By Dean Seal
Shares of Shutterstock advanced after the company posted major gains on its top and bottom lines in the second quarter.
The stock was up 5.5% at $20.89 in early trading. Shares are still down 31% since the start of the year.
The marketplace for photos and videos said revenue was up 21% at $267 million for the second quarter. Three analysts polled by FactSet had a consensus target of $250.4 million.
Net income was $29.4 million, or 82 cents a share, up from $3.63 million, or 10 cents a share, in the same quarter a year earlier. Stripping out one-time items, adjusted earnings were $1.19 a share.
Chief Executive Paul Hennessy said the company hit record second-quarter levels of revenue and adjusted earnings before interest, taxes, depreciation and amortization.
Write to Dean at dean.seal@wsj.com
(END) Dow Jones Newswires
July 29, 2025 10:47 ET (14:47 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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