Shutterstock Earnings Call Transcripts
Fiscal Year 2025
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The merger creates a leading visual content company with complementary strengths, targeting $150–$200 million in cost synergies and significant deleveraging. The combined entity expects nearly $2 billion in annual revenue, robust EBITDA margins, and enhanced investment in AI and innovation.
Fiscal Year 2024
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Record Q3 revenue and EBITDA driven by Envato acquisition, strong data distribution, and AI content growth. Raised full-year guidance, with GIPHY and Studios segments accelerating and capital returns ongoing.
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Q2 2024 saw strong revenue and EBITDA growth, driven by hypergrowth in data distribution and services, while content revenue declined but is expected to improve with the Envato acquisition. Guidance for 2024 was raised, with continued investment in Gen AI and unlimited subscriptions.