Shutterstock Non-GAAP EPS of $0.99 misses by $0.16, revenue of $260.1M beats by $4.5M

* Shutterstock press release [https://seekingalpha.com/pr/20294053-shutterstock-reports-third-quarter-2025-financial-results] (SSTK [https://seekingalpha.com/symbol/SSTK]): Q3 Non-GAAP EPS of $0.99 misses by $0.16.
* Revenue of $260.1M (+3.8% Y/Y) beats by $4.5M.
*
KEY OPERATING METRICS

Three Months Ended September 30,

Nine Months Ended September 30,

2025

20245

2025

20245

Subscribers (end of period)(1)

1,060,000

1,105,000

1,060,000

1,105,000

Subscriber revenue (in millions)(2)

$ 107.2

$ 113.1

$ 325.0

$ 344.9

Average revenue per customer (last twelve months)(3)

$ 279

$ 254

$ 279

$ 254

Paid downloads (in millions)(4)

111.7

112.3

345.2

330.9

Click to enlarge
* Shares +4%.

MORE ON SHUTTERSTOCK

* Shutterstock: Immense Upside Potential Exists Even If The Merger With Getty Images Fails [https://seekingalpha.com/article/4829780-shutterstock-immense-upside-potential-exists-even-if-the-merger-with-getty-images-fails]
* Shutterstock: Generative AI Disruptors Have Caused Deep Merger Arbitrage [https://seekingalpha.com/article/4819511-shutterstock-generative-ai-disruptors-have-caused-deep-merger-arbitrage]
* UK Regulator refers Shutterstock–Getty Images merger to phase 2 review [https://seekingalpha.com/news/4512864-uk-regulator-refers-shutterstockgetty-images-merger-to-phase-2-review]
* Shutterstock/Getty deal moves into phase 2 review in UK [https://seekingalpha.com/news/4505614-shutterstockgetty-deal-moves-into-phase-2-review-in-uk]
* Seeking Alpha’s Quant Rating on Shutterstock [https://seekingalpha.com/symbol/SSTK/ratings/quant-ratings]