Shutterstock

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.

Company Growth (employees)
Type
Public
HQ
New York, US
Founded
2003
Size (employees)
858 (est)
Shutterstock was founded in 2003 and is headquartered in New York, US

Key People/Management at Shutterstock

Jonathan Oringer

Jonathan Oringer

Founder/CEO
Steven Berns

Steven Berns

Chief Financial Officer
Martin Brodbeck

Martin Brodbeck

Chief Technology Officer
Jeffrey Weiser

Jeffrey Weiser

Chief Marketing Officer
Steven Ciardiello

Steven Ciardiello

Chief Accounting Officer

Shutterstock Office Locations

Shutterstock has offices in New York, Amsterdam, Berlin, Hamburg and in 17 other locations
New York, US (HQ)
350 Fifth Avenue, 21st Floor
Amsterdam, NL
495 Herengracht
Show all (20)

Shutterstock Financials and Metrics

Shutterstock Financials

Shutterstock's revenue was reported to be $134 k in Q2, 2017
USD

Revenue (Q2, 2017)

134 k

Gross profit (Q2, 2017)

76.7 k

Gross profit margin (Q2, 2017), %

57%

Net income (Q2, 2017)

3.1 k

EBIT (Q2, 2017)

3.3 k

Market capitalization (17-Oct-2017)

1.2 b

Cash (30-Jun-2017)

210.6 k
Shutterstock's current market capitalization is $1.2 b.
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
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

72.8 m80.2 m83.7 m97.5 m104.4 m107.3 m116.7 m124.4 m123.1 m130.2 m134 k

Cost of goods sold

29.1 m32 m33.3 m39.5 m42.5 m44.5 m48.1 m52.2 m50.2 m52.4 m57.3 k

Gross profit

43.7 m48.2 m50.5 m58 m61.8 m62.7 m68.6 m72.2 m72.9 m77.8 m76.7 k

Gross profit Margin, %

60%60%60%59%59%59%59%58%59%60%57%
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
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

158 m180.9 m210.8 m190.5 m211.5 m229.6 m220.6 m210.9 m238 m195.4 m210.6 k

Accounts Receivable

8.1 m11.1 m12.9 m22.7 m23.7 m25.6 m30.4 m33.3 m34.1 m38 m38.2 k

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

250.5 m274 m296.6 m289.7 m313.4 m330.2 m329.3 m328.8 m351.9 m316.3 m332.9 k
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 Receivable

(4.9 m)(10.1 m)(11.1 m)(13.2 m)

Accounts Payable

10.4 m10 m2.2 m10.8 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

4.9 m9.8 m15.1 m3.2 m8.6 m12.7 m6.1 m13.4 m22.8 m6.6 m9.7 k

Depreciation and Amortization

1.6 m3.6 m5.8 m3 m6.5 m10.4 m4.2 m9 m14.2 m7 m14.7 k

Accounts Receivable

(2.1 m)(5.2 m)(7.4 m)(4 m)(6.2 m)(8.6 m)(6 m)(12 m)(12.2 m)(404 k)(924)

Accounts Payable

2.2 m6.6 m8 m2.3 m1.7 m3.7 m1.3 m4.6 m15.5 m362 k5 k
Y, 2017

Financial Leverage

1.8 x
Show all financial metrics

Shutterstock Operating Metrics

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

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

Customers

900 k1 m1 m1.2 m1.2 m1.3 m1.4 m1.4 m1.5 m1.5 m1.6 m1.6 m1.7 m1.7 m

Content Contributors

50 k60 k60 k65 k70 k75 k80 k95 k120 k130 k160 k190 k190 k250 k

Images in Collection

35.4 m38.8 m42.7 m46.8 m51.6 m57.2 m63.7 m71.4 m81 m92.1 m102.7 m116.2 m132 m144.7 m
Show all operating metrics

Shutterstock Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Shutterstock Singapore Pte. Ltd.
SSTK Holdings C.V.
Shutterstock Images C.V.
Shutterstock Netherlands B.V.
Shutterstock GmbH
Shutterstock (UK) Ltd.
Shutterstock International Services EMEA (UK) Ltd.
Rex Features (Holdings) Ltd.
Rex Features Ltd.
Shutterstock (France) SAS
Shutterstock Italy Srl
Shutterstock Japan GK
Shutterstock Brazil Servicos de Imagem Ltda.
Shutterstock Music Canada ULC
Shutterstock Images Canada ULC
FlashstockJune 27, 2017$65 m

Shutterstock Market Value History

Shutterstock Revenue Breakdown

Shutterstock Job Categories

Shutterstock Median Salaries

Source: 72 public H-1B filings from Shutterstock

Traffic Overview of Shutterstock

Shutterstock Online and Social Media Presence

Shutterstock News and Updates

Alessandra Ambrosio Glistens in Revealing Gold Minidress & Bronze Pumps

Her shoes and dress were shiny gold.

Shutterstock’s new image search uses AI to let you search by image composition

If internet memes have proven anything, it is that there is an oddly specific stock photo out there for almost any situation, but finding the right photo out of millions can take a lot of time and effort. Stock photo company Shutterstock Inc. wants to make that process easier with its new Compositio…

Shutterstock’s spatially aware visual search tool lets you find photos by composition

Stock photo giant Shutterstock has unveiled some nifty new search smarts that use computer vision to help you find images based on their composition. The new “composition aware” search tool is available now in beta within Shutterstock Labs, and it promises to change the game in terms of unearthing t…

The Webster’s Laure Hériard Dubreuil Says Shoes Are the ‘Ultimate Statement Piece’ for Spring ’18

“The shoes shown both on and off the runway this season truly made such a strong impact,” the retailer said.

Our mega-cities will thrive on high-speed mobile communications

High-performance, super-fast communications technology is going to be as essential to human well-being, prosperity and industries nowadays as good roads were to industrialisation two hundred years ago.

Thom Browne’s Collection Gave ‘The Little Mermaid’ an Edgy & Luxe Twist at Paris Fashion Week

Ariel won’t need the designer’s stately oxford shoes under the sea.
Show more

Shutterstock Company Life and Culture

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