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.

Type
Public
HQ
New York, US
Founded
2003
Size (employees)
858 (est)
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
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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%
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
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
USDY, 2018

Financial Leverage

1.7 x
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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
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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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Shutterstock News and Updates

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…

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…

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…

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…

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…

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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