Shutterstock Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Shutterstock (NYSE:SSTK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$250.6m (up 7.4% from 3Q 2023).
• Net income: US$17.6m (down 38% from 3Q 2023).
• Profit margin: 7.0% (down from 12% in 3Q 2023).
• EPS: US$0.50 (down from US$0.79 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shutterstock Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are up 8.8% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Shutterstock (at least 1 which is a bit unpleasant), and understanding them should be part of your investment process.

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