---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-058932"
form_type: "8-K"
ticker: "SSTK"
cik: "0001549346"
company_name: "Shutterstock, Inc."
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:02:53.478430+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Shutterstock updates pro forma for Giphy acquisition; combined net income $34.6M

## Summary
- Pro forma combined revenue $664.5M for 9M ended Sep 30, 2023 vs standalone $657.4M.
- Pro forma net income $34.6M vs standalone $111.3M; Giphy had $50.1M operating loss pre-acquisition.
- Bargain purchase gain of $51.8M removed; net purchase price was negative $6.0M due to retention compensation.
- Intangible assets $42.5M (trade name $21M, developed tech $21.5M); API deferred revenue $30M.
- Giphy retention comp arrangements total up to $123.5M funded by Meta under transitional services agreement.

## SEC filing metadata
- accession: 0001140361-23-058932
- form_type: 8-K
- ticker: SSTK
- cik: 0001549346
- company_name: Shutterstock, Inc.
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1549346/000114036123058932/0001140361-23-058932-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1549346/000114036123058932/ny20016129x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-058932
- JSON: https://secwatch.observer/filing/0001140361-23-058932.json
- Plain text: https://secwatch.observer/filing/0001140361-23-058932.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.