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    Shutterstock (SSTK)

    Q2 2025 Earnings Summary

    Reported on Jan 1, 1970 (Before Market Open)
    Pre-Earnings Price$19.81Last close (Jul 28, 2025)
    Post-Earnings Price$20.83Open (Jul 29, 2025)
    Price Change
    $1.02(+5.15%)
    MetricYoY ChangeReason

    Total Revenue

    21% increase (from $220.1 million in Q2 2024 to $266.99 million in Q2 2025)

    The overall revenue growth was driven by the strong integration of the Envato acquisition and improvements across business segments. Prior periods saw a rebound in Content revenue in Q1 2025 (up 17% from Q1 2024) and regional gains, which have built momentum into Q2 2025.

    Content Revenue

    N/A (reported at $199.8 million in Q2 2025)

    Content revenue reflects a stabilization following the sharp rebound in Q1 2025 attributable to Envato’s contribution. Previously, Q1 2025 saw Content revenue rise by 17% (reaching $202.9 million) after a 10% decline in Q1 2024, indicating that the acquisition helped overcome earlier weaknesses in new customer acquisition.

    Data, Distribution & Services Revenue

    N/A (reported at $67.2 million in Q2 2025, with the Data segment up about 70% QoQ)

    The surge in this segment is marked by a dramatic 70% quarterly increase in the Data portion (from $39.7 million in Q1 2025), which builds on the robust 90% growth seen in Q1 2024. This strong performance is driven by heightened demand for Shutterstock’s data offerings, expanding regulatory influence, and evolving customer needs that offset earlier modest declines.

    North America Revenue

    28% increase (from $120.1 million in Q2 2024 to $147.884 million in Q2 2025)

    North America led the growth with a 28% increase fueled by improved domestic market performance and the revenue contributions from Envato. This solid performance builds upon previous regional gains and enhanced demand in the Data and Content segments observed in earlier quarters.

    Europe Revenue

    20% increase (reported at $64.389 million in Q2 2025)

    European revenue improved by 20% as the benefits of the Envato acquisition and higher Content revenue began to manifest in this region. This represents a turnaround from the prior slowdown seen in Q1 2024, where Europe experienced a decline, now recovering with stronger market traction.

    Rest of World Revenue

    17% increase (reported at $54.717 million in Q2 2025)

    Rest of World revenue rose by 17%, reflecting a rebound from the declines observed in Q1 2024. The increase is largely attributed to revenue diversification following Envato’s acquisition and the expansion of revenue streams into regions that had previously experienced weakness.

    Research analysts covering Shutterstock.