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Dec 31, 2021
Shutterstock Q4 2021 Earnings Report
Reported solid performance driven by Enterprise sales execution and continued popularity in subscription products.
Key Takeaways
Shutterstock's Q4 2021 revenue increased by 14% to $205.8 million compared to Q4 2020. Net income decreased by 35% to $16.9 million, and adjusted EBITDA decreased by 19% to $39.2 million.
Revenue increased 14% to $205.8 million.
Subscribers increased 22% to 343,000.
Subscriber revenue increased 14% to $81.4 million.
Average revenue per customer increased 11% to $368.
Forward Guidance
The Company’s current expectations for the full year 2022 are as follows: Revenue of $835 million to $850 million, representing annual growth of 8% - 10%. Adjusted EBITDA of between $210 million to $217 million. Adjusted net income per diluted share of between $3.65 to $3.80
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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