| Type | Public |
| HQ | New York, US |
| Founded | 2003 |
| Size (employees) | 1,130 (est)+32% |
| Website | shutterstock.com |
Shutterstock was founded in 2003 and is headquartered in New York, US
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Sign up for free to see all dataKey People/Management at Shutterstock
Jon Oringer
Founder, CEO
Steven Berns
COO, CFO
Marty Brodbeck
CTO
David Petts
Chief Revenue Officer
Lisa Nadler
Chief Human Resources Officer
Louis Weiss
CMO
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Shutterstock Office Locations
Shutterstock has offices in Dublin, Seoul, Nashville, Las Vegas and in 16 other locations
New York, US (HQ)
Empire State Building 350 Fifth Avenue, 21st Floor
Amsterdam, NL
495 Herengracht
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Shutterstock Financials and Metrics
Shutterstock Revenue
Shutterstock's revenue was reported to be $557.11 m in FY, 2017 which is a 12.7% increase from the previous period.
| USD | |
|---|---|
Revenue (Q2, 2018) | 156.6m |
Gross profit (Q2, 2018) | 88.7m |
Gross profit margin (Q2, 2018), % | 56.6% |
Net income (Q2, 2018) | (254.0k) |
EBIT (Q2, 2018) | 5.6m |
Market capitalization (15-Oct-2018) | 1.6b |
Closing stock price (15-Oct-2018) | 47.1 |
Cash (30-Jun-2018) | 289.8m |
Shutterstock's current market capitalization is $1.6 b.
Annual
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 97.5m | 104.4m | 107.3m | 116.7m | 124.4m | 123.1m | 130.2m | 134.0m | 141.1m | 153.0m | 156.6m |
Cost of goods sold | 39.5m | 42.5m | 44.5m | 48.1m | 52.2m | 50.2m | 52.4m | 57.3m | 58.8m | 64.5m | 67.9m |
Gross profit | 58.0m | 61.8m | 62.7m | 68.6m | 72.2m | 72.9m | 77.8m | 76.7m | 82.3m | 88.5m | 88.7m |
Gross profit Margin, % | 59% | 59% | 59% | 59% | 58% | 59% | 60% | 57% | 58% | 58% | 57% |
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Cash | 233.5m | 241.3m | 224.2m | 253.4m |
Accounts Receivable | 15.3m | 25.7m | 38.1m | 49.9m |
Prepaid Expenses | 12.1m | 11.7m | 22.6m | 37.1m |
Current Assets | 323.5m | 335.7m | 339.8m | 340.5m |
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 190.5m | 211.5m | 229.6m | 220.6m | 210.9m | 238.0m | 195.4m | 210.6m | 284.9m | 289.8m |
Accounts Receivable | 22.7m | 23.7m | 25.6m | 30.4m | 33.3m | 34.1m | 38.0m | 38.2m | 44.6m | 44.7m |
Prepaid Expenses | 12.7m | 14.0m | 12.4m | 12.1m | 18.2m | 16.6m | 28.0m | 29.2m | 33.6m | 27.3m |
Current Assets | 289.7m | 313.4m | 330.2m | 329.3m | 328.8m | 351.9m | 316.3m | 332.9m | 363.0m | 361.9m |
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Net Income | 22.1m | 19.6m | 32.6m | 16.7m |
Depreciation and Amortization | 7.9m | 14.8m | 19.9m | 35.5m |
Accounts Payable | 10.0m | 2.2m | 10.8m | 12.0m |
Cash From Operating Activities | 82.9m | 85.3m | 101.1m | 108.0m |
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 3.2m | 8.6m | 12.7m | 6.1m | 13.4m | 22.8m | 6.6m | 9.7m | 14.7m | 32.6m | 32.3m |
Depreciation and Amortization | 3.0m | 6.5m | 10.4m | 4.2m | 9.0m | 14.2m | 7.0m | 14.7m | 24.9m | 10.9m | 22.2m |
Accounts Payable | 2.3m | 1.7m | 3.7m | 1.3m | 4.6m | 15.5m | 362.0k | 5.0m | 11.3m | 15.2m | (6.0m) |
Cash From Operating Activities | 21.5m | 40.1m | 59.4m | 23.0m | 41.6m | 76.7m | 17.2m | 40.4m | 71.5m | 21.1m | 38.0m |
| USD | Y, 2018 |
|---|---|
Financial Leverage | 1.7 x |
Shutterstock Operating Metrics
Shutterstock's Customers was reported to be 1.8 m in Q1, 2018.
| 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 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Customers | 900 k | 1 m | 1 m | 1.20 m | 1.20 m | 1.30 m | 1.40 m | 1.40 m | 1.50 m | 1.50 m | 1.60 m | 1.60 m | 1.70 m | 1.70 m | 1.70 m | 1.80 m | 1.80 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 | 250 k | 300 k | 350 k | 400 k |
Paid Downloads | 29.70 m | 31.50 m | 31.20 m | 125.90 m | 33.40 m | 35.90 m | 38.10 m | 147.20 m | 41.20 m | 43.40 m | 41.20 m | 167.90 m | 43.50 m | 42.70 m | 128 m | 172 m | 40 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 | $3.13 | $3.40 |
Shutterstock Acquisitions / Subsidiaries
| Acquired Company | Date | Deal 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 |
Shutterstock Revenue Breakdown
Shutterstock revenue breakdown by business segment: 97.1% from Content Segment and 2.9% from Other
Shutterstock revenue breakdown by geographic segment: 32.6% from Europe, 39.3% from North America and 28.1% from Rest of the world
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Shutterstock Online and Social Media Presence
289.73k Twitter followers
Shutterstock has 289.73k Twitter Followers. The number of followers has increased 1.1% month over month and increased 0.8% quarter over quarter
766.27k Facebook likes
Shutterstock has 766.27k Facebook Likes. The number of likes has increased 1.2% month over month and increased 2.2% quarter over quarter
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Shutterstock News and Updates
October 17, 2018
Shutterstock Announces Editorial Content on its eCommerce Platform is Now Available for License
NEW YORK, Oct. 17, 2018 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering high-quality assets, tools and services through its creative platform, today announced Editorial content on its eCommerce Platform is now available for license....
September 28, 2018
Visual Content 2018 Global Market Key Players – 123RF, Dreamstime Fotolia, Getty Image, Shutterstock, Alamy, AP Images, Depositphotos, Dissolve – Analysis and Forecast to 2023
WiseGuyRerports.com Presents “Global Visual Content Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday
September 27, 2018
Shutterstock To Report Third Quarter 2018 Earnings Results on October 30, 2018
NEW YORK, Sept. 27, 2018 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering a creative platform for high-quality assets, tools and services, will report its third quarter 2018 business and financial results on Tuesday, October 30, 2018 before the ...
August 13, 2018
It’s not just you: Shutterstock has been up and down for the last day
We’ve been trying to get on Shutterstock all morning with no success, and it’s apparently not just us. The site has been down for everyone for a good part of the morning and, if Shutterstock’s Twitter is anything to go by, it might be so for a while. We were able to reach the main Shutterstock page …
August 08, 2018
The drug maker behind the first FDA-approved medication derived from marijuana has revealed how much it'll cost
On a call with investors this week, GW Pharmaceuticals revealed the price of Epidiolex, its newly-approved, marijuana-based drug for rare forms of epilepsy.
Designed to treat two rare forms of childhood epilepsy using a marijuana compound called CBD, the drug is the first medication of its kind to…
August 08, 2018
Most people pursue mates who are 'out of their league,' according to a new dating site study
University of Michigan professors analyzed an online dating site's users in four cities — Chicago, New York, Seattle, and Boston.
They found that most men and women reach out to people who are more desirable than themselves.
The researchers also discovered that desirability is correlated with age,…
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Shutterstock Blogs
October 19, 2018
Adobe Releases Their New Creative Cloud Addition: Premiere Rush
Adobe's new NLE, released in the latest Creative Cloud update, is tailored for on-the-go content creators. Here's what you need to know about it.
The post Adobe Releases Their New Creative Cloud Addition: Premiere Rush appeared first on The Shutterstock Blog.
October 19, 2018
10 Tips for Catching Crucial Details in Your Client Photo Shoot
The smallest details can make or break your photo shoot. Check out these ten effective tips for capturing perfect details the next time you shoot for your clients.
The post 10 Tips for Catching Crucial Details in Your Client Photo Shoot appeared first on The Shutterstock Blog.
October 18, 2018
Optimize Google Responsive Display Ads with the Shutterstock API Integration (2018)
Discover how the expanded partnership between Google Ads and Shutterstock’s API helps you optimize responsive display ads. Now you have access to even more optimization tools.
The post Optimize Google Responsive Display Ads with the Shutterstock API Integration (2018) appeared first on The Shutters…
October 18, 2018
Professional Advice for Photographing Family Members
Your family can be a great models for your photography work, but sometimes it's difficult to get everyone on the same page. These six pros offer their best advice for taking perfect stock photos with your family.
The post Professional Advice for Photographing Family Members appeared first on The Sh…
October 17, 2018
How to Use Colored Smoke Canisters on Your Next Film or Video Project
Feeling like you are in a creative rut with your footage? Try using colored smoke canisters to bring some texture and movement to your shots.
The post How to Use Colored Smoke Canisters on Your Next Film or Video Project appeared first on The Shutterstock Blog.
October 17, 2018
The Top 5 Reasons More Businesses Are Offering Curated Collections
Print companies, advertisement and video creation platforms, and many more martech businesses are offering curated collections. Here are the top 5 reasons behind the rise of curation.
The post The Top 5 Reasons More Businesses Are Offering Curated Collections appeared first on The Shutterstock Blog…
Shutterstock Company Life and Culture
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