Shutterstock

Shutterstock, Inc. (NYSE: SSTK), is a leading global provider of high-quality licensed photographs, vectors, illustrations, videos and music to businesses, marketing agencies and media organizations around the world. Working with its growing community of over 60,000 contributors, Shutterstock adds tens of thousands of images each week, and currently has more than 40 million images and 2 million video clips available.

Headquartered in New York City, with offices in Amsterdam, Berlin, Chicago, Denver, London, Paris and San Francisco, Shutterstock has customers in more than 150 countries. 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.

Company Growth (employees)

Type

Public

New York, US

Size (employees)

858 (est)+37%

Website

shutterstock.com

Shutterstock is headquartered in New York, US

Key People at Shutterstock

Jon Oringer

Founder/CEO

Victor Alemany

QA Engineer

Shutterstock Office Locations

Shutterstock has offices in New York, Amsterdam, Berlin, Hamburg and in 14 other locations

New York, US (HQ)

350 Fifth Avenue, 21st Floor

Amsterdam, NL

495 Herengracht

Shutterstock Data and Metrics

Shutterstock Financial Metrics

Shutterstock's revenue was reported to be $494.3 m in FY, 2016 which is a 16% increase from the previous period.

Summary

Numbers are in $, USD

Shutterstock's current market capitalization is $1.6 b.

Income Statement

Numbers are in $, USD

Numbers are in $, USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	235.5 m	328 m	425.1 m	494.3 m
Revenue growth, %		39%	30%	16%
Cost of goods sold	26.1 m	64.7 m	47.9 m	52.6 m
Gross profit	209.4 m	263.3 m	377.2 m	441.7 m
Gross profit Margin, %	89%	80%	89%	89%
Operating expense total	101.6 m	159.3 m	209.6 m	117 m
EBIT	43.3 m	38.6 m	41 m	13.2 m
EBIT margin, %	18%	12%	10%	3%
Pre tax profit	12.5 m	21.8 m	11.7 m	12 m
Income tax expense	16.9 m	16.1 m	14.7 m	2.2 m
Net Income	26.4 m	22 m	19.6 m	32.6 m

Balance Sheet

Numbers are in $, USD

Numbers are in $, USD	Y, 2009	Y, 2010	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	FY, 2016
Cash	4.9 m	6.5 m	14.1 m	102.1 m	155.4 m	233.5 m	241.3 m	224.2 m
Accounts Receivable					6.1 m	15.3 m	25.7 m	38.1 m
Inventories					19.8 m	12.1 m	11.7 m	22.6 m
Current Assets					243.2 m	323.5 m	335.7 m	339.8 m
PP&E					20.3 m	26.7 m	32.1 m	56.1 m
Goodwill					1.4 m	10.2 m	50.9 m	49.3 m
Total Assets					278.5 m	383.8 m	469.1 m	501.8 m
Accounts Payable					4.2 m	5.3 m	6.8 m	7.3 m
Current Liabilities					91.9 m	120.3 m	160.8 m	203.5 m
Additional Paid-in Capital					127.4 m	174.8 m	213.9 m	251.9 m
Retained Earnings							96.4 m	129.1 m
Total Equity							288.6 m	286.7 m
Financial Leverage							1.6 x	1.8 x

Cash Flow

Numbers are in $, USD

Numbers are in $, USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	26.5 m	22.1 m	19.6 m	32.6 m
Depreciation and Amortization	3.9 m	7.9 m	14.8 m	19.9 m
Accounts Receivable	(4.9 m)	(9.7 m)	(11 m)	(13 m)
Accounts Payable	10.4 m
Cash From Operating Activities	56.4 m	82.9 m	85.3 m	101.1 m
Capital Expenditures	(14.1 m)	(18 m)	(14 m)	(40 m)
Cash From Investing Activities	(70.1 m)	(29 m)	(71.8 m)	(57.2 m)
Cash From Financing Activities	67 m	24.9 m	(4.1 m)	(53.5 m)
Interest Paid	34 k	34 k
Income Taxes Paid	14.2 m	254 k	14.5 m	19.2 m
Free Cash Flow	70.4 m	100.8 m	99.3 m	141.1 m

Ratios

	Y, 2016
Financial Leverage	1.8 x

Shutterstock Operating Metrics

Shutterstock's Customers was reported to be 1.7 m in Q1, 2017

	Q1, 2014	Q2, 2014	Q3, 2014	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017
Customers	900 k	1 m	1 m	1.2 m	1.2 m	1.3 m	1.4 m	1.4 m	1.5 m	1.5 m	1.6 m	1.6 m	1.7 m
Content Contributors	50 k	60 k	60 k	65 k	70 k	75 k	80 k	95 k	120 k	130 k	160 k	190 k	190 k
Images in Collection	35.4 m	38.8 m	42.7 m	46.8 m	51.6 m	57.2 m	63.7 m	71.4 m	81 m	92.1 m	102.7 m	116.2 m	132 m
Paid Downloads	29.7 m	31.5 m	31.2 m	125.9 m	33.4 m	35.9 m	38.1 m	147.2 m	41.2 m	43.4 m	41.2 m	167.9 m	43.5 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
Video Clips			2 m	2 m	2 m	2 m	3 m	3.5 m	4 m	4 m	5.4 m		6.9 m
Images and Video Clips												180 m

Shutterstock Market Value History

Shutterstock Revenue Breakdown

Shutterstock Job Categories

Shutterstock Median Salaries

Source: 72 public H-1B filings from Shutterstock

Market Position of Shutterstock

Competitors

Revenue (FY, 2016)	494.3 m
Revenue growth (FY, 2015 - FY, 2016), %	16%
Gross profit (FY, 2016)	441.7 m
Gross profit margin (FY, 2016), %	89%
Net income (FY, 2016)	32.6 m
EBIT (FY, 2016)	13.2 m
Market capitalization (21-Jun-2017)	1.6 b
Closing share price (21-Jun-2017)	44.3
Cash (31-Dec-2016)	224.2 m

Shutterstock

Company Growth (employees)

Key People at Shutterstock

Jon Oringer

Victor Alemany

Shutterstock Office Locations

Shutterstock Data and Metrics

Shutterstock Financial Metrics

Summary

Revenue (FY, 2016)

Revenue growth (FY, 2015 - FY, 2016), %

Gross profit (FY, 2016)

Gross profit margin (FY, 2016), %

Net income (FY, 2016)

EBIT (FY, 2016)

Market capitalization (21-Jun-2017)

Closing share price (21-Jun-2017)

Cash (31-Dec-2016)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

Operating expense total

EBIT

EBIT margin, %

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Accounts Receivable

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Receivable

Accounts Payable

Cash From Operating Activities

Capital Expenditures

Cash From Investing Activities

Cash From Financing Activities

Interest Paid

Income Taxes Paid

Free Cash Flow

Ratios

Financial Leverage

Shutterstock Operating Metrics

Customers

Content Contributors

Images in Collection

Paid Downloads

Revenue per Download

Video Clips

Images and Video Clips

Shutterstock Market Value History

Shutterstock Revenue Breakdown

Shutterstock Job Categories

Shutterstock Median Salaries

Market Position of Shutterstock

Competitors

Shutterstock Online and Social Media Presence

Shutterstock News and Updates

Shutterstock Company Life and Culture

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