Open an account

Shutterstock

SSTK · NYSE

$4.61+$0.15 (+3.36%)TodayMarket closed ·
Prev close $4.46

SSTK analyst rating

This isn't available right now. Refresh to try again.

The case for and against

Updated Nov 21, 2025

Bull case

Shutterstock Inc. has demonstrated strong financial performance, with content revenue increasing 17% year-over-year to reach $202.9 million, significantly bolstered by the acquisition of Envato. The company has also experienced impressive growth in its subscription revenue, which rose 31% year-over-year, contributing $109.9 million to overall revenues. Notably, the number of paid downloads surged by 245% year-over-year, reaching 120.9 million, reflecting a growing demand for its digital content offerings, despite a decline in revenue per download.

Bear case

Shutterstock Inc has experienced a decline in organic content revenue, attributed to weakening demand and challenges in new customer acquisition, which is further underscored by a year-over-year reduction of approximately $3 million in sales and marketing expenditures. The company reported an Adjusted EBITDA of $63.4 million, reflecting a margin of 26.1%, which fell 5% below market consensus expectations. Additionally, revenue from its Data, Distribution, and Services segment also decreased 1.9% year-over-year, reaching $39.7 million, indicating broader challenges in revenue generation across its business lines.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.