Shutterstock Non-GAAP EPS of $0.58 misses by $0.38, revenue of $199.2M misses by $22.26M

* Shutterstock press release [https://seekingalpha.com/pr/20489865-shutterstock-reports-first-quarter-2026-financial-results] (SSTK [https://seekingalpha.com/symbol/SSTK]): Q1 Non-GAAP EPS of $0.58 misses by $0.38.
* Revenue of $199.2M (-17.9% Y/Y) misses by $22.26M.
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Revenue from our Content product offering decreased by $24.8 million, or 12%, as compared to the first quarter of 2025, to $178.1 million. The reduction in our Content revenue was driven primarily by weakness in new customer acquisition. Content revenue represented 89% of our total revenue in the first quarter of 2026.

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Revenue generated from our Data, Distribution, and Services product offering decreased by $18.7 million, or 47%, as compared to the first quarter of 2025, to $21.0 million, and represented 11% of first quarter revenue in 2026. Revenue recognition in our data offering may vary from quarter-to-quarter based on the delivery timing of metadata licenses.

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* Shutterstock: Surviving In An AI World Is Going To Be Tough [https://seekingalpha.com/article/4886562-shutterstock-surviving-in-an-ai-world-is-going-to-be-tough]
* UK wants Shutterstock to sell editorial side in Getty deal [https://seekingalpha.com/news/4575787-uk-wants-shutterstock-to-sell-editorial-side-in-getty-deal]
* Shutterstock expands licensed content offering for AI training use [https://seekingalpha.com/news/4566462-shutterstock-expands-licensed-content-offering-for-ai-training-use]
* Seeking Alpha’s Quant Rating on Shutterstock [https://seekingalpha.com/symbol/SSTK/ratings/quant-ratings]
* Historical earnings data for Shutterstock [https://seekingalpha.com/symbol/SSTK/earnings]