Shutterstock Q2 rev $220.1M (+5% YoY), Adj EBITDA $62.1M, closes Envato buy for $250M

Shutterstock, Inc.

2024-Q2 EPS reported $0.55 revenue$434,368,000

Revenue $220.1M (+5% YoY); Net income $3.6M vs $50.0M due to prior-year bargain purchase gain
Adj EBITDA $62.1M (+3%); Adj EPS $1.00 vs $1.07; Adj net income $35.9M vs $39.1M
Completed Envato acquisition on July 22 for $250M in aggregate consideration
Subscribers down to 490K from 556K; Paid downloads 33.4M (-13% YoY); Revenue per download $5.09
FY2024 guidance: revenue $927-936M, Adj EPS $4.18-4.32, Adj EBITDA $245-248M

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