Shutterstock Reports Fourth Quarter and Full Year 2018 Financial Results
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Shutterstock (SSTK) Tops Q4 EPS by 11c, Revenues Miss; Offers FY19 Revenue Mid-Point Guidance Below Consensus
February 26, 2019 7:12 AM ESTShutterstock (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... More