Total Revenue

13% increase (from $214.3M to $242.6M)

Total Revenue growth was driven by higher Content revenue—boosted significantly by the Envato acquisition, which helped raise Content revenue to $202.9M—and aided by improvements in the Data, Distribution, and Services segment, reflecting a successful integration strategy and contributing to a solid 13% YoY increase. " " " "

Content Revenue

Dominant contributor at $202.9M (≈83.5% of total)

The high share of Content revenue in Q1 2025 underlines the positive impact of the Envato acquisition and strategic focus on content-driven offerings, even as market dynamics pressure new customer acquisition; this continued strength is key for future revenue composition. " "

European Revenue

~20% increase (from $55.4M to $66.2M)

European revenue increased nearly 20% YoY, reflecting improved market penetration and diversified portfolio benefits from Envato’s contributions, which help capitalize on regional growth opportunities despite broader competitive challenges. " " "

United States Revenue

~10% decline (from $105.0M to $94.6M)

U.S. revenue fell by approximately 10% YoY, suggesting that intensified competition or market saturation might be impacting growth domestically, pushing the company to reallocate focus toward higher-growth international segments like Europe. " " "

Net Income

16% increase (from $16.121M to $18.688M)

Despite challenges in controlling operating costs, net income grew 16% due to improved profitability from Content revenue growth and operational efficiencies gained through the integration of Envato, highlighting the company’s ability to translate revenue gains into bottom‐line improvements. " " "

Operating Income

39% decline (from $16.746M to $10.201M)

Operating Income declined by 39% YoY as rising operating expenses—especially in general and administrative costs (including expenses tied to the Getty Images merger proposal) and professional fees—offset the revenue gains, indicating pressure on core margins despite top-line improvements. " " "

Net Cash Provided by Operating Activities

200% increase (from $8.3M to $25.247M)

A more than 200% surge in operating cash flows reflects improved working capital management, with reduced payments (such as lower Giphy Retention Compensation outflows) and better timing in cash collections, suggesting stronger liquidity and operational efficiency mechanisms are in place. " "

Cash and Cash Equivalents

56% increase (from $71.811M to $112.231M)

Improved operating cash flows coupled with disciplined investing and financing activities enabled a 56% rise in cash and cash equivalents, positioning SSTK well for future investments and providing it with a buffer to navigate competitive or market uncertainties. " "