Shutterstock Q3 2026 revenue falls 33% to $173.9M, swings to $197.75M net loss

what happened

According to TradingView, which cites the 10-Q filed with the SEC, Shutterstock reported third-quarter 2026 revenue of $173.9M, down 33.1% from $260.09M a year earlier. The company moved from net income of $13.39M to a net loss of $197.75M, and diluted loss per share reached $5.35 against earnings of $0.37 a year before.

The main driver of the loss was a $203.3M goodwill impairment charge recorded after the company suspended its dividend in July.

why it matters

Content revenue dropped 19% to $158.1M on weaker new-customer acquisition, while Data, Distribution, and Services fell 76% to $15.8M. Subscribers declined to 890,000 from 1,060,000, and paid downloads fell to 90.9M from 111.7M. Cost of revenue rose to 48% of revenue from 39%, driven by AI token usage fees and hosting costs that do not shrink with sales. For investors, this points to margin pressure and questions about the business model.

market impact

Shutterstock shares: falling revenue, the loss and the impairment weigh on the stock

• ▼Shutterstock shares pressure down — revenue decline and impairment-driven loss pressure the share price

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