Shutterstock Shares Rise After 2Q Revenue Gain Boosts Profit

Dow Jones
07/29
 

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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