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 leader in digital creative solutions, connecting professionals with premium images, videos, and AI-powered tools. This news hub provides investors and creatives with essential updates about the company’s strategic direction, financial performance, and market innovations.
Discover official press releases, earnings reports, and analyses covering Shutterstock’s licensing partnerships, technology advancements like generative AI integrations, and strategic acquisitions. Our curated feed ensures you never miss developments impacting the digital media landscape.
Key updates include quarterly financial results, content library expansions, leadership changes, and collaborations shaping visual communications. Bookmark this page for streamlined access to verified information about one of the stock photography market’s most dynamic players.
Shutterstock, Inc. (NYSE: SSTK) has launched Shutterstock FLEX Subscriptions, a customizable royal-free content plan designed for small and medium-sized businesses. This innovative offering provides access to over 360 million visuals, tracks, and effects for a flat monthly fee tailored to varying business needs. The service includes flexible add-ons and licenses, promoting scalable creativity. Chief Revenue Officer Jamie Elden emphasized the company's commitment to meeting evolving customer demands through this first-of-its-kind subscription solution.
Shutterstock (NYSE: SSTK) has announced an exclusive partnership with Condé Nast to feature the Condé Nast Collection in its editorial archive, The Vault. This collection includes over 30,000 iconic images dating back to 1892, showcasing fashion and cultural milestones captured by renowned photographers. The partnership enhances Shutterstock's offerings in high-quality content, providing customers access to premium visuals from brands like Vogue and Vanity Fair. This move is expected to strengthen Shutterstock's market position in the creative content industry.
Shutterstock (NYSE: SSTK), a leading creative platform, has announced an exclusive partnership with the Screen Actors Guild Awards® for photography and distribution. As the official photographer for the SAG Awards on April 4, 2021, Shutterstock will provide high-quality Nominee and Winner portraits, along with exclusive access to all SAG Awards events. The collaboration allows Shutterstock to showcase pivotal photographic moments in real-time, enhancing its reputation for striking visual storytelling. This partnership marks a significant move in Shutterstock's expansion into high-profile events.
Shutterstock, Inc. (NYSE: SSTK) will release its first quarter 2021 financial results on April 27, 2021, before market opening. A conference call will take place at 8:30 a.m. ET to discuss these results, accessible via phone and live audio webcast on Shutterstock's website. The company, headquartered in New York City, offers a wide range of high-quality creative content and solutions and has over 360 million images and 21 million video clips available, with a growing community of 1.6 million contributors.
Shutterstock (NYSE: SSTK) has entered a three-year partnership with Scottish Premiership Champions Rangers FC. This collaboration enables Shutterstock to capture and distribute real-time photography for Rangers' Scottish and UEFA fixtures, along with exclusive access to off-field events. The deal aims to enhance global reach and commercial revenue for both organizations. With a fanbase of over 550 supporters' clubs worldwide, this partnership is expected to deliver engaging visual content to a broad audience.
On March 8, 2021, Shutterstock (NYSE: SSTK) announced the launch of the "Through Their Eyes" grant, offering $10,000 to support female and non-binary creators. This initiative aims to elevate diverse perspectives in photography, videography, and writing, especially on International Women's Day. The grant includes three prizes: $5,000 for the first place and $2,500 for two runners-up. Interested artists must submit proposals by April 22, 2021. This program is part of Shutterstock's larger $300,000 Create Fund, which promotes diversity and inclusion in its content library.
Shutterstock (NYSE: SSTK) has launched the "All The Best Artists" campaign to celebrate the diversity of its 1.6 million contributor community. This campaign showcases eight innovative artists from different backgrounds and locations, featuring their unique creative works across photography, video, and illustration. The campaign aims to highlight the exceptional content that Shutterstock provides to businesses and media companies while emphasizing its commitment to diverse talent.
Shutterstock (NYSE: SSTK) reported strong financial performance for Q4 and full-year 2020. Q4 revenue increased 9% to $180.9 million, driven by a 45% growth in subscribers to 281,000 and 18% subscriber revenue growth to $71.1 million. Net income surged 495% to $25.9 million. For the full year, revenue reached $666.7 million, a 2% increase, and net income rose 257% to $71.8 million. The company also completed the acquisition of TurboSquid for $75 million, enhancing its 3D content offerings. Guidance for 2021 projects revenue between $708 million and $722 million.
Shutterstock, Inc. (NYSE: SSTK) announced on Feb. 8, 2021, that John Lapham has joined its leadership team as General Counsel. With over 20 years of legal experience, Lapham will lead Shutterstock's global legal strategy and manage risk within the organization. Previously, he served as General Counsel at Rover.com and held senior legal roles at Getty Images. Lapham's expertise in business and regulatory affairs is expected to support Shutterstock's growth and innovation agenda.
On February 2, 2021, Shutterstock (NYSE: SSTK) announced the launch of The Vault, an extensive archival collection featuring over 50 million photo and video assets. Located in London, The Vault emphasizes historical content from various categories, providing customers access to a rich narrative of the 20th Century. This initiative includes collaborations with prominent partners like AP and ITV, delivering unique archival photography and footage. The Vault's offerings encompass notable collections such as The Rex Features Collection and exclusive ITV archives.
