---
schema_version: "secwatch.filing_event.v1"
accession: "0001549346-23-000041"
form_type: "8-K"
ticker: "SSTK"
cik: "0001549346"
company_name: "Shutterstock, Inc."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:38:37.620707+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Shutterstock Q3 revenue up 14% to $233.2M; raises FY2023 guidance

## Summary
- Revenue $233.2M (+14% YoY); net income $28.4M (+23%); adjusted EBITDA $64.7M (+15%).
- Enterprise revenue +60% to $127.2M (55% of total) driven by $45.5M from computer vision data partnerships.
- E-commerce revenue down 15% to $106M; paid downloads fell to 36.4M.
- Raised FY2023 guidance: revenue $869-886M, adjusted EBITDA $240-245M, adjusted EPS $4.18-4.30.
- Board declared $0.27/share quarterly dividend, payable Dec 14, 2023 to holders of record Nov 30.

## SEC filing metadata
- accession: 0001549346-23-000041
- form_type: 8-K
- ticker: SSTK
- cik: 0001549346
- company_name: Shutterstock, Inc.
- filed_at: 2023-10-31T23:59:59+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/1549346/000154934623000041/0001549346-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1549346/000154934623000041/sstk-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001549346-23-000041
- JSON: https://secwatch.observer/filing/0001549346-23-000041.json
- Plain text: https://secwatch.observer/filing/0001549346-23-000041.txt

## Key facts
- Earnings Releases
  Shutterstock, Inc. reported third quarter ended September 30, 2023 results: revenue $233.2 million, net income $28.4 million, EPS $0.79. Guidance raised.
  - Period: third quarter ended September 30, 2023
  - Revenue: $233.2 million
  - Net income: $28.4 million
  - EPS: $0.79
  - Guidance: raised
  - Result: reported results
  source text: we are again raising both revenue and EBITDA guidance for 2023.” Third Quarter 2023 highlights as compared to third quarter 2022: Financial Highlights • Revenue increased 14% to $233.2 million. • Income from operations decreased 40% to $17.2 million. • Net income increased 23% to $28.4 million. • Adjusted EBITDA increased 15% to $64.7 million. • Net income per diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1549346/000154934623000041/0001549346-23-000041-index.htm

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