2023-08-01 07:12:19 ET
- Shutterstock press release ( NYSE: SSTK ): Q2 Non-GAAP EPS of $1.07 beats by $0.06 .
- Revenue of $208.84M (+0.9% Y/Y) misses by $5.57M .
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Key Operating Metrics
- Subscribers increased to 556,000.
- Subscriber revenue increased to $87.4 million.
- Average revenue per customer increased to $374.
- Paid downloads decreased to 38.5 million.
- Revenue per download increased to $4.71.
- Image collection expanded to 734 million images.
- Footage collection expanded to 50 million clips.
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The Company increased its guidance for the full year 2023, to the following:
- Revenue of $852 million to $869 million, representing annual growth of 3% to 5%.
- Adjusted EBITDA of between $227 million to $235 million.
- Adjusted net income per diluted share of between $4.00 to $4.17.
For further details see:
Shutterstock Non-GAAP EPS of $1.07 beats by $0.06, revenue of $208.84M misses by $5.57M