Shutterstock, Inc. appointed Timothy Adams, Matthew Salzberg, and Michael Thompson to its Board of Directors effective September 8, 2026. Adams serves as CFO of Validity Inc., Salzberg is co-founder and Chairman of Unlimited and founder of Blue Apron, and Thompson is Managing Partner of Reinvent Capital. The new directors were designated as Class II or III with terms expiring at the 2026 or 2027 annual meetings respectively. Shutterstock operates in the digital content and generative AI industry, providing licensable assets, training datasets, and creative solutions to businesses.

Shutterstock reported a net loss of $155.9 million for the second quarter ended June 30, 2026, compared to net income of $29.4 million in the prior year period. The results included a $173.7 million non-cash goodwill impairment charge following the termination of its proposed merger with Getty Images. Revenue declined 17% to $221.8 million, driven by weakness in new customer acquisition within the Content segment. Adjusted net income was $30.0 million, and adjusted EBITDA fell 21% to $65.1 million. The company announced it will not host a scheduled conference call or issue guidance for the remainder of 2026 while refining its long-term strategy. Shutterstock operates in the digital content and creative solutions industry, providing licensable assets, data licensing, and AI services.

Shutterstock, Inc. announced that its Board of Directors resolved on July 20, 2026, to suspend all future quarterly cash dividends to prioritize debt reduction, minimizing interest expense, and strengthening financial flexibility. Additionally, Chief Accounting Officer Steven Ciardiello notified the company of his resignation, effective August 28, 2026, following a transition period; the resignation was not due to any disagreement regarding company operations or policies. Shutterstock is a provider of creative and GenAI solutions through a global network of licensable assets.

Paul J. Hennessy stepped down as CEO and Board member effective July 12, 2026, with Rik Powell, the current CFO, appointed as Interim CEO. Powell's interim appointment includes $75,000 monthly cash compensation and a $450,000 restricted stock unit grant. The company is also engaging a strategic advisor to assist with strategy formulation following the termination of its merger agreement with Getty Images. Shutterstock, Inc. is a visual media company providing stock imagery and content services.

Shutterstock, Inc. terminated its Merger Agreement with Getty Images Holdings, Inc. following the U.K. Competition and Markets Authority's requirement to sell the Company's editorial business. Getty Images' Board of Directors decided not to proceed with the sale of the editorial business and subsequently terminated the merger. Shutterstock, Inc. operates in the digital content and stock imagery industry through its platform for licensing and selling creative assets.

Getty Images Holdings, Inc. and Shutterstock, Inc. have decided to terminate the Merger Agreement originally entered into on January 6, 2025, after the U.K. Competition and Markets Authority conditioned merger clearance on the sale of Shutterstock's editorial business. Getty Images' Board of Directors resolved not to proceed with the sale of the editorial business and will terminate the merger following the passage of the Second Extended End Date on July 6, 2026. Shutterstock, Inc. is a provider of stock photography, video, and music licensing services.