Truist sees Shutterstock-Getty merger as a positive for combined entity
Truist reiterated a Buy rating on Shutterstock (SSTK) after the announced merger with Getty Images (GETY). The firm believes the merger, once finalized, will bolster the combined company's competitive positioning amid growing AI-based competition, giving it more pricing power, a richer library of content for enterprise customers and for genAI platforms to train their models on. Furthermore, the combination provides contributors substantially greater opportunities across products and content types to reach over 1.4M pro-forma annual subscribers and customers in over 200 countries, the analyst tells investors in a research note. The firm sees the merger as a positive for the combined entity and in the best interest of Shutterstock shareholders longer-term. Shutterstock + Getty Images +0.625 (+24.37%)
Getty Images, Shutterstock shares surge on $3.7B merger
Getty Images (NYSE:GETY) and Shutterstock Inc (NYSE:SSTK) have announced they have entered into a merger agreement to create a single visual content company valued at $3.7 billion. The combined company will be named Getty Images Holdings and will continue to trade on the New York Stock Exchange under the ticker symbol “GETY.
Getty Images buying Shutterstock to create a $3.7 billion visual content company
Getty Images is buying Shutterstock to create a $3.7 billion visual content company.
Getty Images To Merge With Shutterstock For 3 Big Reasons; Adobe Dips
Getty Images and Shutterstock agreed to a merger, creating a more formidable competitor for Adobe as generative AI shifts the landscape. The post Getty Images To Merge With Shutterstock For 3 Big Reasons; Adobe Dips appeared first on Investor's Business Daily.
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.
