Profile
Sector:
Communication ServicesIndustry:
Internet Content & InformationCountry:
United StatesIPO:
11 October 2012Website:
http://www.shutterstock.comNext earnings report:
31 October 2024Last dividends:
29 August 2024Next dividends:
N/APrice
after hours | Fri, 27 Sep 2024 21:46:21 GMTAnalysts recommendations
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SSTK Latest News
Evaluate Shutterstock's (SSTK) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
Shutterstock, Inc. (NYSE:SSTK ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Rik Powell - SVP, Finance & Investor Relations Paul Hennessy - Chief Executive Officer Jarrod Yahes - Chief Financial Officer Conference Call Participants Andrew Boone - JMP Securities Bernie McTernan - Needham & Company Robert Zeller - Truist Nitin Bansal - Bank of America Operator Good day, and thank you for standing by. Welcome to the Q2 2024 Shutterstock, Inc. Earnings Conference Call.
Shutterstock (SSTK) came out with quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.07 per share a year ago.
NEW YORK , Aug. 6, 2024 /PRNewswire/ -- 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 second quarter ended June 30, 2024. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "Shutterstock's second quarter results exceeded our expectations for revenue and adjusted EBITDA driven by exceptional growth in Data, Distribution and Services.
NEW YORK , July 22, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, completed its previously announced acquisition of Envato Pty Ltd. ("Envato"), a leader in digital creative assets and templates.
Companies like Getty have begun developing A.I. models with their own data, part of a broader push to build artificial intelligence with licensed content.
NEW YORK , July 16, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, will report its second quarter 2024 business and financial results on Tuesday, August 6, 2024, before the market opens. The company will host a conference call at 8:30 a.m.
NEW YORK , July 9, 2024 /PRNewswire/ -- 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 that Jaime Teevan, Chief Scientist and Technical Fellow at Microsoft, has been appointed to the company's board of directors. Teevan is currently responsible for driving research-backed innovation in Microsoft's core products and previously held the role of Technical Advisor to Microsoft CEO Satya Nadella.
The Zacks Internet - Content industry participants like Shutterstock (SSTK) and Opera Limited (OPRA) are benefiting from expanding mobile, digital and cloud-based offerings amid challenging macroeconomic conditions globally.
The average of price targets set by Wall Street analysts indicates a potential upside of 39.1% in Shutterstock (SSTK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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What type of business is Shutterstock?
Shutterstock, Inc. is an international technology company that operates a two-sided marketplace through which professionals can license their professional content. The company was founded in 2003 and is headquartered in New York, New York. The content library includes digital images consisting of licensed photos, vector graphics, illustrations, and video clips that clients use for visual communication, such as on websites, in digital and print marketing materials, corporate communications, books, publications, and video content, as well as music for commercial use, consisting of musical tracks and sound effects often used to complement digital images.
What sector is Shutterstock in?
Shutterstock is in the Communication Services sector
What industry is Shutterstock in?
Shutterstock is in the Internet Content & Information industry
What country is Shutterstock from?
Shutterstock is headquartered in United States
When did Shutterstock go public?
Shutterstock initial public offering (IPO) was on 11 October 2012
What is Shutterstock website?
https://www.shutterstock.com
Is Shutterstock in the S&P 500?
No, Shutterstock is not included in the S&P 500 index
Is Shutterstock in the NASDAQ 100?
No, Shutterstock is not included in the NASDAQ 100 index
Is Shutterstock in the Dow Jones?
No, Shutterstock is not included in the Dow Jones index
When was Shutterstock the previous earnings report?
No data
When does Shutterstock earnings report?
The next expected earnings date for Shutterstock is 31 October 2024