Shutterstock(US:SSTK)2020-02-13 19:18Financial Performance - Q4 2019 - Revenue increased by 3% to $166.4 million compared to Q4 2018[11] - Net income decreased significantly by 71% to $4.4 million[11] - Adjusted EBITDA decreased by 29% to $24.1 million[11] Financial Performance - Full Year 2019 - Revenue increased by 4% to $650.5 million, or 6% on a constant currency basis, compared to 2018[17] - Net income decreased by 63% to $20.1 million[17] - Adjusted EBITDA decreased by 8% to $96.3 million[17] - Free cash flow increased by 15% to $73.2 million in 2019 from $63.5 million in 2018[18, 20] Operating Metrics - Q4 2019 - Paid downloads increased by 2% to 47.7 million[14] - Image library expanded by 30% to approximately 314 million images[14] - Footage library expanded by 30% to approximately 17 million video clips[14] - Contributor base increased significantly to over 1.1 million, compared to over 650,000 in the previous year[14] - Customer base contributing to revenue increased by 2% to over 1.9 million[15] 2020 Guidance - The company expects revenue between $665 million and $690 million, representing year-over-year growth of 2% to 6%[43] - Adjusted EBITDA is projected to be between $100 million and $107 million, a year-over-year increase of 4% to 11%[43] - Adjusted net income per diluted share is expected to be $1.42 to $1.58, reflecting year-over-year growth of 15% to 28%[43]