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Shutterstock (SSTK) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Shutterstock (SSTK) reported revenue of $174M for the third quarter 2026 (Q3 2026), -33% from a year earlier and -22% from the quarter before. Operating margin was -114.5%, net loss $198M (113.7% of revenue).
Shutterstock, Q3 2026: revenue $174M (-33% year over year), operating margin -114.5%, net loss $198M, operating cash flow $18.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $174M | -22% | -33% |
| Operating profit | −$199M | — | -713% |
| Net earnings | −$198M | — | -1577% |
| Operating cash flow | $18.3M | 29× | -77% |
| Free cash flow | $12.5M | — | -83% |
What changed
Revenue was $173.9M in Q3 2026, down 33% year over year and down 22% from the previous quarter. Content was the largest line at 91% of revenue. Data, Distribution, and Services lost $49.8M year over year (down 76%), 58% of the total change.
Operating costs exceeded revenue by $199.0M, an operating margin of -114.5%. Total costs grew 64% against a revenue fall of 33%. The quarter ended with a net loss of $197.8M, wider than the previous quarter's $155.9M loss.
Operating cash flow was $18.3M (down 77% year over year). Non-cash charges added back $21.8M of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items added $186.4M. After capital expenditures, net ($5.4M) and content acquisitions ($326K), adjusted free cash flow as the company reports it was $12.5M.
Questions
What was Shutterstock's revenue in the third quarter 2026?
Shutterstock (SSTK) reported revenue of $174M for the third quarter 2026 (Q3 2026), -33% from a year earlier and -22% from the quarter before.
Was Shutterstock profitable in the third quarter 2026?
Operating loss was $199M (-114.5% of revenue) and net loss $198M.
Source: Shutterstock 10-Q on SEC EDGAR.