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Shutterstock misses Q4 revenue estimates, declines to provide guidance due to pending Getty Images merger

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

MetricBeat/MissActualConsensus Estimate
Q4 RevenueMiss$220.20 mln$252.27 mln (3 Analysts)
Q4 Adjusted EPSMiss$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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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