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.

TypePublic
HQNew York, US
Founded2003
Size (employees)1,130 (est)+32%
Websiteshutterstock.com
Shutterstock was founded in 2003 and is headquartered in New York, US
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Key People/Management at Shutterstock

Jon Oringer

Jon Oringer

Founder, CEO
Steven Berns

Steven Berns

COO, CFO
Marty Brodbeck

Marty Brodbeck

CTO
David Petts

David Petts

Chief Revenue Officer
Lisa Nadler

Lisa Nadler

Chief Human Resources Officer
Louis Weiss

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

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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
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

328.0m425.1m494.3m557.1m

Revenue growth, %

39%30%16%13%

Cost of goods sold

130.0m174.5m203.1m233.1m

Gross profit

197.9m250.6m291.2m324.0m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

97.5m104.4m107.3m116.7m124.4m123.1m130.2m134.0m141.1m153.0m156.6m

Cost of goods sold

39.5m42.5m44.5m48.1m52.2m50.2m52.4m57.3m58.8m64.5m67.9m

Gross profit

58.0m61.8m62.7m68.6m72.2m72.9m77.8m76.7m82.3m88.5m88.7m

Gross profit Margin, %

59%59%59%59%58%59%60%57%58%58%57%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

233.5m241.3m224.2m253.4m

Accounts Receivable

15.3m25.7m38.1m49.9m

Prepaid Expenses

12.1m11.7m22.6m37.1m

Current Assets

323.5m335.7m339.8m340.5m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

190.5m211.5m229.6m220.6m210.9m238.0m195.4m210.6m284.9m289.8m

Accounts Receivable

22.7m23.7m25.6m30.4m33.3m34.1m38.0m38.2m44.6m44.7m

Prepaid Expenses

12.7m14.0m12.4m12.1m18.2m16.6m28.0m29.2m33.6m27.3m

Current Assets

289.7m313.4m330.2m329.3m328.8m351.9m316.3m332.9m363.0m361.9m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

22.1m19.6m32.6m16.7m

Depreciation and Amortization

7.9m14.8m19.9m35.5m

Accounts Payable

10.0m2.2m10.8m12.0m

Cash From Operating Activities

82.9m85.3m101.1m108.0m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

3.2m8.6m12.7m6.1m13.4m22.8m6.6m9.7m14.7m32.6m32.3m

Depreciation and Amortization

3.0m6.5m10.4m4.2m9.0m14.2m7.0m14.7m24.9m10.9m22.2m

Accounts Payable

2.3m1.7m3.7m1.3m4.6m15.5m362.0k5.0m11.3m15.2m(6.0m)

Cash From Operating Activities

21.5m40.1m59.4m23.0m41.6m76.7m17.2m40.4m71.5m21.1m38.0m
USDY, 2018

Financial Leverage

1.7 x
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Shutterstock Operating Metrics

Shutterstock's Customers was reported to be 1.8 m in Q1, 2018.
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Shutterstock Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
FlashstockJune 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 Revenue Breakdown

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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

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Shutterstock News and Updates

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....

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

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 ...

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 …

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…

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

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.

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.

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…

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…

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.

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…
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Shutterstock Company Life and Culture

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