NYSE$SSTK
Shutterstock Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Shutterstock's financial performance remained flat, with revenue decreases in net income and adjusted EBITDA.
Shutterstock's Q4 2023 revenue remained flat compared to Q4 2022, with a net loss of $1.0 million and adjusted EBITDA decreasing by 21% to $46.3 million. The decrease in net income was unfavorably impacted by expenses associated with reimbursable costs paid to the Giphy workforce in addition to increased marketing expenses, while the decrease in adjusted EBITDA was primarily due to higher operating expenses associated with the acquisition of Giphy.
- Revenue decreased $0.5 million to $217.2 million.
- Net loss was $1.0 million, a decrease of 114%.
- Adjusted EBITDA decreased 21% to $46.3 million.
- Content revenue decreased 10% to $177.5 million, while Data, Distribution, and Services revenue increased 96.4% to $39.7 million.
Headline financials
Revenue & EPS history
Shutterstock · Revenue · Quarterly
$217M
Forward guidance
The Company increased its guidance for the full year 2024, to the following: •Revenue of $875 million and Adjusted EBITDA of $241 million. unchanged from 2023. •Adjusted net income per diluted share of between $4.15 to $4.30.
Tailwinds
- Revenue of $875 million
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 2023
+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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