secwatch.observer — SEC 8-K summary
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Issuer:     Shutterstock, Inc. (SSTK)
CIK:        0001549346
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001549346-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shutterstock FY2023 revenue up 6% to $874.6M; Q4 net loss of $1.0M; 2024 guidance flat
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- FY2023 revenue $874.6M (+6% YoY); net income $110.3M (+45%); adjusted EBITDA $240.8M (+10%).
- Q4 2023 revenue $217.2M (flat YoY); net loss $1.0M vs net income $7.0M a year ago.
- Content revenue fell 7% for FY2023; Data, Distribution & Services revenue surged 256% to $137.3M.
- Dividend raised to $0.30/share (payable March 14, 2024); 2027 targets: $1.2B revenue, 28-30% EBITDA margin.
- 2024 guidance: revenue $875M, adjusted EBITDA $241M, adjusted EPS $4.15-$4.30; subscriber count fell to 523K from 586K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549346/000154934624000004/0001549346-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549346/000154934624000004/sstk-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001549346-24-000004

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