Shutterstock ( (SSTK) ) has released its Q1 earnings. Here is a breakdown of the information Shutterstock presented to its investors.
Shutterstock, Inc. is a leading global creative platform that provides high-quality creative content for brands, digital media, and marketing companies, offering a diverse collection of 3D models, videos, music, photographs, vectors, and illustrations.
In the first quarter of 2025, Shutterstock reported a strong start to the year with significant growth in content revenue and improvements in key financial metrics. The company achieved a 17% year-over-year increase in content revenue, contributing to a total revenue of $242.6 million, up from $214.3 million in the previous year.
Key financial highlights include a net income of $18.7 million, up from $16.1 million, and an adjusted EBITDA of $63.4 million, marking a 13% increase. The company’s content revenue grew by $29.1 million, while revenue from data, distribution, and services saw a slight decline. The acquisition of Envato played a significant role in boosting profitability, despite increased interest expenses due to debt financing for the acquisition.
Shutterstock’s liquidity position remains strong, with cash and cash equivalents rising to $112.2 million. The company continues to generate robust free cash flow, which increased to $23.4 million, reflecting efficient operational management and strategic investments.
Looking ahead, Shutterstock remains focused on growth in its content and data services sectors, while navigating the proposed merger with Getty Images. The management is optimistic about the potential synergies and enhanced market position that the merger could bring, subject to regulatory approvals and shareholder consent.