Filing Flows › Shutterstock (SSTK) › Q3 2026 › vs Q2 2026
Shutterstock (SSTK) Q3 2026 vs Q2 2026 (quarter over quarter)
Shutterstock's revenue fell $47.9M (-22%) from $222M in Q2 2026 to $174M in Q3 2026. The biggest changes: Data, Distribution, and Services −$40.3M (-72%); Content −$7.6M (-5%).
Shutterstock, Q3 2026: revenue $174M (-33% year over year), operating margin -114.5%, net loss $198M, operating cash flow $18.3M. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Content | $158M | $166M | −$7.6M | -5% |
| Data, Distribution, and Services | $15.8M | $56.1M | −$40.3M | -72% |
| Revenue | $174M | $222M | −$47.9M | -22% |
| Income tax benefit | $2.8M | $5.0M | −$2.2M | -45% |
| Net loss | $198M | $156M | $41.8M | +27% |
| Costs & expenses | $374M | $383M | −$8.3M | -2% |
| Operating costs | $373M | $377M | −$4.1M | -1% |
| Interest & other, net | $1.5M | $5.7M | −$4.2M | -74% |
| Cost of revenue | $83.7M | $93.8M | −$10.1M | -11% |
| Research & development | $14.2M | $17.6M | −$3.3M | -19% |
| Sales & marketing | $43.9M | $48.0M | −$4.1M | -8% |
| General & admin | $27.7M | $43.9M | −$16.2M | -37% |
| Other operating costs | $203M | $174M | $29.6M | +17% |
| Operating cash sources | $216M | $157M | $59.4M | +38% |
| Depreciation & amortization | $21.8M | $22.4M | −$630K | -3% |
| Share-based compensation | $7.8M | $12.5M | −$4.7M | -37% |
| Working capital & other | $186M | $122M | $64.8M | +53% |
| Net loss absorbed | $198M | $156M | $41.8M | +27% |
| Operating cash flow | $18.3M | $621K | $17.6M | 29× |
Questions
How much did Shutterstock's revenue grow quarter over quarter in Q3 2026?
Shutterstock's revenue fell $47.9M (-22%) from $222M in Q2 2026 to $174M in Q3 2026.
What drove Shutterstock's revenue change in Q3 2026?
Data, Distribution, and Services −$40.3M (-72%); Content −$7.6M (-5%).