Welcome to our dedicated page for Shutterstock news (Ticker: SSTK), a resource for investors and traders seeking the latest updates and insights on Shutterstock stock.
Shutterstock, Inc. (NYSE: SSTK) is a global creative platform and data-driven content company whose news flow reflects developments across digital content licensing, data and AI solutions, and corporate strategy. Company press releases and SEC filings highlight regular updates on financial performance, including quarterly and annual results that break out revenue between its Content and Data, Distribution, and Services product offerings, as well as key operating metrics such as subscribers, subscriber revenue and paid downloads.
News about Shutterstock also covers its evolution as a family of brands delivering scalable creative and GenAI solutions. Recent announcements describe a rebrand that emphasizes its role as an essential ingredient for businesses, creatives and brand leaders, along with new AI-powered offerings such as enterprise-focused generative AI tools and AI services for model training, fine-tuning and evaluation. These updates illustrate how the company combines a large collection of licensable assets with data and AI capabilities.
Investors and observers following SSTK news will see coverage of strategic initiatives, including acquisitions referenced in financial disclosures and the pending merger-of-equals transaction with Getty s Holdings, Inc. Company communications detail stockholder approval of the merger agreement, regulatory review processes such as the UK Competition and Markets Authority’s Phase 2 referral, and related milestones and conditions.
This news page aggregates such company-issued releases and related coverage, giving readers a single place to review Shutterstock’s reported financial results, product and brand announcements, AI and data licensing developments, and updates on the proposed merger. For those tracking SSTK, revisiting this page provides ongoing visibility into how the company presents its performance, strategic direction and corporate actions over time.
Shutterstock (NYSE:SSTK) has launched a new brand campaign and TV commercial titled 100% Shutterstock, produced entirely with its own content. The campaign addresses the rising demand for creative solutions post-pandemic, emphasizing a unified platform for creators. This initiative marks a shift from Shutterstock's initial image-focused branding to a comprehensive creative platform. The TV commercial will air from September 13 to December 12, 2021, across multiple US networks and digital platforms. Recent acquisitions, including PicMonkey and TurboSquid, enhance its creative offerings.
Shutterstock (NYSE: SSTK) has announced its role as the exclusive sponsor of Experience the Times of Bill Cunningham, an immersive exhibition in New York City, launching on September 12 during Fashion Week. The installation celebrates the legendary photographer's six-decade career, showcasing iconic photos, artifacts, and multimedia presentations. By partnering with this event, Shutterstock reinforces its commitment to the creative community. The exhibition runs until October 30, with admission priced at $30.
Shutterstock (NYSE: SSTK) has launched FLEX Premium, enhancing its offerings for small- and medium-sized businesses (SMBs). This new product removes monthly download limits and user restrictions, granting access to over 380 million visuals, tracks, and footage, including an expanded Editorial collection. FLEX Premium features test downloads enabling users to mock-up content before licensing. Chief Revenue Officer Jamie Elden highlighted the product's aim to simplify content creation amidst digital complexity, reflecting Shutterstock's ongoing commitment to innovation.
Shutterstock (NYSE: SSTK) announced the acquisition of PicMonkey for $110 million in cash, enhancing its creative solutions and expanding its market. This acquisition aims to provide users, regardless of skill level, with accessible design tools for various applications. With expected contributions of approximately 3% to annual revenues and adding over 200,000 new subscribers, the deal positions Shutterstock to tap into an $8 billion creative software market. The acquisition aligns with Shutterstock's strategy to democratize content creation and enhance the customer experience across its platforms.
Shutterstock, Inc. (NYSE: SSTK) has launched a new service called Rights and Clearance, aimed at assisting customers in obtaining third-party permissions for promotional use across various platforms. This service is part of Shutterstock's larger offering, which includes over 380 million assets, and provides a streamlined approach to content clearance and licensing. The Rights and Clearance service extends Shutterstock's Asset Assurance™, which launched in 2020, ensuring necessary indemnification for its users. This initiative aims to enhance customer confidence and operational efficiency in creative endeavors.
PropertyGuru Group announces the appointment of Rachna Bhasin as an Independent Non-Executive Director, enhancing its governance with 50% independence on its board. Bhasin's extensive experience in technology and public company boards, including SSTK and RHP, is expected to support PropertyGuru's digital transformation and growth strategies. This move aligns with its plans for a public listing on the NYSE through a merger with BTNB. CEO Hari V. Krishnan expressed confidence in Bhasin's contributions to the company’s mission in Southeast Asia's property market.
Shutterstock (NYSE: SSTK) announced a new API integration with OpenText on Aug. 12, 2021, allowing direct access to over 380 million high-quality images through OpenText Media Management. This partnership aims to enhance productivity for brands and media companies, especially in a hybrid work environment. Key features include seamless licensing, an extensive library search capability, and automated license tracking. The integration is designed to support customers in managing digital assets efficiently and ensuring compliance.
Shutterstock (NYSE: SSTK) has announced the launch of Shutterstock.AI's data on AWS Data Exchange, facilitating access to extensive datasets for training computer vision models. This partnership aims to support various industries, enhancing capabilities in areas like ecommerce and autonomous vehicles. Customers can leverage 400 million visual assets and quality metadata for improved efficiency in model training. The collaboration with AWS is expected to broaden market reach, allowing Shutterstock to cater to diverse machine learning applications.
Shutterstock reported a strong financial performance for Q2 2021, with revenues of $189.9 million, a 19% increase from the previous year. Net income rose 55% to $29.5 million while diluted EPS increased by 49% to $0.79. Subscriber count grew 44% to 321,000, with subscriber revenue increasing 25% to $78.1 million. The acquisition of AI platforms for $35 million aims to enhance Shutterstock's predictive capabilities. Revised guidance for 2021 projects revenue of $740 million to $750 million, up from previous estimates.
Shutterstock (SSTK) has launched Shutterstock.AI, a new subsidiary aimed at enhancing creative solutions through data insights. The subsidiary has acquired three AI platforms: Pattern89, Datasine, and Shotzr for approximately $35 million. These acquisitions will bolster Shutterstock.AI's predictive performance capabilities, assisting clients in making data-informed content decisions. With access to over 400 million content assets, Shutterstock aims to empower businesses in creative processes and technology development across various sectors, including AI, marketing, and social media.
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