Shutterstock Aktie News

Shutterstock, Inc. (SSTK) Q4 2023 Earnings Call Transcript

NEW YORK , Feb. 21, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform connecting brands and businesses to high-quality content, today announced financial results for the full year and fourth quarter ended December 31, 2023. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "Shutterstock del...

NEW YORK , Feb. 5, 2024 /PRNewswire/ --  Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform connecting brands and businesses to high-quality content, will report its fourth quarter 2023 business and financial results on Wednesday February 21, 2024 before the market opens. The company will host a conference call at 8:30 a.m.

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Acquisition Expands the Reach of Exclusive, High Quality Candid Entertainment News and Archival Content from the World's Top Photographers NEW YORK , Feb. 1, 2024 /PRNewswire/ --  Shutterstock, Inc. (NYSE: SSTK ), a leading global creative platform connecting brands and businesses to high-quality content, today announced the acquisition of Backgrid, a global premier destination for celebrity ne...

New York , Jan. 30, 2024 /PRNewswire/ --  Shutterstock, Inc. (NYSE: SSTK ), a leading global creative platform connecting brands and businesses to high-quality content, today announced that its Board of Directors has declared a cash dividend of $0.30 per share of outstanding common stock on January 29, 2024, payable on March 14, 2024, to stockholders of record at the close of business on Februa...

In July 2023, Shutterstock signed long-term data partnerships with OpenAI, a pioneer in Generative AI, representing a budding new industry for Shutterstock, as seen in their Q3 results. I think the dip in their operating metrics like subscriber count for their subscription side of the business is part-and-parcel of a normal post-pandemic shedding process. Shutterstock trades at a steep discount...

Shutterstock is a misunderstood company with strong growth prospects and a reasonable valuation. The company is transitioning to subscription-based revenue and has upside potential from the recent Giphy acquisition and AI-related data revenue growth. Investors should consider purchasing shares in Shutterstock at the current enterprise value of approximately $1.7 billion.