Shutterstock Reports First Quarter 2020 Financial Results

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Go back to Shutterstock Reports First Quarter 2020 Financial Results

Shutterstock (SSTK) Misses Q1 EPS by 10c, Revenues Miss; Withdraws FY20 Financial Guidance

April 28, 2020 7:09 AM EDT

Shutterstock (NYSE: SSTK) reported Q1 EPS of $0.12, $0.10 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $161.3 million versus the consensus estimate of $166.82 million.

Commenting on the Company's performance, Stan Pavlovsky, the Company's Chief Executive Officer, said, "Amidst unprecedented economic uncertainty globally, Shutterstock has remained resilient and strong, providing our customers with custom services and fresh and relevant content they need to reach their audiences during this time. We are grateful for our contributor community, who continue to document the extraordinary change in our daily lives. Our first quarter results... More