UK regulator finds competition concerns in Getty-Shutterstock merger probe | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]- Companies[Getty Images Holdings Inc]Follow[Shutterstock Inc]FollowFeb 19 (Reuters) - Britain's competition watchdog said on Thursday it found competition concerns over the supply of editorial content in the UK, as part of its in-depth probe of the proposed merger between U.S.-based Getty Images [(GETY.N), ope ...

Shutterstock Issues Statement on CMA's Interim Report [Accessibility Statement] Skip NavigationNEW YORK, Feb. 19, 2026 /PRNewswire/ -- Shutterstock, a family of brands delivering scalable creative and GenAI solutions, today issued the following statement on the UK Competition and Markets Authority's (CMA) provisional decision:"We are pleased to see the CMA's progress with respect to the proposed merger between Shutterstock and Getty Images, particularly its provisional finding that the merger is not expecte ...

World Liberty Financial (CRYPTO: WLFI) surged 17% as Goldman Sachs (NYSE:GS) CEO David Solomon and NYSE President Lynn Martin spoke at the inaugural World Liberty Forum at Mar-a-Lago, signaling Wall Street’s embrace of tokenization.The Goldman RevelationSolomon revealed he owns “very little, but some” Bitcoin (CRYPTO: BTC) , describing himself as an observer still trying to understand how it moves. However, he dismissed the idea that traditional banks and crypto are locked in a zero-sum fight.“It’s one syst ...

Shutterstock (SSTK) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -36.19%. A quarter ago, it was expected that this online marketplace for royalty-free images and videos would post earnings of $1.47 per share when it actually produced earnings of $0.99, delivering a surprise of -32. ...

Revenue Projections - Total revenue for 2025 is projected to be $989.9 million, an increase of 5.8% from $935.3 million in 2024[17] - Content revenues are expected to reach $786.7 million in 2025, up from $760.0 million in 2024, representing a growth of 3.5%[17] - Data, Distribution, and Services revenues are anticipated to grow to $203.3 million in 2025, a significant increase of 16.0% from $175.3 million in 2024[17] Customer and Market Insights - Over 3.5 million customers in more than 150 countries licensed content, with 51% of revenue coming from North America, 27% from Europe, and 22% from the rest of the world in 2025[33] - The company has seen increased demand for access to its metadata for machine learning and generative AI model training, indicating a growing market for its Data, Distribution, and Services offerings[26] - The company has seen increased demand for monthly subscription products, which provide a fixed number of content licenses for a set period, enhancing creative freedom for users[36] Merger and Acquisition Activities - The merger agreement with Getty Images is set to provide cash consideration of $9.50 per share and 9.17 shares of Getty Images common stock for each share of Shutterstock common stock[20] - The merger is subject to customary closing conditions, including regulatory approvals, with the closing expected to result in Shutterstock's common stock being delisted from the NYSE[19] - The company is currently pursuing a merger with Getty Images, which presents risks such as potential delays in regulatory approvals and the possibility of incurring significant costs related to the merger[82] Competition and Market Risks - The company faces significant competition from various platforms, including Getty Images, AdobeStock, and AI tools like Midjourney and Dall-E, which may affect market share[72] - The company operates in a highly competitive industry with low barriers to entry, facing competition from both established companies and emerging technologies[98] - The company faces significant competition that may lead to variability in operating results and adversely affect financial condition due to competitors having greater resources[102] Financial and Operational Challenges - The company has incurred debt which may negatively impact its financing options and liquidity position[83] - The company’s operating results may fluctuate due to discretionary customer expenditures, which are influenced by economic conditions and industry-specific factors[74] - The company may need to raise additional funds for future acquisitions, which could lead to dilution of existing stockholders[130] Technology and Innovation - The company continues to invest in product development and cloud-based hosting infrastructure to improve customer experience and operational efficiency[32] - Investments in technology are critical for delivering user experiences and supporting scalable platforms, with ongoing improvements planned[51] - The company’s ability to innovate and develop new products is critical for maintaining competitive advantage in a rapidly evolving industry[82] Regulatory and Compliance Issues - The company is subject to evolving U.S. and foreign laws regarding privacy and data protection, including the GDPR, which imposes stringent operational requirements and significant penalties for non-compliance[63] - The California Consumer Privacy Act (CCPA) became effective in January 2020, with the California Privacy Rights Act (CPRA) extending its provisions in January 2023, impacting data collection practices[63] - The company is currently under investigation by the FTC regarding its disclosure and subscription enrollment practices, which could lead to significant monetary costs or penalties[189] Employee and Contributor Relations - The company has implemented a Total Rewards program to support employee growth and well-being, including competitive pay and benefits[71] - The company operates a contributor website in 23 languages, allowing contributors to create accounts, submit content, and receive feedback[38] - Contributors earn royalties based on a tiered earnings rate schedule tied to annual licensing volume, incentivizing high-quality submissions[42] Cybersecurity and Data Protection - The company faces risks related to cybersecurity incidents, which could expose it to liability and damage its reputation[83] - Cybersecurity incidents or failures to comply with data protection regulations could harm the company's reputation and lead to significant costs[164] - The evolving nature of cybersecurity threats necessitates ongoing investment in protective measures, with potential costs impacting financial performance[174] International Operations and Foreign Exchange - Approximately 59%, 55%, and 54% of the company's revenue for the years ended December 31, 2025, 2024, and 2023, respectively, was derived from customers located outside the United States[181] - The company faces significant foreign exchange risk, with operations in multiple currencies including the euro, British pound, Australian dollar, and Japanese yen, affecting reported financial results[184] - A decline in the value of foreign currencies against the U.S. dollar will reduce reported revenues, while an increase will have the opposite effect, impacting financial comparability across periods[185] Taxation and Financial Liabilities - The company is subject to risks related to payment processing, including potential increases in operating costs and compliance challenges[140] - The implementation of digital services taxes in various jurisdictions may lead to inconsistent tax regimes, impacting the company's financial condition[201] - The company has established reserves for additional income tax liabilities, but there is no assurance that these reserves will cover future liabilities[196]

EXHIBIT 99.1 Shutterstock Reports Full Year 2025 and Fourth Quarter Financial Results New York, NY - February 17, 2026 - Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced financial results for the full year and fourth quarter ended December 31, 2025. Commenting on the Company's performance, Paul Hennessy, the Company's Chief Executive Officer, said, "I'm thrilled to announce that Shutterstoc ...

compensation$ 14,605$ 12,962$ 15,625$ 17,884$ 15,110$ 15,094$ 14,976$ 11,150Depreciation and Amortization by expense categoryThree Months Ended($ in thousands)12/31/259/30/256/30/253/31/2512/31/249/30/246/30/243/31/24Cost of revenue$ 21,010$ 21,028$ 20,804$ 20,742$ 21,191$ 19,653$ 20,087$ 19,874General and administrative1,7251,8491,8071,9292,0961,9911,3461,389Total depreciation and amortization$ 22,735$ 22,877$ 22,611$ 22,671$ 23,287$ 21,644$ 21,433$ 21,263SOURCE Shutterstock, Inc.## 21%[more press release ...

Core Viewpoint - During turbulent market conditions, investors often seek dividend-yielding stocks, which typically have high free cash flows and provide substantial dividends to shareholders [1]. Group 1: Market Trends - Investors are increasingly turning to dividend-yielding stocks as a strategy during market uncertainty [1]. - High free cash flow companies are favored for their ability to reward shareholders with significant dividend payouts [1]. Group 2: Analyst Insights - The article highlights the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector [2]. - The identified stocks include Shutterstock Inc (NYSE:SSTK), Omnicom Group Inc (NYSE:OMC), and Comcast Corp (NASDAQ:CMCSA) [3].

Core Viewpoint - During turbulent market conditions, investors often seek dividend-yielding stocks, which typically have high free cash flows and provide substantial dividends to shareholders [1]. Group 1: Investment Strategy - Dividend-yielding stocks are favored by investors in uncertain market environments [1]. - Companies with high free cash flows are more likely to offer significant dividend payouts [1]. Group 2: Analyst Ratings - The article mentions the availability of analyst ratings for high-yielding stocks in the communication services sector [2]. - Specific companies highlighted include Shutterstock Inc, Omnicom Group Inc, and Comcast Corp [3].

Core Viewpoint - Kalshi CEO Tarek Mansour emphasizes the importance of preventing insider trading in prediction markets, arguing that it undermines trust and fairness, similar to stock markets where insider trading is prohibited [1][2]. Group 1: Insider Trading and Market Integrity - Mansour asserts that insider information can lead to more accurate prediction markets, but he counters this by highlighting that such practices erode trust, which is essential for the long-term health of an exchange [1][2]. - Kalshi has conducted over 200 investigations in the past year, resulting in account freezes and over a dozen active cases, some of which have been referred to law enforcement [2][3]. Group 2: Compliance and Strategic Enhancements - To strengthen its compliance framework, Kalshi has made five major strategic hires, including Daniel Taylor from the Wharton Forensic Analytics Lab and Brian Nelson, former Under Secretary of the Treasury for Terrorism and Financial Intelligence [4][5]. - An independent committee will provide quarterly reports on market integrity, and Kalshi is integrating Solidus Labs for advanced behavior monitoring tools [5]. Group 3: Regulatory Context and Industry Comparison - Kalshi operates under CFTC regulation, contrasting with many offshore prediction markets that lack U.S. oversight, which is why Mansour challenges the notion that insider trading is merely a form of faster price discovery [6]. - The debate on insider trading has been highlighted by contrasting views from other platforms, such as Polymarket, which has a more ambiguous stance on insider activity [7][8].