Shutterstock, Inc. Reports Strong Net Income of $82.9 Million in Q2 2023

Shutterstock, Inc.(SSTK), a global provider of hig h-quality content and technology solutions, has announced its financial results for the second quarter of 2023. The company experienced robust growth in both net income and revenue, reflecting its ongoing commitment to innovation and customer satisfaction. Let's delve into the financial statements to gain a deeper understanding of their performance.

Financial Statements

Consolidated Balance Sheets

Shutterstock's total assets as of June 30, 2023, amounted to $1,004.3 million, showing a significant increase from $881.2 million on December 31, 2022. The company's current assets, including cash and cash equivalents, accounts receivable, and prepaid expenses, stood at $273.4 million, demonstrating a strong liquidity position.