secwatch.observer — SEC 8-K summary
======================================

Issuer:     Shutterstock, Inc. (SSTK)
CIK:        0001549346
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001549346-25-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Shutterstock posts record FY 2024 revenue of $935.3M, up 7% YoY; Q4 revenue up 15%
--------------------------------------------------------------------------------

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549346/000154934625000009/0001549346-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549346/000154934625000009/sstk-20250225.htm
  HTML page:      https://secwatch.observer/filing/0001549346-25-000009

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