Shutterstock Reports Third Quarter 2019 Financial Results
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Shutterstock (SSTK) Misses Q3 EPS by 4c, Revenues Miss; Provides FY19 Revenue Outlook
November 5, 2019 7:26 AM ESTShutterstock (NYSE: SSTK) reported Q3 EPS of $0.14, $0.04 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $159.1 million versus the consensus estimate of $161.77 million.
Third Quarter 2019 highlights compared to Third Quarter 2018:
Key Operating Metrics
Paid downloads increased 5% to 46.3 million.Revenue per download remained flat at $3.40.Image collection expanded 34% to approximately 297 million images.Video collection expanded 33% to... More