secwatch.observer — SEC 8-K summary
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Issuer:     Shutterstock, Inc. (SSTK)
CIK:        0001549346
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001140361-24-044480
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549346/000114036124044480/0001140361-24-044480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549346/000114036124044480/ef20037820_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-044480

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer