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Shutterstock (SSTK) investor relations material

Shutterstock Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary29 Jul, 2025

Executive summary

  • Revenue for Q2 2025 reached a record $267.0 million, up 21% year-over-year, driven by the Envato acquisition and growth in data offerings.

  • Net income rose sharply to $29.4 million from $3.6 million, with EPS at $0.82 versus $0.10.

  • The merger with Getty Images was approved by shareholders and awaits regulatory and closing conditions, with $8.7 million in related professional fees incurred.

  • Envato and Backgrid acquisitions expanded content and editorial offerings, contributing to revenue and subscriber growth.

  • Subscriber count more than doubled year-over-year to 1,073,000.

Financial highlights

  • Q2 2025 revenue: $266.99 million, up from $220.05 million in Q2 2024 (21% increase).

  • Net income: $29.4 million, up 712% year-over-year; diluted EPS: $0.82 vs. $0.10.

  • Adjusted EBITDA margin improved to 30.8% from 28.2% year-over-year.

  • Content revenue grew 18% to $199.8 million; Data, Distribution, and Services revenue rose 34% to $67.2 million.

  • Adjusted net income was $42.9 million, up from $35.9 million; adjusted EPS rose to $1.19 from $1.00.

Outlook and guidance

  • Management expects cost of revenue and sales/marketing expenses to fluctuate in line with revenue and ongoing investments.

  • Effective tax rate may fluctuate with international expansion and discrete items; new tax legislation (OBBBA) under evaluation.

  • Non-GAAP measures such as adjusted EBITDA and adjusted net income are expected to remain key performance indicators.

  • No financial guidance provided due to pending merger.

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Frequently asked questions

Shutterstock, Inc. provides content, and creative workflow solutions in North America, Europe, and internationally. It offers digital imagery services, which include licensed photographs, vectors, illustrations, and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and commercial music services comprising music tracks and sound effects that are used to complement digital imagery. The company was founded in 2003 and is headquartered in New York, New York.

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