SSTK Earnings Prediction
The chart below shows how SSTK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SSTK sees a +5.20% change in stock price 10 days leading up to the earnings, and a -3.20% change 10 days following the report. On the earnings day itself, the stock moves by +2.52%. This data can give you a slight idea of what to expect for the next quarter's release.
SSTK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
250.59M
7.43%
13.88%
Gross Margin
58.34%
-2.13%
-0.32%
Operating Margin
7.24%
-1.76%
-22.90%
Net Margin
7.03%
-42.28%
326.06%
EPS
0.50
-36.71%
400.00%
No Data Available
SSTK Earnings Analysis
SHUTTERSTOCK, INC. Corporation (SSTK.N) Earnings Conference Call
Positive
Record Q3 Revenue Growth: ShutterStock reported record third quarter revenues of $250.6 million, up 7.4% year-over-year, with both business lines performing well against expectations.
Content Revenue Growth: Content revenue was $204 million, representing a 14% increase compared to the prior year, indicating strong growth in this segment.
Record Adjusted EBITDA Performance: Adjusted EBITDA for the third quarter was a record $70 million with a 27.9% EBITDA margin, showcasing effective cost management and operational efficiency.
Strong Free Cash Flow: Free cash flow was strong at $45.7 million in the third quarter, reflecting the company's solid financial health and ability to generate cash.
Strong Demand and Engagement: The company continues to see strong demand for its products, with a significant increase in customer engagement and a growing pipeline of new business opportunities.
Negative
Customer Acquisition Slowdown: Customer growth declined by 7% year-over-year, indicating a slowdown in acquiring new customers.
Content Revenue Decline: Content revenues, excluding the contribution from Envato, decreased by 7% year-over-year, reflecting challenges in the content segment.
Rising Operating Expenses: Operating expenses increased to 13% of revenue compared to 11% in the prior year, indicating rising costs.
EBITDA Margin Decline: Adjusted EBITDA margin decreased to 27.9% in the third quarter, down from previous margins, reflecting pressure on profitability.
R&D Spending Decline: The company anticipates a decline in capitalized R&D spending in the upcoming quarters, which may impact future product development.
SSTK FAQs
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SSTK Earning Call Sentiment
Shutterstock, Inc. (SSTK) Q3 2024 Earnings Call Transcript
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SSTK.N
0.72%Positive
The earnings call highlights strong financial performance with revenue growth, increased guidance, and strategic acquisitions. The positive sentiment from analysts regarding Envato's growth and GIPHY's potential further supports optimism. Despite competitive pressures and regulatory concerns, the company is addressing market demand and maintaining a healthy cash balance. The share repurchase and dividend payments indicate confidence in financial health. Given the market cap, the stock is likely to see a positive movement of 2% to 8% over the next two weeks.
