Shutterfly Reports Strong First Quarter Financial Results

- At March 31, 2010, the Company had $156.8 million of cash, cash equivalents and short-term investments.

First Quarter 2010 Operating Metrics

- Transacting customers totaled 1.1 million, a 21% increase over the first quarter of 2009.

- Orders totaled 1.7 million, a 14% increase over the first quarter of 2009.