Shutterstock's Q4 results missed estimates due to churn in i...

Moomoo AI Feb 21, 2024 20:41

Shutterstock's Q4 results missed estimates due to churn in its subscriber base and fewer paid downloads. However, its Data, Distribution, and Services product offering saw significant growth. The company's 2024 guidance fell short, but it expects a 10% CAGR and a long-term EBITDA margin of 28-30% by 2027.

Shutterstock (NYSE:SSTK) Misses Q4 Revenue Estimates, Stock Drops

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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