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NEW YORK - Shutterstock , Inc. (NYSE:SSTK) reported first quarter 2025 financial results that showed strong revenue growth on Friday.
The company’s shares were up 3.32% in premarket trading following the release.
The leading global creative platform posted revenue of $242.6 million for the quarter, up 13% year-over-year and beating analyst estimates of $254.77 million. However, adjusted earnings per share came in at $0.53, missing expectations of $0.61.
Shutterstock’s Content revenue, which made up 84% of total revenue, grew 17% YoY to $202.9 million. The company’s subscriber base expanded significantly to 1.08 million at quarter-end, more than doubling from 499,000 a year ago.
"I am pleased to report that Shutterstock started the year strong, with a first quarter that achieved year over year Content revenue growth of 17%, as well as improvements across many of our key financial metrics," said CEO Paul Hennessy.
Despite the earnings miss, investors seemed encouraged by the robust top-line growth. The company generated adjusted EBITDA of $63.4 million, up 13% YoY, with an adjusted EBITDA margin of 26.1%.
Shutterstock maintained its quarterly dividend of $0.33 per share.
While facing some headwinds, Shutterstock’s strong revenue growth and expanding subscriber base appear to be resonating positively with investors as the company continues to grow its creative content platform.
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