Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Shutterstock, Inc. reported first quarter ended March 31, 2024 results: revenue $214.3 million, net income $16.1 million, EPS $0.45.
- Period
- first quarter ended March 31, 2024
- Revenue
- $214.3 million
- Net income
- $16.1 million
- EPS
- $0.45
- Result
- reported results
Exact text from the filing
depth. We look forward to welcoming the entire Envato team to Shutterstock.” First Quarter 2024 measures as compared to First Quarter 2023: Financial Measures ● Revenues were $214.3 million compared to $215.3 million. ● Net income was $16.1 million compared to $32.8 million. ● Net income per diluted common share was $0.45 compared to $0.90. ● Adjusted EBITDA was
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Shutterstock, Inc. entered into Share Purchase Agreement with Garnett-Saunders Pty Ltd, Draconis Holdings Pty Ltd and Ta’eed Felah Pty Ltd valued at approximately $245 million (effective 2024-05-01).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Garnett-Saunders Pty Ltd, Draconis Holdings Pty Ltd and Ta’eed Felah Pty Ltd
- Value
- approximately $245 million
- Effective
- 2024-05-01
Exact text from the filing
On May 1, 2024, Shutterstock, Inc. (the “Company”) entered into a Share Purchase Agreement (the “Purchase Agreement”) with Garnett-Saunders Pty Ltd, Draconis Holdings Pty Ltd and Ta’eed Felah Pty Ltd (collectively, the “Sellers”) and Shutterstock AUS EMU Pty Ltd., a wholly owned indirect subsidiary of the Company (“Purchaser”), pursuant to which the Sellers have agreed to sell, and Purchaser has agreed to purchase (the “Acquisition”), all of the issued and outstanding capital stock of Envato Pty Ltd. (“Envato”).
View on SEC.gov