Key TakeawaysGetty Images and Shutterstock are teaming up in what Getty called a merger of equals.The deal between the two providers of stock images and video is designed to meet the changing needs of the creative, media, and ad industries.The agreement calls for Shutterstock shareholders to have the option to receive cash, Getty Images stock, or a combination of both. Shares of Getty Images Holdings (GETY) and Shutterstock (SSTK) soared well over 20% apiece Tuesday when the two providers of stock images an ...

Image library companies Getty Images (GETY 26.46%) and Shutterstock (SSTK 23.56%) are merging, sending shares of both companies soaring in morning trading Tuesday. As of 10:15 a.m. ET, Getty stock is up a solid 24.5%, with Shutterstock gaining a nearly as impressive 22.5%.Getty-Shutterstock merger detailsThe companies announced their plans to merge to create "a premier visual content company" early this morning, saying they expect a merger to cut out between $150 million and $200 million in unnecessary cost ...

Getty Images and Shutterstock will merge to create a giant company focused on photos and other visual content in a deal valued at $3.7 billion, the two firms announced on Tuesday.The companies — whose tie-up comes as photographs and other still images are facing a surge of fresh competition from images created by artificial intelligence — said Tuesday that they have complementary portfolios and that a merger will provide customers with a broader array still imagery, video, music, 3D and other media.Getty an ...

Getty Images has announced plans to merge with its rival Shutterstock in a cash-and-stock deal. The combined entity is expected to be valued at $3.7 billion based on yesterday’s closing share prices. This announcement confirms earlier reporting from Bloomberg.Both companies offer stock photos and video footage that can be licensed and reused. This content is commonly used by news organizations, film and documentary makers, ad agencies, marketing firms and more. Getty Images is the bigger company of the two ...

Shutterstocks' partnership with Lightricks is the first of a new data licensing approach that builds new ways for training AI modelsJERUSALEM and NEW YORK, Dec. 13, 2024 /PRNewswire/ -- Lightricks, a global leader of AI-powered creative technology, today announced it is partnering with Shutterstock, Inc. (NYSE: SSTK) to license and use Shutterstock's extensive video asset library. This collaboration will empower Lightricks to train its open-source video generation model, LTX Video (LTXV), using high-quality ...

Shutterstock, Inc. (NYSE:SSTK) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Rik Powell - Senior Vice President, Finance and IR Paul Hennessy - Chief Executive Officer Jarrod Yahes - Chief Financial Officer Conference Call Participants Curt Nagle - Bank of America Youssef Squali - Truist Securities Bernie McTernan - Needham & Company Matthew Cost - MS Andrew Boone - JMP Securities Operator Good day and thank you for standing by. Welcome to the Q3 2024 Shutterstock Incorpo ...

Core Viewpoint - Shutterstock reported quarterly earnings of $1.31 per share, exceeding the Zacks Consensus Estimate of $1.06 per share, and showing an increase from $1.26 per share a year ago, representing an earnings surprise of 23.58% [1][2] Financial Performance - The company posted revenues of $250.59 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.29%, compared to $233.25 million in the same quarter last year [2] - Over the last four quarters, Shutterstock has exceeded consensus EPS estimates three times and topped revenue estimates three times as well [2] Stock Performance - Shutterstock shares have declined approximately 38.8% since the beginning of the year, contrasting with the S&P 500's gain of 22.1% [3] - The current Zacks Rank for Shutterstock is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $1.15 on revenues of $255.42 million, and for the current fiscal year, it is $4.19 on revenues of $932.39 million [7] - The trend of estimate revisions for Shutterstock is currently mixed, which may change following the recent earnings report [6] Industry Context - The Internet - Content industry, to which Shutterstock belongs, is currently ranked in the top 10% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

EXHIBIT 99.1 1 Shutterstock Reports Third Quarter 2024 Financial Results Achieves Record Revenues and Adjusted EBITDA and Increases Guidance for 2024 Announces Departure of CFO and Appointment of Incoming CFO New York, NY - October 29, 2024 - 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, 2024 ...

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 September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

NEW YORK, Oct. 29, 2024 /PRNewswire/ -- GIPHY, the world's largest library of GIFs and stickers, is partnering with TikTok, the leading destination for short-form mobile video to enhance the platform's direct messaging experience with AI-powered GIF recommendations. GIPHY is a wholly-owned subsidiary of Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies. This integration represents a dyna ...