Shutterstock sees 6% fourth-quarter revenue increase, launches AI platform
Shutterstock, Inc. announced financial results for the fourth quarter and full year that ended Dece.31, 2022. Revenue increased 6% to $217.7 million. On a constant currency basis, revenue increased 9%, but income decreased 48% to “For the full year 2022, we grew revenues by 7% and Adjusted EBITDA by 13% while expanding our Adjusted EBITDA margin to 26.3%,” said Paul Hennessy,...
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