{"schema_version":"secwatch.filing_event.v1","accession":"0001549346-23-000020","form_type":"8-K","ticker":"SSTK","cik":"0001549346","company_name":"Shutterstock, Inc.","filed_at":"2023-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.345495+00:00","generated_at":"2026-06-16T16:14:59.873561+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Shutterstock Q1 revenue up 8% to $215.3M; record Adj. EBITDA; raises FY2023 guidance","bullets":["Revenue $215.3M (+8% YoY, +10% constant currency); net income $32.8M (+24%).","Adjusted EBITDA $69.8M (record, +27% YoY); margin 32.4% (+490 bps).","GAAP EPS $0.90; adjusted EPS $1.29; both up YoY.","Enterprise revenue $95.5M (+33%) driven by data partnerships and Studios; E-commerce $119.8M (-6%).","FY2023 guidance raised: revenue $844-853M, Adj. EBITDA $227-231M, Adj. EPS $4.00-4.10."],"urls":{"canonical":"https://secwatch.observer/filing/0001549346-23-000020","json":"https://secwatch.observer/filing/0001549346-23-000020.json","markdown":"https://secwatch.observer/filing/0001549346-23-000020.md","text":"https://secwatch.observer/filing/0001549346-23-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1549346/000154934623000020/0001549346-23-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1549346/000154934623000020/sstk-20230425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T16:14:59.873561+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a3d70dd3ecf45030a02b9da0423abbb6b0e4b051","claim":"Shutterstock, Inc. reported first quarter ended March 31, 2023 results: revenue $215.3 million, net income $32.8 million, EPS $0.90.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549346/000154934623000020/0001549346-23-000020-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$215.3 million"},{"label":"Net income","value":"$32.8 million"},{"label":"EPS","value":"$0.90"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cf62789d3bed2f0abcad7990ceca1987634214f5","claim":"Shutterstock, Inc. updated its full year 2023 guidance (raised).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549346/000154934623000020/0001549346-23-000020-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}