Shutterstock supplements proxy with financial forecasts and valuation details to address merger-related litigation

Shutterstock, Inc.

Two stockholder lawsuits filed against Shutterstock and board alleging false/misleading proxy; company voluntarily supplements.
Shutterstock forecasts: revenue $940M (2024E) declining to $935M (2034E); adjusted EBITDA $247M to $249M.
Getty Images forecasts: revenue $939M (2024E) to $1.08B (2029E); adjusted EBITDA $293M to $347M.
Fairness opinions updated: J.P. Morgan and Allen & Company DCF and comp analyses with specific multiples disclosed.
Special stockholder meeting to vote on merger remains scheduled for June 10, 2025.

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