Revenue falls 17% to $221.8M; $173.7M goodwill impairment after Getty merger termination

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 29, 2025 · ~2 min read

Key Changes

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  Getty Images terminated the merger agreement on June 30, 2026, triggering a $173.7M goodwill impairment charge as Shutterstock's carrying value exceeded its fair value. The non-cash charge drove the operating loss for the quarter.

  Notes: Goodwill impairment verify on EDGAR →
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  Revenue declined 17% YoY to $221.8M in Q2 2026, reversing from 21% growth in Q2 2025. Content revenue fell 17% to $221.8M and Data/Distribution/Services revenue dropped 16% to $56.1M, both driven by weakness in new customer acquisition.

  MD&A: Revenue verify on EDGAR →
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  The company settled an FTC investigation into subscription enrollment and cancellation practices for $35M cash (paid June 2026) and agreed to implement disclosure and process changes. The settlement was not disclosed in the prior period.

  Notes: FTC settlement verify on EDGAR →