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Shutterstock inc   (SSTK)
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Price: $48.5800 $-0.56 -1.140%
Day's High: $49.365 Week Perf: -2.98 %
Day's Low: $ 48.16 30 Day Perf: 3.63 %
Volume (M): 2,011 52 Wk High: $ 75.96
Volume (M$): $ 97,714 52 Wk Avg: $48.86
Open: $48.83 52 Wk Low: $33.80



 Market Capitalization (Millions $) 1,762
 Shares Outstanding (Millions) 36
 Employees 1,000
 Revenues (TTM) (Millions $) 875
 Net Income (TTM) (Millions $) 110
 Cash Flow (TTM) (Millions $) -15
 Capital Exp. (TTM) (Millions $) 56

Shutterstock Inc
Shutterstock Inc. is a global provider of digital media and technology solutions. The company was founded in 2003 in New York City by Jon Oringer, who remains the majority owner of the company today. Shutterstock provides digital assets, such as images, videos, music, and editorial content, to users for various commercial and editorial purposes. Their platform also allows photographers and filmmakers to sell and license their work.

Shutterstock's library of images currently exceeds 300 million assets, making them one of the largest providers of digital media worldwide. They offer various licensing options to their clients, including subscription plans, corporate accounts, and customized licensing solutions. Their clients include advertising agencies, media companies, small and medium-sized businesses, and individuals who require high-quality digital media.

Shutterstock has a global workforce of over 1,200 employees, with offices in various locations, including New York City, London, Montreal, Berlin, San Francisco, and Amsterdam. The company operates a technology-driven platform that leverages artificial intelligence and machine learning to provide efficient and innovative solutions to their clients.

In addition to their digital media platform, Shutterstock also owns and operates several other companies, including Bigstock, PremiumBeat, and Shutterstock Custom. Bigstock is a stock photography agency that focuses mainly on small and medium-sized businesses, while PremiumBeat is a royalty-free music library that provides high-quality music for use in video and audio productions. Shutterstock Custom is a platform that connects businesses with designers and photographers to create customized brand experiences.

Overall, Shutterstock Inc. is a global leader in the digital media industry, providing a comprehensive suite of products and services to their diverse customer base. They continue to innovate and expand their offerings, leveraging technology and creative solutions to meet the needs of their clients in an ever-evolving digital landscape.


   Company Address: 350 Fifth Avenue, 20th Floor New York 10118 NY
   Company Phone Number: 710-3417   Stock Exchange / Ticker: NYSE SSTK
   


   

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Shutterstock Inc

Shutterstock Inc. Reports Decline in Revenue and Earnings for Fourth Quarter of 2023

Shutterstock Inc. is a leading global creative platform that connects brands and businesses with high-quality content. The company recently reported its fourth-quarter earnings for 2023, which showed a slip into a shortfall of $-0.03 per share, compared to $0.20 per share the year prior. Additionally, EPS fell from $0.79 per share in the preceding reporting period. Revenue also decreased by -0.233% to $217.22 million from $217.73 million in the same reporting period a year prior, and sequentially revenue decreased by -6.872% from $233.25 million.
These numbers may seem concerning at first glance, but it's important to put them into context within the Cloud Computing & Data Analytics industry. Despite Shutterstock Inc's decrease in revenue and earnings, the industry as a whole recorded a revenue rise in the fourth quarter of 2023. This could suggest that Shutterstock Inc's performance is a result of industry-wide trends rather than company-specific issues.
When looking at the company's net earnings, Shutterstock Inc reported a net shortfall of $-1.006 million for the fourth quarter of 2023, compared to net earnings of $7.046 million in the same reporting period a year before. Operating earnings fell by -72.22% to $2.124 million, squeezing Shutterstock Inc's operating margin to 0.98%, from 3.51% in the fourth quarter of 2022. A build-up in accounts receivable is also a notable signal of rising demand, with accounts receivables valued at $91.1 million, higher than in the preceding quarter.

Shutterstock Inc

Shutterstock dominates market with staggering revenue growth in Q3 2023

title: Shutterstock Inc. Reports Strong Financial Results Despite Market Challenges
As an executive at Shutterstock Inc., I am thrilled to announce the impressive financial results that our company achieved in the third quarter of 2023. Despite the challenges faced by the Cloud Computing & Data Analytics industry, Shutterstock Inc. managed to achieve double-digit revenue and bottom-line growth.
In the financial period ending September 30, 2023, our revenue reached an outstanding $233.25 million, marking a remarkable 14.283% increase compared to the previous year. This growth can be attributed to our unwavering commitment to innovation, customer satisfaction, and staying ahead of market trends. It is worth noting that our revenue also advanced by 11.687% quarter on quarter, surpassing the performance of many of our peers in the Cloud Computing & Data Analytics sector.

Shutterstock Inc

Shutterstock Inc Reports Astounding 158.49% Profit Increase Despite Modest Revenue Growth in Q2 2023

Shutterstock Inc, a leading technology company in the digital content industry, delivered notable profits growth in the financial second quarter of 2023. Despite a slow revenue advance, the company saw a significant increase in earnings per share, which grew rapidly by 158.49% at $1.37 per share. The revenue also saw a slight increase of 0.951% to $208.84 million compared to the corresponding reporting season a year ago.
In comparison to the previous reporting season, Shutterstock Inc experienced a substantial growth in earnings per share by 52.22% from $0.90 per share. However, revenue decreased by -2.991% from $215.28 million. Despite the decline in revenue, the company's net income showed a significant surge of 157.2% from $19.445 million to $50.013 million in the most recent fiscal period.






 

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