secwatch.observer — SEC 8-K summary
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Issuer:     Shutterstock, Inc. (SSTK)
CIK:        0001549346
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001549346-23-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shutterstock Q1 revenue up 8% to $215.3M; record Adj. EBITDA; raises FY2023 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549346/000154934623000020/0001549346-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549346/000154934623000020/sstk-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001549346-23-000020

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