Shutterstock (SSTK) AI Stock Analysis

• Market Cap: $769.79M
• Dividend Yield: 6.02%
• Average Volume (3M): 355.15K
• Price to Earnings (P/E): 12.0
• Beta (1Y): 1.28
• Revenue Growth: 13.06%
• EPS Growth: 66.19%
• Country: US
• Employees: 1,715
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): 0.37
• Shares Outstanding: 35,474,130
• 10 Day Avg. Volume: 449,594
• 30 Day Avg. Volume: 355,155
• PEG Ratio: -0.45
• Price to Book (P/B): 2.07
• Price to Sales (P/S): 1.15
• P/FCF Ratio: -73.60
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: $26.00 ▲(7.75% Upside)

Shutterstock's strong financial performance and attractive valuation are the primary drivers of its stock score. The company's robust cash flow and revenue growth, combined with a low P/E ratio and high dividend yield, make it an appealing investment. Technical indicators suggest a neutral trend with potential for upward movement, but no significant earnings call or corporate events data were available to influence the score further.

Positive Factors

Revenue Growth

Shutterstock's revenue growth, driven by its Data, Distribution, and Services business, highlights its ability to expand market reach and enhance product offerings, supporting long-term growth.

Cash Flow Performance

Robust cash flow performance ensures Shutterstock can fund growth initiatives and withstand economic fluctuations, strengthening its financial position.

Product Innovation

Integrating AI into its offerings enhances Shutterstock's competitive edge, attracting new customers and retaining existing ones, fostering sustainable growth.

Negative Factors

Operational Cost Pressures

Decreasing EBIT and EBITDA margins indicate rising operational costs, which could pressure profitability if not managed effectively over time.

Debt Increase

Rising debt levels may limit financial flexibility and increase risk, potentially impacting Shutterstock's ability to invest in growth opportunities.

Regulatory Challenges

The regulatory review of the Getty merger could delay strategic initiatives and create uncertainty, affecting Shutterstock's market positioning and growth plans.

Shutterstock Business Overview & Revenue Model

Company Description

Shutterstock, Inc. is a leading global provider of high-quality licensed photographs, vector graphics, illustrations, videos, and music tracks. Founded in 2003, the company operates primarily in the digital media sector and serves a diverse range of customers, including creative professionals, businesses, and marketers. Shutterstock's core products include a vast library of stock images, editorial content, and multimedia assets that cater to various industries, enabling users to visually enhance their projects.

How the Company Makes Money

Shutterstock generates revenue primarily through its subscription and on-demand licensing models. Customers can purchase credits to download images or subscribe to monthly plans offering a set number of downloads, which provides a steady revenue stream. Additionally, Shutterstock offers enterprise solutions for larger clients, which may include custom pricing and dedicated support. The company also earns income through partnerships with other platforms that integrate its content, as well as through its Shutterstock Custom service, which provides tailored content creation for brands. The diverse array of revenue streams, combined with a global customer base, contributes significantly to its overall earnings.

Shutterstock Financial Statement Overview

Summary

Shutterstock exhibits strong financial health with impressive revenue growth and profitability improvements. The balance sheet is stable with manageable leverage, and cash flow generation is particularly strong, supporting future growth and investment opportunities. While there are some operational cost pressures, the company's financial position remains solid.

Income Statement

Shutterstock has demonstrated strong revenue growth with a TTM increase of 9.41% and consistent gross profit margins around 58%. The net profit margin has improved to 6.36% in the TTM, indicating enhanced profitability. However, the EBIT and EBITDA margins have slightly decreased over the years, suggesting some operational cost pressures.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.51 in the TTM, reflecting a balanced leverage approach. Return on equity has improved to 11.83% in the TTM, showcasing effective utilization of equity. The equity ratio remains stable, indicating a solid financial structure, though there has been an increase in total debt compared to previous years.

Cash Flow

Shutterstock's cash flow performance is robust, with a significant free cash flow growth rate of 4717.64% in the TTM. The operating cash flow to net income ratio is healthy, indicating strong cash generation relative to earnings. The free cash flow to net income ratio has improved, reflecting efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.02B	935.26M	874.59M	827.83M	773.41M	666.69M
Gross Profit	598.14M	538.97M	521.96M	513.52M	495.76M	407.11M
EBITDA	149.00M	160.74M	204.05M	160.84M	153.57M	126.63M
Net Income	60.09M	35.93M	110.27M	76.10M	91.88M	71.77M
Balance Sheet
Total Assets	1.38B	1.31B	1.04B	881.18M	851.71M	729.64M
Cash, Cash Equivalents and Short-Term Investments	165.54M	111.25M	100.49M	115.15M	314.02M	428.57M
Total Debt	136.50M	310.79M	59.40M	85.61M	36.97M	41.62M
Total Liabilities	781.24M	790.81M	508.92M	433.70M	383.23M	307.72M
Stockholders Equity	594.36M	518.35M	527.09M	447.48M	468.48M	421.93M
Cash Flow
Free Cash Flow	96.98M	-14.57M	95.91M	98.33M	179.37M	136.47M
Operating Cash Flow	138.44M	32.65M	140.55M	158.45M	216.37M	165.07M
Investing Cash Flow	-47.49M	-166.17M	-54.32M	-275.55M	-250.44M	-35.31M
Financing Cash Flow	-58.73M	150.10M	-102.70M	-79.49M	-77.72M	-4.59M

Shutterstock Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 24.13
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSTK, the sentiment is Negative. The current price of 24.13 is below the 20-day moving average (MA) of 24.26, above the 50-day MA of 22.38, and above the 200-day MA of 20.34, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 41.36 is Neutral, neither overbought nor oversold. The STOCH value of 9.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SSTK.

Shutterstock Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSTK	74 Outperform	$769.79M	12.03	10.76%	6.02%	13.06%	66.19%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
ANGI	58 Neutral	$489.76M	15.32	3.42%	―	-13.14%	17.25%
NXDR	51 Neutral	$698.11M	―	-14.07%	―	6.65%	50.32%
SMWB	49 Neutral	$695.77M	―	-123.81%	―	16.06%	-134.90%
GRPN	48 Neutral	$731.55M	―	―	―	-0.76%	-635.75%
GETY	47 Neutral	$734.22M	―	-18.24%	―	4.43%	-399.14%

Shutterstock Corporate Events

Shutterstock Reports Q3 2025 Revenue Growth Amid Merger Plans

Shutterstock reported its financial results for the third quarter of 2025, highlighting a 4% increase in revenue to $260.1 million compared to the same period in 2024. The growth was driven by a 40% increase in revenue from its Data, Distribution, and Services segment, despite a decline in Content revenue. The company’s net income decreased due to expenses related to a proposed merger with Getty Images and increased taxes, although adjusted EBITDA improved by 13%. The company remains committed to the merger with Getty Images, working with UK regulatory authorities to secure necessary approvals.

The most recent analyst rating on (SSTK) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Shutterstock stock, see the SSTK Stock Forecast page.

Shutterstock’s Getty Merger Faces CMA Phase 2 Review

On November 3, 2025, Shutterstock announced that the UK’s Competition and Markets Authority (CMA) has referred its proposed merger with Getty Images to a Phase 2 review process. Despite Getty Images offering remedies to avoid this, Shutterstock remains committed to the merger and will continue to engage with the CMA to secure necessary clearances, which could impact its market positioning and stakeholder interests.

The most recent analyst rating on (SSTK) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Shutterstock stock, see the SSTK Stock Forecast page.

Shutterstock Faces CMA Review for Getty Merger

On October 20, 2025, Shutterstock announced that the UK’s Competition and Markets Authority (CMA) plans to refer its proposed merger with Getty Images to a Phase 2 review unless competition concerns are addressed. Despite this regulatory hurdle, Shutterstock is determined to proceed with the merger and is actively engaging with the CMA and Getty Images to secure the necessary clearances, highlighting its commitment to the transaction and its potential impact on the company’s strategic positioning in the market.

The most recent analyst rating on (SSTK) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Shutterstock stock, see the SSTK Stock Forecast page.

Shutterstock and Getty Images Waive Debt Condition

On January 6, 2025, Shutterstock, Inc. entered into a merger agreement with Getty Images Holdings, Inc., aiming for a merger-of-equals transaction. The companies agreed on September 18, 2025, to waive the condition requiring Getty Images to amend or refinance its existing debt, facilitating the merger’s progression.

The most recent analyst rating on (SSTK) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Shutterstock stock, see the SSTK Stock Forecast page.

Shutterstock Reports Strong Q2 2025 Earnings Growth

Shutterstock, Inc. is a global creative platform that connects brands and businesses with high-quality content, primarily operating in the digital media industry. It offers a wide range of content including images, footage, music, and 3D models, supported by a large contributor network.