PicMonkey

Shutterstock Reports Full Year 2023 and Fourth Quarter Financial Results

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, Collection, Splash News, PicMonkey, AI, TurboSquid, Subscription business model, Sale, Nature, Adjustment, GAAP, Meta, Webcast, Employment, Public expenditure, Studio, CMA, Bank statement, Depreciation, Bookkeeping

(4) Paid downloads is the number of downloads that our customers make in a given period of our content.

Key Points: 
  • (4) Paid downloads is the number of downloads that our customers make in a given period of our content.
  • Details of our 2027 Long Term Targets may be found below and in our investor presentation titled "Shutterstock 2027: Long-range Financial Targets," available at https://investor.shutterstock.com/ .
  • Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting.
  • The Company will discuss its fourth quarter and full year financial results during a teleconference today, February 21, 2024, at 8:30 AM Eastern Time.

Shutterstock Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, October 31, 2023
CMA, Sale, Subscription business model, Meta, Public expenditure, EBITDA, Studio, GAAP, Acquisition, Bank statement, Nature, TurboSquid, PicMonkey, Employment, Webcast, Depreciation, AI, Collection, Splash News, Cable television, Food delivery, Bookkeeping, Music, Real estate, Bank, Shutterstock, Giphy

Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.

Key Points: 
  • Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
  • Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting.
  • The Company will discuss its third quarter and full year financial results during a teleconference today, October 31, 2023, at 8:30 AM Eastern Time.
  • A webcast replay of the call will be available on the Company's website beginning on October 31, 2023 at approximately 10:30 AM Eastern Time.

Shutterstock Reports Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 1, 2023
Employment, CMA, Meta, Studio, Bank statement, PicMonkey, GAAP, TurboSquid, Sale, Public expenditure, EBITDA, Acquisition, Splash News, Collection, Nature, Webcast, Depreciation, AI, Subscription business model, Cable television, Bookkeeping, Music, Real estate, Bank, Broadcasting, Shutterstock, Giphy

Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.

Key Points: 
  • Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
  • Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting.
  • The Company will discuss its second quarter and full year financial results during a teleconference today, August 1, 2023, at 8:30 AM Eastern Time.
  • A webcast replay of the call will be available on the Company's website beginning on August 1, 2023 at approximately 10:30 AM Eastern Time.

Shutterstock Reports First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, April 25, 2023
Studio, Bank statement, Editorial, PicMonkey, GAAP, TurboSquid, Public expenditure, PIN, EBITDA, Acquisition, Splash News, Collection, Webcast, Depreciation, Subscription business model, Bookkeeping, Music, Real estate, Bank, Broadcasting, Shutterstock

Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.

Key Points: 
  • Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
  • Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting.
  • The Company will discuss its first quarter and full year financial results during a teleconference today, April 25, 2023, at 8:30 AM Eastern Time.
  • A webcast replay of the call will be available on the Company's website beginning on April 25, 2023 at approximately 10:30 AM Eastern Time.

Mitz Banarjee Joins Glamhive Inc. as the Newest Addition to the Board of Directors

Retrieved on: 
Tuesday, March 7, 2023
Optimism, GeekWire, Name, Software as a service, Partnership, PicMonkey, Organization, Female, Marketing, Fashion design, Xplore

SEATTLE, March 7, 2023 /PRNewswire/ -- Glamhive Inc. , the styling platform that connects celebrity and elite stylists with customers worldwide, is pleased to announce the newest addition to its board of directors and investor, Mitz Banarjee.

Key Points: 
  • SEATTLE, March 7, 2023 /PRNewswire/ -- Glamhive Inc. , the styling platform that connects celebrity and elite stylists with customers worldwide, is pleased to announce the newest addition to its board of directors and investor, Mitz Banarjee.
  • "Glamhive is democratizing personal styling that in the past has been only accessible to the rich and famous.
  • With Glamhive, anyone can access the best stylists in the world," says Banarjee, who is also an advisor to Waterplan, Xplore, and Univoice.
  • I am very honored to be on the Board of Directors, to work with Stephanie, and to help the Glamhive team reach new heights."

Shutterstock Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Thursday, February 9, 2023
Bank statement, Public expenditure, Subscription business model, PicMonkey, PIN, TurboSquid, Acquisition, EBITDA, GAAP, Webcast, Splash News, Depreciation, Computer vision, Collection, Bookkeeping, Video game, Real estate, Bank, Broadcasting, Shutterstock

Accordingly, the metrics include Subscribers, Subscriber revenue, and Average revenue per customer from TurboSquid beginning February 2022 and from PicMonkey beginning September 2022.

Key Points: 
  • Accordingly, the metrics include Subscribers, Subscriber revenue, and Average revenue per customer from TurboSquid beginning February 2022 and from PicMonkey beginning September 2022.
  • (4) Paid downloads is the number of downloads that our customers make in a given period of our content.
  • Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting.
  • The Company will discuss its fourth quarter and full year financial results during a teleconference today, February 9, 2023, at 8:30 AM Eastern Time.

Stock Images and Videos Market to Reach USD 7 Billion by 2027. Adobe, Getty Images, Shutterstock to Dominate the Market - Arizton

Retrieved on: 
Tuesday, December 6, 2022
Internet, Learning, Shutterstock, Getty Images, Consumer, Digital, Element, PicMonkey, Research report, Multimedia, Growth, Education, Acquisition, Retail, Camera, Unsplash

Request for free sample report

Key Points: 
  • Request for free sample report
    The stock images and videos market has undergone massive changes in recent years.
  • RF stock images and videos that can be used across multiple platforms to deliver personalized content will increase demand.
  • This is a multimedia subscription for single users that allows the download of stock images and stock videos indistinctly.
  • Precise estimation of the stock images and videos market size and its contribution to the global market.

Stock Images and Videos Market to Reach USD 7 Billion by 2027. Adobe, Getty Images, Shutterstock to Dominate the Market - Arizton

Retrieved on: 
Tuesday, December 6, 2022
Internet, Learning, Shutterstock, Getty Images, Consumer, Digital, Element, PicMonkey, Research report, Growth, Education, Acquisition, Retail, Camera, Unsplash

Request for free sample report

Key Points: 
  • Request for free sample report
    The stock images and videos market has undergone massive changes in recent years.
  • RF stock images and videos that can be used across multiple platforms to deliver personalized content will increase demand.
  • This is a multimedia subscription for single users that allows the download of stock images and stock videos indistinctly.
  • Precise estimation of the stock images and videos market size and its contribution to the global market.

Shutterstock Joins Forces with LG AI Research to Advance AI Technology to Revolutionize the Creative Journey

Retrieved on: 
Thursday, November 17, 2022
TurboSquid, 3D, Conference, LG Corporation, Security (finance), PicMonkey, Collection, Partnership, Research, Risk, IP, IEEE, Music, LG, NYSE, Multimedia, Annual report, Computer vision, Metadata, Learning, Splash News, COVID-19, Human, Artificial intelligence, AI, CMO, Creativity, Language, Milk, Medical device, Video game, Bigstock, Shutterstock

NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Building on its promise to enable its users to produce their best work with incredible content and innovative tools, Shutterstock, Inc. (NYSE: SSTK), today announced its long-term partnership to advance AI-powered technology with LG AI Research. By combining Shutterstock's metadata and world-class content with LG AI Research's R&D capabilities, the companies will bring EXAONE, LG's AI image generation model, EXAONE Atelier, a creative AI toolkit, and AI-based image captioning to the global market. This is Shutterstock's latest initiative to provide its partners, customers and contributors with ethically driven AI technology across all stages of the creative workflow, as it continues to collaborate with industry leaders to responsibly shape the future of generative AI. 

Key Points: 
  • "Together with Shutterstock, LG AI Research is building successful commercial cases of EXAONE and exploring brand new opportunities based on EXAONE Atelier, a creative AI toolkit that is designed to inspire designers and creators by leveraging generative AI.
  • We are ready to collaborate with all businesses to make our world more creative inspired by AI and designed by humans."
  • "Our partnership with LG AI Research continues to deliver on that mission by bringing AI tools to our customers that automate the non-creative parts of the process through AI image captioning and actualize visions instantly through generative AI models.
  • Shutterstock has chosen to partner with LG AI Research, a global pioneer in generative research that is equally invested in taking an ethical approach to create AI technology.

Shutterstock Joins Forces with LG AI Research to Advance AI Technology to Revolutionize the Creative Journey

Retrieved on: 
Thursday, November 17, 2022
TurboSquid, 3D, Conference, LG Corporation, Security (finance), PicMonkey, Collection, Partnership, Research, Risk, IP, IEEE, Music, LG, NYSE, Annual report, Computer vision, Metadata, Learning, Splash News, COVID-19, Human, Artificial intelligence, AI, CMO, Creativity, Language, Medical device, Video game, Bigstock, Shutterstock

NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Building on its promise to enable its users to produce their best work with incredible content and innovative tools, Shutterstock, Inc. (NYSE: SSTK), today announced its long-term partnership to advance AI-powered technology with LG AI Research. By combining Shutterstock's metadata and world-class content with LG AI Research's R&D capabilities, the companies will bring EXAONE, LG's AI image generation model, EXAONE Atelier, a creative AI toolkit, and AI-based image captioning to the global market. This is Shutterstock's latest initiative to provide its partners, customers and contributors with ethically driven AI technology across all stages of the creative workflow, as it continues to collaborate with industry leaders to responsibly shape the future of generative AI. 

Key Points: 
  • "Together with Shutterstock, LG AI Research is building successful commercial cases of EXAONE and exploring brand new opportunities based on EXAONE Atelier, a creative AI toolkit that is designed to inspire designers and creators by leveraging generative AI.
  • We are ready to collaborate with all businesses to make our world more creative inspired by AI and designed by humans."
  • Shutterstock has chosen to partner with LG AI Research, a global pioneer in generative research that is equally invested in taking an ethical approach to create AI technology.
  • EXAONE stands for "Expert AI for Everyone," an expert AI for everyone that LG aims for with various features.