Shutterstock(US:SSTK)2021-07-27 13:36Financial Performance - Shutterstock's revenue increased by 19% to $189.912 million in the second quarter of 2021 compared to the second quarter of 2020[10, 22] - On a constant currency basis, revenue increased by 16%[10] - Net income increased by 55% to $29.454 million[10, 22] - Adjusted EBITDA increased by 43% to $53.063 million[10, 22] - Free cash flow was $61.692 million in Q2 2021, compared to $22.383 million in Q2 2020[11, 25] Operating Metrics - Subscribers increased by 44% to 321,000[14, 29] - Subscriber revenue increased by 25% to $78.1 million[14, 29] - Average revenue per customer (LTM) increased by 9% to $356[14, 29] - Image library expanded by 12% to over 380 million images[14] - Footage library expanded by 16% to over 22 million footage clips[14] 2021 Guidance - The company revised its full year 2021 revenue guidance to $740 - $750 million, representing a year-over-year growth of 11% to 12.5%[32, 33] - Adjusted EBITDA is expected to be $175 - $180 million[32, 33] - Adjusted net income per diluted share is projected to be $2.80 to $2.95[32, 33]