secwatch.observer — SEC 8-K summary
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Issuer:     Shutterstock, Inc. (SSTK)
CIK:        0001549346
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001549346-23-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549346/000154934623000041/0001549346-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549346/000154934623000041/sstk-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001549346-23-000041

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