Getty Images, Shutterstock agree to merge in $3.7B deal as AI competition heats up
News of the merger sent Getty stock surging by nearly 60% in pre-market trading on Tuesday. The stock was selling at $2.57 a share on Monday.
Getty Images and Shutterstock to merge to form $3.7 billion stock photo giant
Getty Images has announced plans to merge with its rival Shutterstock in a cash-and-stock deal. The combined entity is expected to be valued at $3.7 billion based on yesterday's closing share prices.
Getty Images Stock Rises 83% on Plans to Merge With Shutterstock
Getty Images will merge with rival stock photography service Shuttershock in $3.7 billion deal.
Getty's stock soars 42% after image company agrees to merge with Shutterstock in $3.7 billion deal
The deal is expected to generate annual cost synergies of $150 million to $200 million by year three and to boost earnings and cash flow by year two.
Getty Images explores merger with Shutterstock, Bloomberg News reports
Getty Images Holdings is exploring a merger with its rival Shutterstock , Bloomberg News reported on Friday, citing people familiar with the matter.
Shutterstock (SSTK) International Revenue Performance Explored
Evaluate Shutterstock's (SSTK) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
Shutterstock, Inc. (SSTK) Q3 2024 Earnings Call Transcript
Shutterstock, Inc. (NYSE:SSTK ) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Rik Powell - Senior Vice President, Finance and IR Paul Hennessy - Chief Executive Officer Jarrod Yahes - Chief Financial Officer Conference Call Participants Curt Nagle - Bank of America Youssef Squali - Truist Securities Bernie McTernan - Needham & Company Matthew Cost - MS Andrew Boone - JMP Securities Operator Good day and thank you for standing by. Welcome to the Q3 2024 Shutterstock Incorporated Earnings Conference call.
Shutterstock (SSTK) Q3 Earnings and Revenues Top Estimates
Shutterstock (SSTK) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.26 per share a year ago.
Interpreting Shutterstock (SSTK) International Revenue Trends
Evaluate Shutterstock's (SSTK) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
Shutterstock, Inc. (SSTK) Q2 2024 Earnings Call Transcript
Shutterstock, Inc. (NYSE:SSTK ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Rik Powell - SVP, Finance & Investor Relations Paul Hennessy - Chief Executive Officer Jarrod Yahes - Chief Financial Officer Conference Call Participants Andrew Boone - JMP Securities Bernie McTernan - Needham & Company Robert Zeller - Truist Nitin Bansal - Bank of America Operator Good day, and thank you for standing by. Welcome to the Q2 2024 Shutterstock, Inc. Earnings Conference Call.
Shutterstock (SSTK) Q2 Earnings Lag Estimates
Shutterstock (SSTK) came out with quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.07 per share a year ago.
How Getty and Shutterstock Are Building AI Image Generators
Companies like Getty have begun developing A.I. models with their own data, part of a broader push to build artificial intelligence with licensed content.
