Shutterstock — Third Quarter 2026 Earnings Summary

Shutterstock reported a net loss of $197.8 million for the third quarter of 2026, driven primarily by a $195.6 million non-cash goodwill impairment charge and a 33% decline in total revenue to $173.9 million. The company's Content segment revenue fell 19% year-over-year to $158.1 million due to weakness in new customer acquisition, while Data, Distribution, and Services revenue dropped 76% to $15.8 million. In response to these headwinds, Shutterstock reduced Product Development and SG&A expenses by 30% year-over-year and cut total headcount by 16% to achieve $60 million in annualized operating expense reductions. Additionally, the company announced the departure of Chief Financial Officer Rik Powell, with Scott Grossman assuming the role of Interim CFO effective immediately.