---
schema_version: "secwatch.filing_event.v1"
accession: "0001549346-23-000032"
form_type: "8-K"
ticker: "SSTK"
cik: "0001549346"
company_name: "Shutterstock, Inc."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:07:26.204589+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Shutterstock Q2 revenue up 1% to $208.8M; raises FY2023 guidance on top and bottom line

## Summary
- Net income $50.0M (diluted EPS $1.37) vs $19.4M in Q2 2022; includes $41.9M bargain purchase gain from GIPHY.
- Adjusted EBITDA $60.1M (+23% YoY); margin 28.8% vs 23.7%.
- Full year 2023 guidance raised: revenue $852-869M (3-5% growth); adj. EBITDA $227-235M; adj. EPS $4.00-4.17.
- Enterprise revenue up 22% to $96.9M, driven by $17.3M from computer vision data partnerships (vs $2.2M).
- Quarterly cash dividend declared $0.27 per share, payable Sept 14, record Aug 31.

## SEC filing metadata
- accession: 0001549346-23-000032
- form_type: 8-K
- ticker: SSTK
- cik: 0001549346
- company_name: Shutterstock, Inc.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1549346/000154934623000032/0001549346-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1549346/000154934623000032/sstk-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001549346-23-000032
- JSON: https://secwatch.observer/filing/0001549346-23-000032.json
- Plain text: https://secwatch.observer/filing/0001549346-23-000032.txt

## Key facts
- Earnings Releases
  Shutterstock, Inc. reported second quarter ended June 30, 2023 results: revenue $208.8 million, net income $50.0 million, EPS $1.37. Guidance raised.
  - Period: second quarter ended June 30, 2023
  - Revenue: $208.8 million
  - Net income: $50.0 million
  - EPS: $1.37
  - Guidance: raised
  - Result: reported results
  source text: Revenue increased 1% to $208.8 million. • Income from operations decreased 66% to $8.7 million. • Net income increased 157% to $50.0 million. • Adjusted EBITDA increased 23% to $60.1 million. • Net income per diluted share increased $0.84 to $1.37.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1549346/000154934623000032/0001549346-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.