Skip to content

Apollo-Backed Shutterfly Reports Deeper Third Quarter Losses

  • Company posts preliminary losses of $45 million to $55 million
  • Online retailer raised debt to finance acquisition last year

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.