Shutterstock Reports Second Quarter 2019 Financial Results
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Shutterstock (SSTK) Misses Q2 EPS by 22c, Revenues Miss; Lowers FY19 Revenue Guidance Below Consensus
August 6, 2019 7:29 AM EDTShutterstock (NYSE: SSTK) reported Q2 EPS of $0.09, $0.22 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $161.7 million versus the consensus estimate of $171.81 million.
Second Quarter 2019 highlights compared to Second Quarter 2018:
Key Operating Metrics
Paid downloads increased 3% to 46.6 million.Revenue per download increased 1% to $3.44.Image collection expanded 37% to approximately 280 million images.Video collection expanded 37% to approximately 15 million clips.Financial Highlights
Revenue increased 3% to $161.7 million. On a constant currency basis, revenue increased 5%.Income from operations decreased 45% to $3.1 million.Net income... More