Shutterstock stock posts $197.8 million Q3 loss
Published on 11/08/2026 at 13:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSShutterstock faces weaker demand
- Revenue declined sharply in the third quarter, with weakness in new customer acquisition weighing on the Content business.
- A large non-cash goodwill impairment drove the GAAP loss, while adjusted profitability also weakened.
- Management is pursuing cost reductions and has appointed an interim chief financial officer.
Shutterstock reported a third-quarter net loss of $197.8 million on November 5, 2026, as revenue fell to $173.9 million for the period ended September 30. The company disclosed the results in its Shutterstock earnings release.
Revenue pressure deepens
Revenue declined 33 percent from the year-earlier quarter. Content revenue fell 19 percent to $158.1 million, which Shutterstock attributed primarily to weakness in new customer acquisition. Revenue from Data, Distribution, and Services dropped 76 percent to $15.8 million, with the company noting that data revenue can vary with the timing of metadata deliveries.
The GAAP loss included a $195.6 million non-cash, after-tax goodwill impairment charge. The impairment followed a triggering event linked to the dividend suspension announced on July 22. Adjusted net income fell to $16.7 million from $36.4 million, while adjusted EBITDA declined 47 percent to $41.8 million.
Cost cuts meet leadership change
Shutterstock said third-quarter Product Development and selling, general and administrative expenses fell 30 percent year over year to $96 million. The company said it remains on track for $60 million in annualized run-rate operating expense reductions and has reduced headcount by 16 percent year to date.
Rik Powell is leaving the chief financial officer role immediately and will depart Shutterstock on November 13. Scott Grossman, senior vice president and global head of finance, is taking over as interim CFO. The leadership change adds an execution issue as the company works to stabilize demand and protect liquidity.
Shutterstock stock traded at 2.67 euros on Lang & Schwarz at 13:04 CET on Saturday, November 7, 2026. Investors can follow the real-time quote of Shutterstock stock.
Shutterstock, Inc.
- Company: Shutterstock, Inc.
- ISIN: US8256901005
- Ticker: SSTK
- Home exchange: NYSE
- Lang & Schwarz quote: 2.67 euros, Saturday, November 7, 2026, 13:04 CET
US equities provide the relevant market backdrop for Shutterstock stock; see the S&P 500 market overview.
For investors, the next focus is whether cost discipline can offset weaker customer acquisition and lower data licensing revenue. More news and analyses on Shutterstock stock.
