Shutterstock Reports Fourth Quarter and Full Year 2020 Financial Results
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Shutterstock (SSTK) Tops Q4 EPS by 33c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus
February 11, 2021 7:10 AM ESTShutterstock (NYSE: SSTK) reported Q4 EPS of $0.93, $0.33 better than the analyst estimate of $0.60. Revenue for the quarter came in at $180.9 million versus the consensus estimate of $174 million.
Fourth Quarter 2020 highlights as compared to Fourth Quarter 2019:
Key Operating Metrics
Subscribers increased 45%, to 281,000.Subscriber revenue increased 18% to $71.1 million.Average revenue per customer, increased 0.9% to $333.Paid downloads decreased 4% to 45.8 million.Revenue per download increased by $0.47 to $3.91.Image collection expanded 15% to over 360... More