-=Shutterstock (SSTK) reported earnings on Tue 30 Oct 2018 (b/o)

Shutterstock beats by $0.01, misses on revs; guides FY18 revs below consensus 

Reports Q3 (Sep) earnings of $0.38 per share, excluding non-recurring items, $0.01 better thanthe S&P Capital IQ Consensus of $0.37; revenues rose 7.4% year/year to $151.6 mln vs the $157.88 mln S&P Capital IQ Consensus.

• Revenue of $151.6 million for the third quarter of 2018 increased$10.5 million, or 7.5%, as compared to the third quarter of 2017, driven by positive year-over-year growth in both our e-commerce and enterprise channels.
• Revenue generated through our e-commerce platform increased approximately 8.5% as compared to the third quarter of 2017, to $88.7 million, representing 58.5% of total revenue in the third quarter of 2018.

Co issues downside guidancefor FY18, sees FY18 revs of $625-630 mln vs. $633.81 mln S&P Capital IQ Consensus.

• Tightening the range from the previous guidance of $625 - $635 million for revs
• Adjusted EBITDA of approximately $105 million, representing growth of approximately 19.3%, tightening from the previous guidance of $105 - $110 million.