Quarterly ResultApr 28, 2026, 07:08 AM
SSTK Q1 Revenue $199.2M (-18%); Net Loss $47.6M; Getty Merger Update
AI Summary
Shutterstock, Inc. reported Q1 2026 revenues of $199.2 million, an 18% decrease year-over-year, resulting in a net loss of $47.6 million compared to a net income of $18.7 million in Q1 2025. The company attributed the decline to a slower Content business and timing of data licensing revenue, alongside significant legal and workforce optimization expenses. Concurrently, the pending merger with Getty Images faces regulatory hurdles as the UK CMA provisionally found a substantial lessening of competition in the UK editorial market, suggesting divestment of certain Shutterstock businesses as a remedy.
Key Highlights
- UK CMA provisionally found the Getty Images merger may substantially lessen competition in the UK editorial market, suggesting divestment of Rex Features, Backgrid, and Splash News.
- Q1 2026 Revenue was $199.2 million, an 18% decrease from $242.6 million in Q1 2025.
- Q1 2026 Net Loss was $47.6 million, compared to net income of $18.7 million in Q1 2025.
- Q1 2026 Net Loss per diluted share was $1.34, compared to net income of $0.53 in Q1 2025.
- Q1 2026 Adjusted EBITDA was $42.7 million, a 33% decrease from $63.4 million in Q1 2025.
- Content revenue decreased 12% to $178.1 million in Q1 2026.
- Data, Distribution, and Services revenue decreased 47% to $21.0 million in Q1 2026.
- The Board declared a quarterly cash dividend of $0.36 per common share, payable June 18, 2026.