Shutterstock reports Q3 adjusted EPS $1.31, consensus $1.15

Reports Q3 revenue $260.1M, consensus $255.6M. Commenting on the Company’s performance, Paul Hennessy, the Company’s CEO, said, “Shutterstock (SSTK) achieved another strong quarter of financial results. Revenue grew 4% on the back of the fast-growing Data, Distribution, and Services business, while Adjusted EBITDA margins remained over 30% for the second consecutive quarter, and Free Cash Flow significantly increased. Despite the evolving competitive landscape, we continue to improve the value proposition of our unlimited content products by including AI image, video, and audio generative models as part of our offering. Additionally, we are attracting new logos and expanding relationships with existing customers within our Data, Distribution, and Services business.”