Shutterstock Targets Revenue Growth CAGR Of 10% And 2027 Revenues Of $1.2B; EBITDA Margin Expansion From 28% To 30% And 2027 EBITDA Of $350M
Portfolio Pulse from Benzinga Newsdesk
Shutterstock aims for a 10% compound annual growth rate (CAGR) in revenue, targeting $1.2 billion by 2027. The company also plans to expand its EBITDA margin from 28% to 30%, aiming for a 2027 EBITDA of $350 million.
February 21, 2024 | 12:07 pm
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Shutterstock plans to achieve a 10% revenue CAGR, reaching $1.2 billion by 2027, and expand its EBITDA margin from 28% to 30%, targeting a 2027 EBITDA of $350 million.
Shutterstock's ambitious revenue and EBITDA targets indicate a positive outlook for the company's growth and profitability. The specific goals for revenue growth and EBITDA margin expansion are likely to be viewed positively by investors, potentially leading to a short-term increase in SSTK's stock price.
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