Jefferies Raises Price Target on Shutterstock (SSTK) Following Decent 1Q Report

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Go back to Jefferies Raises Price Target on Shutterstock (SSTK) Following Decent 1Q Report

Jeff Weiser to join Shutterstock as Chief Marketing Officer and Matthew Jagoda to join as Chief People Officer

May 4, 2016 8:00 AM EDT

NEW YORK, May 4, 2016 /PRNewswire/ -- 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 EDT

NEW 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 clips

Shutterstock, Inc. (NYSE: SSTK), a leading global provider of commercial imagery and music, today announced financial results for the first quarter ended March 31,... More