Business
Shutterstock Reports First Quarter 2025 Financial Results
Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced financial results for the first quarter ended March 31, 2025.
About this update from Shutterstock, Inc.
[{"type":"text","content":"NEW YORK, May 2, 2025 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced financial results for the first quarter ended March 31, 2025.","length":324,"tagName":"p"},{"type":"image","alt":"Shutterstock Viewfinder Logo. (PRNewsFoto/Shutterstock)","displaySize":"","headline":null,"caption":"Shutterstock Viewfinder Logo. (PRNewsFoto/Shutterstock)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":57,"url":"https://media.zenfs.com/en/prnewswire.com/86999e5335c8935e8cfe346f771dec1b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/GxkvSlqEN_6LU4y883.8tQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwMDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/86999e5335c8935e8cfe346f771dec1b","width":400,"height":57}},"href":"https://mma.prnewswire.com/media/74148/SHUTTERSTOCK_LOGO_v2.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "I am pleased to report that Shutterstock started the year strong, with a first quarter that achieved year over year Content revenue growth of 17%, as well as improvements across many of our key financial metrics. As we continue to generate strong free cash flow at attractive margins, we remain committed to growth in both the Content and Data, Distribution and Services businesses in 2025."","length":511,"tagName":"p"},{"type":"text","content":"First Quarter 2025 highlights as compared to First Quarter 2024:","length":64,"tagName":"p"},{"type":"text","content":"Financial Highlights","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues were $242.6 million compared to $214.3 million.","length":56,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income was $18.7 million compared to $16.1 million.","length":55,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income per diluted common share was $0.53 compared to $0.45.","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net income was $36.3 million compared to $33.1 million.","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjust...