secwatch.observer — SEC 8-K summary
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Issuer:     Shutterstock, Inc. (SSTK)
CIK:        0001549346
Form:       8-K
Filed at:   2026-08-04T22:46:19+00:00
Accession:  0001140361-26-031306
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549346/000114036126031306/0001140361-26-031306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549346/000114036126031306/ef20079466_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-031306

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer