Filing Flows › Shutterstock (SSTK) › Q2 2026 › vs Q2 2025
Shutterstock (SSTK) Q2 2026 vs Q2 2025 (year over year)
Shutterstock's revenue fell $45.2M (-17%) from $267M in Q2 2025 to $222M in Q2 2026. The biggest changes: Content −$34.1M (-17%); Data, Distribution, and Services −$11.1M (-16%).
Shutterstock, Q2 2026: revenue $222M (-17% year over year), operating margin -70.0%, net loss $156M, operating cash flow $621K. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Content | $166M | $200M | −$34.1M | -17% |
| Data, Distribution, and Services | $56.1M | $67.2M | −$11.1M | -16% |
| Revenue | $222M | $267M | −$45.2M | -17% |
| Income tax benefit | $5.0M | −$13.7M | $18.7M | — |
| Net loss | $156M | −$29.4M | $185M | — |
| Costs & expenses | $383M | $275M | $107M | +39% |
| Operating costs | $377M | $232M | $145M | +62% |
| Interest & other, net | $5.7M | −$8.4M | $14.1M | — |
| Cost of revenue | $93.8M | $106M | −$12.2M | -12% |
| Research & development | $17.6M | $20.8M | −$3.2M | -15% |
| Sales & marketing | $48.0M | $57.1M | −$9.1M | -16% |
| General & admin | $43.9M | $48.4M | −$4.5M | -9% |
| Operating cash sources | $157M | −$2.6M | $159M | — |
| Depreciation & amortization | $22.4M | $22.6M | −$195K | -0.9% |
| Share-based compensation | $12.5M | $15.6M | −$3.1M | -20% |
| Working capital & other | $122M | −$40.8M | $162M | — |
| Net loss absorbed | $156M | −$29.4M | $185M | — |
| Operating cash flow | $621K | $26.8M | −$26.2M | -98% |
| Capital expenditures | $10.1M | $11.3M | −$1.2M | -11% |
| Negative free cash flow (OCF − capex) | $9.5M | −$15.5M | $25.0M | — |
Questions
How much did Shutterstock's revenue grow year over year in Q2 2026?
Shutterstock's revenue fell $45.2M (-17%) from $267M in Q2 2025 to $222M in Q2 2026.
What drove Shutterstock's revenue change in Q2 2026?
Content −$34.1M (-17%); Data, Distribution, and Services −$11.1M (-16%).