Jefferies Raises Price Target on Shutterstock (SSTK) Following Decent 1Q Report
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Jeff Weiser to join Shutterstock as Chief Marketing Officer and Matthew Jagoda to join as Chief People Officer
May 4, 2016 8:00 AM EDTNEW YORK, May 4, 2016 /PRNewswire/ --Â Shutterstock, Inc. (NYSE: SSTK), a leading global provider of commercial imagery and music, today announced the hiring of Jeff Weiser as Chief Marketing Officer and Matthew Jagoda as Chief People Officer.
Jeff Weiser
As Chief Marketing Officer, Jeff will lead Shutterstock's global marketing organization responsible for building customer demand, identifying new revenue opportunities and increasing brand... More
Shutterstock Reports First Quarter 2016 Financial Results
May 4, 2016 7:01 AM EDTNEW YORK, May 4, 2016 /PRNewswire/ --
First Quarter 2016 Highlights:
Revenue increased 20% to $116.7 million Adjusted EBITDA increased 28% to $24.0 million Non-GAAP Net Income per diluted share increased 44% to $0.36 Repurchased an additional $27.8 million of stock Paid downloads increased 23% Image collection expanded 57% to 81.0 million images and video collection expanded 62% to 4.2 million clipsShutterstock, Inc. (NYSE: SSTK), a leading global provider of commercial imagery and music, today announced financial results for the first quarter ended March 31,... More
