Shutterstock Q1 revenue falls 18% on weak customer acquisition

Shutterstock

28/04/2026 12:16

Overview

US stock content provider's Q1 revenue fell 18% yr/yr, driven by weak new customer acquisition

Adjusted EPS for Q1 dropped yr/yr as adjusted EBITDA declined 33%

Company reported net loss for Q1, citing legal contingency and merger-related expenses

Outlook

Company says it will not provide financial guidance due to pending Getty Images merger

Shutterstock says it is investing in Data Licensing and AI Services to drive long-term growth

Company notes ongoing industry headwinds impacting Content business and customer acquisition

Result Drivers

CONTENT REVENUE DECLINE - Co said Q1 Content revenue fell due to weak new customer acquisition

DATA RECOGNITION TIMING - Co said Data, Distribution, and Services revenue was affected by timing of revenue recognition for data licensing deals

HIGHER OPERATING COSTS AND ONE-TIME EXPENSES - Net loss attributed to revenue decline, unrealized investment losses, legal contingency and workforce optimization expenses

Company press release: ID:nPn5xvLRFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$199.20 mln
$221.46 mln (2 Analysts)
Q1 Adjusted EPS
$0.58
Q1 Net Income
-$47.60 mln
Q1 Adjusted EBITDA
$42.70 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy."

Wall Street's median 12-month price target for Shutterstock Inc is $25.00, about 41.9% above its April 27 closing price of $17.62

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)