Shutterstock

Shutterstock, Inc. engages in the operation of a marketplace for licensed content. The firm licenses images, video, music, editorial assets, and custom content tailored to a brand's needs. The company was founded by Jonathan Oringer in 2003 and is headquartered in New York, NY.

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Shutterstock reports record earnings, eyes AI growth amid subscriber decline

Shutterstock's Q4 2022 performance showcased record EBITDA and revenue growth, despite subscriber decline in Europe. The company's strengths in AI applications and enterprise success position it well for future growth. Challenges include e-commerce weakness and cautious outlook on subscriber growth.

Shutterstock beats Q1 revenue expectations, eyes growth through partnerships

Shutterstock's Q1 2023 performance exceeded expectations, driven by strong enterprise sales and subscription growth.
While facing challenges in ecommerce sales and certain business segments, the company is focused on strategic partnerships and AI utilization.
Opportunities lie in revenue growth targets, data partnerships, and AI tool enhancements to drive future success for Shutterstock.

Shutterstock reports strong Q2 performance, raises 2023 guidance

Shutterstock's Q2 success driven by AI partnerships and revenue growth, with a focus on data engine and tech collaborations.
Despite challenges like muted revenue growth, the company's strategic strengths and opportunities position it for future growth.
Raised guidance for 2023 revenue and adjusted EBITDA underscores Shutterstock's financial resilience and growth potential.
Balancing challenges with opportunities, Shutterstock aims to optimize performance and capitalize on strategic initiatives for sustained growth.

Shutterstock reports record Q3 revenues, eyes growth in Getty and data segments

Shutterstock's Q3 performance reflects strong financial results, diversified revenue streams, and operational efficiency, setting the stage for accelerated growth in Q4.
Strategic initiatives to drive e-commerce recovery, capitalize on Getty and data segments, and focus on profitability position the company for sustainable expansion and profitability.
While facing challenges in revenue stability and content expansion, Shutterstock can capitalize on opportunities in customer-centric offerings, TAM expansion, and cross-selling to drive future growth.

Shutterstock achieves record earnings, eyes cloud expansion for growth

Shutterstock delivered strong financial performance in Q4 2023, with a focus on diversifying content types and expanding into cloud ecosystems. While facing challenges in the E-commerce channel, the company is strategically positioned for growth with a clear roadmap outlined in the Shutterstock 2027 framework. Opportunities in data distribution and pricing models provide avenues for future revenue growth.

Shutterstock beats Q1 expectations, raises guidance on Envato acquisition

Shutterstock's Q1 2024 performance exceeded expectations, driven by strong data distribution, content business trends, and the Envato acquisition. The company raised its 2024 guidance, reflecting confidence in future growth and expansion.

Shutterstock reports Q2 revenue growth and tech advancements

Shutterstock's Q2 performance showed revenue growth, strong margins, and notable advancements in technology and strategic partnerships.
While facing challenges in content revenue decline, the company is poised to capitalize on opportunities from recent acquisitions and business segments.
Guidance raise for revenue growth and maintained adjusted net income per diluted share indicate a positive outlook with a focus on innovation and expansion.

Shutterstock reports record Q3 earnings, eyes growth through acquisitions

Shutterstock's Q3 performance reflects strong revenue growth, driven by strategic acquisitions and robust business segment performance.
Despite operational challenges and leadership transitions, the company's financial strength, raised guidance, and focus on long-term goals position it well for future success.
Opportunities lie in leveraging acquisitions, expanding partnerships, and capitalizing on emerging trends to drive continued growth and market relevance.
Overall, Shutterstock's proactive approach to growth and financial stability bodes well for its competitive positioning and value creation for shareholders.

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Shutterstock, Inc. engages in the provision of a global creative platform. The company offers data, distribution, and services. Its contents include images, footage, music, three dimensional (3D) models, and generative artificial intelligence. The company was founded by Jonathan Evan Oringer in 2003 and is headquartered in New York, NY.

Our AI image generator allows anyone to create high-quality visuals by simply describing what they're looking for — worry-free, one-of-a-kind, and ready in seconds  NEW YORK , Jan. 25, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), the world's leading creative platform for transformative brands and media companies, today announced the launch of its AI image generation platform , available to use by all Shutterstock customers globally in every language the site offers. The text-to-image technology converts prompts into larger-than-life, ethically created visuals ready for licensing.

Shutterstock Introduces Generative AI to its All-In-One Creative Platform

It has become clear that Getty and Shutterstock have diverged in their efforts to deal with the escalating legal issues around generative AI.

Why are Getty and Shutterstock on opposite sides of the AI legal debate?

NEW YORK , Jan. 13, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK ), a leading global creative platform offering full-service solutions, high-quality content, and creative workflow solutions for brands, businesses and media companies, will report its fourth quarter 2022 business and financial results on Thursday, February 9, 2023 before the market opens. The company will host a conference call at 8:30 a.m.

Shutterstock To Report Fourth Quarter 2022 Earnings Results on February 9, 2023

Shutterstock to provide content for Meta's continued investment in AI NEW YORK , Jan. 12, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), the leading global creative platform for transformative brands and media companies, will help fuel Meta's continued investment in AI. The expanded relationship reflects the commitment both companies have to being at the forefront of AI innovation, as well as the power of Shutterstock's expansive content library.

Shutterstock Expands Long-standing Relationship with Meta

NEW YORK , Jan. 10, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), the leading global creative platform for transformative brands and media companies, has joined the Value Stream Management Consortium (VSMC) as a Leader Member. The VSMC was created to help organizations improve performance and drive customer value through the adoption of value stream management (VSM).

Shutterstock Joins the Value Stream Management Consortium as a Leader Member

Is Shutterstock (SSTK) a great pick from the value investor's perspective right now? Read on to know more.

Is Shutterstock (SSTK) a Worthy Stock for Value Investors?

Shutterstock has ongoing momentum in revenues and is posting respectable levels of growth in its top line, particularly for a company in business as long as this one has been. It has been cash flow positive for the last decade, with the previous 2 years seeing it enter triple digit free cash flow territory for the first time.

Shutterstock: A Steady Tech Stock Still Seeing Growth

By developing responsibly made AI tools built with designers and marketers in mind, Shutterstock leads the charge in streamlining the creative process for all Through its Contributor Fund, Shutterstock will continue to compensate artists for their contributions to the development of this new AI technology NEW YORK , Nov. 17, 2022 /PRNewswire/ -- Building on its promise to enable its users to produce their best work with incredible content and innovative tools, Shutterstock, Inc. (NYSE: SSTK), today announced its long-term partnership to advance AI-powered technology with LG AI Research. By combining Shutterstock's metadata and world-class content with LG AI Research's R&D capabilities, the companies will bring EXAONE, LG's AI image generation model, EXAONE Atelier, a creative AI toolkit, and AI-based image captioning to the global market.

Shutterstock Joins Forces with LG AI Research to Advance AI Technology to Revolutionize the Creative Journey

Shutterstock Inc. (NYSE:SSTK ) Q3 2022 Earnings Conference Call October 25, 2022 8:30 AM ET Company Participants Paul Hennessy - Chief Executive Officer Jarod Yahes - Chief Financial Officer Chris Suh - Vice President, Investor Relations Conference Call Participants Bernie McTernan - Needham & Co. Youssef Squali - Truist Securities Andrew Boone - JMP Securities Nat Schindler - Bank of America Lauren Schenk - Morgan Stanley Operator Good day and thank you for standing by. Welcome to the Q3 2022 Shutterstock Incorporated earnings conference call.

Shutterstock (SSTK) Q3 2022 Earnings Call Transcript

Shutterstock (SSTK) delivered earnings and revenue surprises of 5.26% and 3.03%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Shutterstock (SSTK) Beats Q3 Earnings Estimates

Stock image giant Shutterstock has announced a major push into AI generated imagery today in partnership with OpenAI, expanding on a strategic tie-up the pair announced last year.

Shutterstock to integrate OpenAI's DALL-E 2 and launch fund for contributor artists

Shutterstock powers innovation excellence by expanding OpenAI partnership focused on delivering the most advanced creative tools in the industry Shutterstock supports its contributor base with launch of fund aimed at ensuring artists are rewarded for contributions to AI datasets NEW YORK , Oct. 25, 2022 /PRNewswire/ --  Shutterstock, Inc . ("the Company") (NYSE: SSTK), the leading global creative platform for transformative brands and media companies, today unveiled its action plan to launch its AI-generated content capabilities in a manner that is responsible and transparent for its customers and contributors.

SHUTTERSTOCK PARTNERS WITH OPENAI AND LEADS THE WAY TO BRING AI-GENERATED CONTENT TO ALL

NEW YORK , Oct. 25, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), the leading global creative platform for transformative brands and media companies, today announced financial results for the third quarter ended September 30, 2022. "I'm excited to announce our partnership with OpenAI to bring Generative AI to benefit Shutterstock's customers and contributors," said Paul Hennessy, the Company's Chief Executive Officer.

Shutterstock Reports Third Quarter 2022 Financial Results

With over 100,000 videos filmed by leading cinematographers, FILMPAC's upscale collection is ideal for creative professionals with a dramatic flair NEW YORK , Oct. 20, 2022 /PRNewswire/ -- Shutterstock, Inc . (NYSE: SSTK), the leading global creative platform for transformative brands and media companies, today announced its partnership with FILMPAC, a premium footage boutique, to bring FILMPAC's premium cinema-quality video collection to Pond5 and Shutterstock.

SHUTTERSTOCK AND POND5 EXPAND PREMIUM CONTENT COLLECTION BY SECURING DISTRIBUTION RIGHTS TO FILMPAC'S HIGH-END CINEMATIC QUALITY VIDEO LIBRARY

NEW YORK , Oct. 4, 2022 /PRNewswire/ --  Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and creative workflow solutions for brands, businesses and media companies, will report its third quarter 2022 business and financial results on Tuesday, October 25, 2022 before the market opens. The company will host a conference call at 8:30 a.m.

Shutterstock To Report Third Quarter 2022 Earnings Results on October 25, 2022

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NEW YORK , Sept. 12, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform for transformative brands and media companies, today announced that Sejal Amin is joining the Company's leadership team and Executive Committee as Chief Technology Officer (CTO), effective September 12, 2022.

SHUTTERSTOCK APPOINTS SEJAL AMIN AS CHIEF TECHNOLOGY OFFICER

After the May 2022 acquisition of Splash News, one of the world's leading entertainment news networks, Shutterstock announces the rebrand of The Newsroom to Splash at Visa Pour L'Image PERPIGNAN, France , Aug. 30, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform for transformative brands and media companies, today announced at the Visa Pour L'Image Festival in Perpignan, France that it has rebranded The Newsroom to Splash. Since its inception in May 2021, The Newsroom has been established as the preeminent destination for unparalleled access to premium exclusive Editorial content.

SHUTTERSTOCK REBRANDS THE NEWSROOM TO SPLASH NEWS

Shutterstock is not like other internet content, intended to appear that way. But institutional investors recognize the differences. 110% of Shutterstock's float is held by 337 institutions. What may they know that you may not?

Shutterstock: Valuable Internet Content Service; Near-Term Cap-Gain Investment

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Investors were disappointed with the company's second-quarter results.

Why Shutterstock Is Falling Hard Today

Shutterstock, Inc. (NYSE:SSTK ) Q2 2022 Earnings Conference Call July 26, 2022 8:30 AM ET Company Participants Chris Suh - VP, IR and Corporate Development Paul J. Hennessy - CEO Jarrod Yahes - CFO Conference Call Participants Bernie McTernan - Needham & Company Andrew Boone - JMP Securities Youssef Squali - Truist Securities Nat Schindler - Bank of America Operator Good day and welcome to the Q2 2022 Shutterstock, Inc. Earnings Conference Call.

Shutterstock, Inc. (SSTK) CEO Paul Hennessy on Q2 2022 Results - Earnings Call Transcript

Shutterstock (SSTK) delivered earnings and revenue surprises of -12.63% and 0.05%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Shutterstock (SSTK) Lags Q2 Earnings Estimates

NEW YORK , July 26, 2022 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform for transformative brands and media companies, today announced financial results for the second quarter ended June 30, 2022. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "With the acquisitions of Pond5 and Splash News and the release of our Creative Flow suite of workflow applications and the Creative Flow+ subscription product during the quarter, we made significant progress on our journey towards becoming a creative platform that allows our customers to create with confidence.

Shutterstock Reports Second Quarter 2022 Financial Results

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