Shutterstock Reports Third Quarter 2019 Financial Results

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Go back to Shutterstock Reports Third Quarter 2019 Financial Results

Shutterstock (SSTK) Misses Q3 EPS by 4c, Revenues Miss; Provides FY19 Revenue Outlook

November 5, 2019 7:26 AM EST

Shutterstock (NYSE: SSTK) reported Q3 EPS of $0.14, $0.04 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $159.1 million versus the consensus estimate of $161.77 million.

Third Quarter 2019 highlights compared to Third Quarter 2018:

Key Operating Metrics

Paid downloads increased 5% to 46.3 million.Revenue per download remained flat at $3.40.Image collection expanded 34% to approximately 297 million images.Video collection expanded 33% to... More