Steven Ciardiello resigned as Chief Accounting Officer at Shutterstock, Inc..
“On July 16, 2026, Steven Ciardiello notified Shutterstock, Inc. (the “Company”) of his decision to resign as Chief Accounting Officer of the Company, effective August 28 , 2026 following a transition period.”
Rik Powell was appointed as Interim Chief Executive Officer at Shutterstock, Inc..
“The Board appointed Rik Powell, the Company’s Chief Financial Officer, to serve as Interim Chief Executive Officer, effective immediately.”
Paul J. Hennessy departed as Chief Executive Officer at Shutterstock, Inc..
“On July 12, 2026, Paul J. Hennessy notified the Board of Directors (the “Board”) of Shutterstock, Inc. (the “Company”) of his decision to step down as the Company’s Chief Executive Officer and as a member of the Board, effective immediately.”
Earnings Releases
Shutterstock, Inc. reported the fiscal period ended March 31, 2026 results: revenue $199.2 million, net income Net loss was $47.6 million, EPS Net loss per diluted common share was $1.34.
“brands and $5.2 million was from our Backgrid and Splash branded content. First Quarter 2026 highlights as compared to First Quarter 2025: Financial Highlights • Revenues were $199.2 million compared to $242.6 million. • Net loss was $47.6 million compared to net income of $18.7 million. • Net loss per diluted common share was $1.34 compared to net income per diluted”
Rik Powell was appointed as Chief Financial Officer at Shutterstock, Inc..
“On October 28, 2024, the Board of Directors of the Company (the “Board”) unanimously appointed Rik Powell, the Company’s Senior Vice President, Finance and Investor Relations since June 3, 2024, as the Company’s Chief Financial Officer, effective November 1, 2024.”
Jarrod Yahes resigned as Chief Financial Officer at Shutterstock, Inc..
“On October 24, 2024, Jarrod Yahes notified Shutterstock, Inc. (the “Company”) of his resignation as Chief Financial Officer of the Company, effective November 1, 2024 (the “Effective Date”).”
Rik Powell was appointed as Chief Financial Officer at Shutterstock, Inc..
“On October 28, 2024, the Board of Directors of the Company (the “Board”) unanimously appointed Rik Powell, the Company’s Senior Vice President, Finance and Investor Relations since June 3, 2024, as the Company’s Chief Financial Officer, effective November 1, 2024”
Jarrod Yahes resigned as Chief Financial Officer at Shutterstock, Inc..
“On October 24, 2024, Jarrod Yahes notified Shutterstock, Inc. (the “Company”) of his resignation as Chief Financial Officer of the Company, effective November 1, 2024”
M&A Transactions
Shutterstock, Inc. completed an acquisition involving Envato Pty Ltd for approximately $250 million (closed 2024-07-22).
“the Company pursuant to the Purchase Agreement, after customary working capital and other adjustments in accordance with the terms of the Purchase Agreement, was approximately $250 million. This Form 8-K/A has been filed to amend and supplement the Original Form 8-K to provide the financial statements described in Item 9.01 below, which are permitted to be filed by”
John Caine departed as Chief Product and Digital Officer at Shutterstock, Inc..
“On August 19, 2024, Shutterstock, Inc. (the “Company”) notified John Caine that his employment as Chief Product and Digital Officer of the Company will end, effective August 23, 2024.”
Jaime Teevan was appointed as Class I Director at Shutterstock, Inc..
“appointed Jaime Teevan as Class I director of the Company, with a term expiring at the Company’s 2025 annual meeting of stockholders, effective July 8, 2024.”
Earnings Releases
Shutterstock, Inc. reported first quarter ended March 31, 2024 results: revenue $214.3 million, net income $16.1 million, EPS $0.45.
“depth. We look forward to welcoming the entire Envato team to Shutterstock.” First Quarter 2024 measures as compared to First Quarter 2023: Financial Measures ● Revenues were $214.3 million compared to $215.3 million. ● Net income was $16.1 million compared to $32.8 million. ● Net income per diluted common share was $0.45 compared to $0.90. ● Adjusted EBITDA was”
Material Agreements
Shutterstock, Inc. entered into Share Purchase Agreement with Garnett-Saunders Pty Ltd, Draconis Holdings Pty Ltd and Ta’eed Felah Pty Ltd valued at approximately $245 million (effective 2024-05-01).
“On May 1, 2024, Shutterstock, Inc. (the “Company”) entered into a Share Purchase Agreement (the “Purchase Agreement”) with Garnett-Saunders Pty Ltd, Draconis Holdings Pty Ltd and Ta’eed Felah Pty Ltd (collectively, the “Sellers”) and Shutterstock AUS EMU Pty Ltd., a wholly owned indirect subsidiary of the Company (“Purchaser”), pursuant to which the Sellers have agreed to sell, and Purchaser has agreed to purchase (the “Acquisition”), all of the issued and outstanding capital stock of Envato Pty Ltd. (“Envato”).”
Earnings Releases
Shutterstock, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $217.2 million, net income $1.0 million net loss, EPS ($0.03).
“Fourth Quarter 2023 highlights as compared to Fourth Quarter 2022: Financial Highlights • Revenues decreased $0.5 million to $217.2 million. • Income from operations decreased 72% to $2.1 million. • Net income / (loss) decreased 114% to a $1.0 million net loss.”
Earnings Releases
Shutterstock, Inc. reported the fiscal period ended December 31, 2023 results: revenue $874.6 million, net income $110.3 million, EPS $3.04 per share.
“pleased to announce Shutterstock’s 2027 long-term financial targets.” Full Year 2023 highlights as compared to Full Year 2022: Financial Highlights • Revenue increased 6% to $874.6 million. On a constant currency basis, revenue increased 5%. • Income from operations decreased 27% to $68.4 million. • Net income increased 45% to $110.3 million. • Adjusted EBITDA”
Earnings Releases
Shutterstock, Inc. reported third quarter ended September 30, 2023 results: revenue $233.2 million, net income $28.4 million, EPS $0.79. Guidance raised.
“we are again raising both revenue and EBITDA guidance for 2023.” Third Quarter 2023 highlights as compared to third quarter 2022: Financial Highlights • Revenue increased 14% to $233.2 million. • Income from operations decreased 40% to $17.2 million. • Net income increased 23% to $28.4 million. • Adjusted EBITDA increased 15% to $64.7 million. • Net income per diluted”
M&A Transactions
Shutterstock, Inc. completed an acquisition involving Meta Platforms, Inc. for $53 million in net cash, in addition to cash acquired, assumed debt and other working capital adjustments (closed 2023-06-23).
“has sold, and the Company has purchased, all of the issued and outstanding capital stock of Giphy. The consideration payable by the Company pursuant to the Purchase Agreement is $53 million in net cash, in addition to cash acquired, assumed debt and other working capital adjustments. This Form 8-K/A has been filed to amend and supplement the Form 8-K to provide the”
Earnings Releases
Shutterstock, Inc. reported second quarter ended June 30, 2023 results: revenue $208.8 million, net income $50.0 million, EPS $1.37. Guidance raised.
“Revenue increased 1% to $208.8 million. • Income from operations decreased 66% to $8.7 million. • Net income increased 157% to $50.0 million. • Adjusted EBITDA increased 23% to $60.1 million. • Net income per diluted share increased $0.84 to $1.37.”
M&A Transactions
Shutterstock, Inc. completed an acquisition involving Meta Platforms, Inc. for $53 million in net cash (closed 2023-06-23).
“has sold, and the Company has purchased, all of the issued and outstanding capital stock of Giphy. The consideration payable by the Company pursuant to the Purchase Agreement is $53 million in net cash, inclusive of working capital. The Purchase Agreement contains customary representations, warranties and covenants by the Company and Meta that are subject, in some”
Shareholder Votes
Shutterstock, Inc. shareholders approved Ratification of appointment of independent registered public accounting firm at the 2023-06-08 meeting.
“At the Annual Meeting, the Company’s stockholders ratified the Audit Committee’s appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.”
Shareholder Votes
Shutterstock, Inc. shareholders approved Advisory vote on the compensation of the Company's named executive officers at the 2023-06-08 meeting.
“At the Annual Meeting, the Company’s stockholders approved, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's proxy statement.”
Shareholder Votes
Shutterstock, Inc. shareholders approved Election of Class II directors at the 2023-06-08 meeting.
“At the Annual Meeting, the Company’s stockholders elected the following Class II director nominees to serve on the Company’s Board of Directors until the 2026 Annual Meeting of Stockholders or, in each case, until the director’s successor is duly elected and qualified or, if earlier, his or her death, resignation or removal.”
Material Agreements
Shutterstock, Inc. entered into Purchase Agreement with Meta Platforms, Inc. valued at $53 million in net cash (effective 2023-05-22).
“On May 22, 2023, Shutterstock, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Meta Platforms, Inc. (“Meta”) pursuant to which Meta has agreed to sell, and the Company has agreed to purchase (the “Acquisition”), all of the issued and outstanding capital stock of Giphy, Inc. (“GIPHY”).”
Earnings Releases
Shutterstock, Inc. updated its full year 2023 guidance (raised).
“We integrated generative AI into our offering and also concluded landmark data partnerships with some of the largest companies in the world. Our investments are paying tangible dividends, as demonstrated by record Adjusted EBITDA in the first quarter and increased guidance for the full year.”
Earnings Releases
Shutterstock, Inc. reported first quarter ended March 31, 2023 results: revenue $215.3 million, net income $32.8 million, EPS $0.90.
“Financial Highlights • Revenue increased 8% to $215.3 million. On a constant currency basis, revenue increased 10%. • Income from operations increased 26% to $40.4 million. • Net income increased 24% to $32.8 million. • Adjusted EBITDA increased 27% to $69.8 million. • Net income per diluted share increased $0.19 to $0.90. • Adjusted net income per diluted share increased $0.29 to $1.29. • Operating cash flows increased $44.1 million to $66.8 million. • Free cash flow increased $40.7 million to $50.9 million.”
Earnings Releases
Shutterstock, Inc. reported full year ended December 31, 2022 results: revenue $827.8 million, net income $76.1 million, EPS $2.08 per share.
“Full year revenue of $827.8 million increased $54.4 million or 7% as compared to 2021.”
Earnings Releases
Shutterstock, Inc. reported fourth quarter ended December 31, 2022 results: revenue $217.7 million, net income $7.0 million, EPS $0.19.
“in this historic technology evolution around generative AI.” Fourth Quarter 2022 highlights as compared to Fourth Quarter 2021: Financial Highlights • Revenue increased 6% to $217.7 million. On a constant currency basis, revenue increased 9%. • Income from operations decreased 48% to $7.6 million. • Net income decreased 58% to $7.0 million. • Adjusted EBITDA”
John Caine was appointed as Global Head of E-Commerce at Shutterstock, Inc..
“On January 17, 2023, Shutterstock, Inc. (the “Company”) announced that John Caine is joining the Company as Global Head of E-Commerce effective as of January 30, 2023.”
Peter Silvio resigned as Chief Technology Officer at Shutterstock, Inc..
“Shutterstock, Inc. (the “Company”) previously reported on a Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on June 1, 2022, that Peter Silvio, the Company’s Chief Technology Officer, resigned.”
Peter Silvio resigned as Chief Technology Officer at Shutterstock, Inc..
“On May 25, 2022, Peter Silvio resigned as the Chief Technology Officer of Shutterstock, Inc. (the “Company”), effective May 31, 2022.”
Paul J. Hennessy was appointed as Chief Executive Officer at Shutterstock, Inc..
“On May 9, 2022, the Company’s board of directors (the “Board”) appointed Paul J. Hennessy as Chief Executive Officer of the Company, effective July 1, 2022.”
Jonathan Oringer was appointed as Interim Chief Executive Officer at Shutterstock, Inc..
“the Board has appointed Jonathan Oringer, current Executive Chairman of the Board and former Chief Executive Officer of the Company, as interim Chief Executive Officer”
Stan Pavlovsky resigned as Director at Shutterstock, Inc..
“He also resigned from the Company’s board of directors (the “Board”) effective April 29, 2022”
Stan Pavlovsky resigned as Chief Executive Officer at Shutterstock, Inc..
“voluntary resignation by Stan Pavlovsky from his position as Chief Executive Officer of the Company”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.