Shutterstock Reports First Quarter 2019 Financial Results
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Shutterstock (SSTK) Misses Q1 EPS by 7c, Revenues Miss; FY19 Revenue Mid-Point Guidance Above Consensus
April 25, 2019 7:22 AM EDTShutterstock (NYSE: SSTK) reported Q1 EPS of $0.35, $0.07 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $163.3 million versus the consensus estimate of $166.8 million.
Key Operating Metrics
Paid downloads increased 8.0% to 47.2 million.Revenue per download increased 0.6% to $3.42.Image collection expanded 39.3% to over 260 million images.Video collection expanded 43.7% to over 14 million clips.Financial Highlights
Revenue increased 6.7% to $163.3 million. Excluding revenue from Webdam (which was sold in the first quarter of 2018), on a constant currency basis, revenue... More