Shutterstock (SSTK) Reports Q1 EPS of $0.92, Beats on Revenues

Shutterstock (NYSE: SSTK) reported Q1 EPS of $0.92, versus $0.34 reported last year. Revenue for the quarter came in at $153 million versus the consensus estimate of $150.1 million.

First Quarter 2018 highlights as compared to First Quarter 2017:

Key Operating Metrics.

• Paid downloads increased 0.5% to 43.7 million.
• Revenue per download increased 16.8% to $3.40.
• Image collection expanded 41.6% to 187 million images.
• Video collection expanded 45.1% to 10 million clips.

Financial Highlights

• Revenue increased 17.5% to $153.0 million.
• Income from operations decreased 56.4% to $4.5 million.
• Net income increased 393.4% to $32.6 million, which includes $27.9 million relating to the gain on the Sale of Webdam.
• Adjusted EBITDA decreased 4.9% to $22.1 million.
• Diluted EPS was $0.92 per share, which includes $0.79 per diluted share relating to the gain on the Sale of Webdam.

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

You May Also Be Interested In

• Amphenol (APH) Tops Q1 EPS by 7c, offers guidance
• Teledyne Technologies (TDY) stock falls after cutting full-year earnings guidance
• Wabash National (WNC) Misses Q1 EPS by 7c ; Offers Guidance