Overview
Creative solutions provider's Q4 revenue fell 12%, missing analyst expectations
Adjusted EPS for Q4 missed analyst expectations
Company reported a Q4 net loss of $16 mln, up from $1.4 mln loss last year
Outlook
Company will continue investing in AI services for data creation and enrichment
Shutterstock is working on regulatory approvals for merger with Getty Images
Company declines to provide financial guidance due to pending Getty Images merger
Result Drivers
DATA AND SERVICES REVENUE DROP - Revenue from Data, Distribution, and Services decreased by 19% in Q4
ENVATO CONTRIBUTION - Envato acquisition positively impacted full-year revenue growth in Content segment
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $220.20 mln | $252.27 mln (3 Analysts) |
Q4 Adjusted EPS | Miss | $0.67 | $0.80 (2 Analysts) |
Q4 Net Income | -$16 mln | ||
Q4 Adjusted EBITDA | $46.80 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for Shutterstock Inc is $28.85, about 67.1% above its February 13 closing price of $17.27
Press Release: ID:nPn55W0z3a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)