Timothy Adams, Matthew Salzberg, and Michael Thompson bring extensive financial, operational, investment, and technology expertise to Shutterstock's Board
, /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced the appointment of Timothy Adams, Matthew Salzberg, and Michael Thompson to its Board of Directors.
Timothy Adams
Matthew Salzberg
Michael Thompson
The appointments add three accomplished executives and investors with deep experience across technology and emerging markets, investment and capital allocation, building and scaling businesses, and public-company finance and governance. Their collective expertise further strengthens the Board as Shutterstock remains focused on creating long-term value for the Company and its shareholders.
"The caliber of leaders joining our Board speaks to both the strength of Shutterstock and the opportunity ahead," said Jon Oringer, Executive Chairman of the Board at Shutterstock. "Tim, Matt, and Michael have each built impressive careers leading, investing in and advising companies through periods of growth and transformation. They bring deep financial, operational, governance, and technology expertise, along with the independent perspective that comes from having successfully navigated complex business environments. We are thrilled they have chosen to bring that experience to Shutterstock."
Timothy Adams is a seasoned financial executive and board director with more than 20 years of leadership experience across public and private technology companies. He currently serves as Chief Financial Officer of Validity Inc. and previously served as Chief Financial Officer of Rapid7, Inc., and BitSight Technologies, Inc. Adams also served on the Board of Directors of Model N, where he chaired the Audit Committee. Throughout his career, he has led and advised on IPOs, M&A transactions, capital raises, and strategic financings, bringing extensive experience in public-company governance, financial discipline, and investor relations. He holds a B.S. in Accounting from Murray State University, and an M.B.A. from Boston University.
Matthew Salzberg is a CEO, investor, and founder with extensive experience building, scaling, and transforming technology-enabled businesses. He is co-founder and Chairman of Unlimited, an alternative investment manager, and co-founder of Embark Veterinary and Coldcart. Salzberg founded Blue Apron in 2011 and served as CEO for its first six years, growing the company from an idea into a nationally recognized consumer brand with approximately $910 million in annual revenue and more than 5,000 employees. He led Blue Apron's 2017 initial public offering and later served as Chairman of its Board. Salzberg also founded venture capital firm Material, and previously served as CEO of Ambr Group. He holds an A.B. in Economics, summa cum laude, from Harvard College, and an M.B.A. from Harvard Business School.
Michael Thompson has served as Managing Partner of Reinvent Capital, a private investment fund focused on technology companies, since 2017. Previously, he founded and served as Managing Partner of BHR Capital, a New York-based hedge fund. Thompson has invested in and advised numerous innovative technology companies throughout his career, with particular experience across aerospace, advanced energy, emerging technologies, and AI applications in the physical world. He currently serves on the Boards of Directors of Joby Aviation, Oklo Inc. and American Banknote Corporation, and is an advisor to Xona Space Systems. Thompson holds a Bachelor of Business Administration in International Finance from the Honors Program at the University of Georgia.
About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Shutterstock, Inc. (“Shutterstock” or the “Company”) (NYSE: SSTK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Shutterstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 22, 2026, Shutterstock issued a press release announcing that its Board of Directors had “resolved to suspend the Company’s future quarterly cash dividend.” The press release stated that “[t]he Board’s determination reflects its ongoing review of the Company's capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility.”
On this news, Shutterstock’s stock price fell $1.62 per share, or 21.95%, to close at $5.76 per share on July 23, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
The recognition honors Dr. Sala's leadership in responsible AI development and the advancement of inclusive AI systems
, /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced that Dr. Alessandra Sala, Senior Director of AI and Data Science at Shutterstock, has been named to the 2026 TIME100 AI list, TIME's annual recognition of the 100 most influential people shaping the future of AI.
Dr. Alessandra Sala, Senior Director of AI and Data Science at Shutterstock, TIME100 AI The recognition reflects Dr. Sala's sustained leadership at the intersection of AI, data science, ethics, and global governance. Throughout her career, Dr. Sala has worked to translate responsible AI from an aspiration into practical systems, standards, and operating principles, advancing a vision in which technological progress is strengthened by transparency, accountability, human expertise, and respect for the people whose work makes innovation possible.
As Global President of Women in AI, Dr. Sala has helped expand the organization's international reach and promote greater participation by women and underrepresented communities in AI development. Through her leadership roles with UNESCO's Women4Ethical AI, and AI Ethics Experts Without Borders, as well as her work with international standards organizations including ISO, IEC and ITU, Dr. Sala has helped advance practical frameworks for AI governance, inclusion in AI development, and standards for multimedia authenticity, helping build the trust and accountability needed for AI to scale across industries and society.
"AI will earn its place in society not only through what it can create, but through the trust it can sustain," said Dr. Sala. "I am deeply honored by this recognition, which reflects the collective work of colleagues, researchers, standards leaders, and extraordinary women across industry, Women in AI, and Women4Ethical AI. Together, we are demonstrating that innovation becomes more powerful when accountability, inclusion, and human expertise are embedded at its core."
At Shutterstock, Dr. Sala has helped shape an approach to AI grounded in rights-cleared data, transparent provenance, and involving creators in this evolving ecosystem. That foundation continues to shape how Shutterstock works with leading AI companies to put its diverse, high-quality data to work, helping advance the next generation of AI.
The full 2026 TIME100 AI list here: ti.me/100ai
Shutterstock Data Licensing & AI Services
Shutterstock is an end-to-end AI model training partner that unifies data licensing, services, and long-term collaboration under a single provider—reducing operational complexity and helping teams bring higher-performing AI systems to market faster and with greater confidence. Shutterstock combines access to one of the world's largest rights-cleared multimodal datasets with advanced data curation and custom training datasets to power high-performing, deployment-ready generative models. This licensable training data includes high-quality labeled and continuously updated multimodal content with clear data provenance to support AI compliance. Shutterstock leverages ML-assisted evaluation tools to provide model training, fine-tuning, alignment, evaluation, and retraining. Through human-in-the-loop workflows, expert creative feedback, and structured preference data, Shutterstock delivers aesthetic preference signals, benchmarking, and regression testing to drive continuous model improvement. Learn more and start the conversation at shutterstock.com/data-licensing.
About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Shutterstock, Inc. ("Shutterstock" or the "Company") (NYSE: SSTK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Shutterstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 22, 2026, Shutterstock issued a press release announcing that its Board of Directors had "resolved to suspend the Company's future quarterly cash dividend." The press release stated that "[t]he Board's determination reflects its ongoing review of the Company's capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility."
On this news, Shutterstock's stock price fell $1.62 per share, or 21.95%, to close at $5.76 per share on July 23, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Shutterstock, Inc. (“Shutterstock” or “the Company”) (NYSE: SSTK) for violations of the securities laws.
INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Shutterstock announced on July 22, 2026, that its Board of Directors had "resolved to suspend the Company's future quarterly cash dividend." According to the Company, "the Board's determination reflects its ongoing review of the Company's capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility." Based on this news, shares of Shutterstock fell by almost 22% on the next day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260823238691/en/
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Shutterstock, Inc. ("Shutterstock" or the "Company") (NYSE: SSTK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Shutterstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 22, 2026, Shutterstock issued a press release announcing that its Board of Directors had "resolved to suspend the Company's future quarterly cash dividend." The press release stated that "[t]he Board's determination reflects its ongoing review of the Company's capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility."
On this news, Shutterstock's stock price fell $1.62 per share, or 21.95%, to close at $5.76 per share on July 23, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Shutterstock, Inc. (“Shutterstock” or the “Company”) (NYSE: SSTK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Shutterstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 22, 2026, Shutterstock issued a press release announcing that its Board of Directors had “resolved to suspend the Company’s future quarterly cash dividend.” The press release stated that “[t]he Board’s determination reflects its ongoing review of the Company's capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility.”
On this news, Shutterstock’s stock price fell $1.62 per share, or 21.95%, to close at $5.76 per share on July 23, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
The integration builds on Shutterstock's continued strategy to make its rights-cleared content a staple in AI-native creative and commercial workflows
, /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced the launch of its connector in Anthropic's Claude. The connector allows users to access Shutterstock's high-quality, licensable content directly within Claude.
Commercial-Ready Content, Now in Anthropic's Claude
Shutterstock now enables users to discover images, videos, music, and sound effects from one of the world’s largest content collections directly in Anthropic's Claude. Whether users are developing presentations, strategic briefs, campaign concepts, or internal communications, Shutterstock's integration within Claude enables them to easily discover and license images, videos, music, and sound effects for their work. The result is a more efficient path from idea to execution, providing access to high-quality, licensable content that gives individual and enterprise users greater commercial confidence.
"Customers are increasingly using AI-native tools concurrently with their traditional creative tools, but these systems are still largely disconnected, and not solving for the commercial-ready outcomes our customers need," said Paul Teall, Vice President, Marketplace Strategy at Shutterstock. "We're breaking down that divide so customers can strategize, ideate, create, iterate, license, and finalize work with less toggling, more control, and greater confidence. For us, it's about meeting our Shutterstock customers where they are."
Fueling Real-World Work Across AI Ecosystems
As Shutterstock continues evolving its human-led, AI-powered creative platform, the Claude connector provides access to its content, ensuring that creative and AI workflows remain connected, consistent, and commercially ready from concept through execution. This integration also builds on Shutterstock's broader capabilities, including its global library of licensable content, data and services for AI model training, and AI-powered creative tools and generative capabilities. Together, these solutions enable customers to not only generate and edit ideas, but to produce work that meets standards for usage, rights, and brand consistency.
As customer workflows evolve, Shutterstock is making its licensable content more readily accessible, wherever ideas and work take shape. This launch reflects Shutterstock's broader strategy to treat AI and content as one integrated experience, making them work together in ways that feel intuitive and useful. This approach helps customers combine authentic human creativity with AI-powered workflows to deliver commercially ready work.
Together with Shutterstock's recently launched ChatGPT app, the Claude integration expands Shutterstock's strategy of embedding its AI-powered creative platform across the AI environments used every day.
Shutterstock Data Licensing & AI Services
Shutterstock is an end-to-end AI model training partner that unifies data licensing, services, and long-term collaboration under a single provider—reducing operational complexity and helping teams bring higher-performing AI systems to market faster and with greater confidence. Shutterstock combines access to one of the world's largest rights-cleared multimodal datasets with advanced data curation and custom training datasets to power high-performing, deployment-ready generative models. This licensable training data includes high-quality labeled and continuously updated multimodal content with clear data provenance to support AI compliance. Shutterstock leverages ML-assisted evaluation tools to provide model training, fine-tuning, alignment, evaluation, and retraining. Through human-in-the-loop workflows, expert creative feedback, and structured preference data, Shutterstock delivers aesthetic preference signals, benchmarking, and regression testing to drive continuous model improvement.
Learn more and start the conversation at shutterstock.com/data-licensing.
About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
NEW YORK, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Shutterstock, Inc. (“Shutterstock” or the “Company”) (NYSE: SSTK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Shutterstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 22, 2026, Shutterstock issued a press release announcing that its Board of Directors had “resolved to suspend the Company’s future quarterly cash dividend.” The press release stated that “[t]he Board’s determination reflects its ongoing review of the Company's capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility.”
On this news, Shutterstock’s stock price fell $1.62 per share, or 21.95%, to close at $5.76 per share on July 23, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced financial results for the second quarter ended June 30, 2026.
Commenting on the Company's performance, Rik Powell, the Company's Interim Chief Executive Officer and Chief Financial Officer, said, "Following the termination of our proposed merger, we have moved quickly to strengthen our balance sheet, reduce our cost structure, and sharpen our focus on the areas with the greatest potential and are approaching every aspect of the business with discipline and urgency. We have taken significant cost actions over the past 18 months that equate to over $70 million of annualized run-rate operating expense reductions and are targeting an additional $60 million in annualized run-rate operating expense reductions by the end of the year. These actions will give us greater optionality in our capital allocation strategy."
He continued, "While we recognize the challenges in front of us, Shutterstock remains a company with meaningful strategic assets, including a globally recognized brand, one of the world's largest and most diverse commercially licensed content libraries, a differentiated Data and AI Services business, our unique GIPHY platform, and strong cash generation. Together, these strengths provide a solid foundation as we refine our long-term strategy and position the business for its next phase of growth which we look forward to discussing in the coming weeks."
EARNINGS TELECONFERENCE INFORMATION
In light of the pending strategic update, the Company will no longer be hosting the conference call originally scheduled for August 6, 2026 or issuing guidance for the remainder of 2026.
Second Quarter 2026 highlights as compared to Second Quarter 2025:
Financial Highlights
Revenues were $221.8 million compared to $267.0 million. Net loss was $155.9 million compared to net income of $29.4 million. Net loss includes a $163.4 million non-cash, after-tax goodwill impairment charge. Net loss per diluted common share was $4.25 compared to net income per diluted common share of $0.82. Adjusted net income was $30.0 million compared to $42.9 million. Adjusted net income per diluted common share was $0.82 compared to $1.19. Adjusted EBITDA was $65.1 million compared to $82.2 million. SECOND QUARTER RESULTS
Revenue
Second quarter revenue of $221.8 million decreased by $45.2 million or 17% as compared to the second quarter of 2025.
Revenue from our Content product offering decreased by $34.1 million, or 17%, as compared to the second quarter of 2025, to $165.7 million. The reduction in our Content revenue was driven primarily by weakness in new customer acquisition. Content revenue represented 75% of our total revenue in the second quarter of 2026.
Revenue generated from our Data, Distribution, and Services product offering decreased by $11.1 million, or 16%, as compared to the second quarter of 2025, to $56.1 million, and represented 25% of second quarter revenue in 2026. Revenue recognition in our data offering may vary from quarter-to-quarter based on the delivery timing of metadata licenses.
Net income and net income per diluted common share
Net income decreased by $185.4 million to a net loss of $155.9 million in the second quarter of 2026, compared to net income of $29.4 million for the second quarter of 2025. Net loss per diluted common share was $4.25, as compared to net income per diluted common share of $0.82 for the same period in 2025. In the second quarter of 2026, the Company recorded a non-cash goodwill impairment charge of $173.7 million resulting from the decline in the Company's fair value after the announcement of the terminated merger agreement. Additionally, the Company had further declines in revenue, with operating costs not declining at a similar rate, as well as $3.0 million of unrealized losses related to our investment in Meitu, Inc, $3.7 million of Merger related costs, $5.0 million of legal contingency expenses and $3.0 million of workforce optimizations expenses.
Adjusted net income and adjusted net income per diluted common share
Adjusted net income of $30.0 million in the second quarter of 2026 decreased by $12.9 million, compared to adjusted net income of $42.9 million for the second quarter of 2025, primarily due to the decline in revenue.
Adjusted net income per diluted common share was $0.82, compared to $1.19 for the second quarter of 2025.
Adjusted EBITDA
Adjusted EBITDA of $65.1 million for the second quarter of 2026 decreased by $17.1 million, or 21%, as compared to the second quarter of 2025, primarily due to the decline in revenue.
Net loss margin of 70.3% for the second quarter of 2026 decreased by 81.3%, as compared to net income margin of 11.0% in the second quarter of 2025. The adjusted EBITDA margin of 29.3% for the second quarter of 2026 decreased by 1.5%, as compared to 30.8% in the second quarter of 2025.
SECOND QUARTER LIQUIDITY
Our cash and cash equivalents decreased by $29.3 million to $133.2 million at June 30, 2026, as compared with $162.5 million as of March 31, 2026. This was driven by $0.6 million of net cash from operating activities, including a $35.0 million payment for the settlement of the FTC's civil investigative demand on the Company's subscription disclosure and enrollment and cancellation practices. In addition, the Company had $18.5 million of net cash used in financing activities and $10.1 million of net cash used in investing activities.
Net cash from operating activities was driven by the $35.0 million payment to the FTC. This was offset by cash generation from our business operations and changes in the timing of cash collections from our customers and payments pertaining to operating expenses. In addition, cash flows for the three months ended June 30, 2026 were unfavorably impacted by $3.0 million of expenses related to the Getty Images proposed merger.
Cash used in investing activities for the three months ended June 30, 2026 consisted of $10.1 million related to capital expenditures, $0.1 million of content acquisition, partially offset by $0.1 million related to the receipt of the Giphy Retention Compensation, as reimbursed by the Giphy seller.
Cash used in financing activities for the three months ended June 30, 2026 consisted of $13.2 million related to the payment of the quarterly cash dividend, $4.5 million paid in settlement of tax withholding obligations related to employee stock-based compensation awards, and $0.8 million used for the repayment of our credit facility.
Adjusted free cash flow was $28.5 million for the second quarter of 2026, an increase of $11.0 million from the second quarter of 2025.
KEY OPERATING METRICS
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
20255
Subscribers (end of period)(1)
951,000
1,073,000
951,000
1,073,000
Subscriber revenue (in millions)(2)
$ 99.8
$ 108.0
$ 203.6
$ 217.9
Average revenue per customer (last twelve months)(3)
Subscribers, Subscriber Revenue and Average Revenue Per Customer from acquisitions are included in these metrics beginning twelve months after the closing of the respective business combination. Accordingly, the metrics include Subscribers, Subscriber revenue, and Average revenue per customer from Backgrid beginning February 2025. 2025 metrics include the counts and revenues from Envato, which was acquired in July 2024.
(1) Subscribers is defined as those customers who purchase one or more of our monthly recurring products for a continuous period of at least three months, measured as of the end of the reporting period.
(2) Subscriber revenue is defined as the revenue generated from subscribers during the period.
(3) Average revenue per customer is calculated by dividing total revenue for the last twelve-month period by customers. Customers is defined as total active, paying customers that contributed to total revenue over the last twelve-month period.
(4) Paid downloads is the number of downloads that our customers make in a given period of our content. Paid downloads exclude content related to our Studios business, downloads of content that are offered to customers for no charge, including our free trials and metadata delivered through our data deal offering.
NON-GAAP FINANCIAL MEASURES
To supplement Shutterstock's consolidated financial statements presented in accordance with the accounting principles generally accepted in the United States, or GAAP, Shutterstock's management considers certain financial measures that are not prepared in accordance with GAAP, collectively referred to as non-GAAP financial measures, including adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per diluted share, revenue growth (including by distribution channel) on a constant currency basis (expressed as a percentage), and adjusted free cash flow.
Shutterstock defines adjusted EBITDA as net income adjusted for depreciation and amortization, non-cash equity-based compensation, Giphy Retention Compensation Expense - non-recurring, foreign currency transaction gains and losses, severance costs associated with strategic workforce optimizations, goodwill impairment, impairment loss on long-term investment, impairment of lease assets, unrealized losses / gains on investments, legal contingencies, interest income and expense, income taxes and Merger related costs; adjusted EBITDA margin as the ratio of adjusted EBITDA to revenue; adjusted net income as net income adjusted for the impact of non-cash equity-based compensation, amortization of acquisition-related intangible assets, Giphy Retention Compensation Expense - non-recurring, severance costs associated with strategic workforce optimizations (reported in Other), unrealized losses / gains on investments (reported in Other), goodwill impairment, impairment loss on long-term investment, legal contingencies, Merger related costs and the estimated tax impact of such adjustments; adjusted net income per diluted common share as adjusted net income divided by weighted average diluted shares; revenue growth (including by product offering) on a constant currency basis (expressed as a percentage) as the increase in current period revenues over prior period revenues, utilizing fixed exchange rates for translating foreign currency revenues for all periods presented in the comparison; and adjusted free cash flow as net cash provided by operating activities, adjusted for capital expenditures, content acquisition, cash received related to Giphy Retention Compensation in connection with the acquisition of Giphy, cash paid for the settlement of the FTC investigation, and cash paid for costs related to the Getty Images merger.
The expense associated with the Giphy Retention Compensation related to (i) the one-time employment inducement bonuses and (ii) the vesting of the cash value of unvested Meta equity awards held by the employees prior to closing, which are reflected in operating expenses (together, the "Giphy Retention Compensation Expense - non-recurring"), are required payments in accordance with the terms of the acquisition. Meta's sale of Giphy was directed by the United Kingdom Competition and Markets Authority (the "CMA") and accordingly, the terms of the acquisition were subject to CMA preapproval. Management considers the operating expense associated with these required payments to be unusual and non-recurring in nature. The Giphy Retention Compensation Expense - non-recurring is not considered an ongoing expense necessary to operate the Company's business. Therefore, such expenses have been included in the below adjustments for calculating adjusted EBITDA, adjusted EBITDA margin, adjusted net income and adjusted net income per diluted common share.
These figures have not been calculated in accordance with GAAP and should be considered only in addition to results prepared in accordance with GAAP and should not be considered as a substitute for, or superior to, GAAP results. Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
Shutterstock's management believes that adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per diluted common share, revenue growth (including by product offering) on a constant currency basis (expressed as a percentage) and adjusted free cash flow are useful to investors because these measures enable investors to analyze Shutterstock's operating results on the same basis as that used by management. Additionally, management believes that adjusted EBITDA, adjusted EBITDA margin, adjusted net income and adjusted net income per diluted common share provide useful information to investors about the performance of the Company's overall business because such measures eliminate the effects of unusual or other infrequent charges that are not directly attributable to Shutterstock's underlying operating performance; and revenue growth (including by product offering) on a constant currency basis (expressed as a percentage) provides useful information to investors by eliminating the effect of foreign currency fluctuations that are not directly attributable to Shutterstock's operating performance. Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting. Shutterstock's management believes that adjusted free cash flow is useful for investors because it provides them with an important perspective on the cash available for strategic measures, after making necessary capital investments in internal-use software and website development costs to support the Company's ongoing business operations, and provides them with the same measures that management uses as the basis for making resource allocation decisions.
Shutterstock's management also uses the non-GAAP financial measures adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per diluted common share, revenue growth (including by product offering) on a constant currency basis (expressed as a percentage), and adjusted free cash flow, in conjunction with GAAP financial measures, as an integral part of managing the business and to, among other things: (i) monitor and evaluate the performance of Shutterstock's business operations, financial performance and overall liquidity; (ii) facilitate management's internal comparisons of the historical operating performance of its business operations; (iii) facilitate management's external comparisons of the results of its overall business to the historical operating performance of other companies that may have different capital structures and debt levels; (iv) review and assess the operating performance of Shutterstock's management team and, together with other operational objectives, as a measure in evaluating employee compensation; (v) analyze and evaluate financial and strategic planning decisions regarding future operating investments; and (vi) plan for and prepare future annual operating budgets and determine appropriate levels of operating investments.
Reconciliations of the differences between each of our non-GAAP financial measures (adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per diluted common share, revenue growth (including by product offering) on a constant currency basis (expressed as a percentage), adjusted free cash flow), and each measure's most directly comparable financial measure calculated and presented in accordance with GAAP, are presented under the headings "Reconciliation of Non-GAAP Financial Information to GAAP" and "Supplemental Financial Data" immediately following the Consolidated Balance Sheets.
ABOUT SHUTTERSTOCK
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
FORWARD-LOOKING STATEMENTS
The statements in this press release, and any related oral statements, include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than historical facts, are forward-looking statements. Forward-looking statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, financings or otherwise, based on current beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. Forward-looking statements speak only as of the date they are made or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will be achieved or will occur or the timing thereof. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including "believes," "expects," "may," "will," "should," "could," "might," "seeks," "intends," "plans," "pro forma," "estimates," "anticipates," "designed," or the negative of these words and phrases, other variations of these words and phrases or comparable terminology, but not all forward-looking statements include such identifying words. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary. The forward-looking statements in this press release relate to, among other things, statements regarding industry prospects, future business, future results of operations or financial condition, future dividends, future stock performance, our ability to consummate acquisitions and integrate the businesses we have acquired or may acquire into our existing operations, new or planned features, products or services, management strategies, our ability to offer premier Data Licensing and AI Services, and our competitive position. Important factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include, among others, the risks discussed under the caption "Risk Factors" in Shutterstock's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward looking statements. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Shutterstock does not assume, and hereby disclaims, any obligation to update forward-looking statements, except as may be required by law.
Shutterstock, Inc.
Consolidated Statements of Operations
(In thousands, except for per share data)
(unaudited)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Revenue
$ 221,801
$ 266,990
$ 420,971
$ 509,610
Operating expenses:
Cost of revenue
93,787
105,994
188,575
206,882
Sales and marketing
48,008
57,077
96,354
110,436
Product development
17,574
20,754
36,979
40,619
General and administrative
43,930
48,434
111,515
106,741
Goodwill impairment
173,738
—
173,738
—
Total operating expenses
377,037
232,259
607,161
464,678
(Loss) / income from operations
(155,236)
34,731
(186,190)
44,932
Interest expense
(3,833)
(4,224)
(7,593)
(8,522)
Other (expense) / income, net
(1,862)
12,624
(16,523)
27,139
(Loss) / income before income taxes
(160,931)
43,131
(210,306)
63,549
(Benefit) / provision for income taxes
(4,992)
13,691
(6,798)
15,421
Net (loss) / income
$ (155,939)
$ 29,440
$ (203,508)
$ 48,128
(Losses) / earnings per share:
Basic
$ (4.25)
$ 0.84
$ (5.63)
$ 1.37
Diluted
$ (4.25)
$ 0.82
$ (5.63)
$ 1.35
Weighted average common shares outstanding:
Basic
36,703
35,257
36,126
35,075
Diluted
36,703
35,958
36,126
35,642
Shutterstock, Inc.
Consolidated Balance Sheets
(In thousands, except par value amount)
(unaudited)
June 30, 2026
December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents
$ 133,208
$ 178,244
Accounts receivable, net of allowance of $3,750 and $3,431
102,264
112,626
Prepaid expenses and other current assets
44,025
47,769
Total current assets
279,497
338,639
Property and equipment, net
61,237
62,553
Right-of-use assets
8,238
9,770
Intangible assets, net
192,073
215,673
Goodwill
400,025
574,614
Deferred tax assets, net
77,221
61,289
Other assets
73,986
93,398
Total assets
$ 1,092,277
$ 1,355,936
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$ 12,982
$ 13,898
Accrued expenses
104,227
129,952
Contributor royalties payable
98,292
94,163
Deferred revenue
198,444
212,984
Debt
158,112
158,110
Other current liabilities
14,719
19,295
Total current liabilities
586,776
628,402
Deferred tax liability, net
1,323
1,134
Long-term debt
115,157
116,639
Lease liabilities
13,518
17,247
Other non-current liabilities
11,843
11,476
Total liabilities
728,617
774,898
Commitments and contingencies
Stockholders' equity:
Common stock, $0.01 par value; 200,000 shares authorized; 42,328 and 41,049 shares
issued and 36,807 and 35,528 shares outstanding as of June 30, 2026 and December 31,
2025, respectively
422
410
Treasury stock, at cost; 5,521 shares as of June 30, 2026 and December 31, 2025
(269,804)
(269,804)
Additional paid-in capital
536,627
520,018
Accumulated other comprehensive loss
(9,249)
(4,754)
Retained earnings
105,664
335,168
Total stockholders' equity
363,660
581,038
Total liabilities and stockholders' equity
$ 1,092,277
$ 1,355,936
Shutterstock, Inc.
Consolidated Statements of Cash Flows
(In thousands, except par value amount)
(unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) / income
$ (155,939)
$ 29,440
$ (203,508)
$ 48,128
Adjustments to reconcile net (loss) / income to net cash (used in)
/ provided by operating activities:
Depreciation and amortization
22,416
22,611
45,120
45,282
Deferred taxes
(8,399)
974
(15,741)
(6,798)
Goodwill impairment
173,738
—
173,738
—
Non-cash equity-based compensation
12,536
15,625
25,908
33,509
Loss on impairment of long-term investment
—
5,000
—
5,000
Bad debt expense
214
367
319
960
Unrealized loss / (gain) on investments, net
2,963
(18,028)
18,268
(31,288)
Changes in operating assets and liabilities:
Accounts receivable
735
(39,056)
9,701
(55,674)
Prepaid expenses and other current and non-current assets
(3,759)
4,775
1,592
22,757
Accounts payable and other current and non-current liabilities
(37,972)
2,677
(29,386)
(14,587)
Contributor royalties payable
3,459
6,401
5,084
9,780
Deferred revenue
(9,371)
(3,950)
(13,104)
(4,986)
Net cash provided by operating activities
$ 621
$ 26,836
$ 17,991
$ 52,083
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures
(10,115)
(11,312)
(21,710)
(22,120)
Cash received related to Giphy Retention Compensation
109
369
477
861
Acquisition of content
(110)
(4,081)
(301)
(4,978)
Security deposit (payment) / release
(23)
59
249
38
Net cash used in investing activities
$ (10,139)
$ (14,965)
$ (21,285)
$ (26,199)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash paid to settle employee taxes related to RSU vesting
(4,461)
(1,473)
(10,848)
(5,012)
Payment of cash dividends
(13,214)
(11,623)
(25,996)
(23,124)
Repayment of credit facility
(782)
(782)
(1,563)
(1,563)
Net cash used in financing activities
$ (18,457)
$ (13,878)
$ (38,407)
$ (29,699)
Effect of foreign exchange rate changes on cash
(1,333)
6,186
(3,335)
8,974
Net (decrease) / increase in cash and cash equivalents
(29,308)
4,179
(45,036)
5,159
Cash and cash equivalents, beginning of period
162,518
112,231
178,244
111,251
Cash and cash equivalents, end of period
$ 133,208
$ 116,410
$ 133,208
$ 116,410
Supplemental Disclosure of Cash Information:
Cash paid for income taxes
$ 6,934
$ 15,293
$ 7,678
$ 14,689
Cash paid for interest
3,518
4,106
7,288
8,465
Shutterstock, Inc.
Reconciliation of Non-GAAP Financial Information to GAAP
(In thousands, except per share information)
(unaudited)
Adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per diluted share, revenue growth (including by distribution channel) on a constant currency basis (expressed as a percentage), and adjusted free cash flow are not financial measures prepared in accordance with United States generally accepted accounting principles (GAAP). Such non-GAAP financial measures should not be construed as alternatives to any other measures of performance determined in accordance with GAAP. Investors are cautioned that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Net (loss) / income
$ (155,939)
$ 29,440
$ (203,508)
$ 48,128
Add / (less) Non-GAAP adjustments:
Non-cash equity-based compensation
12,536
15,625
25,908
33,509
Tax effect of non-cash equity-based compensation (1)
(2,946)
(3,672)
(6,088)
(7,875)
Acquisition-related amortization expense (2)
9,564
9,581
19,163
19,278
Tax effect of acquisition-related amortization expense (1)
(2,248)
(2,252)
(4,504)
(4,531)
Unrealized loss / (gain) on investment
2,963
(13,029)
18,268
(26,289)
Goodwill impairment
173,738
—
173,738
—
Tax effect of goodwill impairment(1)
(10,371)
—
(10,371)
—
Workforce optimization - severance
2,963
121
9,043
301
Tax effect of workforce optimization - severance(1)
Statutory tax rates are used to calculate the tax effect of the adjustments.
(2)
Of these amounts, $8.9 million and $8.9 million are included in cost of revenue for the three months ended June 30, 2026 and 2025, respectively. The remainder of acquisition-related amortization expense is included in general and administrative expense in the Statement of Operations.
Revenue (decline) / growth on a constant currency basis
(17) %
20 %
(18) %
17 %
Content reported revenue (in thousands)
$ 165,664
$ 199,796
$ 343,790
$ 402,684
Content revenue (decline) / growth
(17) %
18 %
(15) %
17 %
Content revenue (decline) / growth on a constant currency basis
(16) %
16 %
(15) %
17 %
Data, Distribution, and Services reported revenue (in thousands)
$ 56,137
$ 67,194
$ 77,181
$ 106,926
Data, Distribution, and Services revenue (decline) / growth
(16) %
34 %
(28) %
18 %
Data, Distribution, and Services revenue (decline) / growth on a
constant currency basis
(19) %
35 %
(30) %
18 %
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Cash flow information:
Net cash provided by operating activities
$ 621
$ 26,836
$ 17,991
$ 52,083
Net cash used in investing activities
$ (10,139)
$ (14,965)
$ (21,285)
$ (26,199)
Net cash used in financing activities
$ (18,457)
$ (13,878)
$ (38,407)
$ (29,699)
Adjusted free cash flow:
Net cash provided by operating activities
$ 621
$ 26,836
$ 17,991
$ 52,083
Capital expenditures
(10,115)
(11,312)
(21,710)
(22,120)
Content acquisitions
(110)
(4,081)
(301)
(4,978)
Cash received related to Giphy Retention Compensation
109
369
477
861
Legal contingency settlement
35,000
—
35,000
—
Merger related costs
2,970
5,686
10,150
15,036
Adjusted Free Cash Flow
$ 28,475
$ 17,498
$ 41,607
$ 40,882
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Content
$ 165,664
$ 199,796
$ 343,790
$ 402,684
Data, Distribution, and Services
$ 56,137
$ 67,194
$ 77,181
$ 106,926
Total revenue
$ 221,801
$ 266,990
$ 420,971
$ 509,610
Shutterstock, Inc.
Supplemental Financial Data
(unaudited)
Historical Operating Metrics
Three Months Ended
6/30/26
3/31/26
12/31/25
9/30/25
6/30/25
3/31/25
12/31/24
9/30/245
Subscribers (end of period, in thousands) (1)
951
993
1,032
1,060
1,073
1,079
459
470
Subscriber revenue (in millions) (2)
$ 99.8
$ 103.8
$ 104.7
$ 107.2
$ 108.0
$ 109.9
$ 75.7
$ 78.7
Average revenue per customer (last twelve months) (3)
$ 292
$ 284
$ 281
$ 279
$ 266
$ 244
$ 450
$ 446
Paid downloads (in millions) (4)
98.7
104.1
107.9
111.7
112.6
120.9
33.0
32.9
Subscribers, Subscriber Revenue and Average Revenue Per Customer from acquisitions are included in these metrics beginning twelve months after the closing of the respective business combination. Accordingly, the metrics include Subscribers, Subscriber revenue, and Average revenue per customer from Backgrid beginning February 2025. 2025 metrics include the counts and revenues from Envato, which was acquired in July 22, 2024.
(1) Subscribers is defined as those customers who purchase one or more of our monthly recurring products for a continuous period of at least three months, measured as of the end of the reporting period.
(2) Subscriber revenue is defined as the revenue generated from subscribers during the period.
(3) Average revenue per customer is calculated by dividing total revenue for the last twelve-month period by customers. Customers is defined as total active, paying customers that contributed to total revenue over the last twelve-month period.
(4) Paid downloads is the number of downloads that our customers make in a given period of our content. Paid downloads exclude content related to our Studios business, downloads of content that are offered to customers for no charge, including our free trials and metadata delivered through our data deal offering.
(5) Subscribers and Subscriber Revenue are presented as if Envato was acquired as of the beginning of the period presented. Average revenue per customer includes Envato historical results over the last twelve month period.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Shutterstock, Inc. ("Shutterstock" or the "Company") (NYSE: SSTK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Shutterstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 22, 2026, Shutterstock issued a press release announcing that its Board of Directors had "resolved to suspend the Company's future quarterly cash dividend." The press release stated that "[t]he Board's determination reflects its ongoing review of the Company's capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility."
On this news, Shutterstock's stock price fell $1.62 per share, or 21.95%, to close at $5.76 per share on July 23, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Unlimited Images and Unlimited Plus combine curated collections within Shutterstock's world-class content library with AI-powered creative capabilities
, /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced the global availability of its Unlimited downloads subscription. Previously only available in beta to select users, customers worldwide can now choose between two subscription plans: Unlimited Images, which includes a curated collection of more than 83 million premium images, and Unlimited Plus, which expands that collection to more than 100 million premium creative assets, including video, music and sound effects. Both plans combine curated Shutterstock content with AI-powered creative capabilities.
Shutterstock's Unlimited downloads subscription is now available globally, giving customers access to Unlimited Images and Unlimited Plus, which combine curated premium content collections with AI-powered creative capabilities. As marketers, designers and content creators increasingly blend licensed creative assets with generative AI in their everyday workflows, having an always-on source of high-quality creative content as a starting point helps teams move from concept to creation more efficiently. Unlimited gives customers the flexibility to move from inspiration to licensed content to AI-assisted creation without switching between multiple tools or managing monthly download limits. The result is a more seamless creative experience that makes it easier to explore ideas, iterate more freely and produce high-quality work while keeping human creativity at the center of the creative process.
"Today's creators need more than access to content. They need the flexibility to experiment, iterate and produce work at the speed modern marketing demands," said Paul Teall, Vice President, Marketplace Strategy at Shutterstock. "Unlimited brings together trusted premium creative content and AI-powered tools in a way that helps customers bring ideas to life faster while maintaining the quality, trust and creative control they expect from Shutterstock."
The Unlimited downloads subscription is designed for marketers, freelancers, designers, influencers and other professionals producing commercial content at scale for themselves, clients and employers. From social media campaigns and digital marketing to presentations, websites and client work, the Unlimited downloads subscription gives customers the flexibility to choose the subscription that best meets their creative asset needs.
Across both plans, subscribers receive:
Unlimited downloads from curated collections of Shutterstock's premium licensed content, subject to Shutterstock's Fair Usage Policy Monthly AI generation credits Access to leading AI models from OpenAI, Google, Runway and more Commercial licensing backed by Shutterstock's trusted content ecosystem By combining one of the world's largest and most diverse collections of commercially licensable creative content with access to leading AI models, Shutterstock is uniquely positioned to help customers start with trusted creative content and extend their creativity with AI-powered creation in a single subscription experience. The global availability of the Unlimited downloads subscription reflects the company's continued focus on delivering flexible creative solutions that help customers never start from scratch.
Unlimited Images and Unlimited Plus are available beginning today in markets worldwide. Learn more at shutterstock.com/unlimited.
Unlimited downloads are subject to Shutterstock's Fair Usage Policy and system rate limits. Customers requiring additional downloads may contact Shutterstock Support.
Shutterstock Data Licensing & AI Services
Shutterstock is an end-to-end AI model training partner that unifies data licensing, services, and long-term collaboration under a single provider—reducing operational complexity and helping teams bring higher-performing AI systems to market faster and with greater confidence. Shutterstock combines access to one of the world's largest rights-cleared multimodal datasets with advanced data curation and custom training datasets to power high-performing, deployment-ready generative models. This licensable training data includes high-quality labeled and continuously updated multimodal content with clear data provenance to support AI compliance. Shutterstock leverages ML-assisted evaluation tools to provide model training, fine-tuning, alignment, evaluation, and retraining. Through human-in-the-loop workflows, expert creative feedback, and structured preference data, Shutterstock delivers aesthetic preference signals, benchmarking, and regression testing to drive continuous model improvement.
Learn more and start the conversation at shutterstock.com/data-licensing.
About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Shutterstock, Inc. ("Shutterstock" or the "Company") (NYSE: SSTK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Shutterstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 13, 2026, Shutterstock issued a press release "announc[ing] that Paul Hennessy has stepped down as the Company's Chief Executive Officer and as a member of the Board of Directors, effective immediately."
On this news, Shutterstock's stock price fell $0.24 per share, or 2.83%, to close at $8.25 per share on July 13, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, July 22, 2026 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced that at a meeting held on July 20, 2026 its Board of Directors (the "Board") resolved to suspend the Company's future quarterly cash dividend. The Board's determination reflects its ongoing review of the Company's capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility.
NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Shutterstock, Inc. (“Shutterstock” or the “Company”) (NYSE: SSTK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Shutterstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 13, 2026, Shutterstock issued a press release “announc[ing] that Paul Hennessy has stepped down as the Company’s Chief Executive Officer and as a member of the Board of Directors, effective immediately.”
On this news, Shutterstock’s stock price fell $0.24 per share, or 2.83%, to close at $8.25 per share on July 13, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Shutterstock, Inc. ("Shutterstock" or the "Company") (NYSE: SSTK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Shutterstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 13, 2026, Shutterstock issued a press release "announc[ing] that Paul Hennessy has stepped down as the Company's Chief Executive Officer and as a member of the Board of Directors, effective immediately."
On this news, Shutterstock's stock price fell $0.24 per share, or 2.83%, to close at $8.25 per share on July 13, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Paul Hennessy to Step Down as Chief Executive Officer and Board Member; Rik Powell Appointed as Interim CEO
, /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced that Paul Hennessy has stepped down as the Company's Chief Executive Officer and as a member of the Board of Directors, effective immediately. The Board has appointed Rik Powell, the Company's Chief Financial Officer, to serve as Interim Chief Executive Officer, effective immediately. Powell has served as the Company's Chief Financial Officer since November 2024 and started with the Company in June 2024 as Senior Vice President, Finance and Investor Relations. He will continue to serve as the Company's CFO during this transition.
The Company is grateful for Paul Hennessy's contributions to Shutterstock over the last 4 years as CEO and for the 11 years he has been a member of the Board of Directors. As is true across the technology industry, leadership evolution is critical to innovation and growth. The Board has full confidence in the Shutterstock leadership team to champion the business through its next chapter and believes Rik Powell is well equipped to serve as Interim CEO/CFO while the Board commences a process to identify the Company's next permanent Chief Executive Officer.
To facilitate a seamless leadership transition, Hennessy will remain with the Company in a non-executive advisory capacity through August 7, 2026. The Board is also planning to engage a strategic advisor to assist the Company in formulating its go-forward strategy.
The Company's second quarter 2026 earnings results call is currently scheduled for Thursday, August 6, 2026 at 8:30am ET.
ABOUT SHUTTERSTOCK
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, will report its second quarter 2026 business and financial results on Thursday, August 6, before the market opens.
The company will host a conference call at 8:30 a.m. ET to discuss the results. The conference call is being webcast live and can be accessed by either visiting the Company's website at https://investor.shutterstock.com or clicking here for direct access. The webcast is listen-only.
A replay of the webcast will be available on the Company's website on the same day at approximately 10:30 a.m. ET.
ABOUT SHUTTERSTOCK
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
Shares of Shutterstock (SSTK 29.03%) plummeted to an all-time low on Wednesday. The stock was down by 29% at 2:45 p.m. ET, as Getty Images (GETY 10.46%) walked away from the Shutterstock merger it announced in January.
Today's Change
(
-29.03
%) $
-4.05
Current Price
$
9.90
The U.K. said, "Not so fast, mate" The deal didn't survive regulatory requirements.
The British Competition and Markets Authority asked the companies to exclude Shutterstock's editorial services from the merger. Including it would result in a "substantial lessening of competition" in the field of U.K. journalism, according to the regulatory body.
The Authority recently cleared this merger on the condition of spinning out Shutterstock's editorial business. That was a deal-breaker for Getty, whose Board of Directors unanimously canceled the merger. Getty will pay down $628 million of debt notes, which were intended to finance the Shutterstock deal.
Getty's stock also fell on the news, dipping as much as 10.5% around 11 a.m. ET. Together, the two image service stocks burned roughly $200 million of investor value today.
Image source: Getty Images. Ironic, I know.
Is there a silver lining here? So where does this leave investors? Two jilted image companies, both trading at bargain-bin valuations, both bleeding red ink on the bottom line, both in the microcap category since 2024.
The merger would have created cost synergies and combined two struggling competitors. Without it, each company faces the generative AI threat alone. Shutterstock has been building AI tools and licensing deals; Getty has pursued similar strategies. Whether either can stabilize on its own remains uncertain. Hitting the panic button due to a single British carve-out requirement looks like a bad idea.
The valuations look tempting on paper, with both stocks trading at price to free cash flow ratios below 6. But "cheap" and "good investment" aren't always the same picture. I'm not drooling over Shutterstock or Getty shares in today's dip.
Anders Bylund has no position in any of the stocks mentioned. The Motley Fool recommends Shutterstock. The Motley Fool has a disclosure policy.
Key Takeaways Shutterstock and Getty decided to abandon their $3.7 billion merger after hitting regulatory roadblocks. Getty said Tuesday that a U.K. regulator would have required it to sell Shutterstock's editorial division to get the deal approved, a step Getty's board was not willing to take. Get personalized, AI-powered answers built on 27+ years of trusted expertise.
Getty Images and Shutterstock are calling off their $3.7 billion merger after hitting regulatory roadblocks. Investors aren't cheering the news.
In a Tuesday regulatory filing, Getty (GETY) that the U.K.'s Competition and Markets Authority determined the new Getty would be required to sell off Shutterstock's (SSTK) editorial business to get the deal approved. Getty said its board decided not to sell the division and will abandon its merger plans.1
Shutterstock shares plummeted 32% in premarket trading to $9.40 following the news, which would be their lowest level since their 2012 debut. Getty shares were down about 4% to 83 cents.
Why This Matters to Investors Wednesday's tumble suggests investors are disappointed by the move and less confident in the companies individually than they were about the combined firm.
The companies first announced the deal in January 2025, calling the transaction a merger of equals that would see Shutterstock shareholders get the option to receive cash, shares of the new Getty, or a combination of the two. At the time, the companies said the deal would allow the combined company to invest more in new offerings like 3D imagery and generative AI tools. The U.S. Department of Justice cleared the deal to proceed back in February.2
Since the day the deal was announced, both Getty and Shutterstock shares have lost nearly 70% of their value amid worries that the spread of AI image creation tools could reduce demand for stock photos in the long term. Getty also said Tuesday it will retain a financial advisor to advise the company on "strategic financing alternatives" the company could pursue since the deal has been dropped.
Getty declined to comment on the board's decision, and Shutterstock did not respond to a request for comment in time for publication.
Shutterstock SSTK shares plunged more than 30% in premarket trading on Wednesday after Getty Images abandoned its planned $3.7 billion merger with the company, ending a deal that was expected to create one of the world's largest licensed visual content providers.
Getty Images shares were also lower, falling more than 5% in premarket trading following the announcement.
The companies said the merger was terminated after Britain's Competition and Markets Authority (CMA) required Shutterstock to divest its editorial business as a condition for approving the transaction.
Getty and Shutterstock first announced the all-stock merger in January last year, positioning the combination as a way to strengthen their businesses amid rapid changes brought about by generative artificial intelligence.
The CMA granted conditional approval in May but required Shutterstock to sell its editorial division after concluding that the combined company would reduce competition in supplying editorial images to UK media organizations.
The regulator said Shutterstock was one of the few meaningful competitors to Getty in the editorial content market and warned that the merger could reduce customer choice and ultimately lead to higher prices.
Getty said in a regulatory filing on Tuesday that it would officially terminate the merger after the extended July 6 deadline.
The company also said it plans to redeem its 10.5% senior secured notes due in 2030 and retain a financial adviser to evaluate strategic financing alternatives.
Getty, which competes with Reuters and The Associated Press in supplying editorial photographs and videos, said its board would also explore broader financing options.
The merger had been pitched as a way to generate annual operating and capital expense savings of between $150 million and $200 million while strengthening the companies' ability to compete with technology firms developing AI-powered image generation tools.
The combined company was expected to have greater scale to respond to rapid changes in the visual content industry as artificial intelligence increasingly transforms how images are created.
However, analysts questioned whether the merger would have been enough to offset the structural challenges facing the sector.
"We are not convinced that scale would have done more than stave off competitive pressures for a little while longer, but without the scale that the merger would bring, the outlook for each looks even more difficult," said Luke Stillman, managing director at trend advisory firm Madison and Wall.
Both companies have faced growing competition from AI image generators that allow users to create visual content more cheaply and quickly than purchasing licensed images.
The failed merger comes at a difficult time for Shutterstock.
In April, the company missed Wall Street's first-quarter revenue expectations after sales fell 17.9% year over year to $199.2 million, reflecting weaker new customer acquisition.
Investor sentiment had improved earlier this month after Getty announced a display agreement with OpenAI, allowing Getty Images' content to be displayed within ChatGPT to enhance visual responses.
The partnership lifted Shutterstock shares by around 20% on expectations that closer ties between Getty and OpenAI could ultimately benefit the planned merger.
Shutterstock shares tumble after Getty Images abandons its $3.7 billion merger following UK antitrust demands to divest Shutterstock's editorial business.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
As of mid June, the Russell 2000 is running laps around all of the other major U.S. indices, and the outperformance is not even close. Starting the week of June 15th, the Russell 2000 is up by almost 18%, which is nearly double the Nasdaq’s 10.1% year-to-date gain; the S&P 500 is up 8%, and the venerable Dow Jones Industrial Average is up 6.4%. The Russell 2000 is explicitly constructed as the benchmark for the U.S. small-cap segment. It consists of the smallest 2,000 companies (by market capitalization) in the broader Russell 3000 Index, which covers roughly 98% of the investable U.S. equity market.
Investors have rotated toward smaller companies as optimism builds around a resilient economy. While the prospect of lower interest rates may have to wait until next year, as inflation has returned due to rising energy prices and supply chain issues, growing unease about how concentrated the market is in a handful of giant tech stocks has led to a change of direction, and the shift has paid off; small-caps have punched above their weight for stretches this year, at times stringing together consecutive sessions of outperforming the S&P 500 and touching record highs, even as large-cap indexes whipsawed on the back of turbulence in the tech sector.
We screened the Russell 2000 index, looking for the highest-yielding stocks. Still, we purposely avoided REITs, MLPs, BDCs, and royalty trusts, which often carry even higher yields, as many of those investments require a K-1, which can prove troublesome come tax time.
Haverty Furniture Companies With a strong footprint in fast-growing parts of the country and a reliable 5.42% dividend, this is a solid idea for conservative investors to consider. Haverty Furniture Companies (NYSE: HVT) is a specialty retailer of residential furniture and accessories. The Company operates approximately 129 stores in 17 states in the Southern and Midwest regions of the United States.
The Company purchases its merchandise from numerous domestic and foreign manufacturers and importers. It carries a variety of mattress product lines, including:
Tempur-Pedic Serta Stearns & Foster Beautyrest Sealy Its distribution and delivery system uses a combination of three distribution centers (DCs) and four home delivery centers (HDCs). It uses third-party providers to handle over-the-road delivery of products from DCs to HDCs and market areas.
Kearny Financial This East Coast bank pays a solid 5.08% dividend and looks ready to break out to new 2026 highs. Kearny Financial (NASDAQ: KRNY) is a holding company for Kearny Bank, a New Jersey-chartered savings bank that is principally engaged in attracting deposits from the general public and using these deposits, together with other funds, to originate or purchase loans for its portfolio and for sale in the secondary market.
Its loan portfolio comprises multi-family mortgage loans, non-residential mortgage loans, commercial business loans, construction loans, one-to-four-family residential mortgage loans, home equity loans, and other consumer loans.
The Company also maintains a portfolio of investment securities, primarily comprising United States agency mortgage-backed securities, obligations of state and political subdivisions, corporate bonds, asset-backed securities, and collateralized loan obligations.
The Bank has 43 retail branch offices located throughout northern and central New Jersey, as well as in Brooklyn and Staten Island, New York.
Shutterstock This is a company many rely on for images for publications and other media, which pays a huge 9.33% dividend. Shutterstock (NYSE: SSTK) is a global creative platform that connects brands and businesses with high-quality content. Its platform brings together users and content contributors by providing readily searchable content that customers can license and by compensating contributors for their content as it is licensed.
Contributors upload their content to the Company’s Web properties in exchange for royalty payments based on customer download activity. It offers licenses to metadata associated with the Company’s images, footage, music tracks, and 3D models through the Company’s data, distribution, and advertising services from the Company’s Giphy business, which consists of graphics interchange format (GIF) visuals.
Shutterstock also offers specialized solutions for content matched with production tools and services through Shutterstock Studios. Its content offering includes images consisting of photographs, vectors, and illustrations, and footage consisting of video clips and cinema-grade video effects.
Oxford Industries With a rich 7.71% dividend and a host of well-known brands in their portfolio, this is an incredible buy now. Oxford Industries (NYSE: OXM) owns and markets these lifestyle brands:
Tommy Bahama, Lilly Pulitzer, Johnny Was, Southern Tide, The Beaufort Bonnet Company, Duck Head, and Jack Rogers. It distributes its products through its direct-to-consumer channels, consisting of its brand-specific full-price retail stores, e-commerce Websites and outlet stores, and its wholesale distribution channel, which includes sales to various specialty stores, signature stores, department stores, multi-branded e-commerce Websites and other retailers.
Additionally, it operates Tommy Bahama food and beverage locations, including Marlin Bars and full-service restaurants, generally adjacent to a Tommy Bahama full-price retail store. Tommy Bahama designs, sources, markets, and distributes men’s and women’s sportswear and related products. Lilly Pulitzer designs, sources, markets, and distributes upscale collections of women’s and girls’ dresses, sportswear, and related products.
Universal Corporation This somewhat off-the-radar company is another one of the world’s leading tobacco merchants, and operates as a global tobacco leaf supplier rather than a cigarette manufacturer. Universal has reported strong demand, has been in business for almost 150 years, pays a 6.16% dividend, and is a Dividend King. The Dividend Kings are companies that have raised their dividends for 50 years or more. Universal (NYSE: UVV) processes and supplies leaf tobacco and plant-based ingredients worldwide.
The company operates through two segments:
Tobacco Operations Ingredients Operations It procures, finances, processes, packs, stores, and ships leaf tobacco for sale to manufacturers of consumer tobacco products.
The company:
Contracts, purchases, processes, and sells flue-cured, burley, and oriental tobaccos that are primarily used in the manufacture of cigarettes Dark air-cured tobaccos manufacture naturally wrapped cigars, cigarillos, and smokeless and pipe tobacco products Universal Corporation also provides value-added services, including:
Blending, chemical, and physical tobacco testing Service cutting for various manufacturers Manufacturing reconstituted leaf tobacco Just-in-time inventory management services Electronic nicotine delivery systems Customer smoke testing services
Callodine Capital Management LP increased its stake in shares of Shutterstock, Inc. (NYSE: SSTK) by 86.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 768,705 shares of the business services provider's stock after buying an additional 355,478 shares during
, /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced that it is accelerating the future of generative AI with a major expansion of its training datasets. This expansion provides developers, researchers, and enterprise partners with unprecedented access to multimodal data high-quality licensed content for the full model training lifecycle, marking the next phase in Shutterstock's rapidly growing data licensing business.
Shutterstock's expanded data catalog now features templates, fonts, long-form video, premium metadata, and specialized podcast and science imagery to power the next generation of generative models. A Strategic AI Data Licensing Partner to Global Technology Leaders
"Generative AI models are not static; they must be continuously trained and refined to remain relevant, competitive, and accurate," said Daniel Mandell, Senior Vice President of Data Licensing and AI at Shutterstock. "While compute power often dominates headlines, it is high-quality, diverse, and rights-cleared data that fuels a model's ability to evolve and perform in a rapidly changing world. A continuous flow of fresh data has become as essential to AI infrastructure and ongoing retraining pipelines as compute power itself."
Already recognized for its extensive library of images, video, audio, and 3D content, Shutterstock has become a strategic AI partner and critical enabler of enterprise AI innovation, powering systems built by some of the world's largest technology companies, including OpenAI. Shutterstock also supports global brands and startups like Black Forest Labs and Runway, as well as AI research and product companies, like ElevenLabs, that rely on high-quality data to power discovery, personalization, and content experiences at scale.
Expanded Dataset Categories and Content Types for AI Model Training
Its expanded data catalog now features a growing range of assets—from templates and fonts to long-form video, premium metadata, and specialized podcast and science imagery—giving developers even greater depth and diversity of training material to power the next generation of generative models. New categories and content types are continuously being added to meet the evolving needs of model builders worldwide.
Addressing Global Demand for Transparent, Rights-Cleared AI Training Data
This expansion reflects the accelerating demand for high-quality training data as generative AI development reaches critical mass globally. By broadening access to rights-cleared, high-quality content across new formats and categories, Shutterstock is meeting the growing need while upholding the standards of transparency and data integrity and compliance that define its approach to AI. As developers seek richer, more diverse training materials to refine and evolve their models, Shutterstock continues to bridge the worlds of creativity and technology, empowering developers and enterprises to build smarter, more capable AI systems.
"The demand for high-quality, diverse data has never been greater," added Mandell. "As generative AI evolves, the performance and reliability of every model depend on the integrity of the data behind it. This expansion strengthens Shutterstock's position as the most trusted source of multimodal data, rights-cleared content, and long-term AI lifecycle partnership for AI development and ensures our partners have the breadth, depth, and quality they need to push the boundaries of innovation."
Full AI Lifecycle Enablement
Shutterstock's platform, powered by its scale, curation expertise, and global contributor network, is uniquely positioned to meet growing demand. The company continues to invest in data structuring, labeling, rights management, training orchestration, and MLOps deployment and monitoring to ensure its content is both rights-cleared and technically optimized for AI development.
To support the full spectrum of AI innovation, Shutterstock offers both research and commercial data licensing options. Researchers and startups can begin with a research license to explore, experiment, and validate models before transitioning to a commercial license for scaled deployment. With this expansion, innovators gain access to even more high-quality content to power discovery, iteration, and real-world application.
This announcement follows Shutterstock's recent launch of its AI Services offering, which deepened the company's role in end-to-end model training and evaluation for global partners. Together, these initiatives reflect Shutterstock's end-to-end approach to enabling generative AI development, from foundational data access to full-scale solutions that accelerate innovation.
Shutterstock Data Licensing & AI Services
Shutterstock is an end-to-end AI model training partner that unifies data licensing, services, and long-term collaboration under a single provider—reducing operational complexity and helping teams bring higher-performing AI systems to market faster and with greater confidence. Shutterstock combines access to one of the world's largest rights-cleared multimodal datasets with advanced data curation and custom training datasets to power high-performing, deployment-ready generative models. This licensable training data includes high-quality labeled and continuously updated multimodal content with clear data provenance to support AI compliance. Shutterstock leverages ML-assisted evaluation tools to provide model training, fine-tuning, alignment, evaluation, and retraining. Through human-in-the-loop workflows, expert creative feedback, and structured preference data, Shutterstock delivers aesthetic preference signals, benchmarking, and regression testing to drive continuous model improvement.
Learn more and start the conversation at shutterstock.com/data-licensing.
About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
, /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced the launch of its Shutterstock app in ChatGPT, enabling users to discover images, videos, music, and sound effects from one of the world's largest content collections directly in ChatGPT.
Embedding Licensable Visual & Audio Content into AI-Native Workflows
Shutterstock now enables users to discover images, videos, music, and sound effects from one of the world’s largest content collections directly in ChatGPT. As AI platforms increasingly become a medium for creative ideation, Shutterstock is embedding high-quality, licensable content directly into AI-native workflows—positioning itself as the licensed content layer that fuels AI-driven creativity. Users can now leverage AI's powerful reasoning and conversational capabilities to find what they need faster by connecting the Shutterstock app in ChatGPT and accessing assets available for licensing on Shutterstock.com, without interrupting their creative process.
Meeting Users Where AI Discovery Begins
OpenAI's growing user base generates more than one billion queries per day, underscoring the scale of AI-native discovery and the opportunity to embed licensable content directly within those workflows. Creators, innovators, marketers, and businesses are increasingly beginning their workflows within conversational AI tools. Shutterstock's app ensures that when users discover content needs in ChatGPT, commercial-ready assets are immediately accessible through a trusted, rights-cleared source. For example, a marketer drafting a campaign brief in ChatGPT can surface licensable hero imagery in the same conversation, preview options, and move directly from prompt to production without breaking workflow.
"Our customers trust Shutterstock as a leading source of high-quality, licensable content, powered by sophisticated AI technology," said Paul Teall, Vice President, Marketplace Strategy at Shutterstock. "This launch brings commercial confidence directly in ChatGPT, enabling teams to move from discovery to content production."
The launch reflects the growing importance of AI-native workflows, and Shutterstock's role as an early leader in providing licensable creative content within those Environments.
Commercial Confidence In ChatGPT
Unlike general search links that redirect users through traditional web experiences, the Shutterstock app in ChatGPT creates a gateway for AI-driven discovery, allowing content to be surfaced, previewed, and moved toward commercial production within AI and agentic workflows. By launching an app in ChatGPT, Shutterstock reduces creative and discovery friction and strengthens its position as the licensable content layer across emerging AI ecosystems.
Shutterstock is the Creative Infrastructure Layer for AI-Driven Workflows
This launch reinforces Shutterstock's strategy to embed AI across the creative experience, from discovery and licensed content, to AI-powered editing and generation. Rather than positioning AI as a separate destination, Shutterstock is integrating it directly into core workflows, ensuring licensable content can be discovered, adapted, and activated within AI-native environments. Together with its broader investments in model training, generative tools, AI editing, and data licensing, this integration reinforces Shutterstock's role as the infrastructure layer for AI-driven creativity.
Shutterstock Data Licensing & AI Services
Shutterstock is an end-to-end AI model training partner that unifies data licensing, services, and long-term collaboration under a single provider—reducing operational complexity and helping teams bring higher-performing AI systems to market faster and with greater confidence. Shutterstock combines access to one of the world's largest rights-cleared multimodal datasets with advanced data curation and custom training datasets to power high-performing, deployment-ready generative models. This licensable training data includes high-quality labeled and continuously updated multimodal content with clear data provenance to support AI compliance. Shutterstock leverages ML-assisted evaluation tools to provide model training, fine-tuning, alignment, evaluation, and retraining. Through human-in-the-loop workflows, expert creative feedback, and structured preference data, Shutterstock delivers aesthetic preference signals, benchmarking, and regression testing to drive continuous model improvement.
Learn more and start the conversation at shutterstock.com/data-licensing.
About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
The S&P 600 Small Cap index offers exposure to quality small-cap stocks with earnings requirements, providing growth potential and less analyst coverage. Eight S&P 600 small-cap dividend stocks meet the 'IDEAL' criteria: dividends from $1K invested exceed share price and free cash flow supports payouts. Top ten S&P 600 small-cap dividend dogs are projected to deliver an average 64.97% net gain by April 2027, with above-market volatility.
An integrated creative system where premium content and AI converge to deliver high-quality, licensable outputs
, /PRNewswire/ -- Today, Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions, announced the launch of its AI Video Generator, which brings together leading text- and image-to-video models in one unified solution. By combining powerful video generation models with one of the world's largest content collections, Shutterstock empowers teams of all sizes to produce commercial-ready video—defined by high-quality standards and clear licensing. Designed for use at every stage of the creative process, from early exploration to go-to-market execution, Shutterstock's AI Video Generator enables customers to test concepts, ideate on different directions, and generate video assets that drive impact.
Shutterstock’s AI Video Generator empowers customers to create commercial-ready videos with high-quality output and clear licensing. One Solution for Commercial-Ready GenAI
"Our customers trust Shutterstock's AI image tools to deliver usable results, and with this launch, we're extending that trust to video with a new tool designed to deliver impact for all our customers," said Paul Teall, Vice President of Marketplace Strategy at Shutterstock. "With two free generations included, customers can quickly experience the power of AI video generation in a solution built for commercial use."
Access to Leading Models, Seamlessly Integrated
Featuring access to leading models from Google, Runway, and more, Shutterstock's AI Video Generator unifies content, models, and licensing within a single platform, reducing fragmentation and empowering teams to ideate, produce, and deploy video content more efficiently across channels. Customers can start from a simple text prompt, animate a static image, evolve existing brand assets, or build on Shutterstock's library of millions of creative assets, eliminating the need to start from scratch. This variety allows for rapid creation and testing, and with multiple licensing options, customers can confidently scale their video output.
Advancing a Unified, AI-Powered Ecosystem
This latest offering is part of Shutterstock's growing evolution as a key partner for AI solutions and services across the full spectrum of AI innovation. Together with its broader investments in model training and evaluation, data licensing, and generative tools, the AI Video Generator represents the next step in translating this infrastructure and expertise into practical, enterprise-grade creative solutions.
To try Shutterstock's new AI Video Generator visit shutterstock.com/ai-video-generator.
Shutterstock Data Licensing & AI Services
Shutterstock is an end-to-end AI model training partner that unifies data licensing, services, and long-term collaboration under a single provider—reducing operational complexity and helping teams bring higher-performing AI systems to market faster and with greater confidence. Shutterstock combines access to one of the world's largest rights-cleared multimodal datasets with advanced data curation and custom training datasets to power high-performing, deployment-ready generative models. This licensable training data includes high-quality labeled and continuously updated multimodal content with clear data provenance to support AI compliance. Shutterstock leverages ML-assisted evaluation tools to provide model training, fine-tuning, alignment, evaluation, and retraining. Through human-in-the-loop workflows, expert creative feedback, and structured preference data, Shutterstock delivers aesthetic preference signals, benchmarking, and regression testing to drive continuous model improvement.
Learn more and start the conversation at shutterstock.com/data-licensing.
About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
, /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced financial results for the first quarter ended March 31, 2026.
Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "During the first quarter, we maintained a strong focus on operational discipline and cost management, delivering $43 million in Adjusted EBITDA in the face of ongoing industry headwinds. While first quarter revenue was impacted by a slower start in our Content business than expected and the timing of revenue recognition associated with data licensing deals, we continue to invest in areas that will drive long-term growth and remain committed to simplifying our product offerings to better meet our customers' needs."
He continued, "We remain highly confident in the long-term trajectory of our Data Licensing and AI Services division. With a robust pipeline of major opportunities currently in progress, we are making the necessary investments today to expand our commercial execution and position Shutterstock as the premier, go-to provider for end-to-end AI model training data and adjacent services."
With regards to the pending merger with Getty Images, Mr. Hennessy said, "Like Getty Images, we disagree with the CMA's most recent assessment and do not believe the merger would substantially lessen competition in Editorial content in the UK. We remain confident in the merits of the merger and will continue working closely with Getty Images and the CMA toward closing."
MERGER AGREEMENT UPDATE WITH GETTY IMAGES
The Company has been working diligently towards regulator Merger approval.
On February 23, 2026, the Company announced the DOJ had concluded its review of the Merger and the applicable waiting period under the Hart-Scott-Rodino Antitrust ("HSR") Act had expired, without conditions. As a result, the Merger condition under the HSR Act has been satisfied. On February 19, 2026, the Company announced that the U.K. Competition and Markets Authority ("CMA") issued its Interim Report and provisionally concluded the Merger is not expected to result in competition issues in the global stock content market, but that the Merger may result in a "substantial lessening of competition" ("SLC") in the U.K. editorial market; and On April 16, 2026, the CMA published the summary of its Interim Report on Remedies ("IRR"), following its interim report of February 19, 2026 which provisionally found that the Merger could be expected to lead to an SLC in the supply of editorial content in the U.K. The IRR states that the remedy proposal offered by Getty Images was unlikely to address the provisional SLC it had identified but that a sale of Shutterstock's Rex Features, Backgrid and Splash News businesses would likely be acceptable. The CMA is now further consulting on that proposition including its view that Rex Features Backgrid and Splash News could be sold to different buyers. The statutory deadline for the CMA to publish its final report is June 14, 2026. The Company remains committed to the proposed Merger and will continue to engage with the CMA, including on its provisional SLC finding, and work with Getty Images to expeditiously secure the necessary clearances on its Editorial business.
In 2025, global Editorial revenue was $32.7 million, of which $11.7 million related to our Rex Features related content and Shutterstock brands and $21.0 million was from our Backgrid and Splash branded content. In addition, our 2025 Editorial revenue for customers in the U.K. was $10.6 million, of which $5.4 million related to our Rex Features and Shutterstock brands and $5.2 million was from our Backgrid and Splash branded content.
First Quarter 2026 highlights as compared to First Quarter 2025:
Financial Highlights
Revenues were $199.2 million compared to $242.6 million. Net loss was $47.6 million compared to net income of $18.7 million. Net loss per diluted common share was $1.34 compared to net income per diluted common share of $0.53. Adjusted net income was $20.7 million compared to $36.3 million. Adjusted net income per diluted common share was $0.58 compared to $1.03. Adjusted EBITDA was $42.7 million compared to $63.4 million. FIRST QUARTER RESULTS
Revenue
First quarter revenue of $199.2 million decreased by $43.5 million or 18% as compared to the first quarter of 2025.
Revenue from our Content product offering decreased by $24.8 million, or 12%, as compared to the first quarter of 2025, to $178.1 million. The reduction in our Content revenue was driven primarily by weakness in new customer acquisition. Content revenue represented 89% of our total revenue in the first quarter of 2026.
Revenue generated from our Data, Distribution, and Services product offering decreased by $18.7 million, or 47%, as compared to the first quarter of 2025, to $21.0 million, and represented 11% of first quarter revenue in 2026. Revenue recognition in our data offering may vary from quarter-to-quarter based on the delivery timing of metadata licenses.
Net income and net income per diluted common share
Net income decreased by $66.3 million to a net loss of $47.6 million in the first quarter of 2026, compared to net income of $18.7 million for the first quarter of 2025. Net loss per diluted common share was $1.34, as compared to net income per diluted common share of $0.53 for the same period in 2025. These increased losses were attributable to the decline in revenue with operating costs not declining at a similar rate, $15.3 million of unrealized losses related to our investment in Meitu, Inc, $28.0 million of legal contingency expenses and $6.1 million of workforce optimizations expenses.
Adjusted net income and adjusted net income per diluted common share
Adjusted net income of $20.7 million in the first quarter of 2026 decreased by $15.6 million, compared to adjusted net income of $36.3 million for the first quarter of 2025, primarily due to the decline in revenue.
Adjusted net income per diluted common share was $0.58 as compared to $1.03 for the first quarter of 2025.
Adjusted EBITDA
Adjusted EBITDA of $42.7 million for the first quarter of 2026 decreased by $20.7 million, or 33%, as compared to the first quarter of 2025, primarily due to the decline in revenue.
Net loss margin of 23.9% for the first quarter of 2026 decreased by 31.6%, as compared to net income margin of 7.7% in the first quarter of 2025. The adjusted EBITDA margin of 21.4% for the first quarter of 2026 decreased by 4.7%, as compared to 26.1% in the first quarter of 2025.
FIRST QUARTER LIQUIDITY
Our cash and cash equivalents decreased by $15.7 million to $162.5 million at March 31, 2026, as compared with $178.2 million as of December 31, 2025. This decrease was driven by $17.4 million of net cash provided by our operating activities, partially offset by $20.0 million of net cash used in financing activities and $11.1 million of net cash used in investing activities.
Net cash provided by our operating activities was driven by our operating income and changes in the timing of cash collections from our customers and payments pertaining to operating expenses, offset by payments of year-end bonuses and commissions. In addition, cash flows for the three months ended March 31, 2026 were unfavorably impacted by $7.2 million of expenses related to the Getty Images proposed merger.
Cash used in investing activities for the three months ended March 31, 2026 consisted of $11.8 million related to capital expenditures and content acquisition, partially offset by $0.4 million related to the receipt of the Giphy Retention Compensation, as reimbursed by the Giphy seller.
Cash used in financing activities for the three months ended March 31, 2026 consisted of $12.8 million related to the payment of the quarterly cash dividend, $6.4 million paid in settlement of tax withholding obligations related to employee stock-based compensation awards, and $0.8 million used for the repayment of our credit facility.
Adjusted free cash flow was $13.1 million for the first quarter of 2026, an decrease of $10.3 million from the first quarter of 2025.
QUARTERLY CASH DIVIDEND
During the three months ended March 31, 2026, the Company declared and paid a cash dividend of $0.36 per common share or $12.8 million.
On April 20, 2026, the Board of Directors declared a dividend of $0.36 per share of outstanding common stock, payable on June 18, 2026 to stockholders of record at the close of business on June 4, 2026.
KEY OPERATING METRICS
Three Months Ended March 31,
2026
2025
Subscribers (end of period)(1)
993,000
1,079,000
Subscriber revenue (in millions)(2)
$ 103.8
$ 109.9
Average revenue per customer (last twelve months)(3)
$ 284
$ 244
Paid downloads (in millions)(4)
104.1
120.9
Subscribers, Subscriber Revenue and Average Revenue Per Customer from acquisitions are included in these metrics beginning twelve months after the closing of the respective business combination. Accordingly, the metrics include Subscribers, Subscriber revenue, and Average revenue per customer from Backgrid beginning February 2025. 2025 metrics include the counts and revenues from Envato, which was acquired in July 22, 2024.
(1) Subscribers is defined as those customers who purchase one or more of our monthly recurring products for a continuous period of at least three months, measured as of the end of the reporting period.
(2) Subscriber revenue is defined as the revenue generated from subscribers during the period.
(3) Average revenue per customer is calculated by dividing total revenue for the last twelve-month period by customers. Customers is defined as total active, paying customers that contributed to total revenue over the last twelve-month period.
(4) Paid downloads is the number of downloads that our customers make in a given period of our content. Paid downloads exclude content related to our Studios business, downloads of content that are offered to customers for no charge, including our free trials and metadata delivered through our data deal offering.
NON-GAAP FINANCIAL MEASURES
To supplement Shutterstock's consolidated financial statements presented in accordance with the accounting principles generally accepted in the United States, or GAAP, Shutterstock's management considers certain financial measures that are not prepared in accordance with GAAP, collectively referred to as non-GAAP financial measures, including adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per diluted share, revenue growth (including by distribution channel) on a constant currency basis (expressed as a percentage), billings and adjusted free cash flow.
Shutterstock defines adjusted EBITDA as net income adjusted for depreciation and amortization, non-cash equity-based compensation, Giphy Retention Compensation Expense - non-recurring, foreign currency transaction gains and losses, severance costs associated with strategic workforce optimizations, impairment loss on long-term investment, impairment of lease assets, unrealized losses / gains on investments, legal contingencies, interest income and expense, income taxes and Merger related costs; adjusted EBITDA margin as the ratio of adjusted EBITDA to revenue; adjusted net income as net income adjusted for the impact of non-cash equity-based compensation, amortization of acquisition-related intangible assets, Giphy Retention Compensation Expense - non-recurring, severance costs associated with strategic workforce optimizations (reported in Other), unrealized losses / gains on investments (reported in Other), impairment loss on long-term investment, impairment of lease assets, legal contingencies Merger related costs and the estimated tax impact of such adjustments; adjusted net income per diluted common share as adjusted net income divided by weighted average diluted shares; revenue growth (including by product offering) on a constant currency basis (expressed as a percentage) as the increase in current period revenues over prior period revenues, utilizing fixed exchange rates for translating foreign currency revenues for all periods in the comparison; billings as revenue adjusted for the change in deferred revenue, excluding deferred revenue acquired through business combinations; and adjusted free cash flow as net cash provided by operating activities, adjusted for capital expenditures, content acquisition, cash received related to Giphy Retention Compensation in connection with the acquisition of Giphy, and cash paid for costs related to the Getty Images merger.
The expense associated with the Giphy Retention Compensation related to (i) the one-time employment inducement bonuses and (ii) the vesting of the cash value of unvested Meta equity awards held by the employees prior to closing, which are reflected in operating expenses (together, the "Giphy Retention Compensation Expense - non-recurring"), are required payments in accordance with the terms of the acquisition. Meta's sale of Giphy was directed by the United Kingdom Competition and Markets Authority (the "CMA") and accordingly, the terms of the acquisition were subject to CMA preapproval. Management considers the operating expense associated with these required payments to be unusual and non-recurring in nature. The Giphy Retention Compensation Expense - non-recurring is not considered an ongoing expense necessary to operate the Company's business. Therefore, such expenses have been included in the below adjustments for calculating adjusted EBITDA, adjusted EBITDA margin, adjusted net income and adjusted net income per diluted common share. For the three months ended March 31, 2026, the Company also incurred $3.3 million of Giphy Retention Compensation expense related to recurring employee costs, which is included in operating expenses, and are not included in the below adjustments for calculating adjusted EBITDA, adjusted EBITDA margin, adjusted net income and adjusted net income per diluted common share.
These figures have not been calculated in accordance with GAAP and should be considered only in addition to results prepared in accordance with GAAP and should not be considered as a substitute for, or superior to, GAAP results. Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
Shutterstock's management believes that adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per diluted common share, revenue growth (including by product offering) on a constant currency basis (expressed as a percentage), billings and adjusted free cash flow are useful to investors because these measures enable investors to analyze Shutterstock's operating results on the same basis as that used by management. Additionally, management believes that adjusted EBITDA, adjusted EBITDA margin, adjusted net income and adjusted net income per diluted common share provide useful information to investors about the performance of the Company's overall business because such measures eliminate the effects of unusual or other infrequent charges that are not directly attributable to Shutterstock's underlying operating performance; and revenue growth (including by product offering) on a constant currency basis (expressed as a percentage) provides useful information to investors by eliminating the effect of foreign currency fluctuations that are not directly attributable to Shutterstock's operating performance. Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting. Shutterstock's management believes that adjusted free cash flow is useful for investors because it provides them with an important perspective on the cash available for strategic measures, after making necessary capital investments in internal-use software and website development costs to support the Company's ongoing business operations and provides them with the same measures that management uses as the basis for making resource allocation decisions.
Shutterstock's management also uses the non-GAAP financial measures adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per diluted common share, revenue growth (including by product offering) on a constant currency basis (expressed as a percentage), billings and adjusted free cash flow, in conjunction with GAAP financial measures, as an integral part of managing the business and to, among other things: (i) monitor and evaluate the performance of Shutterstock's business operations, financial performance and overall liquidity; (ii) facilitate management's internal comparisons of the historical operating performance of its business operations; (iii) facilitate management's external comparisons of the results of its overall business to the historical operating performance of other companies that may have different capital structures and debt levels; (iv) review and assess the operating performance of Shutterstock's management team and, together with other operational objectives, as a measure in evaluating employee compensation; (v) analyze and evaluate financial and strategic planning decisions regarding future operating investments; and (vi) plan for and prepare future annual operating budgets and determine appropriate levels of operating investments.
Reconciliations of the differences between each of our non-GAAP financial measures (adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per diluted common share, revenue growth (including by product offering) on a constant currency basis (expressed as a percentage), billings, adjusted free cash flow), and each measure's most directly comparable financial measure calculated and presented in accordance with GAAP, are presented under the headings "Reconciliation of Non-GAAP Financial Information to GAAP" and "Supplemental Financial Data" immediately following the Consolidated Balance Sheets.
Previously Announced Merger Agreement with Getty Images
On January 7, 2025, Shutterstock announced that it entered into a merger agreement with Getty Images to combine in a merger of equals transaction, creating a premier visual content company. The transaction is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals. As previously announced, a majority of Shutterstock stockholders approved the adoption of the merger agreement at a special meeting of stockholders held on June 10, 2025.
As previously communicated, in light of the pending transaction with Getty Images, Shutterstock will not be hosting a conference call or providing financial guidance in conjunction with its first quarter 2026 results.
For additional information associated with the transaction, please see the Company's filings from time to time with the Securities and Exchange Commission.
ABOUT SHUTTERSTOCK
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock is home to the world's largest and most diverse collection of high-quality licensable assets, data and AI solutions, advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
FORWARD-LOOKING STATEMENTS
The statements in this press release, and any related oral statements, include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than historical facts, are forward-looking statements. Forward-looking statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, financings or otherwise, based on current beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. Forward-looking statements speak only as of the date they are made or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will be achieved or will occur or the timing thereof. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including "believes," "expects," "may," "will," "should," "could," "might," "seeks," "intends," "plans," "pro forma," "estimates," "anticipates," "designed," or the negative of these words and phrases, other variations of these words and phrases or comparable terminology, but not all forward-looking statements include such identifying words. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary. The forward-looking statements in this press release relate to, among other things, statements regarding industry prospects, future business, future results of operations or financial condition, future dividends, future stock performance, our ability to consummate acquisitions and integrate the businesses we have acquired or may acquire into our existing operations, new or planned features, products or services, management strategies, our ability to offer premier Data Licensing and AI Services, our competitive position, our ability to obtain applicable regulatory approvals on a timely basis or otherwise for the proposed transaction with Getty Images, our ability to satisfy the other closing conditions of the proposed transaction with Getty Images, on a timely basis or otherwise, and the expected timing and completion of the proposed transaction with Getty Images. Important factors that could cause actual results to differ materially from the forward-looking statements include, among other things: risks and uncertainties associated with our proposed transaction with Getty Images and those risks discussed under the section captioned "Risk Factors" in Shutterstock's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward looking statements. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Shutterstock does not assume, and hereby disclaims, any obligation to update forward-looking statements, except as may be required by law.
Shutterstock, Inc.
Consolidated Statements of Operations
(In thousands, except for per share data)
(unaudited)
Three Months Ended March 31,
2026
2025
Revenue
$ 199,170
$ 242,620
Operating expenses:
Cost of revenue
94,788
100,888
Sales and marketing
48,346
53,359
Product development
19,405
19,865
General and administrative
67,585
58,307
Total operating expenses
230,124
232,419
(Loss) / income from operations
(30,954)
10,201
Interest expense
(3,760)
(4,298)
Other (expense) / income, net
(14,661)
14,515
(Loss) / income before income taxes
(49,375)
20,418
(Benefit) / provision for income taxes
(1,806)
1,730
Net (loss) / income
$ (47,569)
$ 18,688
(Losses) / earnings per share:
Basic
$ (1.34)
$ 0.54
Diluted
$ (1.34)
$ 0.53
Weighted average common shares outstanding:
Basic
35,543
34,890
Diluted
35,543
35,322
Shutterstock, Inc.
Consolidated Balance Sheets
(In thousands, except par value amount)
(unaudited)
March 31, 2026
December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents
$ 162,518
$ 178,244
Accounts receivable, net of allowance of $3,547 and $3,431
103,362
112,626
Prepaid expenses and other current assets
55,366
47,769
Total current assets
321,246
338,639
Property and equipment, net
61,968
62,553
Right-of-use assets
9,003
9,770
Intangible assets, net
203,879
215,673
Goodwill
574,169
574,614
Deferred tax assets, net
68,185
61,289
Other assets
72,748
93,398
Total assets
$ 1,311,198
$ 1,355,936
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$ 13,532
$ 13,898
Accrued expenses
103,626
129,952
Contributor royalties payable
95,375
94,163
Deferred revenue
208,661
212,984
Debt
158,111
158,110
Other current liabilities
49,790
19,295
Total current liabilities
629,095
628,402
Deferred tax liability, net
617
1,134
Long-term debt
115,898
116,639
Lease liabilities
15,338
17,247
Other non-current liabilities
18,172
11,476
Total liabilities
779,120
774,898
Commitments and contingencies
Stockholders' equity:
Common stock, $0.01 par value; 200,000 shares authorized; 41,076 and 41,049 shares
issued and 35,555 and 35,528 shares outstanding as of March 31, 2026 and December 31,
2025, respectively
410
410
Treasury stock, at cost; 5,521 shares as of March 31, 2026 and December 31, 2025
(269,804)
(269,804)
Additional paid-in capital
533,004
520,018
Accumulated other comprehensive loss
(6,349)
(4,754)
Retained earnings
274,817
335,168
Total stockholders' equity
532,078
581,038
Total liabilities and stockholders' equity
$ 1,311,198
$ 1,355,936
Shutterstock, Inc.
Consolidated Statements of Cash Flows
(In thousands, except par value amount)
(unaudited)
Three Months Ended
March 31,
2026
2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) / income
$ (47,569)
$ 18,688
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
22,704
22,671
Deferred taxes
(7,342)
(7,772)
Non-cash equity-based compensation
13,372
17,884
Legal contingencies
28,000
—
Bad debt expense
105
593
Unrealized loss / (gain) on investments, net
15,305
(13,260)
Changes in operating assets and liabilities:
Accounts receivable
8,966
(16,618)
Prepaid expenses and other current and non-current assets
5,351
17,982
Accounts payable and other current and non-current liabilities
(19,414)
(17,264)
Contributor royalties payable
1,625
3,379
Deferred revenue
(3,733)
(1,036)
Net cash provided by operating activities
$ 17,370
$ 25,247
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures
(11,595)
(10,808)
Cash received related to Giphy Retention Compensation
368
492
Acquisition of content
(191)
(897)
Security deposit (release) / payment
272
(21)
Net cash used in investing activities
$ (11,146)
$ (11,234)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash paid related to settlement of employee taxes related to RSU vesting
(6,387)
(3,539)
Payment of cash dividends
(12,782)
(11,501)
Repayment of credit facility
(781)
(781)
Net cash used in financing activities
$ (19,950)
$ (15,821)
Effect of foreign exchange rate changes on cash
(2,000)
2,788
Net (decrease) / increase in cash and cash equivalents
(15,726)
980
Cash and cash equivalents, beginning of period
178,244
111,251
Cash and cash equivalents, end of period
$ 162,518
$ 112,231
Supplemental Disclosure of Cash Information:
Cash paid / (received) for income taxes
$ 744
$ (604)
Cash paid for interest
3,770
4,359
Shutterstock, Inc.
Reconciliation of Non-GAAP Financial Information to GAAP
(In thousands, except per share information)
(unaudited)
Adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per diluted share, revenue growth (including by distribution channel) on a constant currency basis (expressed as a percentage), billings and adjusted free cash flow are not financial measures prepared in accordance with United States generally accepted accounting principles (GAAP). Such non-GAAP financial measures should not be construed as alternatives to any other measures of performance determined in accordance with GAAP. Investors are cautioned that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
Three Months Ended March 31,
2026
2025
Net (loss) / income
$ (47,569)
$ 18,688
Add / (less) Non-GAAP adjustments:
Non-cash equity-based compensation
13,372
17,884
Tax effect of non-cash equity-based compensation (1)
(3,142)
(4,203)
Acquisition-related amortization expense (2)
9,599
9,697
Tax effect of acquisition-related amortization expense (1)
Tax effect of Giphy Retention Compensation Expense - non-recurring(1)
(153)
(133)
Merger related costs
2,855
11,861
Tax effect of Merger related costs(1)
(642)
(2,669)
Other(3)
21,385
(13,080)
Tax effect of other(1)
(1,368)
(41)
Adjusted net income
$ 20,730
$ 36,291
Net (loss) / income per diluted common share
$ (1.34)
$ 0.53
Adjusted net income per diluted common share
$ 0.58
$ 1.03
Weighted average diluted shares
35,543
35,322
(1) Statutory tax rates are used to calculate the tax effect of the adjustments.
(2) Of these amounts, $8.9 million and $9.0 million are included in cost of revenue for the three months ended March 31, 2026 and 2025, respectively. The remainder of acquisition-related amortization expense is included in general and administrative expense in the Statement of Operations.
(3) Other consists of unrealized gains and losses on investments and severance costs associated with strategic workforce optimizations.
Revenue (decline) / growth on a constant currency basis
(19) %
14 %
Content reported revenue (in thousands)
$ 178,126
$ 202,888
Content revenue (decline) / growth
(12) %
17 %
Content revenue (decline) / growth on a constant currency basis
(14) %
17 %
Data, Distribution, and Services reported revenue (in thousands)
$ 21,044
$ 39,732
Data, Distribution, and Services revenue growth / (decline)
(47) %
(2) %
Data, Distribution, and Services revenue growth / (decline) on a constant currency basis
(47) %
(2) %
Three Months Ended March 31,
2026
2025
Cash flow information:
Net cash provided by operating activities
$ 17,370
$ 25,247
Net cash used in investing activities
$ (11,146)
$ (11,234)
Net cash used in financing activities
$ (19,950)
$ (15,821)
Adjusted free cash flow:
Net cash provided by operating activities
$ 17,370
$ 25,247
Capital expenditures
(11,595)
(10,808)
Content acquisitions
(191)
(897)
Cash received related to Giphy Retention Compensation
368
492
Merger related costs
7,180
9,350
Adjusted Free Cash Flow
$ 13,132
$ 23,384
Three Months Ended March 31,
2026
2025
Content
$ 178,126
$ 202,888
Data, Distribution, and Services
$ 21,044
$ 39,732
Total revenue
$ 199,170
$ 242,620
Change in total deferred revenue
$ (4,323)
$ 753
Total billings
$ 194,847
$ 243,373
Shutterstock, Inc.
Supplemental Financial Data
(unaudited)
Historical Operating Metrics
Three Months Ended
3/31/26
12/31/25
9/30/25
6/30/25
3/31/25
12/31/245
9/30/245
6/30/24
Subscribers (end of period, in thousands) (1)
993
1,032
1,060
1,073
1,079
1,088
1,105
490
Subscriber revenue (in millions) (2)
$ 103.8
$ 104.7
$ 107.2
$ 108.0
$ 109.9
$ 107.7
$ 113.1
$ 80.3
Average revenue per customer (last twelve months) (3)
$ 284
$ 281
$ 279
$ 266
$ 244
$ 255
$ 254
$ 434
Paid downloads (in millions) (4)
104.1
107.9
111.7
112.6
120.9
125.8
112.3
33.4
Subscribers, Subscriber Revenue and Average Revenue Per Customer from acquisitions are included in these metrics beginning twelve months after the closing of the respective business combination. Accordingly, the metrics include Subscribers, Subscriber revenue, and Average revenue per customer from Backgrid beginning February 2025. 2025 metrics include the counts and revenues from Envato, which was acquired in July 22, 2024.
(1) Subscribers is defined as those customers who purchase one or more of our monthly recurring products for a continuous period of at least three months, measured as of the end of the reporting period.
(2) Subscriber revenue is defined as the revenue generated from subscribers during the period.
(3) Average revenue per customer is calculated by dividing total revenue for the last twelve-month period by customers. Customers is defined as total active, paying customers that contributed to total revenue over the last twelve-month period.
(4) Paid downloads is the number of downloads that our customers make in a given period of our content. Paid downloads exclude content related to our Studios business, downloads of content that are offered to customers for no charge, including our free trials and metadata delivered through our data deal offering.
(5) Subscribers and Subscriber Revenue are presented as if Envato was acquired as of the beginning of the period presented. Average revenue per customer includes Envato historical results over the last twelve month period.
Shutterstock (SSTK - Free Report) came out with quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.03 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -48.21%. A quarter ago, it was expected that this online marketplace for royalty-free images and videos would post earnings of $1.05 per share when it actually produced earnings of $0.67, delivering a surprise of -36.19%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Shutterstock, which belongs to the Zacks Internet - Content industry, posted revenues of $199.17 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 20.89%. This compares to year-ago revenues of $242.62 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Shutterstock shares have lost about 7.8% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for Shutterstock?While Shutterstock has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Shutterstock was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.07 on $252.56 million in revenues for the coming quarter and $4.02 on $1.01 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Content is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Angi (ANGI - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.
This provider of a digital marketplace for home services is expected to post quarterly loss of $0.41 per share in its upcoming report, which represents a year-over-year change of -236.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Angi's revenues are expected to be $241.35 million, down 1.9% from the year-ago quarter.
Shutterstock's first-ever partnership with a video-to-music platform licenses its music catalog for AI model training—a new benchmark for responsible AI music
, /PRNewswire/ -- Sonilo, the world's first professionally licensed video-to-music AI platform, today announced a strategic partnership with Shutterstock (NYSE: SSTK), one of the world's largest providers of licensed creative content.
Sonilo x Shutterstock Official Partnership Through this partnership, Sonilo has licensed Shutterstock's high-quality music catalog for AI model training—making this Shutterstock's first-ever partnership with a video-to-music AI platform. Sonilo is headquartered in San Francisco and backed by B Capital, a venture capital firm affiliated with the Boston Consulting Group focused on emerging technology startups expanding globally.
Redefining licensed AI music for video
The AI music industry is at a crossroads. By 2025, infringement cases filed against AI companies had surged by more than 130% year over year. The dominant response from AI music platforms has been to train on unlicensed content first and deal with the legal consequences later—producing AI-generated music that not only raises serious copyright concerns, but floods the internet with low-quality content that shortchanges creators and audiences alike.
Sonilo is built to address these problems. Powered by its proprietary Sonilo v1.0 model, Sonilo takes the video itself as input rather than relying on text prompts. It reads the footage, understands its pacing, structure and emotional arc, and composes an original soundtrack to match. No prompts, no library searches, and no manual syncing. Every soundtrack generated is original, production-ready, and cleared for commercial use—no additional licensing required, whether for social content, branded video, or broadcast use.
Most AI music platforms have treated licensing as an afterthought, training on copyrighted content without authorization and leaving artists without compensation. Sonilo was built differently. By securing professional licensing partnerships upfront, Sonilo ensures that every model it trains is built on content that artists have consented to and been compensated for. This partnership with Shutterstock is a direct expression of that commitment: the music industry doesn't have to choose between innovation and integrity.
"Music has always been the last unsolved layer of video creation, and video has always carried its own soundtrack," said Shawn Song, CEO, Sonilo. "We built Sonilo to hear it and compose from it, without a single text prompt. But how we build matters as much as what we build. While others have chosen to take artists' work without permission and charge creators for the privilege, we've chosen a different path—one where artists are compensated from day one. Partnering with Shutterstock reflects that standard. Every model we train meets a bar the music industry can stand behind, because the most innovative AI platforms don't have to come at the expense of the artists who make all of these possible."
"AI innovation depends on access to high-quality, rights-cleared content and trusted licensing partnerships," said Jessica April, Vice President, Data Licensing & AI Services, Shutterstock. "Sonilo's approach reflects the growing demand for responsibly sourced training data and commercially safe AI workflows. We're pleased to support companies building generative AI products with licensed content and scalable data solutions that help accelerate innovation while respecting creators and rights holders."
Scaling across platforms, built for every creator
This partnership is part of Sonilo's broader momentum. Earlier this month, the platform launched as a native node inside ComfyUI, the open-source AI workflow tool used by over four million creators. Sonilo is also available via API for integration into video tools, creator platforms, game engines, and AI systems, and offers Free, Pro, and Premium tiers. Further platform integrations are planned throughout the rest of this year.
About Sonilo
Sonilo is the world's first professionally licensed video-to-music AI platform, built for the creators defining the next era of content. Powered by its proprietary Sonilo v1.0 model, it composes original music directly from your footage—matching the pacing, emotion, and story of every frame — in seconds, without a single text prompt. Trusted by professional creators and integrated with leading platforms including ComfyUI and Shutterstock, Sonilo is built on one belief: every original video deserves an equally original soundtrack. Sonilo is headquartered in San Francisco and backed by B Capital.
Sonilo | LinkedIn | Instagram | TikTok |
About Shutterstock Data Licensing & AI Services
Shutterstock is an end-to-end AI model training partner that unifies data licensing, services, and long-term collaboration under a single provider—reducing operational complexity and helping teams bring higher-performing AI systems to market faster and with greater confidence. Shutterstock combines access to one of the world's largest rights-cleared multimodal datasets with advanced data curation and custom training datasets to power high-performing, deployment-ready generative models. This licensable training data includes high-quality labeled and continuously updated multimodal content with clear data provenance to support AI compliance. Shutterstock leverages ML-assisted evaluation tools to provide model training, fine-tuning, alignment, evaluation, and retraining. Through human-in-the-loop workflows, expert creative feedback, and structured preference data, Shutterstock delivers aesthetic preference signals, benchmarking, and regression testing to drive continuous model improvement.
Learn more and start the conversation at shutterstock.com/data-licensing.
About Shutterstock, Inc.
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
Photographers are seen at the 62nd Cannes Film Festival, May 18, 2009. REUTERS/Regis Duvignau/File Photo Purchase Licensing Rights, opens new tab
CompaniesMay 15 (Reuters) - Britain's competition regulator on Friday said it would clear Getty Images' (GETY.N), opens new tab proposed $3.7 billion merger with Shutterstock (SSTK.N), opens new tab if the latter sells its editorial arm to address concerns around news content supply in the country.
The decision follows an in-depth investigation launched in November by the UK's Competition and Markets Authority (CMA) after initial remedies offered by the U.S.-based companies had failed to address the watchdog's concerns.
Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.
Getty Images and Shutterstock did not immediately respond to requests for comment. The companies' stocks were up 3.8% and 1.1%, respectively, in U.S. premarket trading.
The CMA on Friday said the companies had since offered to divest Shutterstock's global editorial business, home to brands such as Backgrid and Splash, which they described as non-essential to their core operations.
The regulator's independent inquiry group found that the editorial business, if not sold, would reduce choice for UK media outlets and could ultimately raise prices for customers , saying Shutterstock is one of the "few meaningful" rivals to Getty.
Reporting by Ankita Bora and Tuhina in Bengaluru; Editing by Vijay Kishore
Our Standards: The Thomson Reuters Trust Principles., opens new tab
, /PRNewswire/ -- GIPHY, the world's leading platform for visual self-expression, today announced a multi-year extension of its long-standing integration partnership with Meta. Through this agreement, GIPHY's massive library will continue to power GIF and sticker experiences across Meta's entire suite of apps, including Facebook, Instagram, WhatsApp, and Messenger.
GIPHY’s massive library powers GIF and sticker experiences across Meta’s entire suite of apps, including Facebook, Instagram, WhatsApp, and Messenger. GIFs and stickers have become a core part of how people communicate. Across Meta platforms, GIFs and stickers are shared daily, underscoring the role of visual expression in everyday conversations. This partnership reinforces GIPHY's role in enabling dynamic communication at scale across the apps people use every day.
"People don't always want to type how they feel. They want to show it," said Kevin Hein, Chief Growth Officer at GIPHY. "GIPHY makes that possible across Meta's apps every day. This ongoing partnership ensures that experience stays seamless as communication continues to evolve."
GIPHY's library of GIFs, stickers, and short-form content is embedded directly into user experiences, enabling people to express emotion and intent without leaving the apps they're already using. The renewed partnership reflects a shared focus on making digital communication more visual, immediate, and intuitive.
GIPHY recently commissioned a consumer survey by Censuswide that shows users feel more comfortable expressing emotions through visuals than texts. With GIPHY's integration across Meta apps people can take their communication beyond what text and standard emojis can convey.
GIPHY is a wholly-owned subsidiary of Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work.
ABOUT GIPHY
Founded in 2013, GIPHY Inc. is the visual communication platform where thousands of creators, media, and brand partners make everyday expression a little more moving. GIPHY empowers you to discover and share the GIFs, Clips, and Stickers that make your conversations more positive, more expressive, and more you. In addition, GIPHY Ads enables brands to connect with their audiences through ads people share, not just see. Acquired by Shutterstock in 2023, GIPHY's platform has a daily user reach of 1+ billion to which it serves 10+ billion pieces of short-form content every day. For more information, visit GIPHY.com or follow us on Instagram, Twitter, Facebook, and TikTok @GIPHY.
ABOUT SHUTTERSTOCK, INC.
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
, /PRNewswire/ -- GIPHY, the world's leading platform for visual self-expression, today announced a multi-year extension of its long-standing integration partnership with Meta. Through this agreement, GIPHY's massive library will continue to power GIF and sticker experiences across Meta's entire suite of apps, including Facebook, Instagram, WhatsApp, and Messenger.
GIFs and stickers have become a core part of how people communicate. Across Meta platforms, GIFs and stickers are shared daily, underscoring the role of visual expression in everyday conversations. This partnership reinforces GIPHY's role in enabling dynamic communication at scale across the apps people use every day.
"People don't always want to type how they feel. They want to show it," said Kevin Hein, Chief Growth Officer at GIPHY. "GIPHY makes that possible across Meta's apps every day. This ongoing partnership ensures that experience stays seamless as communication continues to evolve."
GIPHY's library of GIFs, stickers, and short-form content is embedded directly into user experiences, enabling people to express emotion and intent without leaving the apps they're already using. The renewed partnership reflects a shared focus on making digital communication more visual, immediate, and intuitive.
GIPHY recently commissioned a consumer survey by Censuswide that shows users feel more comfortable expressing emotions through visuals than texts. With GIPHY's integration across Meta apps people can take their communication beyond what text and standard emojis can convey.
GIPHY is a wholly-owned subsidiary of Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work.
ABOUT GIPHY
Founded in 2013, GIPHY Inc. is the visual communication platform where thousands of creators, media, and brand partners make everyday expression a little more moving. GIPHY empowers you to discover and share the GIFs, Clips, and Stickers that make your conversations more positive, more expressive, and more you. In addition, GIPHY Ads enables brands to connect with their audiences through ads people share, not just see. Acquired by Shutterstock in 2023, GIPHY's platform has a daily user reach of 1+ billion to which it serves 10+ billion pieces of short-form content every day. For more information, visitGIPHY.com or follow us on Instagram, Twitter, Facebook, and TikTok @GIPHY.
ABOUT SHUTTERSTOCK, INC.
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
View original content to download multimedia:https://www.prnewswire.com/news-releases/giphy-extends-multi-year-integration-partnership-with-meta-302775405.html
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P SmallCap 600:
FedEx Freight Holding Company (NYSE: FDXF) will replace EPAM Systems Inc. (NYSE: EPAM) in the S&P 500, and EPAM Systems will replace Shutterstock Inc. (NYSE: SSTK) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, June 2. S&P 500 & 100 constituent FedEx Corp. (NYSE:FDX) is spinning off FedExFreight Holding in a transaction expected to be completed June 1. Post spin-off, the parent FedEx will remain in the S&P 500 and 100. EPAM Systems is more representative of the small-cap market space. Shutterstock is anticipated to be acquired in a deal that is expected to close soon. Dave Inc. (NASD: DAVE) will replace American Woodmark Corp. (NASD: AMWD) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, June 1. S&P SmallCap 600 constituent MasterBrand Inc. (NYSE: MBC) is acquiring American Woodmark in a deal expected to close May 29, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date
Index Name
Action
Company Name
Ticker
GICS Sector
June 1, 2026
S&P SmallCap 600
Addition
Dave
DAVE
Financials
June 1, 2026
S&P SmallCap 600
Deletion
American Woodmark
AMWD
Industrials
June 1, 2026
S&P 500
Addition
FedEx Freight
FDXF
Industrials
June 2, 2026
S&P 500
Deletion
EPAM Systems
EPAM
Information Technologies
June 2, 2026
S&P SmallCap 600
Addition
EPAM Systems
EPAM
Information Technologies
June 2, 2026
S&P SmallCap 600
Deletion
ShutterStock
SSTK
Communication Services
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.
, /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today unveiled the next evolution of its content library into a human-led, AI-powered creative platform. The advanced creative system combines premium human-made content, AI-powered creation tools, and intuitive workflows to help creatives move from idea to impact without starting from scratch.
Built for real people and real-world creative work, Shutterstock’s AI-powered creative platform combines premium human-made content with AI tools to help creators move from idea to impact without starting from scratch. As businesses and creators adopt AI, many are looking for ways to move faster without sacrificing authenticity, creative control, or commercial confidence. Shutterstock's platform is designed to address that challenge. Starting with Shutterstock's global library of authentic, licensable content created by real contributors around the world, users can discover, adapt, and refine content with embedded AI capabilities, while contributors continue to earn royalties when their content is edited with AI tools and licensed through the platform. With access to leading generative AI models, customers can transform existing content into commercially ready work, helping turn near-perfect assets into exactly what a project requires.
"In an AI-powered world, real-world customers are solving creative problems," said Paul Teall, Vice President, Marketplace Strategy at Shutterstock. "Our updated platform lets creatives get inspired by premium human-made content and then use integrated AI tools to adapt, refine, and personalize it for their needs. Instead of moving between separate tools and workflows, creators can work more seamlessly from inspiration to final output."
Premium human-made content blended with powerful, inline AI editing capabilities AI-powered image and video generation that helps transform existing assets and ideas into new creative possibilities Proprietary Model Match technology that automatically connects prompts with the AI model best suited to the creative task, taking the guesswork out of model selection Conversational AI search and discovery that helps users find the right content through natural language Deeper integrations with AI-native workflows, including a Shutterstock app available in ChatGPT Workflow features including content reference and first frame reference that help users build from existing assets, maintain visual consistency, and guide AI outputs, as well as prompt enhancement for richer queries Human support teams that provide creative guidance and workflow expertise Commercial-ready licensing and indemnification backed by human review for AI-generated content Shutterstock's platform is built around three core strengths and a simple philosophy: built for real people doing real-world creative work and elevated by AI.
Built for Real, Elevated by AI
The best AI-powered work starts with something real. Shutterstock's platform is built on authentic, premium content created by real contributors around the world, then elevated through AI-powered tools and workflows.
Intuitively Integrated
Search, generate, edit, and refine content within one seamless workflow designed to reduce friction and simplify modern creative production. Tools that understand nuance, intent, and creative context help users create the way they think at every stage of the creative process.
Commercial-Ready
High-quality, licensable assets and AI-assisted outputs built for real campaigns, real brands, and real-world deployment.
"Businesses do not need disconnected AI tools. They need creative systems that work together," said Teall. "By combining trusted content, leading AI models, and human expertise in one platform, Shutterstock helps customers create faster, scale confidently, and produce work that is ready for the real world."
As organizations increasingly integrate AI into creative and marketing workflows, Shutterstock is uniquely positioned to bridge the gap between human creativity and machine intelligence by combining trusted content, intuitive AI, and commercial confidence within one connected ecosystem.
Today's launch reflects Shutterstock's broader evolution into a full-spectrum AI company serving both creative professionals and enterprise AI builders. While Shutterstock's AI-powered creative platform helps marketers, brands, and creators produce commercially ready work faster, Shutterstock's Data Licensing & AI Services business powers the underlying AI ecosystem itself through high-quality training data, model evaluation, and human-in-the-loop expertise for leading technology companies and model developers.
Shutterstock Data Licensing & AI Services
Shutterstock is an end-to-end AI model training partner that unifies data licensing, services, and long-term collaboration under a single provider—reducing operational complexity and helping teams bring higher-performing AI systems to market faster and with greater confidence. Shutterstock combines access to one of the world's largest rights-cleared multimodal datasets with advanced data curation and custom training datasets to power high-performing, deployment-ready generative models. This licensable training data includes high-quality labeled and continuously updated multimodal content with clear data provenance to support AI compliance. Shutterstock leverages ML-assisted evaluation tools to provide model training, fine-tuning, alignment, evaluation, and retraining. Through human-in-the-loop workflows, expert creative feedback, and structured preference data, Shutterstock delivers aesthetic preference signals, benchmarking, and regression testing to drive continuous model improvement.
Learn more and start the conversation at shutterstock.com/data-licensing.
About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
