Shutterstock Q2 FY26 swings to net loss of USD 155.9 million; revenue drops 17% to USD 221.8 million
SSTK•Cost cuts and guidance
Interim CEO and CFO Rik Powell said the company is targeting an additional USD 60 million in annualized run-rate operating expense cuts by year-end.
The conference call and 2026 guidance were scrapped.
Second-quarter results
Shutterstock reports Q2 2026 revenue of USD 221.8 million, down 17% year over year.
Net results swung to a loss of USD 155.9 million; diluted loss per share was USD 4.25.
GAAP loss included a USD 163.4 million after-tax goodwill impairment charge tied to the terminated merger agreement.
Adjusted EBITDA fell 21% to USD 65.1 million; adjusted EBITDA margin slipped 1.5 percentage points to 29.3%.
