Stock photography, footage, and music provider Shutterstock Inc. (NYSE:SSTK) shares are trading lower on Tuesday after worse-than-expected fourth-quarter earnings.

The company reported fourth-quarter FY24 sales growth of 15.1% year-on-year to $250.03 million, missing the analyst consensus estimate of $254.94 million.

Revenue from Content product offerings rose 20%, representing 85% of total revenue in the fourth quarter.

Read Next: Celsius’ $1.8 Billion Alani Nu Deal: Analyst Highlights Enhanced Exposure To Female Consumers

Adjusted EPS of $0.67 missed the analyst consensus of $0.90. Adjusted EBITDA increased 27.6% Y/Y to $59.1 million.

The average revenue per customer increased 9.2% to $450, and the number of subscribers at the end of the quarter dropped 12.2% to 459,000.

Subscriber revenue decreased 11.2% to $75.7 million. Paid downloads totaled 33 million, down from 35.4 million last year. The operating margin was 5.3%, and operating income for the quarter jumped to $13.1 million from $2.1 million last year.

The company held $111.3 million in cash and equivalents as of December 31, 2024. Operating cash flow for the quarter totaled $7.9 million.

On January 27, 2025, the Board of Directors declared a dividend of $0.33 per share of outstanding common stock, payable on March 20, to stockholders of record at the close of business on March 6.

Price Action: SSTK shares are trading lower by 4.08% at $23.51 at the last check Tuesday.

Read Next:

• Getty Images Weighs Major Merger With Shutterstock That Could Potentially Reshape Visual Content Market

UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.

Get the latest stock analysis from Benzinga?

This article Shutterstock's Q4 Revenue And EPS Lag Expectations, Subscribers Drop originally appeared on Benzinga.com

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.