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Apollo-Backed Shutterfly Reports Deeper Third Quarter Losses

Oct. 19, 2022, 11:16 PM

Photo products retailer Shutterfly LLC released preliminary third-quarter earnings that reflected steeper losses, according to people with knowledge of the private results.

The Apollo Global Management-backed company booked a preliminary loss of $45 million to $55 million before interest, taxes, depreciation and amortization, said the people, who asked not to be identified because they weren’t authorized to speak publicly. That compares to a $41 million loss in the same period last year, the people said.

For the last twelve months, Shutterfly’s revenue was between $338 million and $348 million, they said. A measure of earnings that allows the company ...