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Shutterstock

RetailTechnologycontent providerecommercemarketplacephotography

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.


Revenue(Q1, 2017)
$130.2 M
Market capitalization(2017-08-17)
$1.2 B
Customers(Q1, 2017)
1.7 M
Company Growth (employees)
Type
Public
HQ
New York, US
Size (employees)
858 (est)
Website
shutterstock.com
Shutterstock is headquartered in New York, US

Key People at Shutterstock

Jon Oringer

Jon Oringer

Founder/CEO
Victor Alemany

Victor Alemany

QA Engineer

Shutterstock Office Locations

Shutterstock has offices in New York, Amsterdam, Berlin, Hamburg and in 16 other locations
New York, US (HQ)
350 Fifth Avenue, 21st Floor
Amsterdam, NL
495 Herengracht
Show all (19)

Shutterstock Data and Metrics

Shutterstock Financial Metrics

Shutterstock's revenue was reported to be $130.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

130.2 m

Gross profit (Q1, 2017)

77.8 m

Gross profit margin (Q1, 2017), %

60%

Net income (Q1, 2017)

6.6 m

EBIT (Q1, 2017)

10.3 m

Market capitalization (17-Aug-2017)

1.2 b

Cash (31-Mar-2017)

195.4 m
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

26.1 m64.7 m47.9 m52.6 m

Gross profit

209.4 m263.3 m377.2 m441.7 m

Gross profit Margin, %

89%80%89%89%

Sales and marketing expense

35 m

R&D expense

13 m

General and administrative expense

16.4 m

Operating expense total

101.6 m159.3 m209.6 m117 m

EBIT

43.3 m38.6 m41 m13.2 m

EBIT margin, %

18%12%10%3%

Pre tax profit

12.5 m21.8 m11.7 m12 m

Income tax expense

16.9 m16.1 m14.7 m2.2 m

Net Income

26.4 m22 m19.6 m32.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

80.2 m83.7 m97.5 m104.4 m107.3 m116.7 m124.4 m123.1 m130.2 m

Cost of goods sold

32 m33.3 m39.5 m42.5 m44.5 m48.1 m52.2 m50.2 m52.4 m

Gross profit

48.2 m50.5 m58 m61.8 m62.7 m68.6 m72.2 m72.9 m77.8 m

Gross profit Margin, %

60%60%59%59%59%59%58%59%60%

Sales and marketing expense

20.5 m21.1 m25.1 m27.4 m27.4 m27.1 m31.6 m33 m32.5 m

R&D expense

9.3 m9.9 m10.7 m10.2 m10.8 m11.2 m12 m11.6 m11 m

General and administrative expense

10 m10.6 m14 m14.5 m16.4 m19.5 m18.2 m17 m24 m

Operating expense total

39.8 m41.6 m49.8 m52.2 m54.7 m57.8 m61.7 m61.6 m67.5 m

EBIT

8.4 m8.9 m8.2 m9.7 m8.1 m10.8 m10.5 m11.3 m10.3 m

EBIT margin, %

11%11%8%9%8%9%8%9%8%

Pre tax profit

8.4 m8.8 m5.7 m9.6 m7.3 m10.8 m10.3 m11.4 m10.8 m

Income tax expense

3.6 m3.6 m2.4 m4.3 m3.2 m4.7 m3 m2 m4.2 m

Net Income

9.8 m15.1 m3.2 m8.6 m12.7 m6.1 m13.4 m22.8 m6.6 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

4.9 m6.5 m14.1 m102.1 m155.4 m233.5 m241.3 m224.2 m

Accounts Receivable

6.1 m15.3 m25.7 m38.1 m

Inventories

19.8 m12.1 m11.7 m22.6 m

Current Assets

243.2 m323.5 m335.7 m339.8 m

PP&E

20.3 m26.7 m32.1 m56.1 m

Goodwill

1.4 m10.2 m50.9 m49.3 m

Total Assets

278.5 m383.8 m469.1 m501.8 m

Accounts Payable

4.2 m5.3 m6.8 m7.3 m

Current Liabilities

91.9 m120.3 m160.8 m203.5 m

Total Liabilities

215.1 m

Additional Paid-in Capital

127.4 m174.8 m213.9 m251.9 m

Retained Earnings

96.4 m129.1 m

Total Equity

288.6 m286.7 m

Financial Leverage

1.6 x1.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

180.9 m210.8 m190.5 m211.5 m229.6 m220.6 m210.9 m238 m195.4 m

Accounts Receivable

11.1 m12.9 m22.7 m23.7 m25.6 m30.4 m33.3 m34.1 m38 m

Current Assets

274 m296.6 m289.7 m313.4 m330.2 m329.3 m328.8 m351.9 m316.3 m

PP&E

27.6 m26.4 m27.1 m29 m29.9 m37.9 m41.3 m49.8 m63.9 m

Goodwill

10.2 m10.2 m53.5 m54.7 m52.2 m52.4 m51.4 m50.5 m49.7 m

Total Assets

333.3 m356 m420.8 m449.4 m465 m469.3 m468.4 m507.3 m486.6 m

Accounts Payable

5.5 m5.7 m8.9 m9.3 m9 m9 m10.6 m15.3 m11.7 m

Current Liabilities

106.1 m114.1 m141.4 m147.7 m154.8 m170.4 m183.8 m202.8 m196.1 m

Additional Paid-in Capital

150.5 m160.1 m185 m198 m206.8 m222.2 m232.3 m244.3 m255.4 m

Retained Earnings

64.6 m69.9 m80.1 m85.5 m89.6 m102.6 m109.8 m119.2 m135 m

Total Equity

215.5 m230.2 m261.8 m283.6 m292.9 m277.2 m274.1 m293.3 m275.9 m

Financial Leverage

1.5 x1.5 x1.6 x1.6 x1.6 x1.7 x1.7 x1.7 x1.8 x
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)(9.7 m)(11 m)(13.2 m)

Accounts Payable

10.4 m

Cash From Operating Activities

56.4 m82.9 m85.3 m101.1 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 m24.9 m(4.1 m)(53.5 m)

Interest Paid

34 k34 k

Income Taxes Paid

14.2 m254 k14.5 m19.2 m

Free Cash Flow

70.4 m100.8 m99.3 m61.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

9.8 m15.1 m3.2 m8.6 m12.7 m6.1 m13.4 m22.8 m6.6 m

Depreciation and Amortization

3.6 m5.8 m3 m6.5 m10.4 m4.2 m9 m14.2 m7 m

Accounts Receivable

(5.2 m)(7.4 m)(4 m)(6.2 m)(8.6 m)(6 m)(10.7 m)(12.2 m)(404 k)

Cash From Operating Activities

36.8 m59.5 m21.5 m40.1 m59.4 m23 m41.6 m76.7 m17.2 m

Capital Expenditures

(14.8 m)(16.3 m)(2.2 m)(6.1 m)(9.9 m)(7.8 m)(16.3 m)(26.7 m)(13.5 m)

Cash From Investing Activities

(25.5 m)(21.8 m)(65.6 m)(70 m)(72 m)(17.1 m)(26.4 m)(38.9 m)(15.7 m)

Cash From Financing Activities

14.2 m17.8 m2.9 m8.4 m9.7 m(27.6 m)(43.9 m)(38.8 m)(32.1 m)

Income Taxes Paid

159 k235 k1.3 m7.8 m11.7 m4.2 m11.9 m16.3 m2.1 m

Free Cash Flow

22 m43.2 m19.3 m34 m49.6 m15.2 m25.3 m50 m3.7 m
USDY, 2017

Revenue/Employee

151.8 k

Financial Leverage

1.8 x

Shutterstock Operating Metrics

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

Customers

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

Content Contributors

50 k60 k60 k65 k70 k75 k80 k95 k120 k130 k160 k190 k190 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 m

Paid Downloads

29.7 m31.5 m31.2 m125.9 m33.4 m35.9 m38.1 m147.2 m41.2 m43.4 m41.2 m167.9 m43.5 m

Video Clips

2 m2 m2 m2 m3 m3.5 m4 m4 m5.4 m6.9 m

Images and Video Clips

180 m

    Shutterstock Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    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

    Market Position of Shutterstock

    Competitors

    MotionElements
    Technology - Private
    Moment Lens
    Technology - Private
    Magento
    Technology - Subsidiary
    Mabaya
    Technology - Private
    Compare competitors

    Traffic Overview of Shutterstock

    Shutterstock Online and Social Media Presence

    Shutterstock News and Updates

    January 26, 2017

    Shutterstock adds an image editor to unstock your stock photos

     Stock photo site Shutterstock has been around since 2003 but now the stock photo site gotten an 21s century upgrade. The site now has a built in photo editor that lets you create clever graphics on the fly for social media, sharing, and blogging. The tool is fairly rudimentary – you can add text an…
    August 04, 2016

    BRIEF-Shutterstock reports Q2 earnings per share $0.20

    * Q2 earnings per share view $0.31 -- Thomson Reuters I/B/E/S
    July 19, 2016

    Shutterstock now suggests keywords for images that contributors upload on iOS

    EXCLUSIVE: Shutterstock, a publicly traded company that provides premium stock images, music, and video content, today is announcing the launch of a feature that will speed up the process for contributors submitting new images through the iOS app dedicated for them. The app will suggest several keyw…

    Shutterstock Company Life and Culture

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