Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Shutterstock, Inc. reported first quarter ended March 31, 2023 results: revenue $215.3 million, net income $32.8 million, EPS $0.90.
- Period
- first quarter ended March 31, 2023
- Revenue
- $215.3 million
- Net income
- $32.8 million
- EPS
- $0.90
- Result
- reported results
Exact text from the filing
Financial Highlights • Revenue increased 8% to $215.3 million. On a constant currency basis, revenue increased 10%. • Income from operations increased 26% to $40.4 million. • Net income increased 24% to $32.8 million. • Adjusted EBITDA increased 27% to $69.8 million. • Net income per diluted share increased $0.19 to $0.90. • Adjusted net income per diluted share increased $0.29 to $1.29. • Operating cash flows increased $44.1 million to $66.8 million. • Free cash flow increased $40.7 million to $50.9 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Shutterstock, Inc. updated its full year 2023 guidance (raised).
- Period
- full year 2023
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
We integrated generative AI into our offering and also concluded landmark data partnerships with some of the largest companies in the world. Our investments are paying tangible dividends, as demonstrated by record Adjusted EBITDA in the first quarter and increased guidance for the full year.
View on SEC.gov