Shutterstock Q4 revenue $217.7M (+6%); Adj. EBITDA $58.3M (+49%); full-year margin 26.3%

Shutterstock, Inc.

2022-FY EPS reported $2.08 revenue$827,826,000

Q4 revenue $217.7M (+6% YoY, +9% constant currency); enterprise revenue up 25% to $95.4M.
Q4 net income $7.0M (down 58%) includes $18.7M impairment; adjusted EPS $1.05 vs $0.77.
Full year revenue $827.8M (+7%); Adjusted EBITDA $218.1M (+13%); margin 26.3% (+130 bps).
Board declared dividend $0.27 per share (up from $0.24), payable March 16, 2023.
2023 guidance: revenue $836-853M, Adj. EBITDA $220-228M, adjusted EPS $3.90-$4.05.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Shutterstock, Inc. reported full year ended December 31, 2022 results: revenue $827.8 million, net income $76.1 million, EPS $2.08 per share.

Period: full year ended December 31, 2022
Revenue: $827.8 million
Net income: $76.1 million
EPS: $2.08 per share
Result: reported results

Exact text from the filing

Full year revenue of $827.8 million increased $54.4 million or 7% as compared to 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Shutterstock, Inc. reported fourth quarter ended December 31, 2022 results: revenue $217.7 million, net income $7.0 million, EPS $0.19.

Period: fourth quarter ended December 31, 2022
Revenue: $217.7 million
Net income: $7.0 million
EPS: $0.19
Result: reported results

Exact text from the filing

in this historic technology evolution around generative AI.” Fourth Quarter 2022 highlights as compared to Fourth Quarter 2021: Financial Highlights • Revenue increased 6% to $217.7 million. On a constant currency basis, revenue increased 9%. • Income from operations decreased 48% to $7.6 million. • Net income decreased 58% to $7.0 million. • Adjusted EBITDA

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Shutterstock, Inc. filing history →

Source: SEC EDGAR

accession 0001549346-23-000008

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