earnings
confidence high
sentiment positive
materiality 0.75
Shutterstock posts record FY 2024 revenue of $935.3M, up 7% YoY; Q4 revenue up 15%
Shutterstock, Inc.
2024-FY EPS
reported $1.01
vs consensus $0.91
▲ beat
(+10.4%)
- Full year revenue $935.3M (+7% YoY); net income $35.9M vs $110.3M in 2023 due to non-recurring bargain purchase gain.
- Q4 revenue $250.3M (+15% YoY); Content revenue $212.5M (+20%); Data/Distribution/Services down 5%.
- Adjusted EBITDA: FY $247.1M (+3% YoY); Q4 $59.1M (+28% YoY).
- Quarterly dividend raised to $0.33/share (from $0.30), payable March 20, 2025 to holders of record March 6.
- Pro forma subscribers 1,088,000 (incl. Envato), up from 523,000; paid downloads 125.8M in Q4 (pro forma).