TurboSquid

Shutterstock Reports Full Year 2023 and Fourth Quarter Financial Results

Retrieved on: 
Wednesday, February 21, 2024

(4) Paid downloads is the number of downloads that our customers make in a given period of our content.

Key Points: 
  • (4) Paid downloads is the number of downloads that our customers make in a given period of our content.
  • Details of our 2027 Long Term Targets may be found below and in our investor presentation titled "Shutterstock 2027: Long-range Financial Targets," available at https://investor.shutterstock.com/ .
  • Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting.
  • The Company will discuss its fourth quarter and full year financial results during a teleconference today, February 21, 2024, at 8:30 AM Eastern Time.

Shutterstock Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, October 31, 2023

Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.

Key Points: 
  • Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
  • Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting.
  • The Company will discuss its third quarter and full year financial results during a teleconference today, October 31, 2023, at 8:30 AM Eastern Time.
  • A webcast replay of the call will be available on the Company's website beginning on October 31, 2023 at approximately 10:30 AM Eastern Time.

RECON Labs Collaborates with Shutterstock to Develop and Provide High-Quality 3D Assets for Global Creators

Retrieved on: 
Wednesday, August 23, 2023

SAN JOSE, Calif., Aug. 23, 2023 /PRNewswire/ -- RECON Labs, an AI based 3D content solution company, has announced its collaboration with Shutterstock, a leading global creative platform.

Key Points: 
  • SAN JOSE, Calif., Aug. 23, 2023 /PRNewswire/ -- RECON Labs, an AI based 3D content solution company, has announced its collaboration with Shutterstock, a leading global creative platform.
  • RECON Labs and Shutterstock will endeavor to jointly advance the development of AI models, leveraging Shutterstock's expansive 2D/3D asset database.
  • 3Dpresso, an innovative 3D creation solution developed by RECON Labs, enables 3D creators to generate high-resolution, photorealistic 3D assets from sources like 2D videos, text prompts, and even sketches, all through the utilization of generative AI technology.
  • "We are thrilled to join forces with Shutterstock in this groundbreaking collaboration," said Seonghoon Ban, CEO of RECON Labs.

Shutterstock Collaborates to Bring NeRF Generative AI Technology to 3D Creators Globally

Retrieved on: 
Tuesday, August 8, 2023

LOS ANGELES, Aug. 8, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality content and full-service creative workflow solutions for transformative brands, digital media and marketing companies, today announced its intent to sign three distinct collaboration deals with Luma Labs AI, RECON Labs and Volinga AI, leading startup innovators in emerging neural radiance fields (NeRF) technology. The companies announced their respective plans at this week's SIGGRAPH 2023, the 50th Annual International Conference and Exhibition on Computer Graphics and Interactive Techniques. 

Key Points: 
  • We are incredibly excited to expand our research and development efforts into NeRF, a new phase of 3D AI technology.
  • "As the world's leading NeRF research and product company, we are excited to explore a partnership with Shutterstock and bring Luma's best-in-class 3D generative platform to Shutterstock's creators.
  • In March, Shutterstock also announced its collaboration with NVIDIA to build AI foundation models for generative 3D artist tools.
  • As a trusted partner, Shutterstock also collaborates with NVIDIA, Meta, OpenAI, LG and other leaders in the tech industry to develop foundational generative AI tools and standards for creators across 3D, images and text.

Shutterstock Collaborates to Bring NeRF Generative AI Technology to 3D Creators Globally

Retrieved on: 
Tuesday, August 8, 2023

LOS ANGELES, Aug. 8, 2023 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality content and full-service creative workflow solutions for transformative brands, digital media and marketing companies, today announced its intent to sign three distinct collaboration deals with Luma Labs AI, RECON Labs and Volinga AI, leading startup innovators in emerging neural radiance fields (NeRF) technology. The companies announced their respective plans at this week's SIGGRAPH 2023, the 50th Annual International Conference and Exhibition on Computer Graphics and Interactive Techniques. 

Key Points: 
  • "As the world's leading NeRF research and product company, we are excited to explore a partnership with Shutterstock and bring Luma's best-in-class 3D generative platform to Shutterstock's creators.
  • With the introduction of NeRF technology, built using advanced machine learning and computer vision, 3D creators can produce high-resolution, photorealistic 3D scenes from 2D video in minutes.
  • In March, Shutterstock also announced its collaboration with NVIDIA to build AI foundation models for generative 3D artist tools.
  • As a trusted partner, Shutterstock also collaborates with NVIDIA, Meta, OpenAI, LG and other leaders in the tech industry to develop foundational generative AI tools and standards for creators across 3D, images and text.

Shutterstock Reports Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 1, 2023

Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.

Key Points: 
  • Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
  • Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting.
  • The Company will discuss its second quarter and full year financial results during a teleconference today, August 1, 2023, at 8:30 AM Eastern Time.
  • A webcast replay of the call will be available on the Company's website beginning on August 1, 2023 at approximately 10:30 AM Eastern Time.

Shutterstock Reports First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, April 25, 2023

Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.

Key Points: 
  • Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
  • Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting.
  • The Company will discuss its first quarter and full year financial results during a teleconference today, April 25, 2023, at 8:30 AM Eastern Time.
  • A webcast replay of the call will be available on the Company's website beginning on April 25, 2023 at approximately 10:30 AM Eastern Time.

Shutterstock Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Thursday, February 9, 2023

Accordingly, the metrics include Subscribers, Subscriber revenue, and Average revenue per customer from TurboSquid beginning February 2022 and from PicMonkey beginning September 2022.

Key Points: 
  • Accordingly, the metrics include Subscribers, Subscriber revenue, and Average revenue per customer from TurboSquid beginning February 2022 and from PicMonkey beginning September 2022.
  • (4) Paid downloads is the number of downloads that our customers make in a given period of our content.
  • Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting.
  • The Company will discuss its fourth quarter and full year financial results during a teleconference today, February 9, 2023, at 8:30 AM Eastern Time.

Shutterstock Joins Forces with LG AI Research to Advance AI Technology to Revolutionize the Creative Journey

Retrieved on: 
Thursday, November 17, 2022

NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Building on its promise to enable its users to produce their best work with incredible content and innovative tools, Shutterstock, Inc. (NYSE: SSTK), today announced its long-term partnership to advance AI-powered technology with LG AI Research. By combining Shutterstock's metadata and world-class content with LG AI Research's R&D capabilities, the companies will bring EXAONE, LG's AI image generation model, EXAONE Atelier, a creative AI toolkit, and AI-based image captioning to the global market. This is Shutterstock's latest initiative to provide its partners, customers and contributors with ethically driven AI technology across all stages of the creative workflow, as it continues to collaborate with industry leaders to responsibly shape the future of generative AI. 

Key Points: 
  • "Together with Shutterstock, LG AI Research is building successful commercial cases of EXAONE and exploring brand new opportunities based on EXAONE Atelier, a creative AI toolkit that is designed to inspire designers and creators by leveraging generative AI.
  • We are ready to collaborate with all businesses to make our world more creative inspired by AI and designed by humans."
  • "Our partnership with LG AI Research continues to deliver on that mission by bringing AI tools to our customers that automate the non-creative parts of the process through AI image captioning and actualize visions instantly through generative AI models.
  • Shutterstock has chosen to partner with LG AI Research, a global pioneer in generative research that is equally invested in taking an ethical approach to create AI technology.

Shutterstock Joins Forces with LG AI Research to Advance AI Technology to Revolutionize the Creative Journey

Retrieved on: 
Thursday, November 17, 2022

NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Building on its promise to enable its users to produce their best work with incredible content and innovative tools, Shutterstock, Inc. (NYSE: SSTK), today announced its long-term partnership to advance AI-powered technology with LG AI Research. By combining Shutterstock's metadata and world-class content with LG AI Research's R&D capabilities, the companies will bring EXAONE, LG's AI image generation model, EXAONE Atelier, a creative AI toolkit, and AI-based image captioning to the global market. This is Shutterstock's latest initiative to provide its partners, customers and contributors with ethically driven AI technology across all stages of the creative workflow, as it continues to collaborate with industry leaders to responsibly shape the future of generative AI. 

Key Points: 
  • "Together with Shutterstock, LG AI Research is building successful commercial cases of EXAONE and exploring brand new opportunities based on EXAONE Atelier, a creative AI toolkit that is designed to inspire designers and creators by leveraging generative AI.
  • We are ready to collaborate with all businesses to make our world more creative inspired by AI and designed by humans."
  • Shutterstock has chosen to partner with LG AI Research, a global pioneer in generative research that is equally invested in taking an ethical approach to create AI technology.
  • EXAONE stands for "Expert AI for Everyone," an expert AI for everyone that LG aims for with various features.