MergerAug 7, 2026, 01:46 PM
Shutterstock Terminates Getty Images Merger; Records $173.7M Impairment
AI Summary
Shutterstock announced the termination of its merger agreement with Getty Images, which was initially planned as a merger-of-equals. This termination, effective July 7, 2026, led to a significant goodwill impairment charge of $173.7 million in the second quarter of 2026. Consequently, the company reported a net loss of $155.9 million for the three months ended June 30, 2026, compared to a net income of $29.4 million in the prior year period. Revenue also declined to $221.8 million from $266.9 million year-over-year.
Key Highlights
- Terminated merger agreement with Getty Images on July 7, 2026.
- Recorded a goodwill impairment charge of $173.7 million for Q2 2026.
- Net loss of $155.9 million for Q2 2026, compared to $29.4 million net income in Q2 2025.
- Revenue decreased to $221.8 million for Q2 2026 from $266.9 million in Q2 2025.
- Basic loss per share was $4.25 for Q2 2026, versus $0.84 earnings per share in Q2 2025.
- Total assets decreased to $1,092.3 million as of June 30, 2026, from $1,355.9 million at Dec 31, 2025.
- Net cash provided by operating activities was $18.0 million for H1 2026, down from $52.1 million for H1 2025.
Price Impact
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