The revenue growth can be attributed to the company’s acquisitions of PicMonkey and Pond5, as well as the momentum seen in its Enterprise segment. Sales increased 5% year-over-year, with revenue hitting $204.1 million compared to $194.4 million. In the past nine quarters, the company has beaten estimates eight times. Adjusted earnings per share came in at $1, which beat analysts’ consensus estimate of $0.94 per share. The forward-looking statements contained in this press release are made only as of this date and Shutterstock assumes no obligation to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law.Shutterstock ( NYSE:SSTK) recently reported earnings for its third quarter of Fiscal Year 2022. As a result of such risks, uncertainties and factors, Shutterstock's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors including risks related to any changes to or the effects on liabilities, financial condition, future capital expenditures, revenue, expenses, net income or loss, synergies and future prospects our inability to continue to attract and retain customers and contributors to our online marketplace for creative content competitive factors our inability to innovate technologically or develop, market and offer new products and services costs related to litigation or infringement claims, indemnification claims and the inability to prevent misuse of our content our inability to increase market awareness of Shutterstock and our products and services our inability to effectively manage our growth our inability to grow at historic growth rates or at all technological interruptions that impair access to our websites assertions by third parties of infringement of intellectual property rights by Shutterstock, our inability to effectively manage risks associated with operating internationally our exposure to foreign exchange rate risk our inability to address risks associated with sales to large corporate customers government regulation of the internet increasing regulation related to the handling of personal data actions by governments to restrict access to our products and services our inability to effectively expand our operations into new products, services and technologies our inability to protect the confidential information of customers increased tax liabilities associated with our worldwide operations, including our exposure to withholding, sales and transaction tax liabilities the effect of the Tax Cuts and Jobs Act of 2017 public health crises including the COVID-19 pandemic general economic and political conditions worldwide, including disruption and volatility caused by COVID-19 and any resulting economic recession our inability to successfully integrate acquisitions and the associated technology and achieve operational efficiencies and other factors and risks discussed under the caption 'Risk Factors' in our most recent Annual Report on Form 10-K, as well as in other documents that the Company may file from time to time with the Securities and Exchange Commission. However, not all forward-looking statements contain these words. You can identify forward-looking statements by words such as 'may,' 'will,' 'would,' 'should,' 'could,' 'expect,' 'anticipate,' 'believe,' 'estimate,' 'intend,' 'plan,' 'opportunities' and other similar expressions. Examples of forward-looking statements include, but are not limited to, statements regarding management's future business, future results of operations or financial condition, including new or planned features, products or services, management strategies, Shutterstock's expectations regarding financial outlook and future growth and profitability, statements regarding anticipated effects of the Company's acquisition of PicMonkey and statements regarding anticipated improvements in operations. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
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