
MergerApr 28, 2026, 07:12 AM
SSTK Merger with Getty Images Faces UK Regulatory Hurdles
AI Summary
Shutterstock, Inc. (SSTK) reported a net loss of $47.57 million for Q1 2026, a significant decline from a net income of $18.69 million in Q1 2025, with revenue decreasing to $199.17 million. The company's proposed merger with Getty Images faces regulatory hurdles in the UK, as the CMA provisionally concluded it may lead to a substantial lessening of competition in the UK editorial market. The CMA suggested a sale of Shutterstock's Rex Features, Backgrid, and Splash News businesses as a potential remedy, with a final report due by June 14, 2026.
Key Highlights
- CMA provisionally found Getty Images merger may lessen competition in UK editorial market.
- CMA suggested selling Shutterstock's Rex Features, Backgrid, and Splash News businesses.
- Q1 2026 net loss of $47.57M, a significant drop from Q1 2025 net income of $18.69M.
- Q1 2026 revenue decreased 17.9% to $199.17M from $242.62M in Q1 2025.
- Q1 2026 diluted EPS was $(1.34) vs $0.53 in Q1 2025.
- Net cash provided by operating activities decreased to $17.37M in Q1 2026.
- Investment in Meitu, Inc. fell to $24.47M from $40.02M.
Price Impact
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