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Shutterstock SSTK Reportable Segment — Advertising costs

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Other financials

Income statement

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Revenue$221.8M-16.9%
Gross profit$128.0M-20.5%
Operating income-$155.2M-547%
Net income-$155.9M-630%
EPS (diluted)-$4.25-618%

Balance sheet

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Cash & equivalents$133.2M+14.4%
Total debt$286.8M-3.4%
Total equity$363.7M-38.0%
Total assets$1.1B-20.6%

Cash flow

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Operating cash flow$621.0K-97.7%
CapEx$10.1M-10.6%
Free cash flow-$9.5M-161%

Valuation

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Market cap$219.37M-68.8%
Enterprise value$372.95M-57.7%
P/S0.2×-0.4×

Profitability

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Gross margin56.9%-1.2pp
Operating margin-17.1%-24.6pp
Net margin6%+1.9pp
FCF margin10%+9.7pp

Returns & leverage

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Return on equity11%+3.9pp
Debt / equity0.8×+0.3×
Current ratio0.5×0.0×

Where this comes from

Reported directly by Shutterstock in its filing.

Tagged under the XBRL concept us-gaap:AdvertisingExpense.

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, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue$221,801$266,990$420,971$509,610
Less:
Technology costs19,75220,62339,90440,692
Advertising costs17,00221,76534,65043,428
Adjusted cost of revenue182,29594,861165,155184,293
Adjusted sales and marketing129,70534,01959,04864,541
Adjusted product and development114,54216,31030,57333,031
Adjusted general and administrative140,00344,681104,09398,693

Item 1. Financial Statements (Unaudited)

FAQ

What is Shutterstock's reportable segment — advertising costs?
Shutterstock (SSTK) reported reportable segment — advertising costs of $17M in Q2 2026.
How has Shutterstock's reportable segment — advertising costs changed year-over-year?
Shutterstock's reportable segment — advertising costs decreased by 21.9% year-over-year, from $21.77M to $17M.
What is the long-term trend for Shutterstock's reportable segment — advertising costs?
Over 3 years (2022 to 2025), Shutterstock's reportable segment — advertising costs has grown at a -3.6% compound annual growth rate (CAGR), from $97.19M to $86.97M.
What does reportable segment — advertising costs mean?
Reflects the total expenditure dedicated to marketing campaigns and promotional activities aimed at acquiring new customers and retaining existing ones within the segment. Monitoring this helps evaluate the cost-effectiveness of customer acquisition strategies relative to revenue growth.

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