Shutterstock (SSTK) Tops Q2 EPS by 5c; Guides FY Revs In-Line

Shutterstock (NYSE: SSTK) reported Q2 EPS of $0.36, $0.05 better than the analyst estimate of $0.31. Revenue for the quarter came in at $124.4 million versus the consensus estimate of $124.29 million.

Founder and CEO Jon Oringer said "Shutterstock's strong second quarter growth once again demonstrates the power of the network model we have built and the sustained momentum we are generating across both sides of our marketplace. The quality and breadth of our content library combined with an unparalleled search experience continues to attract a diverse customer base that today downloads over 5.5 images per second. We remain committed to expanding our content offerings and investing in innovative technology solutions to further build our customer base, increase overall engagement and deliver sustained financial growth."

GUIDANCE:

Shutterstock sees FY2016 revenue of $495-510 million, versus the consensus of $504.7 million.

• Income from operations of $43 - $51 million (5% - 24% growth)
• Adjusted EBITDA of $95 - $100 million (12% - 18% growth)
• Non-cash equity-based compensation expense of $28 - $33 million
• Capital expenditures of $30 - $35 million

For earnings history and earnings-related data on Shutterstock (SSTK) click here.

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• Berenberg Starts Lloyds TSB Group (LYG) at Hold, 'shares are fairly valued'
• Plexus Corp (PLXS) Tops Q2 EPS by 7c