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High materiality7/10

Shutterstock Q3 2026: impairment weighs on results; CFO departure

Nov 5, 2026, 7:21 AM EST1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Sharp quarterly deterioration, large goodwill impairment, and a CFO departure suggest near-term price downside. Incremental positives rely on successful cost-cutting and a rebound in Data Licensing; otherwise, multiple negative earnings offsets could keep SSTK under pressure.

AI summary

What happened, with direct paths to the underlying reporting

Shutterstock reported a weak Q3 2026 with revenue down 33% and a large goodwill impairment. Management cut operating expenses and target $60 million annualized savings, while announcing a CFO departure. With Content headwinds and volatile Data Licensing, near-term profitability remains pressured despite AI-enabled growth opportunities for the longer term.

Q3 2026 revenue $173.9M, down 33% YoY.
Net loss $197.8M; includes $195.6M impairment.
Content revenue $158.1M, 91% of total; Data/Services $15.8M.
Cash & equivalents $110.5M; operating cash flow $18.3M.
CFO Rik Powell to depart; Scott Grossman interim CFO.

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