Shutterstock Reports Third Quarter 2015 Financial Results

Board Authorizes $100 Million Share Repurchase Program

NEW YORK, Nov. 5, 2015 /PRNewswire/ —

Third Quarter 2015 Highlights:

Revenue increased 28% to $107.3 million
Adjusted EBITDA increased 11% to $19.6 million
Non-GAAP Net Income per Diluted Share increased 4% to $0.28
Paid downloads increased 22% and revenue per download increased 4%
Image collection expanded 49% to 63.7 million images and video collection expanded 60% to 3.3 million video clips

Shutterstock, Inc. (NYSE: SSTK), a leading global provider of commercial imagery and music, today announced financial results for the third quarter ended September 30, 2015.

Founder and CEO Jon Oringer said, “Shutterst… …read more

Via: Shutterstock press


Marco | Editor

Editor at large and founder of a bunch of stockphoto businesses