Shutterstock (SSTK) Misses Q4 EPS by 4c, Beats on Revenues; FY18 Revenues Guidance Above Consensus

Note: EPS may not be comparable

Shutterstock (NYSE: SSTK) reported Q4 EPS of $0.30, $0.04 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $151.8 million versus the consensus estimate of $143.83 million.

Fourth Quarter 2017 highlights as compared to Fourth Quarter 2016:

Key Operating Metrics

• Paid downloads increased 4% to 43.9 million
• Revenue per download increased 11% to $3.33

Financial Highlights

• Revenue increased 16.6% to $151.8 million (on a constant currency basis, increased 13.9%)
• Income from operations decreased 46% to $7.2 million
• Net income decreased 79% to $2.1 million
• Adjusted EBITDA decreased 10% to $23.3 million
• Diluted EPS decreased 78% to $0.06 per share

GUIDANCE:

Shutterstock sees FY2018 revenue of $625-635 million, versus the consensus of $609.22 million.

For earnings history and earnings-related data on Shutterstock (SSTK) click here.

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