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Shutterstock Inc - SSTK STOCK NEWS

Welcome to our dedicated news page for Shutterstock (Ticker: SSTK), a resource for investors and traders seeking the latest updates and insights on Shutterstock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Shutterstock's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Shutterstock's position in the market.

News
Shutterstock To Report First Quarter 2024 Earnings Results on May 2, 2024
Rhea-AI Summary
Shutterstock, Inc. will report its first quarter 2024 business and financial results on May 2, 2024. The company offers high-quality creative content for brands and digital media. A conference call will be held at 8:30 a.m. ET to discuss the results, with a webcast available for access.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.6%
Tags
conferences earnings
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News
Shutterstock Reports Full Year 2023 and Fourth Quarter Financial Results
Rhea-AI Summary
Shutterstock, Inc. (SSTK) announces strong financial results for 2023 with record revenues and profitability, setting long-term targets for 2027. Despite revenue growth and improved net income, the fourth quarter of 2023 saw a decrease in key financial metrics. The company highlights investments in Data, Distribution, and Services for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
earnings
-
News
Shutterstock To Report Fourth Quarter 2023 Earnings Results on February 21, 2024
Rhea-AI Summary
Shutterstock, Inc. (SSTK) will report its Q4 2023 business and financial results on February 21, 2024. The company will host a conference call at 8:30 a.m. ET to discuss the results, with a webcast replay available on the same day at approximately 10:30 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.75%
Tags
conferences earnings
News
Shutterstock Acquires Backgrid Celebrity News Network
Rhea-AI Summary
Shutterstock, Inc. (SSTK) has announced the acquisition of Backgrid, a global premier destination for celebrity news, adding 30 million+ images and videos across celebrity, red carpet and live events, and more than 1,400 contributors to its photographer network. This acquisition expands Shutterstock's editorial coverage in the US and globally, positioning the company as the leading provider of high-quality celebrity news content with the largest network of top photographers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
acquisition
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News
Shutterstock Increases Quarterly Dividend By 11% to $0.30
Rhea-AI Summary
Shutterstock, Inc. (SSTK) has declared a cash dividend of $0.30 per share of outstanding common stock, representing an 11% increase over the previous quarterly dividend. The dividend is payable on March 14, 2024, to stockholders of record as of February 29, 2024. This decision reflects the company's growth in operating profitability and cash flow, fulfilling its commitment to return value to stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
dividends
-
News
Shutterstock Named Official House Photographer and Leadership Sponsor of 2024 Sundance Film Festival
Rhea-AI Summary
Shutterstock, Inc. (SSTK) to be the Official House Photographer and Portrait Studio Partner for the 2024 Sundance Film Festival, hosting special events, panel discussions, and documentary screenings. The company will capture all premieres, parties, and panels, offering a diverse collection of high-quality content. Shutterstock will also host the Shutterstock Chalet, providing a relaxing space for VIPs, talent, and press to recharge. The company's extensive network of photographers and creators contributes to the world's most diverse collection of stock photography, videos, music, and more.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
none
News
Shutterstock Unveils TRUST, its Best-in-Class Approach for Ethical AI
Rhea-AI Summary
Shutterstock Inc. (SSTK) announces the launch of TRUST, a guiding framework embodying its commitment to responsible AI. TRUST reflects Shutterstock's core values and includes commitments to training, royalties, uplift, safeguards, and transparency. Dr. Alessandra Sala, Senior Director of AI and Data Science, emphasizes the framework's role in maintaining trust and outlines the principles it formalizes. The framework aims to guide companies in using AI responsibly and reiterates Shutterstock's commitment to contributor-centric operating principles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.38%
Tags
AI
-
News
Shutterstock Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Shutterstock, Inc. announces Q3 2023 financial results. Revenue increased by 14% to $233.2 million. Income from operations decreased by 40% to $17.2 million. Net income increased by 23% to $28.4 million. Adjusted EBITDA increased by 15% to $64.7 million. Subscribers decreased to 551,000. Subscriber revenue increased to $88.3 million. Average revenue per customer increased to $401. Paid downloads decreased to 36.4 million. Revenue per download increased to $4.76. The company raised its revenue and EBITDA guidance for 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.57%
Tags
earnings
-
News
NOVEMBER 9: Shutterstock Showcase: Creative AI
Rhea-AI Summary
Shutterstock, Inc. will host a virtual showcase event called Shutterstock Showcase: Creative AI to demonstrate the power of its high-quality content library and newly announced creative AI-powered editing features. The event will explore best practices for personalizing stock images, discuss the benefits of AI-powered design, and provide insights into the future of AI in design. It will feature industry experts from Shutterstock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
Tags
AI
News
Shutterstock Integrates Creative AI into Library of 700M Images to Offer First-Ever Marketplace of Fully Customizable Stock
Rhea-AI Summary
Shutterstock announces new AI-powered editing features for its stock image library, offering infinite options for image refinement and customization. The features leverage OpenAI technology and include capabilities like Magic Brush, Variations, Expand Image, Smart Resize, Background Remover, and AI Image Generator. The company will give a live demo of these features on November 9.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
AI
Stock SSTK logo
Shutterstock Inc

NYSE:SSTK

SSTK Rankings

#2118 Ranked by Market Cap
#3966 Ranked by Stock Gains
#1151 Ranked by Dividends

SSTK Stock Data

1.48B
24.26M
31.65%
85.57%
14%
Data Processing, Hosting, and Related Services
Information
Link
US
New York

About SSTK

shutterstock, inc. operates an online marketplace for commercial digital images, videos and music. we offer various photographs covering various subjects, such as animals/wildlife, the arts, backgrounds/textures, beauty/fashion, buildings/landmarks, business/finance, celebrities, education, food and drink, healthcare/medical, holidays, nature, objects, people, religion, science, sports/recreation, technology, and transportation; illustrations and vector art images; and video footage for users engaged in producing video advertisements, commercial motion pictures, television programming, video games, interactive applications, and other video-based media. we provide products for users to enhance their visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and video content. we also license commercial digital imagery to our customers; and offers online learning platform for digital professionals. we serve business cust