Shutterstock Q3 revenue falls 33% to $173.9M; net loss $197.8M on $203.3M goodwill impairment; CFO exits

Shutterstock, Inc.

2026-Q3 EPS reported -$11.02 revenue$594,869,000

Q3 revenue $173.9M, down 33% YoY; Content revenue $158.1M (-19%) and Data/Distribution/Services $15.8M (-76%).
Net loss $197.8M vs $13.4M net income; diluted EPS -$5.35 vs $0.37; includes $203.3M non-cash goodwill impairment ($195.6M after tax).
Adjusted net income $16.7M, adjusted EPS $0.45 vs $0.99; adjusted EBITDA $41.8M (-47%); OpEx cut 30% YoY, tracking $60M annualized savings.
CFO Rik Powell departs effective immediately and leaves Nov 13, 2026; Scott Grossman named Interim CFO at $450,000 base salary.
Subscribers fell to 890,000 from 1,060,000; paid downloads 90.9M vs 111.7M; cash $110.5M after $30.0M revolver repayment.

item 2.02 item 5.02 item 7.01 item 9.01

Featured in Daily 8-K Digest

Selected #9 for 2026-11-05. Read digest

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Scott Grossman

Interim Chief Financial Officer

SSTK · Shutterstock, Inc.

Effective: 2026-11-02
Filed: November 5, 2026, 7:16 AM ET

On November 5, 2025, the Company announced the appointment of Scott Grossman as Interim Chief Financial Officer, effective November 2, 2026.

Departed

Rik Powell

Chief Financial Officer

SSTK · Shutterstock, Inc.

Effective: 2026-11-02
Successor: Scott Grossman
Filed: November 5, 2026, 7:16 AM ET

Concurrent with Mr. Grossman’s appointment, Rik Powell will cease to serve as Chief Financial Officer effective as of the same date and will depart from the Company on November 13, 2026.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Grossman was appointed as Interim Chief Financial Officer at Shutterstock, Inc..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On November 5, 2025, the Company announced the appointment of Scott Grossman as Interim Chief Financial Officer, effective November 2, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.93

Rik Powell departed as Chief Financial Officer at Shutterstock, Inc..

Action: ceased to serve
Role: Chief Financial Officer

Exact text from the filing

Concurrent with Mr. Grossman’s appointment, Rik Powell will cease to serve as Chief Financial Officer effective as of the same date and will depart from the Company on November 13, 2026.

View on SEC.gov

Shutterstock, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-26-042037

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.