Shutterstock (SSTK) Misses Q4 EPS by 3c
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Shutterstock Reports Fourth Quarter and Full Year 2016 Financial Results
February 27, 2017 7:01 AM ESTNEW YORK, Feb. 27, 2017 /PRNewswire/ --
Full Year 2016 highlights as compared to Full Year 2015:
Financial Highlights
Revenue increased 16% to $494.3 million Income from operations increased 12% to $45.8 million Net income increased 67% to $32.6 million Adjusted EBITDA increased 13% to 95.5 million Diluted EPS increased 69% to $0.91 per shareKey Operating Metrics             Â
Paid downloads increased 14% Revenue per download increased 1% Image collection expanded 63% to 116.2 million images Video collection expanded 68% to 6.2 million clips