Shutterstock, Inc. (SSTK)
NYSECommunication ServicesInternet Content & InformationSnapshot 2026-09-04
$5.74-0.52%
Close 2026-09-04 · 1-day change
NYSECommunication ServicesInternet Content & InformationSnapshot 2026-09-04
QuarterlyIQ Insights · SSTK
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -73.9% |
| Our one-year growth estimate | diamond | -15.5% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 58.4 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 32 industry peers · Company calendar date is not available
SSTK — CEO transition
Dated 2026-07-13
Chief Executive Officer — Paul J. Hennessy: Paul J. Hennessy stepped down as CEO and Board member, with Rik Powell appointed as Interim Chief Executive Officer.
Why it matters: A big drop in revenue shows problems in the Content business. This affects investor trust.
Worry ifQ2 revenue down year over year worse than 18%.
Less concerning ifQ2 revenue stabilizes or grows year over year.
Why it matters: Stabilizing revenue is important after a big drop in Q1. This shows recovery.
Supportive ifQ2 revenue shows no decline or growth compared to Q1's $199.2 million.
Worry ifQ2 revenue declines further from Q1's $199.2 million.
Why it matters: A big drop would show problems in getting customers and making money.
Worry ifQ2 revenue from the Content business decreases more than 12% year over year.
Less concerning ifContent business revenue stays steady or grows each year.
Why it matters: Subscriber growth is key for revenue. Any positive trend could mean recovery.
Supportive ifSubscriber count increases in the next quarter, reversing the recent downward trend.
Worry ifSubscriber count continues to decline in the next quarter.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$279 on $10,000 · ±2.8% | How much price usually moves either way. |
| Bad day | $637 loss on $10,000 · 6.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $7,908 loss on $10,000 · 79.1% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: This target shows progress in cutting costs while revenues fall.
Supportive ifManagement says they completed the $60 million in cost cuts.
Worry ifOperating costs stay the same or go up, even with cost-cutting.
Why it matters: The result will affect Shutterstock's work. It may lead to fines or changes in how they operate.
Worry ifThe FTC finishes its investigation. It does not impose any penalties.
Less concerning ifThe FTC can impose fines. It can also require big changes in how a company operates.
Why it matters: Updates on the dividend may show changes in spending and financial health.
Watch forThe Board announces plans to reinstate the quarterly cash dividend.
Also watch forThe Board says the dividend will stay paused with no plans to restart it.
Why it matters: The CMA's choice will affect Shutterstock's plans and growth.
Watch forThe CMA shares a report that approves the merger without big conditions.
Also watch forThe CMA shares a report that rejects the merger or adds major conditions.
Why it matters: Better financial performance is important after a big drop in net income. It shows recovery potential.
Supportive ifQ2 net income shows a significant improvement from the previous quarter's loss of $47.57M.
Worry ifIf Q2 net income keeps declining or stays negative, it shows ongoing financial problems.
Why it matters: Stabilizing the executive team is key. It helps restore investor trust and focus.
Watch forA new permanent CEO and Chief Accounting Officer have been announced.
Also watch forThere are more executive departures. There are no new appointments.
Why it matters: A steady or growing subscriber count shows better success in gaining customers.
Supportive ifSubscriber count increases from 951,000 in Q2 2026 to above 1 million in the next quarter.
Worry ifSubscriber count continues to decline below 951,000 in the next quarter.
Why it matters: Better cash flow shows good use of money and financial flexibility.
Supportive ifAdjusted free cash flow increases above $28.5 million in the next quarter.
Worry ifAdjusted free cash flow decreases or remains below $28.5 million.