Shutterstock Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 25, 2025
SSTK$2.96-0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $935,262 | $874,587 | $827,826 |
| Operating expenses: | |||
| Cost of revenue | 396,297 | 352,630 | 314,306 |
| Sales and marketing | 222,704 | 214,749 | 203,154 |
| Product development | 88,417 | 96,162 | 65,434 |
| General and administrative | 159,136 | 142,646 | 132,644 |
| Impairment of lease and related assets | — | — | 18,664 |
| Total operating expenses | 866,554 | 806,187 | 734,202 |
| Income from operations | 68,708 | 68,400 | 93,624 |
| Bargain purchase gain | — | 50,261 | — |
| Interest expense | (10,561) | (1,857) | (1,336) |
| Other income / (expense), net | 4,401 | 5,664 | (1,251) |
| Income before income taxes | 62,548 | 122,468 | 91,037 |
| Provision for income taxes | 26,616 | 12,199 | 14,934 |
| Net income | $35,932 | $110,269 | $76,103 |
| Earnings per share: | |||
| Basic | $1.02 | $3.07 | $2.11 |
| Diluted | $1.01 | $3.04 | $2.08 |
| Weighted average shares outstanding: | |||
| Basic | 35,330 | 35,878 | 36,042 |
| Diluted | 35,658 | 36,242 | 36,546 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.