Shutterstock is redefining its impact in the business of creativity with a fresh new look and a suite of innovative, AI-powered offerings designed to empower businesses, creatives and brand leadersNEW YORK, June 16, 2025 /PRNewswire/ -- After more than two decades of fueling award-winning campaigns and powering some of the world's most influential work, Shutterstock, Inc. (NYSE: SSTK) today announced the unveiling of its bold new visual identity and reintroduced itself as the essential, universal ingredient ...

Core Points - Shutterstock's stockholders approved the merger agreement with Getty Images, with approximately 82% of the shares voting in favor [1][2][3] - The merger aims to create a premier visual content company, enhancing capabilities in content creation, event coverage, and technology innovation [2][3] - The transaction is expected to close in the second half of 2025, pending regulatory approvals and customary conditions [3] Company Overview - Shutterstock is a leading global creative platform providing high-quality creative content for brands, digital media, and marketing companies [5] - The platform is supported by millions of creators and offers a diverse collection of 3D models, videos, music, photographs, vectors, and illustrations [5] - Shutterstock aims to deliver exceptional value to partners, contributors, and stockholders through its innovative technology and comprehensive resources [5]

Have you evaluated the performance of Shutterstock's (SSTK) international operations for the quarter ending March 2025? Given the extensive global presence of this online marketplace for royalty-free images and videos, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial h ...

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. ...

Financial Performance - Revenue for Q1 2025 was $242.62 million, a 13.2% increase from $214.32 million in Q1 2024[16] - Net income for Q1 2025 was $18.69 million, compared to $16.12 million in Q1 2024, representing a 15.9% increase[16] - Earnings per share (EPS) for Q1 2025 were $0.54 (basic) and $0.53 (diluted), up from $0.45 (both) in Q1 2024[16] - Total revenue for the three months ended March 31, 2025, was $242.62 million, a 13.2% increase from $214.32 million in the same period of 2024[240] - Content revenue increased to $202.9 million in Q1 2025 from $173.8 million in Q1 2024, representing a 16.7% growth[112] - Net income for the three months ended March 31, 2025, was $18.7 million, compared to $16.1 million in Q1 2024, reflecting a 16.3% increase[121] - Basic net income per share rose to $0.54 in Q1 2025 from $0.45 in Q1 2024, while diluted net income per share increased to $0.53 from $0.45[121] - Total other income for Q1 2025 was $14.5 million, significantly higher than $4.2 million in Q1 2024, driven by increased interest income and unrealized gains[113] Assets and Liabilities - Total assets increased to $1.32 billion as of March 31, 2025, compared to $1.31 billion at the end of 2024[14] - Total liabilities decreased to $777.04 million as of March 31, 2025, from $790.81 million at the end of 2024[14] - Cash and cash equivalents at the end of the period were $112.231 million, up from $71.811 million at the end of the same period last year[24] - The company had total long-lived tangible assets of $65.6 million as of March 31, 2025, slightly down from $66.4 million at the end of 2024[127] - As of March 31, 2025, the company had approximately $40.4 million in total other non-lease obligations, primarily related to minimum royalty guarantees[128] Cash Flow and Dividends - Cash dividends paid in Q1 2025 amounted to $11.50 million, compared to $10.66 million in Q1 2024[21] - The company paid cash dividends totaling $11.501 million during the three months ended March 31, 2025, compared to $10.663 million in the same period of 2024[24] - The company experienced a net increase in cash and cash equivalents of $0.980 million for the three months ended March 31, 2025, compared to a decrease of $28.679 million in the same period of 2024[24] Mergers and Acquisitions - The company plans to continue its proposed merger with Getty Images Holdings, Inc., which may impact future financial performance[10] - The company has entered into a merger agreement with Getty Images, with a cash consideration of $9.50 per share and 9.17 shares of Getty Images common stock for each share of Shutterstock common stock[33] - The Company completed the acquisition of Envato for $250.2 million on July 22, 2024, which is expected to enhance its offerings and reach faster-growing audiences[65][66] - The acquisition of Backgrid was completed for approximately $20 million on February 1, 2024, expanding Shutterstock's editorial content offerings[68][69] - The Company incurred approximately $7.0 million in transaction costs related to the Envato acquisition, included in general and administrative expenses[65] Expenses and Costs - Operating expenses for Q1 2025 totaled $232.42 million, an increase from $197.57 million in Q1 2024[16] - The company recorded a bad debt expense of $0.593 million for the three months ended March 31, 2025, compared to a recovery of $1.510 million in the same period of 2024[24] - Depreciation and amortization expense for property and equipment was $10.6 million for the three months ended March 31, 2025, compared to $10.3 million for the same period in 2024[77] - Amortization expense for the three months ended March 31, 2025, was $12.1 million, an increase from $11.0 million in the same period of 2024[84] Revenue Sources - Revenue from U.S. dollars amounted to $177.11 million, up from $153.53 million, reflecting a growth of 15.4% year-over-year[240] - Total foreign currency revenue reached $65.51 million, compared to $60.78 million, indicating an increase of 7.1%[240] - Revenue from Euro was $38.12 million, a rise of 6.8% from $35.85 million in the previous year[240] - Revenue from British pounds increased to $14.70 million, up 25.5% from $11.68 million[240] Tax and Interest - The effective tax rate for Q1 2025 was 8.5%, down from 20.9% in Q1 2024, primarily due to the net effect of discrete items[114] - The company recognized interest expense of $4.3 million for the three months ended March 31, 2025[96] - The interest rate on borrowed amounts ranges from 0.375% to 0.750% based on the company's consolidated net leverage ratio[242] Market and Economic Conditions - The company does not expect a material impact on interest expense from a hypothetical 10% change in interest rates as of March 31, 2025[242] - The company believes inflation has not materially affected its business or financial condition[243] - The company aims to preserve principal while maximizing income through its cash and cash equivalents[241] - The company may face challenges in offsetting significant inflationary pressures through price increases[243] Other Financial Metrics - Total accrued expenses decreased to $107.88 million as of March 31, 2025, from $126.64 million as of December 31, 2024[87] - The company had a remaining borrowing capacity of $94 million under its amended and restated credit agreement as of March 31, 2025[91] - As of March 31, 2025, the company had $53.8 million in unbilled receivables, with $34.4 million recorded in accounts receivable[45] - The allowance for doubtful accounts increased to approximately $3.6 million as of March 31, 2025, from $3.1 million as of December 31, 2024[46] - The identifiable intangible assets from the Envato acquisition include trademarks valued at $31.0 million and developed technology valued at $61.0 million[67]

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 ...