Shutterstock Shares Rise After 2Q Revenue Gain Boosts Profit

Dow Jones

Jul 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)

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