OverviewSuggest Edit
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 | |
| Founded | 2003 | |
| HQ | New York, US | Map |
| Website | shutterstock.com | |
| Employee Ratings | More | |
| Culture score | B- | More |
Recent NewsAll News
- Shutterstock Announces Footage Library Availability for Mobile Users
- Playable Integrates Shutterstock API to Make Stock Video Library Available to $20B Email Marketing Industry
- Shutterstock Appoints Stan Pavlovsky as Chief Executive Officer and Names Jon Oringer Executive Chairman
- Shutterstock Reports Fourth Quarter and Full Year 2019 Financial Results
Key People/Management at Shutterstock
Jonathan Oringer
Executive Chairman of the Board
Jeff Epstein
Director
Avi Muchnick
Chief Product Officer
Thomas R. Evans
Director
Peter Silvio
Chief Technology Officer
Lisa Nadler
Chief Human Resources Officer
Shutterstock Office Locations
Shutterstock has offices in New York, Chicago, Denton, Denver and in 12 other locations
New York, US (HQ)
Empire State Building, 350 5th Ave
Chicago, US
205 W Wacker Dr #1450
Denton, US
608 E Hickory St #112Denton
Denver, US
1515 Arapahoe St #200
Los Angeles, US
11175 Santa Monica Blvd #460
San Francisco, US
San Francisco
Shutterstock Financials and Metrics
Shutterstock Revenue
Shutterstock's revenue was reported to be $650.52 m in FY, 2019
| USD | |
|---|---|
Revenue (Q1, 2020) | 161.3m |
Gross profit (Q1, 2020) | 92.2m |
Gross profit margin (Q1, 2020), % | 57.1% |
Net income (Q1, 2020) | 4.3m |
EBIT (Q1, 2020) | 5.8m |
Market capitalization (22-May-2020) | 1.3b |
Closing stock price (22-May-2020) | 35.9 |
Cash (31-Mar-2020) | 295.7m |
EV | 1.0b |
Shutterstock's current market capitalization is $1.3 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 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 97.5m | 104.4m | 107.3m | 116.7m | 124.4m | 123.1m | 130.2m | 134.0m | 141.1m | 153.0m | 156.6m | 151.6m | 163.3m | 161.7m | 159.1m | 161.3m |
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 | 66.5m | 69.2m | 68.5m | 68.6m | 69.1m |
Gross profit | 58.0m | 61.8m | 62.7m | 68.6m | 72.2m | 72.9m | 77.8m | 76.7m | 82.3m | 88.5m | 88.7m | 85.1m | 94.1m | 93.2m | 90.4m | 92.2m |
Gross profit Margin, % | 59% | 59% | 59% | 59% | 58% | 59% | 60% | 57% | 58% | 58% | 57% | 56% | 58% | 58% | 57% | 57% |
Annual
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 190.5m | 211.5m | 229.6m | 220.6m | 210.9m | 238.0m | 195.4m | 210.6m | 284.9m | 289.8m | 206.4m | 240.1m | 259.1m | 285.4m | 295.7m |
Accounts Receivable | 22.7m | 23.7m | 25.6m | 30.4m | 33.3m | 34.1m | 38.0m | 38.2m | 44.6m | 44.7m | 45.9m | 45.4m | 44.3m | 46.9m | 45.2m |
Prepaid Expenses | 12.7m | 14.0m | 12.4m | 12.1m | 18.2m | 16.6m | 28.0m | 29.2m | 33.6m | 27.3m | 28.3m | 35.4m | 29.7m | 31.7m | 28.8m |
Current Assets | 289.7m | 313.4m | 330.2m | 329.3m | 328.8m | 351.9m | 316.3m | 332.9m | 363.0m | 361.9m | 280.6m | 321.0m | 333.1m | 364.0m | 369.7m |
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 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 3.2m | 8.6m | 12.7m | 6.1m | 13.4m | 22.8m | 6.6m | 9.7m | 14.7m | 32.6m | 32.3m | 39.8m | 7.5m | 10.8m | 15.8m | 4.3m |
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 | 33.9m | 11.9m | 25.3m | 37.3m | 10.5m |
Accounts Payable | 2.3m | 1.7m | 3.7m | 1.3m | 4.6m | 15.5m | 362.0k | 5.0m | 11.3m | 15.2m | (6.0m) | 1.4m | 2.0m | 1.9m | 13.3m | (2.3m) |
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 | 68.5m | 19.7m | 46.7m | 77.0m | 6.9m |
| USD | Y, 2020 |
|---|---|
EV/EBIT | 178.1 x |
EV/CFO | 150.1 x |
Financial Leverage | 1.9 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
| Company Name | 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: 28.1% from Rest of the world, 39.3% from North America and 32.6% from Europe
Shutterstock Online and Social Media Presence
289.13k Twitter followers
Shutterstock has 289.13k Twitter Followers. The number of followers has increased 0.1% quarter over quarter
Shutterstock's Trends
Twitter Engagement Stats for @shutterstock
34.4k
Tweets
727
Following
289.1k
Followers
207
Tweets last 30 days
8.7
Avg. likes per Tweet
76.3%
Tweets with engagement
Shutterstock Company Culture
Overall Culture
B-
70/100
CEO Rating
D-
59/100
Compensation
B+
77/100
Diversity
C-
60/100
Shutterstock News and Updates
March 31, 2020
Shutterstock Announces Footage Library Availability for Mobile Users
NEW YORK, March 31, 2020 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering a creative platform for high-quality content, tools and services, today announced its footage offering is now available for license on the customer iOS and Android...
February 19, 2020
Playable Integrates Shutterstock API to Make Stock Video Library Available to $20B Email Marketing Industry
Millions of videos now available to marketers who send more than 100 billion emails every day
February 13, 2020
Shutterstock Appoints Stan Pavlovsky as Chief Executive Officer and Names Jon Oringer Executive Chairman
NEW YORK, Feb. 13, 2020 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering a creative platform for high-quality content, tools and services, today announced that the Board of Directors (the "Board") has appointed Stan Pavlovsky, currently...
February 13, 2020
Shutterstock Reports Fourth Quarter and Full Year 2019 Financial Results
NEW YORK, Feb. 13, 2020 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global technology company offering a creative platform for high-quality content, tools and services, today announced financial results for the fourth quarter and full year ended December 31,...
February 13, 2020
Shutterstock just lost its CEO, the man who founded the company 16 years ago
“The fact of the matter is that our business has grown and evolved to a point where we would all benefit from a CEO that has a different set of skills than I have,” founder and CEO Jon Oringer said.
Shutterstock founder and CEO Jon Oringer has announced he’s stepping down from his chief executive ro…
December 03, 2019
UPDATE 2-Russia blocks Shutterstock domain for 'insulting state symbols'
* Company says working the authorities to end block
(Updates with watchdog comments)
Shutterstock Blogs
May 20, 2020
Black Backgrounds on Websites: How to Do It Right
Thinking of going dark mode with a black background design? From high-contrast HEX codes to moody textures, you have a few ways to approach it...
The post Black Backgrounds on Websites: How to Do It Right appeared first on The Shutterstock Blog.
May 19, 2020
Creative Ideas for Father’s Day Cards or Social Posts
Celebrate dads with thoughtful authenticity using the right visuals and tone. These expertly curated collections and tips will help get you started.
The post Creative Ideas for Father’s Day Cards or Social Posts appeared first on The Shutterstock Blog.
May 18, 2020
From Documentary-Style to Conceptual: A Fresh Approach to the Selfie
Seven photographers share how they’re paying homage to the history of self-portraiture and propelling the genre into exciting new territory.
The post From Documentary-Style to Conceptual: A Fresh Approach to the Selfie appeared first on The Shutterstock Blog.
May 18, 2020
WordStream Expands Shutterstock Integration to Include Clips for Facebook Video
We worked with IONOS, a web hosting and cloud solutions provider, to build ready-to-use website templates for their new website builder MyWebsite Now.
The post WordStream Expands Shutterstock Integration to Include Clips for Facebook Video appeared first on The Shutterstock Blog.
May 15, 2020
The Images Inspiring Our Recipes While We Cook at Home
With more time to cook, hobby chefs are branching out. Take a peek at how enticing images bring the recipes for social media hits into our kitchens.
The post The Images Inspiring Our Recipes While We Cook at Home appeared first on The Shutterstock Blog.
May 14, 2020
15 of the Most Popular Stock Photos to Create
Take a look at this list of the fifteen most popular and searched-for types of stock photos and jumpstart your portfolio's selling power.
The post 15 of the Most Popular Stock Photos to Create appeared first on The Shutterstock Blog.
Shutterstock Frequently Asked Questions
When was Shutterstock founded?
Shutterstock was founded in 2003.
Who are Shutterstock key executives?
Shutterstock's key executives are Jonathan Oringer, Jeff Epstein and Avi Muchnick.
How many employees does Shutterstock have?
Shutterstock has 116 employees.
What is Shutterstock revenue?
Latest Shutterstock annual revenue is $650.5 m.
What is Shutterstock revenue per employee?
Latest Shutterstock revenue per employee is $5.6 m.
Who are Shutterstock competitors?
Competitors of Shutterstock include Pond5, Fotolia and 500px.
Where is Shutterstock headquarters?
Shutterstock headquarters is located at Empire State Building, 350 5th Ave, New York.
Where are Shutterstock offices?
Shutterstock has offices in New York, Chicago, Denton, Denver and in 12 other locations.
How many offices does Shutterstock have?
Shutterstock has 16 offices.
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