Financial PerformanceShutterstock reported better-than-expected 3Q24 results, with revenue and EBITDA significantly above consensus.
Merger And AcquisitionsThe merger between SSTK and GETY is viewed as beneficial because it creates a larger pool of content and significant cost synergies.
Partnerships And GrowthThe Data, Distribution, and Services segment showed strength with a key area of growth being Giphy, which saw an increase in content views and a partnership with TikTok.