Shutterstock, Inc. (SSTK) Form 8-K — Aug 4, 2026
Shutterstock reported second quarter 2026 revenue of $221.8 million, down 17% from $267.0 million a year earlier, and swung to a net loss of $155.9 million, or $4.25 per diluted share, from net income of $29.4 million, or $0.82 per share, in Q2 2025. The loss was driven by a $173.7 million pre-tax ($163.4 million after-tax) non-cash goodwill impairment triggered by the decline in fair value following termination of the proposed merger agreement with Getty Images. Adjusted net income fell to $30.0 million ($0.82 per diluted share) from $42.9 million ($1.19), and adjusted EBITDA declined 21% to $65.1 million.
Key figures
- Revenue
- 221800000
- Guidance
- Guidance withdrawn for the remainder of 2026; August 6, 2026 earnings conference call cancelled amid a pending strategic update.
- Revenue Yoy
- -17%
- Total Assets
- 1092277000
- Cash Position
- 133200000
- Shares Outstanding
- 36807000
- Debt current
- $158.1 million
- Debt long term
- $115.2 million
- Paid downloads
- 98.7 million (vs 112.6 million a year earlier)
- Adjusted ebitda
- $65.1 million (down 21% YoY from $82.2 million)
- Net loss margin
- -70.3%
- Adjusted net income
- $30.0 million (vs $42.9 million Q2 2025)
- Adjusted eps diluted
- 0.82
- Cost reduction target
- additional $60 million annualized run-rate opex reduction by end of 2026
- Ftc settlement payment
- $35.0 million paid to settle FTC civil investigative demand on subscription disclosure/enrollment/cancellation practices
- Adjusted free cash flow
- $28.5 million (up $11.0 million YoY)
- Quarterly dividend paid
- $13.2 million
- Cost reductions achieved
- over $70 million annualized run-rate opex reduction over past 18 months
- Subscribers end of period
- 951,000 (vs 1,073,000 a year earlier)
- Goodwill impairment pretax
- $173.7 million
- Avg revenue per customer ltm
- $292 (vs $266 a year earlier)
- Goodwill impairment aftertax
- $163.4 million
- Legal contingency expense six months
- $33.0 million
Price after filing
Close on the filing date to close N calendar days later (from $5.38). Historical, not a forecast.
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