Shutterstock Q2 revenue down 17% to $221.8M; net loss of $155.9M includes $163.4M goodwill impairment

Shutterstock, Inc.

Revenue $221.8M vs $267.0M YoY; Content revenue fell 17% to $165.7M on weak new customer acquisition.
Net loss $155.9M ($4.25 diluted loss) vs net income $29.4M ($0.82 diluted EPS) a year ago.
Adjusted EBITDA $65.1M (29.3% margin) vs $82.2M (30.8% margin) in Q2 2025.
Subscribers fell to 951,000 from 1,073,000; paid downloads dropped to 98.7M from 112.6M.
Company targets additional $60M in annualized cost cuts; withdraws 2026 guidance and cancels earnings call.

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