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Dec 31, 2022
Shutterstock Q4 2022 Earnings Report
Shutterstock achieved record revenues and EBITDA.
Key Takeaways
Shutterstock reported a 6% increase in revenue to $217.7 million and a 49% increase in Adjusted EBITDA to $58.3 million. Net income decreased 58% to $7.0 million, while adjusted net income per diluted share increased to $1.05. The company's subscriber base grew, and it integrated generative AI into its Creative Flow platform.
Revenue increased 6% to $217.7 million.
Net income decreased 58% to $7.0 million.
Adjusted EBITDA increased 49% to $58.3 million.
Subscribers increased to 586,000.
Forward Guidance
The Company’s current expectations for the full year 2023 are as follows: •Revenue of $836 million to $853 million, representing annual growth of 1% to 3%. •Adjusted EBITDA of between $220 million to $228 million. •Adjusted net income per diluted share of between $3.90 to $4.05.
Positive Outlook
- Revenue of $836 million to $853 million, representing annual growth of 1% to 3%.
- Adjusted EBITDA of between $220 million to $228 million.
- Adjusted net income per diluted share of between $3.90 to $4.05.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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