NEW YORK (AP) — NEW YORK (AP) — Shutterstock Inc. (SSTK) on Tuesday reported a loss of $16 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 43 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 67 cents per share.
The online marketplace for royalty-free images and videos posted revenue of $220.2 million in the period.
For the year, the company reported profit of $45.5 million, or $1.25 per share. Revenue was reported as $989.9 million.
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