Shutterfly Reports Double-Digit Gains in All Services
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• GAAP net income was $32.5 million, compared to $24.1 million in the fourth quarter of 2009.
• Adjusted EBITDA was $60.2 million, compared to $47.9 million in the fourth quarter of 2009.
Full Year 2010 Financial Highlights
• Net revenues totaled $307.7 million, a 25 percent year-over-year increase; 27 percent increase excluding referral fees.
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