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Dec 31, 2020
Shutterstock Q4 2020 Earnings Report
Shutterstock's Q4 2020 performance was exceptionally strong, marked by revenue growth across all geographies and channels, including a return to growth in the Enterprise channel.
Key Takeaways
Shutterstock reported a strong finish to 2020 with revenue increasing by 9% to $180.9 million and net income increasing by 495% to $25.9 million. The company saw growth across all geographies and channels, including a return to growth in the Enterprise channel. The acquisition of Turbosquid is expected to generate valuable synergies and additional growth opportunities.
Subscribers increased 45% to 281,000.
Subscriber revenue increased 18% to $71.1 million.
Net income increased 495% to $25.9 million.
Free cash flow increased 232% to $58.6 million.
Forward Guidance
The Company’s current expectations for the full year 2021, are as follows:
Positive Outlook
- Revenue of $708 million to $722 million, representing growth of 6% to 8%.
- Adjusted EBITDA of between $165 million to $171 million.
- Adjusted net income per diluted share of between $2.75 to $2.90.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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