Shutterstock (NYSE: SSTK) reported Q4 EPS of $0.59, $0.11 wbetter than the analyst estimate of $0.48. Revenue for the quarter came in at $162.1 million versus the consensus estimate of $165.46 million.

• Revenue increased 6.7% to $162.1 million. Excluding revenue from Webdam, revenue increased 10.1%.
• Income from operations increased 117.5% to $15.6 million.
• Net income increased 625% to $14.9 million.
• Adjusted EBITDA increased 45.6% to $33.9 million.
• Diluted EPS increased by $0.36 to $0.42 per share.

Commenting on the Company's performance, founder and CEO Jon Oringer said, "During 2018, we made significant progress towards our vision to provide an end-to-end creative platform that improves our customer and contributor experience. We saw customer and contributor engagement at an all-time high – both in the number of paid downloads and the number of approved contributors on our platform.

"I am encouraged by the steps we have taken to achieve our strategic objectives and by our continued revenue growth and margin expansion. We are focused on continuing to improve the efficiency, speed and performance of our platform; to evolve and personalize our customer and contributor experiences; and to motivate a talented global team to drive revenue growth and improved margins in 2019 and beyond."

GUIDANCE:

Shutterstock sees FY2019 revenue of $685-695 million, versus the consensus of $691.46 million.

• Revenue of between $685 and $695 million, representing growth of 10% to 12%.
• Adjusted EBITDA of between $118 million and $123 million, representing growth of 12% to 17%.
• Income from operations of between $37 million and $47 million.
• Non-cash equity-based compensation expense of approximately $25 million.
• Capital expenditures, including capitalized labor, of approximately $37 million.
• Effective tax rate in low to mid 20's%.

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