Filing Flows › Shutterstock (SSTK) › Q2 2025
Shutterstock (SSTK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Shutterstock (SSTK) reported revenue of $267M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +10% from the quarter before. Operating margin was 13.0%, net earnings $29.4M (11.0% of revenue).
Shutterstock, Q2 2025: revenue $267M (+21% year over year), operating margin 13.0%, net earnings $29.4M, operating cash flow $26.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $267M | +10% | +21% |
| Operating profit | $34.7M | +240% | +68% |
| Net earnings | $29.4M | +58% | +712% |
| Operating cash flow | $26.8M | +6% | -4% |
| Free cash flow | $17.5M | — | — |
What changed
Revenue was $267.0M in Q2 2025, up 21% year over year and up 10% from the previous quarter. Content was the largest line at 75% of revenue. Content added $29.8M year over year (up 18%), 64% of the total change.
Operating profit was $34.7M, a 13.0% margin (up 3.6 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 9% margin then. Total costs grew 16% against revenue growth of 21%. The fastest-growing cost line was General & admin (+33%). Net earnings were $29.4M, up 712% year over year. The effective tax rate was 31.7%.
Operating cash flow was $26.8M (down 4% year over year), 91% of net earnings. Non-cash charges added back $22.6M of depreciation and amortization and $15.6M of share-based compensation. Working capital and other items used $40.8M. After capital expenditures, net ($5.3M) and content acquisitions ($4.1M), adjusted free cash flow as the company reports it was $17.5M.
Questions
What was Shutterstock's revenue in the second quarter 2025?
Shutterstock (SSTK) reported revenue of $267M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +10% from the quarter before.
Was Shutterstock profitable in the second quarter 2025?
Operating profit was $34.7M (13.0% of revenue) and net earnings $29.4M.
Source: Shutterstock 10-Q on SEC EDGAR.