Shutterstock, Inc.

NYSE:SSTK Stock Report

Market Cap: US$547.0m

Shutterstock Past Earnings Performance

Past criteria checks 0/6

Shutterstock's earnings have been declining at an average annual rate of -20.8%, while the Interactive Media and Services industry saw earnings growing at 21.1% annually. Revenues have been growing at an average rate of 6.7% per year.

Key information

-20.79%

Earnings growth rate

-20.19%

EPS growth rate

Interactive Media and Services Industry Growth6.15%
Revenue growth rate6.70%
Return on equity-3.90%
Net Margin-2.19%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update • Apr 23

SSTK: AI Content Partnerships Will Offset Rising Merger Regulation Risk

Analysts left their $28.85 price target for Shutterstock unchanged, citing merger-related uncertainty highlighted by regulators as a key reason to keep estimates steady for now. Analyst Commentary Bullish Takeaways Bullish analysts view the unchanged US$28.85 target for Shutterstock as a sign that current merger uncertainty is already reflected in expectations, which may limit immediate downside from regulatory headlines.
Narrative Update • Apr 08

SSTK: AI Data Partnerships And Dividend Will Offset Merger Uncertainty

Analysts kept their $28.85 fair value estimate for Shutterstock steady, explaining that recent merger uncertainty flagged by regulators for a peer company is now reflected through a slightly higher discount rate and future P/E assumption rather than a change in the price target itself. Analyst Commentary Recent commentary on a peer's proposed merger has put a spotlight on Shutterstock's potential deal path and how investors might think about valuation risk versus execution upside.
Narrative Update • Mar 21

SSTK: Merger Uncertainty Will Highlight AI Data Strength And Dividend Support

Analysts held their fair value estimate for Shutterstock steady at $28.85, with only minor model tweaks. Ongoing uncertainty around the proposed Getty Images merger, highlighted by the UK regulator's recent concerns, kept price target revisions muted.
Narrative Update • Mar 06

SSTK: Merger Uncertainty Will Highlight Resilient Margins And Dividend Support

Analysts have trimmed their price target on Shutterstock, cutting it by $0.00 to reflect a slightly higher discount rate, softer revenue growth assumptions, a higher projected profit margin and a lower future P/E multiple, with recent merger uncertainty highlighted in street research as a key backdrop. Analyst Commentary Street research around Shutterstock is increasingly focused on the merger overhang, with recent commentary using the cut to Getty Images' price target as a reference point for how merger risk can feed back into valuation.
Narrative Update • Feb 17

SSTK: Stable Margins And Dividend Policy Will Support Future Upside

Analysts have modestly lowered their price target on Shutterstock to $24.55 from $25.18, reflecting incremental adjustments to the discount rate and forward P/E assumptions while keeping fair value, revenue growth, and profit margin expectations effectively unchanged. What's in the News Shutterstock, Inc.
Narrative Update • Feb 03

SSTK: Higher Future P/E And Dividend Policy Will Support Upside

Analysts now see Shutterstock's fair value at US$28.85, up from US$26.93, reflecting updated assumptions for revenue growth, profit margins, discount rate, and a higher future P/E multiple. What's in the News Shutterstock's Board of Directors declared a cash dividend of US$0.36 per common share on January 26, 2026, for shareholders of record as of March 5, 2026, payable on March 19, 2026 (company announcement).
Seeking Alpha • Jan 06

With Merger Or Without, Shutterstock Is An Objective Bargain

Summary Shutterstock is rated a strong buy due to robust cash flow, improving margins, and an attractive 7.1% dividend yield. SSTK’s forward P/E of 4.31 and price/book of 1.12 highlight significant undervaluation relative to sector peers. The pending Getty Images merger offers further upside via synergy and scale, though regulatory delays remain a near-term risk. While growth initiatives pause pending merger resolution, SSTK’s current fundamentals support value and income-focused investors. Read the full article on Seeking Alpha
Analysis Article • Dec 20

Shutterstock's (NYSE:SSTK) Returns On Capital Are Heading Higher

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
Analysis Article • Dec 05

Is It Too Late To Consider Buying Shutterstock, Inc. (NYSE:SSTK)?

Shutterstock, Inc. ( NYSE:SSTK ), might not be a large cap stock, but it saw a double-digit share price rise of over...
Seeking Alpha • Dec 01

Shutterstock: AI Concerns Outweigh The Potential

Summary Shutterstock's acquisition of Envato aimed to boost sales, but organic growth remains negative, and AI developments pose significant risks to the business. Despite a reasonable valuation and reduced net debt, Shutterstock's earnings are heavily adjusted, and realistic earnings are lower than reported. The company's revenue growth is modest, with organic sales declining, raising concerns about long-term sustainability despite a 3.8% dividend yield. Overall, I remain cautious about investing in Shutterstock due to falling sales, complicated earnings, and potential long-term challenges from AI. Read the full article on Seeking Alpha
Analysis Article • Oct 30

We Think Shutterstock (NYSE:SSTK) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
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New Narrative • Sep 14

Envato Acquisition And GenAI Integration Set To Revolutionize Content Creation And Drive Growth

Shutterstock's acquisition of Envato and strategic focus on integrating GenAI capabilities, such as partnerships with NVIDIA and Databricks, aim to enhance content diversification and innovation.
Analysis Article • Sep 10

Shutterstock, Inc.'s (NYSE:SSTK) Share Price Matching Investor Opinion

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...
Seeking Alpha • Aug 15

Shutterstock: Undervalued, But Momentum Warrants Temperance

Summary SSTK is potentially 17% undervalued with a 19% growth potential over the next 12 months, despite recent downward momentum and competition risks. Shutterstock’s shift to AI could misallocate resources, threatening its traditional stock image moat, but may open short-term growth opportunities. FY25-26 EPS growth expected; however, bearish sentiment and competition from free platforms and AI could hinder long-term prospects. Read the full article on Seeking Alpha
Analysis Article • Aug 09

Shutterstock, Inc. Just Missed EPS By 79%: Here's What Analysts Think Will Happen Next

Last week, you might have seen that Shutterstock, Inc. ( NYSE:SSTK ) released its second-quarter result to the market...
Analysis Article • Jun 23

Is Shutterstock (NYSE:SSTK) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Seeking Alpha • Jun 04

Shutterstock: Opportunities And Headwinds For This Digital Content Player

Summary Shutterstock, Inc. has announced the acquisition of Envato Pty Ltd., a digital creative assets and templates creator, for $245 million. The acquisition is expected to add 20% to annual sales and 15% to annual EBITDA for Shutterstock. The company's future remains uncertain due to the potential impact of AI on its business model, although it offers potential opportunities as well. Read the full article on Seeking Alpha
Analysis Article • Apr 29

Shutterstock (NYSE:SSTK) Will Pay A Dividend Of $0.30

Shutterstock, Inc.'s ( NYSE:SSTK ) investors are due to receive a payment of $0.30 per share on 13th of June. This...

Revenue & Expenses Breakdown

How Shutterstock makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:SSTK Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26946-2136089
31 Dec 259904538489
30 Sep 251,0206041682
30 Jun 251,0116441288
31 Mar 259643840487
31 Dec 249353637988
30 Sep 249023635772
30 Jun 248854735872
31 Mar 248749435381
31 Dec 2387511035496
30 Sep 2387511834390
30 Jun 2384611332879
31 Mar 238448232967
31 Dec 228287633165
30 Sep 228168633964
30 Jun 228067934760
31 Mar 227898933955
31 Dec 217739233252
30 Sep 2174910131145
30 Jun 2171910729042
31 Mar 216899727343
31 Dec 206677227346
30 Sep 206525026951
30 Jun 206463327854
31 Mar 206481729455
31 Dec 196512029257
30 Sep 196463128354
30 Jun 196393327354
31 Mar 196343026557
31 Dec 186235526159
30 Sep 186134226162
30 Jun 186023926062
31 Mar 185804325458
31 Dec 175571724352
30 Sep 175352523050
30 Jun 175172921749
31 Mar 175083320648
31 Dec 164943319648
30 Sep 164803019044
30 Jun 164642418444
31 Mar 164442217642
31 Dec 154252016841
30 Sep 154002015643
30 Jun 153772114342

Quality Earnings: SSTK is currently unprofitable.

Growing Profit Margin: SSTK is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SSTK is unprofitable, and losses have increased over the past 5 years at a rate of 20.8% per year.

Accelerating Growth: Unable to compare SSTK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SSTK is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (-1.3%).

Return on Equity

High ROE: SSTK has a negative Return on Equity (-3.9%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/31 06:32
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shutterstock, Inc. is covered by 14 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nitin BansalBofA Global Research
Youssef SqualiCantor Fitzgerald & Co.
Andrew BooneCitizens JMP Securities, LLC