Shutterstock (SSTK) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 was $221.8M, down 17% year-over-year, with a net loss of $155.9M driven by a $173.7M goodwill impairment after the terminated Getty Images merger.

• Content revenue fell 17% to $165.7M, and Data, Distribution, and Services revenue declined 16% to $56.1M, both impacted by weaker new customer acquisition and lower data deal activity.

• Adjusted net income was $30.0M, down from $42.9M in Q2 2025, and adjusted EBITDA fell 21% to $65.1M (29.3% margin).

• Management implemented over $70M in annualized cost reductions and targets an additional $60M by year-end.

• No earnings call or forward guidance for the remainder of 2026 due to a pending strategic update.

Financial highlights

• Q2 2026 revenue: $221.8M (down 17% YoY); six-month revenue: $421.0M (down 17% YoY).

• Net loss for Q2 2026: $155.9M; six-month net loss: $203.5M.

• Adjusted EBITDA for Q2 2026: $65.1M (29.3% margin), down from $82.2M prior year.

• Adjusted net income for Q2 2026: $30.0M; adjusted net income per diluted share: $0.82.

• Adjusted free cash flow: $28.5M, up $11.0M year-over-year.

Outlook and guidance

• No formal forward guidance provided; management highlights ongoing investment in product development and international expansion.

• No guidance issued for the remainder of 2026 due to a pending strategic update.

• Management expects cost of revenue and sales/marketing expenses to fluctuate with revenue and ongoing optimization efforts.