| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 260.09 | 2.6% | 3.8% |
| Total Income | 260.09 | 2.6% | 3.8% |
| Expenditure | 227.60 | 2.0% | 2.1% |
| PBT | 31.40 | 27.2% | 79.1% |
| Net Profit | 13.39 | 54.5% | 24.0% |
| OPM | 12.49% | 0.52pp | 5.25pp |
| NPM | 5.15% | 5.88pp | 1.88pp |
| EPS | 0.38 | 54.8% | 24.0% |
Shutterstock Reports Q3 2025 Revenue of $260.1 Million, Up 4% YoY
04 May 2026 · 4 May, 8:03 am
Summary
Shutterstock reported a 4% increase in revenue for the third quarter of 2025, reaching $260.1 million. The Data, Distribution, and Services segment experienced significant growth, increasing by 40%. Adjusted EBITDA also saw a rise of 13%, reaching $79.4 million, with adjusted EBITDA margins improving to 30.5%. The company's cash position strengthened, with cash and cash equivalents increasing to $165.5 million.
Key Highlights
- 1
Shutterstock's revenue grew by 4% to $260.1 million in the third quarter of 2025.
- 2
Data, Distribution, and Services revenue increased by 40% to $65.7 million compared to Q3 2024.
- 3
Adjusted EBITDA was $79.4 million, an increase of 13% compared to the third quarter of 2024.
- 4
Adjusted EBITDA margin for the third quarter of 2025 increased by 2.6% to 30.5%.
- 5
Adjusted free cash flow was $75.2 million for the third quarter of 2025, an increase of $29.6 million from the third quarter of 2024.
- 6
Cash and cash equivalents increased by $49.1 million to $165.5 million as of September 30, 2025.
Management Comments
Paul Hennessy
"Shutterstock achieved another strong quarter of financial results. Revenue grew 4% on the back of the fast-growing Data, Distribution, and Services business, while Adjusted EBITDA margins remained over 30% for the second consecutive quarter, and Free Cash Flow significantly increased. Despite the evolving competitive landscape, we continue to improve the value proposition of our unlimited content products by including AI image, video, and audio generative models as part of our offering. Additionally, we are attracting new logos and expanding relationships with existing customers within our Data, Distribution, and Services business." “we remain committed to the merger and will continue to engage with the UK’s Competition and Markets Authority and will work with Getty Images to expeditiously secure the necessary clearances."
Informational and educational content only. Not investment advice.