Welcome to our dedicated page for Shutterstock news (Ticker: SSTK), a resource for investors and traders seeking the latest updates and insights on Shutterstock stock.
Shutterstock, Inc. develops licensable digital content, creative services and GenAI solutions for businesses, creatives, brand teams and technology partners. Company news commonly covers product launches across images, video, music, sound effects, AI video generation and AI-native content discovery, as well as the expansion of licensed training datasets, evaluation tools and model-training services.
Updates also address operating results for its Content and Data, Distribution and Services offerings, customer and partner activity, dividends, shareholder voting matters, material agreements, capital-structure disclosures, governance topics and regulatory developments tied to the company’s public-company operations.
Shutterstock reported a 9% increase in Q1 2022 revenue, reaching $199.1 million, driven by its Enterprise channel's growth. However, net income decreased 10% to $26.6 million, with operating income down 16%. Key metrics showed a 17% rise in subscribers to 359,000 and a 12% increase in subscriber revenue. Adjusted net income per diluted share rose to $1.00. The company maintains its 2022 revenue guidance of $835 million to $850 million, reflecting annual growth of 8% - 10%.
Shutterstock (NYSE: SSTK) announces the appointment of Jason McClelland as Chief Marketing Officer and Christopher 'Skip' Wilson as Vice President of Brand Marketing. McClelland brings over 20 years of experience from Adobe and Salesforce, focusing on enhancing Shutterstock's creative capabilities. Wilson, previously with Peloton, will lead global brand strategy. These appointments aim to strengthen Shutterstock's position in the market by driving revenue growth and expanding their brand presence among top-tier clients. CEO Stan Pavlovsky expressed confidence in their ability to innovate and scale.
Shutterstock (NYSE: SSTK) will report its Q1 2022 financial results on April 26, 2022, prior to market opening. Following the results, a conference call will be held at 8:30 a.m. ET, accessible at (844) 634-1442 in the U.S. or (615) 247-0239 internationally, using conference ID# 9054804. A live audio webcast will be available on Shutterstock's investor relations page. The company offers a comprehensive suite of high-quality content and creative solutions, including over 400 million images and 24 million video clips. A replay of the call will be available until May 3, 2022.
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On March 3, 2022, Shutterstock (NYSE: SSTK) announced a donation of $1 million to support its contributor community in Ukraine amid the ongoing conflict. This initiative aims to assist thousands of photographers, videographers, 3D artists, illustrators, and musicians in the region. CEO Stan Pavlovsky, who has personal ties to Ukraine, emphasized the importance of supporting those affected by the war. Shutterstock remains committed to helping its community during this crisis.
Shutterstock (NYSE: SSTK) reported its Q4 and full-year 2021 financial results, showing a 14% revenue increase to $205.8 million in Q4. Full-year revenue rose 16% to $773.4 million. However, income from operations dropped 47% to $14.6 million in Q4, and net income fell 35% to $16.9 million. Subscriber count grew by 22% to 343,000, while adjusted net income per diluted share decreased to $0.77 from $0.93. For 2022, the company expects revenue between $835 million and $850 million, reflecting 8%-10% growth. Adjusted EBITDA guidance is set at $210-$217 million.
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Shutterstock, Inc. (NYSE: SSTK) announced a cash dividend of $0.24 per share, representing a 14% increase from the previous $0.21. The dividend is payable on March 17, 2022, to stockholders of record by March 3, 2022. CEO Stan Pavlovsky expressed confidence in the company's business trajectory, emphasizing their commitment to return value to stockholders. The company continues to expand its extensive content library, which currently includes over 390 million images and 23 million video clips.
Shutterstock, Inc. (NYSE: SSTK) has released its annual Creative Trends Report for 2022, highlighting significant themes in creative projects and marketing. The report identifies time and space as dominant themes, driven by user search data. Key trends include a resurgence of medieval imagery, a fascination with the macabre, and a focus on travel and exploration. Additionally, the report introduces Shutterstock.AI performance data, guiding marketers on content that will yield high engagement. Localized trends for markets like the U.S., Brazil, and Japan are also part of this year's insights.
Shutterstock (NYSE: SSTK) announced it will release its fourth quarter 2022 financial results on February 10, 2022, before the market opens. A conference call to discuss the results will take place at 8:30 a.m. ET, accessible by phone and via a live audio webcast on its website. After the call, a recorded replay will be available until February 17, 2022. As a leading creative platform, Shutterstock continues to grow its vast collection of images and video content, serving a global customer base.