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Dec 31, 2019
Shutterstock Q4 2019 Earnings Report
Shutterstock's Q4 2019 financial performance reflected solid revenue growth and significant cash flow generation, with the contributor base reaching over $1 billion in earnings paid.
Key Takeaways
Shutterstock reported a 3% increase in revenue to $166.4 million for Q4 2019. Net income decreased by 71% to $4.4 million, and adjusted EBITDA decreased by 29% to $24.1 million. The company announced a quarterly dividend of $0.17 per share.
Revenue increased by 3% to $166.4 million.
Net income decreased by 71% to $4.4 million.
Adjusted EBITDA decreased by 29% to $24.1 million.
A quarterly cash dividend of $0.17 per share was announced.
Forward Guidance
The Company's current expectations for full year 2020, are as follows: •Revenue of $665 million to $690 million, representing growth of 2% to 6%. •Adjusted EBITDA of between $100 million to $107 million, representing growth of 4% to 11%. •Adjusted net income per diluted share of between $1.42 and $1.58, representing growth of 15% to 28%.
Positive Outlook
- Revenue of $665 million to $690 million, representing growth of 2% to 6%.
- Adjusted EBITDA of between $100 million to $107 million, representing growth of 4% to 11%.
- Adjusted net income per diluted share of between $1.42 and $1.58, representing growth of 15% to 28%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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