Benzinga | Oct 27, 2020 07:39AM EDT

Shutterstock: Q3 Earnings Insights



Shares of Shutterstock (NYSE:SSTK) moved higher by 4% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 175.86% over the past year to $0.80, which may not compare to the estimate of $0.29.

Revenue of $165,227,000 higher by 3.86% year over year, which beat the estimate of $160,820,000.

Outlook

Shutterstock hasn't issued any earnings guidance for the time being.

Shutterstock hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 27, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/yyz3quha

Technicals

52-week high: $62.87

Company's 52-week low was at $28.76

Price action over last quarter: Up 19.68%

Company Overview

Shutterstock Inc is a U.S.-based company that is primarily engaged in provision of digital contents and digital asset management services. The content segment, whose offerings include photographs, illustrations, vector art, video clips, and music tracks, contributes almost all of the company's revenue. Shutterstock's digital content products are marketed under brands including Shutterstock, Bigstock, Offset, Shutterstock Music, and Shutterstock Editorial. Shutterstock is the company's flagship brand and the majority of the company's sales is derived from the company's shutterstock.com website. The company's customers include businesses, marketing agencies, and media organizations. Geographically, North America and Europe jointly account for the majority of the company's revenue.