secwatch.observer — SEC 8-K summary
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Issuer:     Shutterstock, Inc. (SSTK)
CIK:        0001549346
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001549346-24-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549346/000154934624000031/0001549346-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549346/000154934624000031/sstk-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001549346-24-000031

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