Shutterstock reports record Q3 revenue $250.6M, EBITDA $70.0M; raises FY guidance; appoints new CFO

Shutterstock, Inc.

2024-Q3 EPS reported $1.04 revenue$684,956,000

Q3 revenue $250.6M (+7% YoY); Content revenue $203.7M (+14% on Envato contribution).
Adjusted net income $46.4M ($1.31 diluted EPS vs $1.26); Adjusted EBITDA $70.0M (27.9% margin, +0.2ppt).
FY 2024 guidance raised: revenue $935-940M, adjusted EPS $4.22-4.31, adjusted EBITDA $247-250M.
CFO Jarrod Yahes resigns effective Nov 1, 2024; Rik Powell (ex-Getty Images, Shake Shack) appointed successor.
Board declares $0.30/share dividend payable Dec 13, 2024; Q3 share repurchases $21M.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Rik Powell

Chief Financial Officer

SSTK · Shutterstock, Inc.

Effective: 2024-11-01
Filed: October 29, 2024, 7:59 PM ET

On October 28, 2024, the Board of Directors of the Company (the “Board”) unanimously appointed Rik Powell, the Company’s Senior Vice President, Finance and Investor Relations since June 3, 2024, as the Company’s Chief Financial Officer, effective November 1, 2024

Departed

Jarrod Yahes

Chief Financial Officer

SSTK · Shutterstock, Inc.

Effective: 2024-11-01
Successor: Rik Powell
Filed: October 29, 2024, 7:59 PM ET

On October 24, 2024, Jarrod Yahes notified Shutterstock, Inc. (the “Company”) of his resignation as Chief Financial Officer of the Company, effective November 1, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rik Powell was appointed as Chief Financial Officer at Shutterstock, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On October 28, 2024, the Board of Directors of the Company (the “Board”) unanimously appointed Rik Powell, the Company’s Senior Vice President, Finance and Investor Relations since June 3, 2024, as the Company’s Chief Financial Officer, effective November 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jarrod Yahes resigned as Chief Financial Officer at Shutterstock, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On October 24, 2024, Jarrod Yahes notified Shutterstock, Inc. (the “Company”) of his resignation as Chief Financial Officer of the Company, effective November 1, 2024

View on SEC.gov

Shutterstock, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-044480

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