Shutterstock reports Q2 adjusted EPS $1.00, consensus $1.00

Reports Q2 revenue $220.1M, consensus $213.48M. Commenting on the company’s performance, Paul Hennessy, the company’s CEO, said, “Shutterstock’s second quarter results exceeded our expectations for revenue and adjusted EBITDA driven by exceptional growth in Data, Distribution and Services. We are thrilled to have closed the Envato acquisition and added a value-packed unlimited subscription to enhance our Content business. And our innovation around GenAI continues with our launches of Gen3D and ImageAI models trained exclusively on Shutterstock data.”