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.
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Shutterstock, Inc. (SSTK) will report its Q4 2023 business and financial results on February 21, 2024. The company will host a conference call at 8:30 a.m. ET to discuss the results, with a webcast replay available on the same day at approximately 10:30 a.m. ET.
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Shutterstock, Inc. (SSTK) has announced the acquisition of Backgrid, a global premier destination for celebrity news, adding 30 million+ images and videos across celebrity, red carpet and live events, and more than 1,400 contributors to its photographer network. This acquisition expands Shutterstock's editorial coverage in the US and globally, positioning the company as the leading provider of high-quality celebrity news content with the largest network of top photographers.
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Shutterstock, Inc. (SSTK) has declared a cash dividend of $0.30 per share of outstanding common stock, representing an 11% increase over the previous quarterly dividend. The dividend is payable on March 14, 2024, to stockholders of record as of February 29, 2024. This decision reflects the company's growth in operating profitability and cash flow, fulfilling its commitment to return value to stockholders.
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Shutterstock, Inc. (SSTK) to be the Official House Photographer and Portrait Studio Partner for the 2024 Sundance Film Festival, hosting special events, panel discussions, and documentary screenings. The company will capture all premieres, parties, and panels, offering a diverse collection of high-quality content. Shutterstock will also host the Shutterstock Chalet, providing a relaxing space for VIPs, talent, and press to recharge. The company's extensive network of photographers and creators contributes to the world's most diverse collection of stock photography, videos, music, and more.
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Shutterstock Inc. (SSTK) announces the launch of TRUST, a guiding framework embodying its commitment to responsible AI. TRUST reflects Shutterstock's core values and includes commitments to training, royalties, uplift, safeguards, and transparency. Dr. Alessandra Sala, Senior Director of AI and Data Science, emphasizes the framework's role in maintaining trust and outlines the principles it formalizes. The framework aims to guide companies in using AI responsibly and reiterates Shutterstock's commitment to contributor-centric operating principles.
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Shutterstock, Inc. announces Q3 2023 financial results. Revenue increased by 14% to $233.2 million. Income from operations decreased by 40% to $17.2 million. Net income increased by 23% to $28.4 million. Adjusted EBITDA increased by 15% to $64.7 million. Subscribers decreased to 551,000. Subscriber revenue increased to $88.3 million. Average revenue per customer increased to $401. Paid downloads decreased to 36.4 million. Revenue per download increased to $4.76. The company raised its revenue and EBITDA guidance for 2023.
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Shutterstock, Inc. will host a virtual showcase event called Shutterstock Showcase: Creative AI to demonstrate the power of its high-quality content library and newly announced creative AI-powered editing features. The event will explore best practices for personalizing stock images, discuss the benefits of AI-powered design, and provide insights into the future of AI in design. It will feature industry experts from Shutterstock.
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Shutterstock announces new AI-powered editing features for its stock image library, offering infinite options for image refinement and customization. The features leverage OpenAI technology and include capabilities like Magic Brush, Variations, Expand Image, Smart Resize, Background Remover, and AI Image Generator. The company will give a live demo of these features on November 9.
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Shutterstock to report Q3 2023 results on October 31, 2023
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Shutterstock announced the appointment of Aimee Egan as the Global Head of Enterprise. With over 20 years of experience in B2B sales and marketing, Aimee will lead Shutterstock's Enterprise function to drive growth, enhance customer experience, and bring innovative solutions. The company's Enterprise business has been growing consistently, supported by strategic partnerships, acquisitions, new subscriptions, and award-winning projects. Aimee's appointment aims to support customers and fuel success.
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Shutterstock Inc
NYSE:SSTK
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7%
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