Shutterstock Posts Record 2025 Results Amid Merger Costs

An announcement from Shutterstock ( (SSTK) ) is now available.

For the full year ended December 31, 2025, Shutterstock reported record revenue of $989.9 million, up 6% year on year, with adjusted EBITDA rising 10% to $271.8 million and margins reaching 27.5%, helped by a full-year contribution from Envato and strong growth of 16% in its Data, Distribution, and Services business. Net income increased to $45.5 million despite $34.9 million in merger-related professional fees tied to its pending combination with Getty Images, while adjusted free cash flow jumped to $149.5 million and the company continued to return capital via quarterly dividends, even as its core Content segment showed ongoing weakness and new customer acquisition slowed.

In the fourth quarter of 2025, revenue fell 12% to $220.2 million and Shutterstock swung to a net loss of $16.0 million, driven by lower Content and Data, Distribution, and Services revenues, unrealized losses on its Meitu, Inc. investment, and additional merger expenses, although adjusted net income edged up to $24.9 million with stable per-share results. The results underscore a mixed picture for stakeholders, with solid annual profitability and liquidity—cash and equivalents rose to $178.2 million—contrasted by near-term pressure on growth and margins, while management signals a strategic focus on simplifying core content offerings, expanding AI-driven data services, and advancing regulatory approvals for the Getty Images merger.

The most recent analyst rating on (SSTK) stock is a Buy with a $21.50 price target. To see the full list of analyst forecasts on Shutterstock stock, see the SSTK Stock Forecast page.

Spark’s Take on SSTK Stock

According to Spark, TipRanks’ AI Analyst, SSTK is a Outperform.

The score is driven primarily by strong financial performance—especially robust cash flow and improved profitability—with additional support from attractive valuation (moderate P/E and high dividend yield). Offsetting these positives, technical indicators are mixed with the stock below key longer-term moving averages and slightly negative MACD, which tempers near-term momentum.

To see Spark’s full report on SSTK stock, click here.

More about Shutterstock

Shutterstock, Inc., listed on the NYSE under ticker SSTK, operates in the creative content and generative AI industry, providing stock images, metadata, data licensing, distribution and related services to businesses and creators worldwide. Its portfolio spans core content products and a growing Data, Distribution, and Services segment, supported by acquisitions such as Envato and partnerships for AI model training.

Average Trading Volume: 242,687

Technical Sentiment Signal: Strong Sell

Current Market Cap: $613.4M

Find detailed analytics on SSTK stock on TipRanks’ Stock Analysis page.