No guidance and canceled earnings call signal deep uncertainty; watch for the strategic update expected in coming weeks. The cost reduction target of $60M annualized may provide a floor, but accelerating revenue decline and subscriber churn suggest further downside risk.
Price Chart
Executive Summary
Shutterstock reported Q2 2026 revenue of $221.8M, down 17% YoY, and a GAAP net loss of $155.9M (including a $173.7M goodwill impairment). The company withdrew guidance, canceled its earnings call, and cited weakness in new customer acquisition. Adjusted EBITDA fell 21% to $65.1M, and subscriber count dropped 11% YoY to 951,000.
Key Financial Metrics
Key Facts
- Revenue $221.8M, down 17% YoY (from $267.0M)
- GAAP net loss of $155.9M vs prior-year net income of $29.4M
- Non-cash goodwill impairment of $173.7M after proposed merger terminated
- Adjusted net income per diluted share was $0.82 (vs $1.19 last year)
- Adjusted EBITDA $65.1M, down 21% YoY (margin 29.3% vs 30.8%)
- Subscribers fell to 951,000 from 1,073,000; subscriber revenue down 7.6% to $99.8M
- Paid downloads declined to 98.7M from 112.6M
- Cash and equivalents $133.2M; generated only $0.6M operating cash flow
- Guidance withdrawn for remainder of 2026; earnings call cancelled
- Targeting additional $60M in annualized cost reductions
Financial Impact
Revenue decline of 17% YoY, GAAP net loss of $155.9M (including $173.7M goodwill impairment), adjusted EBITDA down 21% to $65.1M, and guidance withdrawal create significant downside risk.
Risk Factors
- Continued revenue decline (17% YoY) and weakening subscriber metrics
- Remaining $400M goodwill vulnerable to further impairment
- FTC settlement ($35M paid) and potential additional legal costs
- Terminated Getty Images merger creates strategic vacuum
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302843046 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 8w ago | Press Release | $6.24 $5.75 | ▲ +7.85% | ▲ +7.25% | $3.81 (+38.94%) |
Jul 9, 2026 12w ago | Press Release | $8.73 $5.91 | ▼ −32.30% | ▼ −34.54% | $3.81 (−56.36%) |
Jul 9, 2026 12w ago | 8-K | $8.73 $5.91 | ▲ +32.30% | ▲ +34.54% | $3.81 (+56.36%) |
Jul 1, 2026 13w ago | 425 | $9.90 $5.70 | ▲ +42.42% | ▲ +40.24% | $3.81 (+61.52%) |
Jul 1, 2026 13w ago | 8-K | $9.90 $5.70 | ▲ +42.42% | ▲ +40.24% | $3.81 (+61.52%) |
May 15, 2026 20w ago | 425 | $16.52 $13.62 | ▼ −17.55% | ▼ −19.67% | $3.81 (−76.94%) |
May 15, 2026 20w ago | 8-K | $16.52 $13.62 | ▼ −17.55% | ▼ −19.67% | $3.81 (−76.94%) |
Apr 24, 2026 23w ago | 10-K/A | $17.48 $16.28 | ▼ −6.87% | ▼ −10.89% | $3.81 (−78.20%) |
Apr 20, 2026 23w ago | 8-K | $17.99 $16.71 | ▼ −7.12% | ▼ −12.03% | $3.81 (−78.82%) |
US Market Status
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