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AI brief of an SEC Form 8-K · Shutterstock, Inc. (SSTK)

Shutterstock Q3 revenue falls 33% to $173.9 million; net loss of $197.8 million

Negative Impact 4 of 5 earnings Written later

Shutterstock reported third-quarter 2026 revenue of $173.9 million, down 33% from $260.1 million a year earlier, and a net loss of $197.8 million, including a $195.6 million after-tax goodwill impairment charge. Chief Financial Officer Rik Powell is leaving, with Scott Grossman named Interim Chief Financial Officer, which adds leadership change to a quarter of sharp declines in revenue and earnings.

Key points

  • Revenue was $173.9 million versus $260.1 million; Content revenue fell 19% to $158.1 million and Data, Distribution, and Services fell 76% to $15.8 million.
  • Net loss per diluted share was $5.35 versus net income of $0.37; adjusted net income per diluted share was $0.45 versus $0.99.
  • Adjusted EBITDA was $41.8 million versus $79.4 million; cash and cash equivalents were $110.5 million at September 30, 2026.
  • Rik Powell ceased to serve as CFO effective November 2, 2026 and departs November 13, 2026; Scott Grossman is interim CFO with a base salary of $450,000.

The filing

CompanyShutterstock, Inc. (SSTK)
Form8-K, current report
Filed with the SECNov 5, 2026, 7:16 AM ET
Accession number0001140361-26-042037

Items reported: 2.02 Results of Operations5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.