Raymond James Downgrades Shutterstock (SSTK) to Market Perform
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Shutterstock Reports Third Quarter 2016 Financial Results
November 4, 2016 7:02 AM EDTNEW YORK, Nov. 4, 2016 /PRNewswire/ --
Third Quarter 2016 highlights as compared to Third Quarter 2015:Â
Financial Highlights
Revenue increased 15% to $123.1 million Income from operations increased 40% to $11.3 million Net income increased 129% to $9.4 million Adjusted EBITDA increased 17% to $23.0 millionKey Operating Metrics     Â
Paid downloads increased 8% Revenue per download increased 5% Image collection expanded 61% to 102.7 million images Video collection expanded 64% to 5.4 million clipsÂ
Shutterstock, Inc. (NYSE:... More
