Shutterstock (SSTK) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -18.25%. A quarter ago, it was expected that this online marketplace for royalty-free images and videos would post earnings of $0.92 per share when it actually produced earnings of $0.67, delivering a surprise of -27. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________________________________ FORM 10-Q ___________________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES E ...

Shutterstock Reports First Quarter 2025 Financial Results New York, NY - May 2, 2025 - 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 first quarter ended March 31, 2025. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "I am pleased to report that Shutterstock started the ye ...

Core Insights - Shutterstock reported strong financial performance in Q1 2025, with a 13% increase in total revenue year-over-year, reaching $242.6 million [3][11] - Content revenue grew by 17% to $202.9 million, accounting for 84% of total revenue, while revenue from Data, Distribution, and Services decreased by 2% to $39.7 million [3][4][11] - The company achieved a net income of $18.7 million, up from $16.1 million in Q1 2024, with diluted earnings per share increasing to $0.53 from $0.45 [5][11] Financial Highlights - Total revenue for Q1 2025 was $242.6 million, an increase of $28.3 million compared to Q1 2024 [3][11] - Content revenue increased by $29.1 million, or 17%, to $202.9 million, while Data, Distribution, and Services revenue decreased by $0.8 million, or 2%, to $39.7 million [3][4] - Net income rose to $18.7 million, with adjusted net income increasing to $36.3 million, reflecting a $3.2 million increase from the previous year [5][6][11] Adjusted Metrics - Adjusted EBITDA for Q1 2025 was $63.4 million, a 13% increase from $56.0 million in Q1 2024, maintaining an adjusted EBITDA margin of 26.1% [8][11] - Adjusted net income per diluted common share was $1.03, up from $0.92 in Q1 2024 [7][11] Cash Flow and Liquidity - Cash and cash equivalents increased to $112.2 million as of March 31, 2025, driven by $25.2 million in net cash from operating activities [9][11] - Adjusted free cash flow for Q1 2025 was $23.4 million, an increase of $12.1 million from Q1 2024 [13][11] Subscriber Metrics - The number of subscribers reached 1,079,000, significantly up from 499,000 in Q1 2024 [15][11] - Subscriber revenue increased to $109.9 million, with an average revenue per customer of $244 [15][11] Merger Activity - Shutterstock is in the process of merging with Getty Images, which is expected to create a leading visual content company [24][25]

NEW YORK, April 02, 2025 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (NYSE: GETY) and Shutterstock, Inc. (NYSE: SSTK) today announced the companies have each received a Request for Additional Information and Documentary Material (Second Request) from the U.S. Department of Justice (DOJ) in connection with Getty Images’ proposed merger with Shutterstock. The Second Request was issued under notification requirements of the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, as amended. The effect ...

I’m Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservative Magazine and the Quincy Institute for Responsible Statecraft. I have been writing investment analysis, with a focus on deep-discount value plays, for over 25 years. I I got my start analyzing securities for a stock-picking contest on the now defunct StockJungle in ...

Investors with an interest in Internet - Content stocks have likely encountered both Shutterstock (SSTK) and RELX PLC (RELX) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with ...

Have you assessed how the international operations of Shutterstock (SSTK) performed in the quarter ended December 2024? For this online marketplace for royalty-free images and videos, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial he ...

Shutterstock (SSTK) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -27.17%. A quarter ago, it was expected that this online marketplace for royalty-free images and videos would post earnings of $1.06 per share when it actually produced earnings of $1.31, delivering a surprise of 23.5 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was $935.262 million, an increase of 6.9% from $874.587 million in 2023[15] - Content revenue was $760.011 million, a slight increase from $737.264 million in 2023, while Data, Distribution, and Services revenue rose significantly to $175.251 million from $137.323 million[15] - Revenue increased from $827.8 million in 2022 to $874.6 million in 2023, and projected to reach $935.3 million in 2024, indicating a growth trend[121] Acquisitions and Mergers - The company completed the acquisition of Envato for approximately $250 million on July 22, 2024, enhancing its offerings in digital assets and templates[25] - The acquisition of Backgrid for approximately $20 million on February 1, 2024, expanded Shutterstock's editorial content capabilities in celebrity and live events[24] - The merger agreement with Getty Images, announced on January 6, 2025, includes cash consideration of $9.50 per share and 9.17 shares of Getty Images common stock for each share of Shutterstock[16] - The proposed Merger with Getty Images is subject to various closing conditions, including regulatory approvals and stockholder approval, which may delay or prevent completion[82] - The company faces risks related to the proposed merger with Getty Images, which could materially affect its financial condition and operating results[75] Customer Base and Engagement - Over 4.0 million customers in more than 150 countries licensed content in 2024, with 51% of revenue coming from North America[31] - The company’s diverse customer base is reflected in the fact that its top 25 customers accounted for less than 20% of total revenue in 2024[31] - The majority of customers engage through self-service digital properties, with subscription-based plans available on a monthly or annual basis[32] - The company has seen increased demand for monthly subscription products, allowing customers to download a fixed number of content licenses without incremental costs[33] Marketing and Customer Acquisition - The company’s marketing efforts, which include various digital strategies, have represented a significant percentage of revenue, driving customer acquisition[29] - Marketing efforts, including SEO and online advertising, have represented a significant percentage of revenue, driving customer acquisition[49] - The company’s brand awareness is crucial for attracting and retaining customers, and significant resources are allocated to advertising and marketing efforts[109] Technology and Innovation - Proprietary AI technology is used to evaluate content submissions efficiently, improving the review process and reducing time[36] - The company continuously invests in technology to enhance existing products and develop new services, viewing these investments as integral to long-term success[48] - The company is increasingly integrating AI into its offerings, which presents risks related to costs, market acceptance, and potential legal liabilities[115] Regulatory and Compliance Risks - The company is subject to evolving U.S. and foreign laws regarding privacy and data protection, including the GDPR and CCPA, which impose significant operational requirements and penalties for non-compliance[62] - The company is subject to various government regulations that may impact its business practices, including the Digital Millennium Copyright Act and the Digital Services Act[60] - The company faces potential regulatory investigations and fines due to evolving data privacy laws across various jurisdictions, which could adversely impact financial results[159] Competition and Market Environment - The company operates in a highly competitive industry with significant competitors including Getty Images, AdobeStock, and various free content providers[66] - The company faces intense competition from a diverse range of competitors, including established media companies and emerging AI technologies, which could adversely affect its operating results[97] - The company operates in a highly competitive industry with low barriers to entry, and failure to effectively compete could negatively impact operating results[94] Financial Obligations and Risks - The company has a credit facility that imposes covenants limiting its ability to incur debt and make investments, potentially affecting future capital raising efforts[136] - The company may face limitations in obtaining additional financing for working capital, capital expenditures, or acquisitions due to existing debt covenants[138] - The company’s ability to meet expenses and debt service obligations is contingent on future performance, which may be influenced by various financial and economic factors[138] Employee and Talent Management - The company has a workforce of 1,715 full-time employees as of December 31, 2024, up from 1,274 in 2023, with approximately 57% located in North America[67] - The company has implemented a Total Rewards program that includes competitive pay, medical benefits, and a 401(k) plan to attract and retain talent[69] - Competition for skilled personnel is intense, and failure to attract and retain key employees could hinder growth and operational effectiveness[129] International Operations and Risks - Approximately 55% of the company's revenue for the years ended December 31, 2024, 2023, and 2022 was derived from customers located outside of the United States[174] - The company faces significant foreign exchange risk due to operations in multiple currencies, including the euro, British pound, Australian dollar, and Japanese yen[177] - The company is exposed to risks associated with international operations, including legal and regulatory challenges in foreign markets[175] Intellectual Property and Legal Matters - The company has a portfolio of trademarks and copyrights that are crucial for its business and marketing efforts[57] - The company has successfully recovered infringing domain names in the past and intends to continue enforcing its intellectual property rights[57] - The evolving legal frameworks regarding intellectual property could expose the company to significant indemnification liabilities and third-party claims[149] Economic and Market Conditions - Economic conditions significantly influence advertising spending, which directly affects the company’s revenue and ability to attract new customers[113] - The company’s operating results may fluctuate due to discretionary customer expenditures influenced by economic conditions[70] Shareholder and Stock Information - Following the merger, Getty Images stockholders will hold approximately 54.7% of the combined company, while the company's stockholders will hold about 45.3%[202] - The company has authorized a share repurchase program of up to $100 million, with $30.2 million remaining as of December 31, 2024[205] - The stock price of the company has fluctuated between $25.13 and $128.36 since 2015, indicating potential volatility[198]