NYSE$SSTK
Shutterstock Inc. · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Shutterstock's first quarter results reflected the strength of the Shutterstock brand amidst unprecedented economic uncertainty.
Shutterstock's Q1 2020 revenue decreased by 1% to $161.3 million compared to Q1 2019. Net income decreased by 43% to $4.3 million, and diluted EPS decreased to $0.12 per share. The company withdrew its 2020 financial guidance due to the COVID-19 pandemic, but expects to produce significant earnings and free cash flow in 2020.
- Revenue decreased 1% to $161.3 million.
- Net income decreased 43% to $4.3 million.
- Diluted EPS decreased to $0.12 per share.
- The company withdrew its 2020 financial guidance due to uncertainties related to the COVID-19 pandemic.
Headline financials
Revenue & EPS history
Shutterstock · Revenue · Quarterly
$161M
Forward guidance
Due to the significant uncertainty that remains regarding the COVID-19 pandemic, including the pace of recovery, the severity of the impact on the global economy, the company is withdrawing the 2020 financial guidance. At current volumes, they expect to produce significant earnings and free cash flow in 2020, allowing them to continue paying a quarterly dividend and reinvesting in their business.
Tailwinds
- Expect to produce significant earnings in 2020 at current volumes.
- Expect to produce significant free cash flow in 2020 at current volumes.
- Continue paying a quarterly dividend.
- Reinvesting in the business.
- Well positioned financially with $296 million in cash and no debt.
Headwinds
- Significant uncertainty regarding the COVID-19 pandemic.
- Uncertainty regarding the pace of recovery.
- Uncertainty regarding the severity of the impact on the global economy.
- Uncertainty regarding customers’ ability to maintain marketing spend.
- Difficulty in forecasting.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+1.0%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-2.8%
Avg return
30 days after
51%
31 / 61 earnings
Positive
+27.5%
Q3 2015
Best reaction
-33.7%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.4% | -6.0% | -11.9% | |
| Q4 2025 | -12.3% | -7.1% | -1.4% | |
| Q3 2025 | +4.6% | +2.1% | -12.4% | |
| Q1 2025 | -0.7% | +2.9% | -6.1% | |
| Q4 2024 | -6.9% | -12.2% | -24.7% | |
| Q3 2024 | +12.2% | +8.8% | +7.6% | |
| Q2 2024 | -3.7% | -3.7% | -8.5% | |
| Q1 2024 | -7.5% | -7.4% | -4.3% | |
| Q4 2023 | +0.6% | +4.5% | +4.3% | |
| Q3 2023 | +8.8% | +21.6% | +28.0% | |
| Q2 2023 | -16.7% | -15.2% | -18.2% | |
| Q1 2023 | -2.2% | -0.6% | -27.4% | |
| Q4 2022 | +10.3% | +6.8% | -2.9% | |
| Q3 2022 | +9.5% | +12.5% | +14.7% | |
| Q2 2022 | -2.6% | -4.4% | +1.6% | |
| Q1 2022 | -0.4% | -2.7% | -25.5% | |
| Q4 2021 | -5.4% | -1.3% | -7.2% | |
| Q3 2021 | -2.6% | +0.4% | -5.7% | |
| Q2 2021 | -3.7% | +0.8% | +5.4% | |
| Q1 2021 | -7.4% | -10.3% | -7.7% | |
| Q4 2020 | +24.5% | +24.8% | +33.6% | |
| Q3 2020 | +11.8% | +5.1% | +8.0% | |
| Q2 2020 | +19.9% | +25.2% | +11.3% | |
| Q1 2020 | -1.4% | -6.5% | -5.4% | |
| Q4 2019 | -7.5% | -7.8% | -23.8% | |
| Q3 2019 | -1.3% | -1.9% | +0.6% | |
| Q2 2019 | -7.4% | -8.2% | -6.2% | |
| Q1 2019 | -8.8% | -11.6% | -15.5% | |
| Q4 2018 | +6.0% | +8.6% | +6.0% | |
| Q3 2018 | -8.4% | -10.6% | -14.0% | |
| Q2 2018 | +3.6% | +14.5% | +19.5% | |
| Q1 2018 | -15.9% | -16.2% | -8.5% | |
| Q4 2017 | +12.8% | +12.1% | +10.3% | |
| Q3 2017 | +11.0% | +7.0% | +24.1% | |
| Q2 2017 | -17.5% | -17.8% | -20.6% | |
| Q1 2017 | +0.3% | +1.0% | +8.4% | |
| Q4 2016 | -15.5% | -18.2% | -19.9% | |
| Q3 2016 | -8.5% | -10.6% | -17.7% | |
| Q2 2016 | -0.2% | +0.9% | +2.5% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | +15.6% | — | — | |
| Q3 2015 | +27.5% | — | — | |
| Q2 2015 | -33.7% | — | — | |
| Q1 2015 | -4.7% | — | — | |
| Q4 2014 | +1.7% | — | — | |
| Q3 2014 | +5.2% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | -1.4% | — | — | |
| Q4 2013 | +18.6% | — | — | |
| Q3 2013 | +4.2% | — | — | |
| Q2 2012 | +2.7% | — | — | |
| Q2 2013 | +7.0% | — | — | |
| Q1 2012 | +6.3% | — | — | |
| Q1 2013 | +3.8% | — | — | |
| Q2 2011 | +4.8% | — | — | |
| Q1 2011 | +4.8% | — | — | |
| Q4 2010 | +4.8% | — | — | |
| Q4 2012 | +24.2% | — | — | |
| Q3 2011 | -4.9% | — | — | |
| Q4 2011 | -4.9% | — | — | |
| Q3 2012 | +2.2% | — | — |
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