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Sep 30, 2020
Shutterstock Q3 2020 Earnings Report
Shutterstock's Q3 2020 performance was marked by revenue growth and improved margins.
Key Takeaways
Shutterstock reported a strong third quarter with a 4% increase in revenue to $165.2 million. Net income increased significantly by $17.6 million to $22.6 million, and diluted EPS rose to $0.62 per share. The company saw a substantial improvement in margins, driving an increase in adjusted EBITDA by $25.8 million to $47.4 million.
Revenue increased by 4% to $165.2 million compared to Q3 2019.
Net income increased by $17.6 million to $22.6 million.
Subscribers increased 39% to 255,000.
Adjusted EBITDA increased by $25.8 million to $47.4 million.
Forward Guidance
No forward guidance provided in this report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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