Shutterstock Reports Second Quarter 2019 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- Wall St futures muted as investors monitor US-Iran negotiations
- Oil falls after US-Iran talks signal easing supply risks
- Intel soars after Trump says Apple agreed to work with chipmaker on US production
- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
- Wall Street scrambles to lift Micron price targets ahead of earnings
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says
- China makes small dent in deflation battle as supply-demand imbalance persists
- Sanuwave cuts Q2 2026 revenue guidance amid Ultramist sales pressure
Shutterstock (SSTK) Misses Q2 EPS by 22c, Revenues Miss; Lowers FY19 Revenue Guidance Below Consensus
August 6, 2019 7:29 AM EDTShutterstock (NYSE: SSTK) reported Q2 EPS of $0.09, $0.22 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $161.7 million versus the consensus estimate of $171.81 million.
Second Quarter 2019 highlights compared to Second Quarter 2018:
Key Operating Metrics
Paid downloads increased 3% to 46.6 million.Revenue per download increased 1% to $3.44.Image collection expanded 37% to approximately 280 million images.Video collection expanded 37% to approximately 15 million clips.Financial Highlights
Revenue increased 3% to $161.7 million. On a constant currency basis, revenue increased 5%.Income from operations decreased 45% to $3.1 million.Net income... More