Shutterstock (SSTK) Tops Q1 EPS by 28c

Shutterstock (NYSE: SSTK) reported Q1 EPS of $0.98, $0.28 better than the analyst estimate of $0.70. Revenue for the quarter came in at $183.3 million versus the consensus estimate of $175.67 million.

• Subscribers increased 46% to 306,000.
• Subscriber revenue increased 20% to $76.5 million.
• Average revenue per customer, increased 4.0% to $342.
• Paid downloads decreased 2% to 45.8 million.
• Revenue per download increased 16% to $3.96.
• Image collection expanded 12% to approximately 370 million images.
• Footage collection expanded 17% to approximately 21 million clips.

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

You May Also Be Interested In

• Ennis (EBF) Reports In-Line Q1 EPS
• Alphabet slides over 6% as AI brain drain and SpaceX slump converge
• Middleby board approves spin-off of food processing unit Midera