Shutterstock’s full year 2025 revenue rose to $989.9 million from $935.3 million, a 6% increase driven by double-digit growth in its Data, Distribution & Services segment, which reached $203.3 million. Net income climbed to $45.5 million versus $35.9 million last year, while adjusted EBITDA expanded 10% to $271.8 million, matching a record 27.5% margin.

In the fourth quarter, revenue declined 12% year-over-year to $220.2 million amid continued Content business headwinds and weaker new customer acquisition. The company reported a $16.0 million net loss, compared to a $1.4 million loss in the prior-year period, driven by unrealized investment losses and $7.3 million in merger-related professional fees; adjusted EBITDA fell to $46.8 million.

Management plans to simplify pricing and product offerings in the Core Content business to reverse current trends and will increase investments in specialized AI Services for data creation, enrichment, and model training assets. The company continues to work with regulatory authorities and Getty Images to secure approvals for their pending merger, with professional fees of $34.9 million already incurred in 2025.