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Recap: Shutterstock Q2 Earnings

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  • SSTK

Shares of Shutterstock (NYSE:SSTK) gained 11% after the company reported Q2 results.

Quarterly Results

Earnings per share rose 87.88% over the past year to $0.62, which beat the estimate of $0.24.

Revenue of $159,230,000 declined by 1.55% from the same period last year, which beat the estimate of $149,340,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Shutterstock hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jul 28, 2020

View more earnings on SSTK

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/pxsuk2hq

Technicals

Company's 52-week high was at $45.98

Company's 52-week low was at $28.76

Price action over last quarter: Up 12.96%

Company Description

Shutterstock Inc is a U.S.-based company that is primarily engaged in provision of digital contents and digital asset management services. The content segment, whose offerings include photographs, illustrations, vector art, video clips, and music tracks, contributes almost all of the company's revenue. Shutterstock's digital content products are marketed under brands including Shutterstock, Bigstock, Offset, Shutterstock Music, and Shutterstock Editorial. Shutterstock is the company's flagship brand and the majority of the company's sales is derived from the company's shutterstock.com website. The company's customers include businesses, marketing agencies, and media organizations. Geographically, North America and Europe jointly account for the majority of the company's revenue.

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