Shutterstock, Inc.

Shutterstock, Inc. announced that Paul J. Hennessy has stepped down as Chief Executive Officer and a member of the Board of Directors, effective July 12, 2026. Rik Powell, the Company's Chief Financial Officer, has been appointed Interim Chief Executive Officer and will continue to serve as CFO. Mr. Hennessy will remain in an advisory capacity until August 7, 2026, to ensure a smooth transition. The Board approved additional compensation for Mr. Powell, including $75,000 per month and a $450,000 RSU grant, and will begin a search for a permanent CEO. The company also plans to engage a strategic advisor.

Shutterstock, Inc. announced that the Agreement and Plan of Merger with Getty Images Holdings, Inc. is set to be terminated on July 6, 2026. This decision follows Getty Images' resolution not to proceed with the sale of Shutterstock's editorial business, a condition set by the U.K. Competition and Markets Authority for merger clearance. Shutterstock's CEO, Paul Hennessy, expressed confidence in the company's standalone future, citing its strong financial position and ability to invest in product offerings and customers. The company plans to provide further updates on its strategic plans during its second-quarter earnings release.

Shutterstock, Inc. announced that the UK Competition and Markets Authority (CMA) issued its final report concerning the Phase 2 review of the company's previously announced merger with Getty Images Holdings, Inc. This filing provides an update on the regulatory process for the merger. Previously, Getty Images filed a preliminary registration statement on Form S-4 on March 31, 2025, which was subsequently amended and declared effective on April 30, 2025, with a final prospectus filed on the same date.

Shutterstock, Inc. has reached an agreement in principle with the Federal Trade Commission (FTC) to settle an investigation into its disclosure and subscription enrollment and cancellation practices. The company will pay $35 million to the FTC and implement certain changes to its practices. This settlement resolves a civil complaint filed by the FTC alleging violations of Section 5 of the FTC Act and the Restore Online Shoppers’ Confidence Act (ROSCA).

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.

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.

Shutterstock, Inc. filed an amended annual report on Form 10-K/A for the fiscal year ended December 31, 2025. The company confirmed its status as a well-known seasoned issuer and a large accelerated filer. As of June 30, 2025, the aggregate market value of its non-affiliate common stock was $453,516,595. The filing also affirmed compliance with SEC reporting requirements, including internal control assessments.

Shutterstock, Inc. announced that its Board of Directors declared a cash dividend of $0.36 per common share. This dividend will be paid on June 18, 2026, to shareholders of record as of June 4, 2026. This action provides a direct return of capital to the company's investors.