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Build-A-Bear Workshop, Inc. (BBW) Q1 2026 Earnings Call Transcript

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, /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.

SOURCE Shutterstock, Inc.

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, /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)

(2,256)

(2,279)

  Legal contingencies

28,000

—

  Giphy Retention Compensation Expense - non-recurring

649

566

  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.

Three Months Ended March 31,

2026

2025

Net (loss) / income

$         (47,569)

$          18,688

Add / (less) Non-GAAP adjustments:

  Interest expense

3,760

4,298

  Interest income

(801)

(935)

  Provision for income taxes

(1,806)

1,730

  Depreciation and amortization

22,704

22,671

  EBITDA

$         (23,712)

$          46,452

  Non-cash equity-based compensation

13,372

17,884

  Giphy Retention Compensation Expense - non-recurring

649

566

  Merger related costs

2,855

11,861

  Foreign currency loss / (gain)

157

(320)

  Unrealized loss / (gain) on investment

15,305

(13,260)

  Legal contingencies

28,000

—

  Workforce optimization - severance

6,080

180

Adjusted EBITDA

$          42,706

$          63,363

Revenue

$        199,170

$        242,620

Net (loss) /  income margin

(23.9) %

7.7 %

Adjusted EBITDA margin

21.4 %

26.1 %

Three Months Ended March 31,

2026

2025

Reported revenue (in thousands)

$        199,170

$        242,620

Revenue (decline) /growth

(18) %

13 %

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.

Equity-Based Compensation by expense category

Three Months Ended

($ in thousands)

3/31/26

12/31/25

9/30/25

6/30/25

3/31/25

12/31/24

9/30/24

6/30/24

Cost of revenue

$      183

$      558

$      528

$      532

$      396

$      505

$      443

$      300

Sales and marketing

2,112

2,287

2,098

2,559

2,255

2,627

3,226

3,167

Product development

3,078

3,218

3,370

3,529

2,912

2,722

2,745

4,171

General and administrative

7,999

8,542

6,966

9,005

12,321

9,256

8,680

7,338

Total non-cash equity-based compensation

$ 13,372

$ 14,605

$ 12,962

$ 15,625

$ 17,884

$ 15,110

$ 15,094

$ 14,976

Depreciation and Amortization by expense category

Three Months Ended

($ in thousands)

3/31/26

12/31/25

9/30/25

6/30/25

3/31/25

12/31/24

9/30/24

6/30/24

Cost of revenue

$ 20,898

$ 21,010

$ 21,028

$ 20,804

$ 20,742

$ 21,191

$ 19,653

$ 20,087

General and administrative

1,806

1,725

1,849

1,807

1,929

2,096

1,991

1,346

Total depreciation and amortization

$ 22,704

$ 22,735

$ 22,877

$ 22,611

$ 22,671

$ 23,287

$ 21,644

$ 21,433

SOURCE Shutterstock, Inc.

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.

SOURCE Sonilo

, /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.

SOURCE Shutterstock, Inc.

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/.

FOR MORE INFORMATION:

S&P Dow Jones Indices
[email protected] 

Media Inquiries
[email protected] 

SOURCE S&P Dow Jones Indices

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, March 12:

Air France-KLM SA (AFLYY - Free Report) : This airline company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.3% over the last 60 days.

Air France-KLM has a PEG ratio of 0.07 compared with 0.40 for the industry. The company possesses a Growth Score of A.

HubSpot, Inc. (HUBS - Free Report) : This company that provides cloud-based CRM, marketing, sales, and customer service software carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

HubSpot has a PEG ratio of 1.18 compared with 3.21 for the industry. The company possesses a Growth Score of A.

Latham Group, Inc. (SWIM - Free Report) : This maker of residential swimming pools carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.7% over the last 60 days.

Latham has a PEG ratio of 1.14 compared with 1.21 for the industry. The company possesses a Growth Score of A.

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

April 09, 2026 16:05 ET  | Source: Latham Pool Products

LATHAM, N.Y., April 09, 2026 (GLOBE NEWSWIRE) -- Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that it will release financial results for the first quarter 2026 on Tuesday, May 5, 2026, after the close of the U.S. market. The Company will hold a conference call to discuss the results that same day at 4:30 PM Eastern Time.

We encourage participants to pre-register for the conference call by visiting https://dpregister.com/sreg/10207783/103af06e389. Callers who pre-register will be sent a confirmation e-mail including a conference passcode and unique PIN to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time. To ensure you are connected for the full call, please register at least 10 minutes before the start of the call.

A live audio webcast of the conference call will be available online at https://ir.lathampool.com/ under “Events & Presentations.”

Those without internet access, or unable to pre-register, may dial in by calling:

PARTICIPANT DIAL-IN (TOLL-FREE): 1-833-953-2435
PARTICIPANT INTERNATIONAL DIAL-IN: 1-412-317-5764

For those who are unable to listen to the live broadcast, an archived webcast will be available approximately two hours after the conclusion of the call, through May 5, 2027, on the Company’s investor relations website under “Events & Presentations.”

About Latham Group, Inc.

Latham Group, Inc., headquartered in Latham, NY, is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. Latham has a coast-to-coast operations platform consisting of approximately 1,900 employees across 35 locations.

Contact:

Lynn Morgen
Casey Kotary
ADVISIRY Partners
[email protected]
212-750-5800

Latham Group (SWIM - Free Report) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to a loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -33.33%. A quarter ago, it was expected that this swimming pool maker would post a loss of $0.09 per share when it actually produced a loss of $0.03, delivering a surprise of +66.67%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Latham Group, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $117.32 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.58%. This compares to year-ago revenues of $111.42 million. The company has topped consensus revenue estimates two times 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.

Latham Group shares have lost about 8.7% since the beginning of the year versus the S&P 500's gain of 5.2%.

What's Next for Latham Group?While Latham Group 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 Latham Group 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 $0.16 on $190.5 million in revenues for the coming quarter and $0.17 on $594 million 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, Building Products - Miscellaneous is currently in the bottom 23% 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.

One other stock from the same industry, Aspen Aerogels (ASPN - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.

This maker of insulation products is expected to post quarterly loss of $0.27 per share in its upcoming report, which represents a year-over-year change of -350%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Aspen Aerogels' revenues are expected to be $36.56 million, down 53.6% from the year-ago quarter.

May 18, 2026 16:05 ET  | Source: Latham Pool Products

LATHAM, N.Y., May 18, 2026 (GLOBE NEWSWIRE) -- Latham Group, Inc. (NASDAQ:SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that management will attend the following investor conferences:

On May 28, 2026, Oliver Gloe, Chief Financial Officer, and Joshua Rickaby, Fiberglass Sales – Sand States, will host investor meetings at the Craig-Hallum Institutional Investor Conference. This event will take place at the Renaissance Minneapolis Hotel in Minneapolis, MN.On June 2, 2026, Oliver Gloe, Chief Financial Officer, and Chris Daley, Vice President – Finance, will host a fireside chat at 9:05am ET at the Baird Global Consumer, Technology & Services Conference. This event will take place at the InterContinental New York Barclay in New York, NY. Latham’s management team will also host investor meetings throughout the day.On June 4, 2026, Oliver Gloe, Chief Financial Officer, and Joshua Rickaby, Fiberglass Sales – Sand States, will host a presentation at 10:00am CT at the William Blair 46th Annual Growth Stock Conference. This event will take place at the Loews Chicago Hotel in Chicago, IL. Latham’s management team will also host investor meetings throughout the day.
About Latham Group, Inc.
Latham Group, Inc., headquartered in Latham, NY, is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. Latham has a coast-to-coast operations platform consisting of approximately 1,900 employees across around 35 locations.

Contact:
Lynn Morgen
Casey Kotary
ADVISIRY Partners
[email protected]
212-750-5800

ST. JOHN'S, Newfoundland and Labrador, May 06, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces it has signed a Memorandum of Understanding (MOU) with SEFINE SISAM (Strategic Unmanned Systems Research Center) during the SAHA exposition in Türkiye.

As part of the agreement, Kraken will work with SISAM to integrate KATFISH into its mission planning software and develop automatic target recognition (ATR) capabilities for Kraken Synthetic Aperture Sonar.

“We’re pleased to continue our work with SEFINE following a successful at-sea demonstration earlier this year,” said Bernard Mills, Executive Vice President of Defence at Kraken Robotics. “This partnership poises us to rapidly develop and deliver relevant capability in a region that combines industrial excellence and operational need. Together, we are advancing fully integrated, autonomous solutions for seabed warfare and mine countermeasures—enhancing the speed, accuracy, and efficiency of maritime security operations.”

Kraken and SEFINE recently demonstrated Kraken’s KATFISH and unmanned surface vessel (USV) launch and recovery system from SEFINE’s RD-22 USV off the coast of İstanbul, Türkiye, validating rapid, high-resolution detection and classification of mine-like objects and critical underwater infrastructure in an operational environment.

Figure 1: Kraken Robotics has signed a Memorandum of Understanding with
SEFINE SISAM during the SAHA exposition in Türkiye.

ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably.

Kraken’s synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage.

Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide.

On March 3, 2026, Kraken announced the acquisition of Covelya Group Limited (the “Acquisition”), a leading international provider of mission-critical underwater technology solutions operating through its subsidiary companies: Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd. The Acquisition is expected to close during the second quarter of 2026, subject to the satisfaction of customary conditions and regulatory approvals.

LINKS:
www.krakenrobotics.com

SOCIAL MEDIA:
LinkedIn www.linkedin.com/company/krakenrobotics
Twitter www.twitter.com/krakenrobotics
Facebook www.facebook.com/krakenroboticsinc
YouTube www.youtube.com/channel/UCEMyaMQnneTeIr71HYgrT2A
Instagram www.instagram.com/krakenrobotics

Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release.
For further information:

Erica Hasenfus, Director of Global Marketing
[email protected]

Shant Madian, Director of Capital Markets
[email protected]

Kraken Robotics Inc.
+1 709-757-5757
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ad15080-6657-4bdb-8a2d-140663c179a2

NEW YORK--(BUSINESS WIRE)--Circle Internet Group, Inc. (NYSE: CRCL) announced today that Jeremy Allaire, Co-Founder, Chairman and Chief Executive Officer, will participate in a fireside chat at the Bernstein 42nd Annual Strategic Decisions Conference on Thursday, May 28, 2026 at 8:00am ET. The live audio webcast of the session will be available on Circle's Investor Relations website at www.circle.com/investors. For those unable to listen to the live webcast, a replay will be available on our we.

Image: Bigstock

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An updated edition of the April 2, 2026, article.

Cryptocurrencies are digital assets created and stored electronically using blockchain technology, which enables a decentralized payment system. Popular cryptocurrencies such as Bitcoin and Ether operate on blockchain networks that rely on advanced cryptography and software to maintain a secure, immutable and decentralized database. This technology enhances security by creating tamper-resistant transaction records while accurately tracking ownership. The security and decentralized nature of blockchain have been key factors driving the rapid growth and adoption of cryptocurrencies.

Year to date, cryptocurrencies have remained highly volatile amid challenging macroeconomic conditions, evolving regulations and shifting investor sentiment. Bitcoin rebounded above the $70,000 mark after a prolonged consolidation period, supported by renewed institutional inflows into Bitcoin ETFs and improving market confidence. Ethereum also gained momentum following technological upgrades that enhanced scalability and user experience. At the same time, regulators across major economies intensified efforts to establish clearer frameworks for digital assets, particularly stablecoins and crypto exchanges.

The most significant development came from the United States, where the GENIUS Act established the first federal regulatory framework for payment stablecoins. The legislation requires issuers to maintain 1:1 reserve backing, comply with disclosure requirements and operate under federal or state supervision. This development benefits companies such as Circle Internet Group (CRCL - Free Report) , issuer of the USDC stablecoin. U.S. policymakers also advanced the Digital Asset Market Clarity Act, which seeks to define the regulatory responsibilities of the SEC and CFTC in overseeing crypto assets. These developments are expected to benefit Coinbase (COIN - Free Report) , Robinhood (HOOD - Free Report) , CME Group (CME - Free Report) and Visa (V - Free Report) .

Meanwhile, blockchain technology continues to evolve rapidly. Layer 2 and Layer 3 solutions are enabling faster and cheaper transactions, while cross-chain systems are improving interoperability among Bitcoin, Ethereum and Solana networks. However, rising security concerns remain a challenge, especially after Google warned that quantum computing could potentially break existing crypto security systems by 2029, accelerating the push toward quantum-resistant blockchain technology.

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Visa has positioned itself as a “hyperscaling bridge layer” between stablecoins/blockchain infrastructure and real-world commerce. Consumers are increasingly using stablecoin-linked Visa cards to spend cryptocurrencies at merchants where Visa is accepted, while businesses are using them for purchases like digital advertising and supplies. Visa now has more than 160 stablecoin card programs globally, and payment volume from these programs grew nearly 200% year over year in the second quarter of fiscal 2026. Visa is enabling financial institutions to settle transactions using stablecoins 24/7 instead of only through traditional fiat systems during business days. The company added five additional blockchains for settlement and said its stablecoin settlement volume is running at a $7 billion annualized rate, growing more than 50% sequentially.

Visa is becoming an active participant in blockchain networks by acting as a validator and super validator on networks like Tempo and Canton. This Zacks Rank #2 (Buy) company is also providing value-added services to crypto-native companies and traditional financial institutions that want to expand stablecoin offerings, creating additional revenue opportunities. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

CME Group is investing heavily in crypto-related infrastructure, including tokenized cash, tokenized collateral, and an expected CME stablecoin. These initiatives are expected to improve collateral mobility, reduce settlement friction, enable movement of value outside traditional banking hours, and support 24/7 trading activity. CME believes this will strengthen its clearing ecosystem and increase margin and capital efficiencies for clients.

This Zacks Rank #3 (Hold) company will launch 24/7 crypto trading on May 29, which signals a major expansion in cryptocurrency market access. This will help CME capture more global and retail trading activity. Prediction markets tied to crypto products are attracting new users, with crypto-related contracts contributing to more than 30% of market-based prediction market volume since mid-March. Management emphasized that crypto-linked prediction markets and micro products are helping CME attract a “next-generation trader.” The company disclosed that more than 150,000 new accounts have traded CME products since launching prediction markets in December 2025, with crypto among the key market categories driving engagement.

Coinbase benefits from steady on-chain adoption as it expands the Everything Exchange and deepens stablecoin and Base use cases. Management highlighted that USDC adoption continues to accelerate, with Coinbase holding more than 25% of all USDC in its products and capturing roughly 50% of USDC economics. The company reported that stablecoin transaction volume doubled during the first quarter of 2026 and that Base became the dominant chain for stablecoin transactions with a 62% market share.

Coinbase is expanding beyond traditional crypto trading through its Everything Exchange strategy. The company has added stock trading, prediction markets, commodities, and derivatives trading, creating new revenue streams. Coinbase, on its first-quarter earnings call, said that derivatives trading surpassed a $200 million annualized revenue run rate, while prediction markets reached a $100 million annualized run rate just two months after launch. This diversification helps this Zacks Rank #3 stock benefit from broader cryptocurrency adoption while reducing dependence on spot crypto trading alone.

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Ran Neuner sat down with Scott Melker on The Wolf Of All Streets podcast and laid out a chart pattern that should make every Bitcoin bull pause. The episode title says it plainly: “Bitcoin To $40K? Saylor’s Big Bet Is Breaking.” The thesis hinges on a single uncomfortable observation about 2022 that most investors have forgotten: the second leg down was significantly worse than the first.

The 2022 Pattern, Step by Step Neuner walked through the structure: “If you look at 2022 again, you had like the drop, you had the bear flag, you had the drop, you had a bear flag again, then you actually had the very big drop.”

The numbers behind that sequence matter. The first drop in 2022 was roughly 43%. The second drop, which came after Bitcoin retested the bear flag and tagged the 200-day moving average, was approximately 62%. That is the part the bulls tend to gloss over. The pattern did not exhaust itself on the first flush. The Luna/Terra event in May set the stage, and the FTX collapse in November delivered the deeper wound.

Today’s Mirror Image Neuner’s framing of the current chart was direct: “Now let’s go back to today’s chart. And unfortunately, it looks like a mirror image.” Bitcoin has just kissed the 200-day moving average and fallen back into a bear flag, the same setup that preceded the larger 2022 capitulation. As he put it, “If it looks like a duck and it walks like a duck and it quacks like a duck, then you gotta make an assumption that it’s probably a duck.”

The price action supports the structural concern. Bitcoin trades at $76,600.87 as of May 24, 2026, down 12% year to date and 29% over the past year from a starting point of $107,794.01. Polymarket’s $75,000 dip market for May already resolved YES, confirming the downside test has begun.

Melker tied the technical case directly to a price zone: “So assuming we get the bear flag breakdown, that’s where we get the 40s and 50s target, probably 40s or lower, right?”

Why MSTR Is the Pressure Point MicroStrategy (NASDAQ:MSTR | MSTR Price Prediction), now branded as Strategy, is the corporate proxy for this trade. The company holds 713,502 bitcoins with a cost basis of approximately $54.26 billion. Q4 2025 already showed what a Bitcoin drawdown does to the income statement: a net loss of $12.44 billion, or -$42.93 per diluted share, driven by a $17.44 billion unrealized loss on digital assets under ASU 2023-08 fair value accounting (see the Q4 8-K filing).

The stock has felt it. MSTR sits at $159.89, down 60% over the past year from $399.46 and off 11% in the past month alone. Reddit sentiment flipped from bullish to bearish around May 10-11, 2026, with retail discussion concentrating in r/options around a thread titled “Someone smart convince me not to buy a STRC (strategy preferred stock) put.”

What the Crowd Is Pricing Polymarket traders assign a 79% probability that MicroStrategy sells some Bitcoin by December 31, 2026, and a 42% probability of a sale by June 30. Margin call risk for 2026 sits at just 4.5%, so the crowd sees discretionary selling pressure, not forced liquidation, as the real concern if the bear flag resolves lower. CEO Phong Le has framed the capital strategy as offensive, noting the company “raised $25.3 billion of capital in 2025 to advance our Bitcoin treasury strategy” and added 41,002 bitcoins in January 2026 alone.

The setup is straightforward. If the bear flag holds and Bitcoin rejects lower, the 2022 mirror image breaks. If it resolves to the downside, history says the second leg can be the deeper one, and MSTR is the cleanest equity expression of that risk. The duck test is on.

Circle Internet Group (NYSE:CRCL) announced a partnership with global payments platform Nium on Wednesday, connecting USDC settlement to payout infrastructure across 190 countries.

Single Integration Replaces Fragmented Cross-Border Payment RailsNium joins the Circle Payments Network as a global payout partner, giving financial institutions direct access to payouts across more than 100 local currencies through a single integration. 

Previously, institutions moving money across multiple corridors had to manage fragmented providers and prefund accounts in each market separately.

The partnership allows banks, fintechs, and enterprises to use USDC-powered settlement to route payments through the Circle Payments Network directly into Nium’s infrastructure, delivering local currency funds into accounts, wallets, and cards worldwide. 

The Circle Payments Network already manages $8.3 billion in annualized transaction volume based on trailing 30-day activity as of March 31.

“Traditional and on-chain payment rails are converging, and that convergence demands infrastructure that banks, fintechs, and global enterprises can rely on at scale,” said Nium founder and CEO Prajit Nanu. 

“We are combining Circle’s regulated settlement instrument with Nium’s global payout reach to deliver a more seamless way for institutions to move money worldwide,” he added.

USDC Moves From Settlement Instrument To Complete Payment FlowCircle Chief Commercial Officer Kash Razzaghi explained that financial institutions are increasingly turning to stablecoins to solve persistent cross-border payment problems.

Through the Nium integration, USDC effectively extends beyond settlement into a full end-to-end payment flow, giving institutions greater speed, transparency, and capital efficiency when moving money globally.

The timing matters because the CLARITY Act, currently advancing through the Senate with 70% odds of passing according to Galaxy Digital research, would create the regulatory framework for exactly this type of institutional stablecoin adoption at scale.

Cup And Handle Projects $200 Target If CRCL Clears $115CRCL has completed a textbook Cup and Handle pattern, with the cup bottoming at $50 and the rim forming at $135 to $140. 

The handle pulled back to $95 to $100 before breaking out, with the stock now trading at $104.36.

Price needs to clear the EMA cluster—50 EMA at $105.75, 20 EMA at $111, and 200 EMA at $115—to confirm full continuation. 

A measured cup move projects $200 to $220 on a clean breakout. Support holds at $100 on the handle retest and $95 at the handle low. Loss of $95 on volume collapses the pattern toward the $80 to $85 demand zone.

Image: Shutterstock

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Circle Internet Group, Inc. (CRCL) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

Circle remains a Strong Buy as it leads the stablecoin revolution and outperformed the benchmark with a 38% stock surge. USDC adoption is accelerating, with a 28% YoY increase in circulation and a 263% rise in on-chain transaction volume to $21.5 trillion. Recent partnerships, such as with Nium and Kyriba, expand CRCL's use cases and support the long-term bull thesis.

Circle Internet Group (CRCL +2.42%) wasn't any investor's idea of a good stock buy on Hump Day. Market players aggressively sold out of the stablecoin developer's shares, on the back of a report that several major financial companies are teaming up to develop a competing cryptocurrency. Circle's stock price fell by nearly 11% across that trading session.

New stablecoin coming? Before market open, crypto news and analysis site CoinDesk reported that Visa, Mastercard, and Stripe are on the brink of rolling out a new stablecoin platform. Citing three unnamed individuals "familiar with the plans," the site said a fourth company, crypto exchange operator Coinbase Global, is considering joining.

Image source: Getty Images.

All four companies have, to different extents, developed their own stablecoin capabilities. In fact, Coinbase and Circle co-founded the Centre Consortium as a governance body for Circle's USDC. This lasted until 2023, when the two companies agreed to a two-tier revenue split under which they share the coin's reserve interest income.

CoinDesk said that Visa, Stripe, and Coinbase refused to comment on its story. It had not received a response from Mastercard at the time of publication.

Today's Change

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It's hard to compete with an incumbent The CoinDesk story did not provide any details of this apparent upcoming stablecoin. However, if the article is accurate, such a product is sure to be large-scale and, therefore, competitive even with the most popular stablecoins like USDC or the No. 1 in that category, Tether. Yet I wouldn't sell out of Circle solely on this report, especially without knowing at least a few key details about the new coin, given the prominence and success of USDC so far.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Mastercard and Visa. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.

Circle Internet Group remains a Buy, driven by USDC's stable market cap above $70B and rising transaction volumes. USDC's adaptability and payments use case insulate CRCL from broader crypto volatility, with Arc chain and transaction fees offering new revenue streams. CRCL's market cap is $20B, with annualized net income of $220M, and potential for significant growth if USDC reaches $250B and CLARITY passes.

Bitcoin’s plunge below the key $60,000 level last week created winners in leveraged inverse ETFs betting against some of the crypto market’s most closely watched stocks.

The rally in bearish ETFs coincided with one of Bitcoin’s sharpest declines this year. The world’s largest cryptocurrency fell about 18% last week and briefly dropped to $59,101 on Friday, marking its first move below $60,000 since late 2024.

Strategy’s Weakness Boosts MSTZThe selloff reverberated across crypto-linked stocks, particularly Strategy Inc (NASDAQ:MSTR), the company widely viewed as a leveraged Bitcoin proxy.

Strategy came under pressure after disclosing a small Bitcoin sale, its first since 2022. The announcement raised concerns about the durability of the company’s long-standing buy-and-hold strategy and added to fears surrounding corporate Bitcoin treasury models.

Those concerns helped fuel gains in MSTZ, which seeks to deliver twice the inverse daily performance of Strategy shares.

The pressure on Strategy intensified as investors pulled money from Bitcoin ETFs and questioned whether corporate treasury buyers would continue supporting demand for the cryptocurrency during periods of heightened volatility.

Circle Decline Drives CRCD HigherCRCD posted even stronger returns as shares of Circle Internet Group Inc (NYSE:CRCL), the issuer of the USDC stablecoin, retreated amid the broader crypto downturn.

The ETF is designed to provide twice the inverse daily return of Circle stock, making it one of the most aggressive bearish vehicles available to investors seeking to profit from declines in crypto-linked equities.

Weakness across digital assets was fueled by a combination of ETF outflows, renewed geopolitical tensions in the Middle East and growing uncertainty surrounding the outlook for crypto-related companies.

Bitcoin Rebounds, But Sentiment Remains FragileBitcoin staged a partial rebound on Monday, climbing as much as 3.8% before trading near $62,800 after Strategy Executive Chairman Michael Saylor disclosed a fresh $101 million Bitcoin acquisition, its first purchase since selling 32 coins at $77,135 last week, leading to a 6% surge in MSTR stock.

The recovery, however, is yet to fully restore investor confidence.

Market participants remain cautious after Bitcoin lost roughly half its value from the record highs reached last year. Richard Galvin, executive chairman of crypto investment firm DACM, said, according to a Bloomberg report, that the firm recently raised cash holdings to their highest level in two years, while Apollo Crypto portfolio manager Pratik Kala described market sentiment as “incredibly shaky.”

Investors Continue Betting on Further DownsideFor now, the biggest beneficiaries of that uncertainty have been bearish crypto-equity ETFs.

As Bitcoin struggles to regain momentum despite Monday’s rebound, funds such as CRCD and MSTZ have emerged among the standout performers in the ETF market, highlighting how quickly sentiment has shifted from chasing crypto gains to positioning for further downside in crypto-linked stocks.

Photo: Shutterstock

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NEW YORK--(BUSINESS WIRE)--Circle Internet Group, Inc. (NYSE: CRCL) announced today that Jeremy Allaire, Co-Founder, Chairman and Chief Executive Officer, will participate in a fireside chat at VivaTech on Wednesday, June 17, 2026, at 5:00 am ET, discussing “Digital Money, Real Power: The New Architecture of Finance.”

The live audio webcast of the session will be available on Circle’s Investor Relations website at www.circle.com/investors. For those unable to listen to the live webcast, a replay will be available on our website shortly after the event.

Please direct any questions regarding obtaining access to the webcast to Circle Investor Relations via email at [email protected].

Disclosure Information
In addition to filings with the Securities and Exchange Commission (SEC), Circle uses its Investor Relations website (https://investor.circle.com), its blog (https://www.circle.com/blog), press releases (https://www.circle.com/pressroom), public conference calls and webcasts, its X feed (https://x.com/circle), and its Linkedin page (https://www.linkedin.com/company/circle-internet-financial) as a means of disclosing material nonpublic information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor these sites in addition to following Circle’s SEC filings.

About Circle Internet Group, Inc.
Circle (NYSE: CRCL) is one of the world’s leading internet financial platform companies, building the foundation of a more open, global economy through programmable blockchain infrastructure, digital assets, and payment applications. Circle’s platform includes the world’s largest stablecoin network anchored by USDC, Circle Payments Network for global money movement, and Arc, an enterprise-grade blockchain designed to become the Economic OS for the internet. Enterprises, financial institutions, and developers use Circle to power trusted, internet-scale financial innovation.

More News From Circle Internet Group, Inc.

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April 28, 2026 08:00 ET  | Source: OptimizeRx Corporation

WALTHAM, Mass., April 28, 2026 (GLOBE NEWSWIRE) -- OptimizeRx Corp. (the “Company”) (Nasdaq: OPRX), a leading provider of healthcare solutions helping life sciences companies reach and engage healthcare professionals (HCPs) and patients, will hold a conference call on Tuesday, May 12, 2026, at 4:30 p.m. Eastern Time to discuss its results for the first quarter period ended March 31, 2026. The financial results will be issued in a press release prior to the call.

OptimizeRx management will host the call, followed by a question-and-answer period. Details for the conference call can be found below:

Date: Tuesday, May 12, 2026 Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) Toll Free: 1-877-407-9716International: 1-201-493-6779Conference ID: 13760191Call me™ Link: https://callme.viavid.com/viavid/?callme=true&passcode=13760191&h=true&info=company-email&r=true&B=6Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1760247&tp_key=80ee98d522
Please call the conference telephone number or log on to the web access link five minutes prior to the start time.

A replay of the call will remain available for 12 months via the investors section of the OptimizeRx website at http://www.optimizerx.com/investors.

About OptimizeRx

OptimizeRx is a leading healthcare technology company that’s redefining how life science brands connect with patients and healthcare providers. Our platform combines innovative artificial intelligence (AI)-driven tools like the Dynamic Audience Activation Platform (DAAP) and Micro-Neighborhood Targeting (MNT) to deliver timely, relevant, and hyper-local engagement. By bridging the gap between HCP and DTC strategies, we empower brands to create synchronized marketing solutions that drive faster treatment decisions and improved patient outcomes.

Our commitment to privacy-safe, patient-centric technology ensures that every interaction is designed to make a meaningful impact, delivering life-changing therapies to the right patients at the right time. Headquartered in Waltham, Massachusetts, OptimizeRx partners with some of the world’s leading pharmaceutical and life sciences companies to transform the healthcare landscape and create a healthier future for all.

For more information, follow the Company on X, LinkedIn or visit www.optimizerx.com.

OptimizeRx Contact
Andy D’Silva, Chief Business Officer
[email protected]

Investor Relations Contact
Douglas Farrell
LifeSci Advisors, LLC
[email protected]    

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One stock to keep an eye on is OptimizeRx (OPRX - Free Report) . OPRX is currently sporting a Zacks Rank #1 (Strong Buy), as well as an A grade for Value.

Investors should also note that OPRX holds a PEG ratio of 0.96. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. OPRX's PEG compares to its industry's average PEG of 1.43. Over the past 52 weeks, OPRX's PEG has been as high as 1.13 and as low as 0.33, with a median of 0.76.

Another notable valuation metric for OPRX is its P/B ratio of 2.83. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 6.51. Over the past year, OPRX's P/B has been as high as 2.94 and as low as 0.61, with a median of 1.25.

Value investors will likely look at more than just these metrics, but the above data helps show that OptimizeRx is likely undervalued currently. And when considering the strength of its earnings outlook, OPRX sticks out as one of the market's strongest value stocks.