Seattle startup founded nine years ago that provides online photo editing and graphic design tools.

Shutterstock pays $110M to acquire PicMonkey, a photo editing and graphic design software maker

NEW YORK, Sept. 7, 2021 /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 acquisition of PicMonkey, a leading online graphic design and image editing platform that enables creators of any skill level to design high-quality visual assets -- from presentations, advertisements and logos, to business cards and banners -- for an array of use cases, including digital marketing, advertising, and social media posts.

Shutterstock Acquires PicMonkey, A Leading Creative Design Platform

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NEW YORK, Aug. 26, 2021 /PRNewswire/ --  Shutterstock, Inc.  (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced the launch of Rights and Clearance, a dedicated service for Shutterstock's global customer base that obtains third party permissions across the entire portfolio of assets for promotional use in advertisements, social campaigns, marketing materials and more, enabling our customers to create with confidence. Shutterstock's Rights and Clearance service connects Shutterstock's customers with a team of global experts for seamless and efficient content clearing and permissions across an array of promotional uses.

Shutterstock Editorial Launches Rights And Clearance Service

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Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. This week, our deep-learning algorithms have identified Shutterstock among others.

Shutterstock Among This Week's Small And Mid-Cap Securities

NEW YORK, Aug. 12, 2021 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced an API integration with OpenText. The integration will offer Shutterstock Enterprise and OpenText customers direct access to 380M+ high-quality Shutterstock images via OpenText Media Management.

Shutterstock Announces Integration With OpenText, A Worldwide Leader In Digital Asset Management

Shutterstock (SSTK) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Looking for a Growth Stock? 3 Reasons Why Shutterstock (SSTK) is a Solid Choice

NEW YORK, July 29, 2021 /PRNewswire/ --  Shutterstock, Inc.  (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced the availability of its data (images, 3D, video and associated metadata) on AWS Data Exchange, a service that makes it easy to find, subscribe to, and use third-party data in the cloud. The announcement follows the launch of Shutterstock.AI, a newly formed subsidiary with insights and data at the heart of its mission.

Shutterstock.AI Launches Data On AWS Data Exchange To Advance Computer Vision Solutions

Shutterstock, Inc. (SSTK) CEO Stan Pavlovsky on Q2 2021 Results - Earnings Call Transcript

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