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Shutterstock SSTK Reportable Segment — Adjusted product and development
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Where this comes from
Reported directly by Shutterstock in its filing.
Tagged under the XBRL concept sstk:AdjustedProductAndDevelopmentExpense.
The source filing: Shutterstock’s 10-Q, filed August 7, 2026.
- Filed
- Aug 7, 2026, 1:38 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001549346-26-000029
| (in thousands) | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Advertising costs | 17,002 | 21,765 | 34,650 | 43,428 |
| Adjusted cost of revenue1 | 82,295 | 94,861 | 165,155 | 184,293 |
| Adjusted sales and marketing1 | 29,705 | 34,019 | 59,048 | 64,541 |
| Adjusted product and development1 | 14,542 | 16,310 | 30,573 | 33,031 |
| Adjusted general and administrative1 | 40,003 | 44,681 | 104,093 | 98,693 |
| Goodwill impairment | 173,738 | — | 173,738 | — |
| Total operating expenses | 377,037 | 232,259 | 607,161 | 464,678 |
| (Loss) / Income from operations | (155,236) | 34,731 | (186,190) | 44,932 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Shutterstock's reportable segment — adjusted product and development?
- Shutterstock (SSTK) reported reportable segment — adjusted product and development of $14.54M in Q2 2026.
- How has Shutterstock's reportable segment — adjusted product and development changed year-over-year?
- Shutterstock's reportable segment — adjusted product and development decreased by 10.8% year-over-year, from $16.31M to $14.54M.
- What is the long-term trend for Shutterstock's reportable segment — adjusted product and development?
- Over 3 years (2022 to 2025), Shutterstock's reportable segment — adjusted product and development has grown at a 2.4% compound annual growth rate (CAGR), from $60.4M to $64.82M.
- What does reportable segment — adjusted product and development mean?
- Captures the normalized costs associated with researching, designing, and engineering new product features or platform enhancements. It reflects the company's commitment to innovation and maintaining a competitive edge in the digital content marketplace.
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