Shutterstock Q3 revenue falls 33% on weak new customer additions

Shutterstock

05/11/2026 12:14

Overview
Creative content platform's Q3 revenue fell 33% yr/yr due to weakness in core segments
Adjusted EPS for Q3 declined yr/yr as revenue dropped
Net loss driven by $195.6 mln goodwill impairment and revenue declines outpacing cost reductions

Outlook
Company expects to achieve $60 mln in annualized run-rate operating expense reductions
Company sees AI trends creating new opportunities in content and data capabilities
Shutterstock says it is focused on operational performance and long-term growth

Result Drivers
CONTENT SEGMENT WEAKNESS - Co said lower Content revenue was primarily due to weakness in new customer acquisition
DATA LICENSING VOLATILITY - Co attributed sharp drop in Data, Distribution, and Services revenue to deal timing volatility and variable revenue recognition
COST REDUCTIONS - Co said it reduced operating expenses and headcount to offset revenue declines

Company press release: ID:nPn6znT7ya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$173.90 mln
 
Q3 Adjusted EPS
 
$0.45
 
Q3 Net Loss
 
$197.80 mln
 
Q3 Adjusted EBITDA
 
$41.80 mln
 

Reuters Recommended Reads
Nov 4 - Figma's Q3 revenue jumps 43% and beats estimates; raises FY revenue outlook
Nov 4 - Klaviyo's Q3 revenue beats estimates; raises FY outlook
Nov 4 - ZoomInfo Q3 revenue falls 3%

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.)