NYSE$SSTK

Shutterstock Inc. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Shutterstock's Q4 2019 financial performance reflected solid revenue growth and significant cash flow generation, with the contributor base reaching over $1 billion in earnings paid.

Shutterstock reported a 3% increase in revenue to $166.4 million for Q4 2019. Net income decreased by 71% to $4.4 million, and adjusted EBITDA decreased by 29% to $24.1 million. The company announced a quarterly dividend of $0.17 per share.

  • Revenue increased by 3% to $166.4 million.
  • Net income decreased by 71% to $4.4 million.
  • Adjusted EBITDA decreased by 29% to $24.1 million.
  • A quarterly cash dividend of $0.17 per share was announced.

Headline financials

Total Revenue

$166M

Previous: $162M+2.7%
EPS (adj)

$0.26

Previous: $0.59-55.9%
Paid Downloads

47.7M

Previous: 46.8M+1.9%
Capital Expenditures

$6.53M

Previous: $5.34M+22.3%
Free Cash Flow

$19.1M

Previous: $28.3M-32.6%
Net Income

$4.4M

Previous: $14.9M-70.5%
Operating Income

$5.8M

Previous: $15.6M-62.9%
Gross Profit

$94.6M

Previous: $93.2M+1.4%
Cash & Equivalents

$303M

Previous: $231M+31.4%
Total Assets

$631M

Previous: $531M+18.6%
Stock-Based Comp

$4.93M

Previous: $5.88M-16.1%

Revenue & EPS history

Shutterstock · Revenue · Quarterly

$166M

Q4 2019+2.7%vs Q4 2018
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

The Company's current expectations for full year 2020, are as follows: •Revenue of $665 million to $690 million, representing growth of 2% to 6%. •Adjusted EBITDA of between $100 million to $107 million, representing growth of 4% to 11%. •Adjusted net income per diluted share of between $1.42 and $1.58, representing growth of 15% to 28%.

Tailwinds

  • Revenue of $665 million to $690 million, representing growth of 2% to 6%.
  • Adjusted EBITDA of between $100 million to $107 million, representing growth of 4% to 11%.
  • Adjusted net income per diluted share of between $1.42 and $1.58, representing growth of 15% to 28%.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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