| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 221.80 | 11.4% | 16.9% |
| Total Income | 221.80 | 11.4% | 16.9% |
| Expenditure | 377.04 | 63.8% | 62.3% |
| PBT | -160.93 | 225.9% | 473.1% |
| Net Profit | -155.94 | 227.8% | 629.7% |
| OPM | -69.99% | 54.45pp | 83.00pp |
| NPM | -70.31% | 46.42pp | 81.33pp |
| EPS | -4.25 | 217.2% | 606.0% |
Shutterstock Reports Q2 2026 Financial Results
05 Aug 2026 · 5 Aug, 3:37 pm
Summary
Shutterstock reported second quarter 2026 revenue of $221.8 million, a 17% decrease year-over-year. The company incurred a net loss of $155.9 million, significantly impacted by a $163.4 million non-cash goodwill impairment charge. Adjusted net income decreased to $30.0 million and adjusted EBITDA fell to $65.1 million, with adjusted EBITDA margin declining to 29.3%. Despite these challenges, adjusted free cash flow increased to $28.5 million.
Key Highlights
- 1
Shutterstock reported second quarter revenue of $221.8 million, a decrease of 17% compared to the second quarter of 2025.
- 2
The company reported a net loss of $155.9 million for the second quarter of 2026, compared to a net income of $29.4 million in the prior year period.
- 3
Net loss per diluted common share was $4.25 for the second quarter of 2026, compared to net income per diluted common share of $0.82 in the same period of 2025.
- 4
Adjusted net income for the second quarter of 2026 was $30.0 million, a decrease from $42.9 million in the second quarter of 2025.
- 5
Adjusted EBITDA for the second quarter of 2026 was $65.1 million, down from $82.2 million in the second quarter of 2025.
- 6
Adjusted EBITDA margin decreased to 29.3% in the second quarter of 2026 from 30.8% in the second quarter of 2025.
- 7
Adjusted free cash flow for the second quarter of 2026 was $28.5 million, an increase of $11.0 million from the second quarter of 2025.
Management Comments
Rik Powell
Following the termination of our proposed merger, we have moved quickly to strengthen our balance sheet, reduce our cost structure, and sharpen our focus on the areas with the greatest potential and are approaching every aspect of the business with discipline and urgency. We have taken significant cost actions over the past 18 months that equate to over $70 million of annualized run-rate operating expense reductions and are targeting an additional $60 million in annualized run-rate operating expense reductions by the end of the year. These actions will give us greater optionality in our capital allocation strategy. While we recognize the challenges in front of us, Shutterstock remains a company with meaningful strategic assets, including a globally recognized brand, one of the world’s largest and most diverse commercially licensed content libraries, a differentiated Data and AI Services business, our unique GIPHY platform, and strong cash generation. Together, these strengths provide a solid foundation as we refine our long-term strategy and position the business for its next phase of growth which we look forward to discussing in the coming weeks.
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