Earnings summaries and quarterly performance for Shutterstock.
Research analysts who have asked questions during Shutterstock earnings calls.
Bernard McTernan
Needham & Company
8 questions for SSTK
Also covers: APP, BBBY, BYON +17 more
Andrew Boone
JMP Securities
6 questions for SSTK
Also covers: ACVA, CARG, CART +26 more
Youssef Squali
Truist Securities
6 questions for SSTK
Also covers: ANGI, BABA, DASH +13 more
NB
Nitin Bansal
Bank of America
4 questions for SSTK
Also covers: IBTA, YELP
AP
Agnieszka Pustula
Bank of America
2 questions for SSTK
CN
Curtis Nagle
Bank of America
2 questions for SSTK
Also covers: ACVA, APG, BMBL +16 more
KK
Karen Kenny
Morgan Stanley
2 questions for SSTK
MC
Matthew Condon
Not Specified in Transcript
2 questions for SSTK
Also covers: ANGI, CTV, DSP +12 more
MC
Matthew Cost
Morgan Stanley
2 questions for SSTK
Also covers: APP, COMP, CTV +8 more
NB
Nitin Bense
Bank of America
1 question for SSTK
RZ
Robert Zeller
Truist Securities
1 question for SSTK
Also covers: MTCH, TREE
Recent press releases and 8-K filings for SSTK.
Shutterstock and Getty Images Receive US Antitrust Clearance for Merger
SSTK
M&A
- Shutterstock, Inc. and Getty Images Holdings, Inc. announced on February 23, 2026, that the U.S. Department of Justice (DOJ) has granted unconditional antitrust clearance for their proposed merger of equals.
- The DOJ concluded its review, and the applicable waiting period under the Hart-Scott-Rodino Act expired without conditions.
- The merger is expected to deliver substantial synergies across SG&A and CAPEX.
- The United Kingdom's Competition and Markets Authority (CMA) is still conducting a Phase 2 review, with an interim report issued on February 19 and a final decision expected by April 19.
4 days ago
Shutterstock Responds to CMA's Interim Report on Getty Images Merger
SSTK
M&A
Legal Proceedings
- Shutterstock, Inc. issued a statement on February 19, 2026, regarding the UK Competition and Markets Authority's (CMA) interim report concerning its proposed merger with Getty Images.
- The company is pleased with the CMA's provisional finding that the merger is not expected to result in competition issues in the global Stock content market.
- However, Shutterstock disagrees with the CMA's provisional finding that the merger may lead to a "substantial lessening of competition" in the UK Editorial market, asserting that the analysis does not reflect the UK market's composition, regional competition, or customer alternatives.
- Shutterstock plans to continue constructive engagement with the CMA and the U.S. Department of Justice as their reviews progress.
Feb 19, 2026, 9:48 PM
Shutterstock Reports Record Full Year 2025 Financial Results Amidst Q4 Revenue Decline
SSTK
Earnings
Demand Weakening
M&A
- Shutterstock achieved record full year 2025 revenue of $989.9 million, a 6% increase from 2024, and Adjusted EBITDA of $271.8 million, up 10%.
- For the full year 2025, net income was $45.5 million ($1.25 per diluted share) and Adjusted Free Cash Flow significantly expanded to $149.5 million.
- In the fourth quarter of 2025, revenue decreased by 12% to $220.2 million, resulting in a net loss of $16.0 million and a 21% decrease in Adjusted EBITDA to $46.8 million compared to Q4 2024.
- The Data, Distribution, and Services product offering grew 16% to $203.3 million for the full year 2025, driven by metadata sales and growth in distribution and services, despite continued challenges in the Content business.
- The company continues to work with Getty Images and regulatory authorities to secure necessary approvals for their pending merger.
Feb 17, 2026, 12:05 PM
Shutterstock Reports Full Year and Fourth Quarter 2025 Financial Results
SSTK
Earnings
M&A
Demand Weakening
- Shutterstock achieved record-setting full year 2025 revenue of $989.9 million, a 6% increase from 2024, and Adjusted EBITDA of $271.8 million, up 10%. This growth was primarily driven by its Data, Distribution, and Services business and the Envato acquisition, despite continued weakness in the Content business.
- For the fourth quarter of 2025, revenue decreased by 12% to $220.2 million, resulting in a net loss of $16.0 million compared to a net loss of $1.4 million in Q4 2024, primarily due to unrealized investment losses and merger-related professional fees.
- The company reported a significant expansion in Adjusted Free Cash Flow to $149.5 million for the full year 2025, and its cash and cash equivalents increased to $178.2 million as of December 31, 2025.
- Shutterstock continues to pursue its pending merger with Getty Images, working with regulatory authorities for necessary approvals.
Feb 17, 2026, 12:02 PM
Getty Images Reports Third Quarter 2025 Results
SSTK
Earnings
Guidance Update
M&A
- Getty Images reported Q3 2025 revenue of $240.0 million, a 0.2% decrease year over year, with Annual Subscription Revenue up 11.2% (currency neutral 9.3%), representing 58.4% of total revenue.
- The company achieved Q3 2025 Net Income of $21.6 million and Adjusted EBITDA of $78.7 million, reflecting a 9.0% Net Income margin and 32.8% Adjusted EBITDA margin.
- Getty Images updated its 2025 full-year guidance, with expected Revenue between $942 million and $951 million and Adjusted EBITDA between $291 million and $293 million.
- The proposed merger with Shutterstock is now expected to close in 2026 and has been referred to a Phase 2 review process by the UK Competition and Markets Authority (CMA).
- The High Court of England & Wales ruled in favor of Getty Images in its trademark infringement suit against Stability AI Limited on November 4, 2025.
Nov 10, 2025, 9:07 PM
Shutterstock Reports Q3 2025 Financial Results
SSTK
Earnings
M&A
Revenue Acceleration/Inflection
- Shutterstock reported Q3 2025 revenue of $260.1 million, a 4% increase year-over-year, primarily driven by a 40% growth in Data, Distribution, and Services revenue to $65.7 million.
- Adjusted EBITDA grew 13% to $79.4 million, with the adjusted EBITDA margin reaching 30.5% in Q3 2025.
- Net income for Q3 2025 was $13.4 million, or $0.37 per diluted common share, which was unfavorably impacted by $7.1 million in professional fees associated with the proposed Getty Images merger.
- Adjusted free cash flow significantly increased to $75.2 million for the third quarter of 2025, an increase of $29.6 million from the prior year.
- The company remains committed to its pending merger with Getty Images and is engaging with the UK’s Competition and Markets Authority.
Nov 5, 2025, 12:34 PM
Shutterstock Reports Q3 2025 Financial Results
SSTK
Earnings
M&A
Revenue Acceleration/Inflection
- Shutterstock reported Q3 2025 revenue of $260.1 million, a 4% increase compared to Q3 2024, primarily driven by 40% growth in its Data, Distribution, and Services business to $65.7 million.
- Net income decreased to $13.4 million (or $0.37 per diluted common share) in Q3 2025 from $17.6 million in Q3 2024, largely due to $7.1 million in professional fees associated with the proposed Getty Images merger.
- Despite the net income decrease, Adjusted EBITDA grew by 13% to $79.4 million, achieving an Adjusted EBITDA margin of 30.5% for Q3 2025, and adjusted free cash flow significantly rose to $75.2 million.
- The company remains committed to the merger with Getty Images and will not host a conference call or provide financial guidance due to the pending transaction.
Nov 5, 2025, 12:30 PM
Shutterstock merger with Getty Images referred to Phase 2 review by UK CMA
SSTK
M&A
Legal Proceedings
- On November 3, 2025, Shutterstock, Inc. (SSTK) was notified by the UK's Competition and Markets Authority (CMA) that its proposed merger with Getty Images Holdings, Inc. has been referred to a Phase 2 review process.
- This referral occurred despite Getty Images offering comprehensive remedies to avoid a Phase 2 review.
- Shutterstock expressed disappointment with the CMA's decision but reiterated its commitment to the proposed merger and its intention to work towards securing the necessary clearances.
Nov 3, 2025, 12:59 PM
Shutterstock Merger with Getty Images Faces UK Phase 2 Review
SSTK
M&A
Legal Proceedings
- The UK's Competition and Markets Authority (CMA) has notified Shutterstock of its intent to refer the proposed merger with Getty Images Holdings, Inc. to a Phase 2 review process.
- This referral can be avoided if acceptable undertakings are offered to address the CMA's competition concerns.
- Shutterstock remains committed to the proposed merger and will engage with the CMA and Getty Images to expeditiously secure the necessary clearances.
Oct 20, 2025, 11:03 AM
Shutterstock Launches New AI Services for Model Training and Evaluation
SSTK
Product Launch
New Projects/Investments
- Shutterstock launched a new suite of AI services for model builders, expanding its role from a data provider to an active partner in AI model construction, training, and assessment.
- These services provide specialized training datasets and evaluation tools to accelerate the development of next-generation AI systems.
- The offering includes end-to-end support for model training, such as custom content production, creative-expert preference data, curation & annotation services, and evaluation & performance insights.
- Shutterstock leverages its global creative network and machine learning expertise to deliver these services, building on collaborations with industry leaders like NVIDIA, Meta, OpenAI, and Runway.
Oct 7, 2025, 4:00 PM
Quarterly earnings call transcripts for Shutterstock.
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