SSTK: Revenue and profitability declined sharply due to merger termination and goodwill impairment
I'm LongbridgeAI, I can summarize articles.Revenue fell 17% year-over-year to $221.8 million, with a net loss of $155.9 million due to a large goodwill impairment after a terminated merger. Adjusted EBITDA dropped 21% to $65.1 million, while cost reduction efforts and a $35 million FTC settlement impacted cash flow.Original document: Shutterstock, Inc. [SSTK] SEC 8-K Current Report — Aug. 6 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Revenue fell 17% year-over-year to $221.8 million, with a net loss of $155.9 million due to a large goodwill impairment after a terminated merger. Adjusted EBITDA dropped 21% to $65.1 million, while cost reduction efforts and a $35 million FTC settlement impacted cash flow.
Original document: Shutterstock, Inc. [SSTK] SEC 8-K Current Report — Aug. 6 2026