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How Shutterstock (SSTK) makes money
Shutterstock (SSTK) made $174M of revenue in the third quarter 2026 (Q3 2026), -33% from a year earlier. Content brought in $158M (91%); Data, Distribution, and Services brought in $15.8M (9%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Content | $158M | 90.9% | -5% | -19% |
| Data, Distribution, and Services | $15.8M | 9.1% | -72% | -76% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $174M | 100.0% |
| Operating cash flow | $18.3M | 10.5% |
| Free cash flow | $12.5M | 7.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $174M | -33% |
| Q2 2026 | $222M | -17% |
| Q1 2026 | $199M | -18% |
| Q4 2025 | $220M | -12% |
| Q3 2025 | $260M | +4% |
| Q2 2025 | $267M | +21% |
| Q1 2025 | $243M | +13% |
From Shutterstock's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Shutterstock make money?
Shutterstock (SSTK) made $174M of revenue in the third quarter 2026 (Q3 2026), -33% from a year earlier. Content brought in $158M (91%); Data, Distribution, and Services brought in $15.8M (9%).
What is Shutterstock's biggest business?
Content: $158M in the third quarter 2026, 91% of revenue, -19% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.