Shutterstock (SSTK) Tops Q4 EPS by 12c; offers guidance

Shutterstock (NYSE: SSTK) reported Q4 EPS of $0.72, $0.12 better than the analyst estimate of $0.60. Revenue for the quarter came in at $217.2 million versus the consensus estimate of $224.01 million.

GUIDANCE:

Shutterstock sees FY2024 EPS of $4.15-$4.30, versus the consensus of $3.62. Shutterstock sees FY2024 revenue of $875 million, versus the consensus of $919.4 million.

2027 LONG TERM TARGETS

Details of our 2027 Long Term Targets may be found below and in our investor presentation titled \"Shutterstock 2027: Long-range Financial Targets,\" available at https://investor.shutterstock.com/.

Revenue growth CAGR of 10% and 2027 revenues of $1.2 billion.
Content revenue growth CAGR of 7% and Data, Distribution, and Services revenue growth CAGR of 22%.
EBITDA margin expansion from 28% to 30% and 2027 EBITDA of $350 million.
Cumulative Free Cash Flow of $800 million allocated to strategic acquisitions, dividends, and share repurchases.

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

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