Shutterstock
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Shutterstock

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    • RetailTechnologycontent providerecommercemarketplacephotography

    Shutterstock is a stock photography agency providing photographs, illustrations, vectors, videos and music to businesses, marketing agencies, media organizations and individuals around the world. The Company also owns Bigstock, a value-oriented stock media agency; Offset, a high-end image collection; Skillfeed, an online marketplace for learning; and WebDAM, a cloud-based digital asset management service for businesses.

    Revenue(FY, 2016)
    $494.3 M
    Market capitalization(2018-05-15)
    $1.6 B
    Customers(Q3, 2017)
    1.7 M
    Type
    Public
    HQ
    New York, US
    Founded
    2003
    Size (employees)
    858 (est)
    Website
    shutterstock.com
    Shutterstock was founded in 2003 and is headquartered in New York, US
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    Shutterstock Office Locations

    Shutterstock has offices in Seattle, Los Angeles, Paris, Austin and in 16 other locations
    New York, US (HQ)
    350 Fifth Avenue, 21st Floor
    Amsterdam, NL
    495 Herengracht
    Show all (20)
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    Shutterstock Financials and Metrics

    Shutterstock Financials

    Shutterstock's revenue was reported to be $494.32 m in FY, 2016 which is a 16.3% increase from the previous period.
    USD

    Revenue (Q1, 2018)

    		153 m

    Gross profit (Q1, 2018)

    		88.5 m

    Gross profit margin (Q1, 2018), %

    		57.9%

    Net income (Q1, 2018)

    		32.6 m

    EBIT (Q1, 2018)

    		4.5 m

    Market capitalization (15-May-2018)

    		1.6 b

    Closing share price (15-May-2018)

    		45.2

    Cash (31-Mar-2018)

    		284.9 m
    Shutterstock's current market capitalization is $1.6 b.
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Revenue

    		235.5 m328 m425.1 m494.3 m

    Revenue growth, %

    		39%30%16%

    Cost of goods sold

    		90.6 m130 m174.5 m203.1 m

    Gross profit

    		144.9 m197.9 m250.6 m291.2 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

    Revenue

    		59.6 m72.8 m80.2 m83.7 m97.5 m104.4 m107.3 m116.7 m124.4 m123.1 m130.2 m134 k153 m

    Cost of goods sold

    		22.9 m29.1 m32 m33.3 m39.5 m42.5 m44.5 m48.1 m52.2 m50.2 m52.4 m57.3 k64.5 m

    Gross profit

    		36.6 m43.7 m48.2 m50.5 m58 m61.8 m62.7 m68.6 m72.2 m72.9 m77.8 m76.7 k88.5 m

    Gross profit Margin, %

    		61%60%60%60%59%59%59%59%58%59%60%57%58%
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Cash

    		155.4 m233.5 m241.3 m224.2 m

    Accounts Receivable

    		6.1 m15.3 m25.7 m38.1 m

    Prepaid Expenses

    		19.8 m12.1 m11.7 m22.6 m

    Current Assets

    		243.2 m323.5 m335.7 m339.8 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

    Cash

    		195.5 m158 m180.9 m210.8 m190.5 m211.5 m229.6 m220.6 m210.9 m238 m195.4 m210.6 k284.9 m

    Accounts Receivable

    		5.5 m8.1 m11.1 m12.9 m22.7 m23.7 m25.6 m30.4 m33.3 m34.1 m38 m38.2 k44.6 m

    Prepaid Expenses

    		22.5 m19.8 m14.5 m12.7 m14 m12.4 m12.1 m18.2 m16.6 m28 m29.2 k

    Current Assets

    		233.4 m250.5 m274 m296.6 m289.7 m313.4 m330.2 m329.3 m328.8 m351.9 m316.3 m332.9 k363 m
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    		26.5 m22.1 m19.6 m32.6 m

    Depreciation and Amortization

    		3.9 m7.9 m14.8 m19.9 m

    Accounts Payable

    		10.4 m10 m2.2 m10.8 m

    Cash From Operating Activities

    		56.4 m82.9 m85.3 m101.1 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

    Net Income

    		18.6 m4.9 m9.8 m15.1 m3.2 m8.6 m12.7 m6.1 m13.4 m22.8 m6.6 m9.7 k32.6 m

    Depreciation and Amortization

    		2.7 m1.6 m3.6 m5.8 m3 m6.5 m10.4 m4.2 m9 m14.2 m7 m14.7 k10.9 m

    Accounts Payable

    		6 m2.2 m6.6 m8 m2.3 m1.7 m3.7 m1.3 m4.6 m15.5 m362 k5 k

    Cash From Operating Activities

    		32.5 m15.6 m36.8 m59.5 m21.5 m40.1 m59.4 m23 m41.6 m76.7 m17.2 m40.4 k21.1 m
    show all
    USDY, 2018

    Financial Leverage

    		1.7 x
    Show all financial metrics

    Shutterstock Operating Metrics

    Shutterstock's Customers was reported to be 1.7 m in Q3, 2017.
    Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

    Customers

    		900 k1 m1 m1.20 m1.20 m1.30 m1.40 m1.40 m1.50 m1.50 m1.60 m1.60 m1.70 m1.70 m1.70 m

    Images and Video Clips

    		180 m

    Images in Collection

    		35.40 m38.80 m42.70 m46.80 m51.60 m57.20 m63.70 m71.40 m81 m92.10 m102.70 m116.20 m132 m144.70 m150 m

    Revenue per Download

    		$2.45 $2.52 $2.65 $2.58 $2.87 $2.85 $2.76 $2.84 $2.77 $2.81 $2.91 $2.88 $2.91 $3.05 $3.23
    Show all operating metrics

    Shutterstock Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    Flashstock June 27, 2017$65 m
    Rex Features (Holdings) Ltd.
    Rex Features Ltd.
    Shutterstock Brazil Servicos de Imagem Ltda.
    Shutterstock (France) SAS
    Shutterstock GmbH
    Shutterstock Images Canada ULC
    Shutterstock Images C.V.
    Shutterstock International Services EMEA (UK) Ltd.
    Shutterstock Italy Srl
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    Competitors

    Pond5
    Technology - Private
    Fotolia
    Entertainment & Publishing - Subsidiary
    500px
    Technology - Subsidiary
    123RF
    Technology - Private
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    Shutterstock News and Updates

    May 18, 2018

    Maryland man with two birthdays played the lottery with both and won $1.9 million jackpot

    An unnamed 79-year-old from Gaithersburg, Maryland has two different dates of birth due to a paperwork mistake when he was born. He considers the two dates to be his lucky numbers and has played both in the lottery. In the May 7 Multi-Match drawing, he won a massive $1.9 million jackpot after play…
    May 17, 2018

    A vape pen killed a 38-year-old man — and it's a type of e-cig that's wildly popular among one group of vapers

    In the first recorded US death from a vape pen, a 38-year-old man in Florida has died after an e-cigarette exploded, pierced his skull, and set a room on fire. The type of pen that Tallmadge Wakeman D'Elia, or "Wake," was using is called a mechanical mod, or "mech mod." It's a device that's popula…
    May 17, 2018

    IBM’s Watson integrates Shutterstock to make photos, videos, and music easier to find

    Shutterstock is enlisting the help of IBM’s Watson AI technology to make it easier for marketers to find images, videos, and music tracks. The company announced today that its library of more than 200 million assets will become available in July through the Watson Content Hub, a cloud-based manageme…
    May 16, 2018

    There's even more evidence that a drug derived from marijuana offers a significant health benefit (GWPH)

    A drug derived from marijuana to treat epilepsy is on the brink of becoming the first of its kind to win US government approval. The drug, called Epidiolex, contains a compound in cannabis that is not responsible for a high called CBD. In its third positive clinical trial, the drug appeared to red…
    May 16, 2018

    A 25-year-old landed behind bars after pretending to be a 17-year-old high school student

    Sidney Bouvier Gilstrap-Portley, 25, was arrested Friday after posing as a 17-year-old student at two separate Dallas high schools. School district officials believe Gilstrap-Portley enrolled in an attempt to revive his basketball career. Gilstrap-Portley, who has since posted bond, allegedly date…
    May 15, 2018

    A best-selling author tried LSD, shrooms, and DMT — and wrote about all 3 psychedelic trips

    In his new book, "How to Change Your Mind," best-selling author Michael Pollan writes about psychedelic drugs from his own personal experience. Pollan experiments with LSD (acid), psilocybin (magic mushrooms), and DMT. Scientific research on psychedelics has picked up speed in recent years and may…
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