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. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions]

Please be advised that today’s conference is being recorded. I would now like to hand the call over to Rik Powell, SVP, Finance and Investor Relations. Please go ahead.

Rik Powell

Thank you, Latonya. Good morning, everyone. And thank you for joining us for Shutterstock’s third quarter 2024 earnings call. Joining us today is Paul Hennessy, Shutterstock’s Chief Executive Officer; and Jarrod Yahes, Shutterstock’s Chief Financial Officer.

Please note that some of the information you’ll hear during our discussion today will consist of forward-looking statements, including, without limitation, the long-term effects of investments in our business, the future success and financial impact of new and existing product offerings, our ability to consummate acquisitions and integrate the businesses we have acquired or may acquire into our existing operations, our future growth, margins and profitability, our long-term strategy and our performance targets, including 2024 guidance and long-range financial targets.

Actual results or trends could differ materially from our forecast. For more information, please refer to today’s press release, which we have posted to our Investor Relations website. Please also refer to the reports we filed with the SEC from time-to-time, including the risk factors discussed in our most recently filed Form 10-K, for discussions of important risk factors that could cause actual results to differ materially from any forward-looking statements we may make on this call.

We will be discussing certain non-GAAP financial measures today, including adjusted net income, adjusted net income per diluted share, adjusted EBITDA and adjusted EBITDA margin, revenue growth, including by Distribution channel on a constant currency basis, billings and free cash flow. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures can be found in the financial tables included with today’s press release and in our 10-Q.