Shutterstock

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.

Company Growth (employees)
Type
Public
HQ
New York, US
Founded
2003
Size (employees)
858 (est)
Shutterstock was founded in 2003 and is headquartered in New York, US

Key People/Management at Shutterstock

Jonathan Oringer

Jonathan Oringer

Founder/CEO
Steven Berns

Steven Berns

Chief Financial Officer
Martin Brodbeck

Martin Brodbeck

Chief Technology Officer
Jeffrey Weiser

Jeffrey Weiser

Chief Marketing Officer
Steven Ciardiello

Steven Ciardiello

Chief Accounting Officer

Shutterstock Office Locations

Shutterstock has offices in New York, Amsterdam, Berlin, Hamburg and in 17 other locations
New York, US (HQ)
350 Fifth Avenue, 21st Floor
Amsterdam, NL
495 Herengracht
Show all (20)

Shutterstock Financials and Metrics

Shutterstock Financials

Shutterstock's revenue was reported to be $494.3 m in FY, 2016
USD

Revenue (Q2, 2017)

134 k

Gross profit (Q2, 2017)

76.7 k

Gross profit margin (Q2, 2017), %

57%

Net income (Q2, 2017)

3.1 k

EBIT (Q2, 2017)

3.3 k

Market capitalization (13-Dec-2017)

1.5 b

Cash (30-Jun-2017)

210.6 k
Shutterstock's current market capitalization is $1.5 b.
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

59.6 m72.8 m80.2 m83.7 m97.5 m104.4 m107.3 m116.7 m124.4 m123.1 m130.2 m134 k

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 k

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 k

Gross profit Margin, %

61%60%60%60%59%59%59%59%58%59%60%57%
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

195.5 m158 m180.9 m210.8 m190.5 m211.5 m229.6 m220.6 m210.9 m238 m195.4 m210.6 k

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 k

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 k
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)(10.1 m)(11.1 m)(13.2 m)

Accounts Payable

10.4 m10 m2.2 m10.8 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

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 k

Depreciation and Amortization

2.7 m1.6 m3.6 m5.8 m3 m6.5 m10.4 m4.2 m9 m14.2 m7 m14.7 k

Accounts Receivable

(4.2 m)(2.1 m)(5.2 m)(7.4 m)(4 m)(6.2 m)(8.6 m)(6 m)(10.7 m)(12.2 m)(404 k)(924)

Accounts Payable

6 m2.2 m6.6 m8 m2.3 m1.7 m3.7 m1.3 m4.6 m15.5 m362 k5 k
Y, 2017

Financial Leverage

1.8 x
Show all financial metrics

Shutterstock Operating Metrics

Shutterstock's Customers was reported to be 1.7 m in Q2, 2017
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 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$3.05

Customers

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

Content Contributors

50 k60 k60 k65 k70 k75 k80 k95 k120 k130 k160 k190 k190 k250 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 m144.7 m
Show all operating metrics

Shutterstock Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Shutterstock Singapore Pte. Ltd.
SSTK Holdings C.V.
Shutterstock Images C.V.
Shutterstock Netherlands B.V.
Shutterstock GmbH
Shutterstock (UK) Ltd.
Shutterstock International Services EMEA (UK) Ltd.
Rex Features (Holdings) Ltd.
Rex Features Ltd.
Shutterstock (France) SAS
Shutterstock Italy Srl
Shutterstock Japan GK
Shutterstock Brazil Servicos de Imagem Ltda.
Shutterstock Music Canada ULC
Shutterstock Images Canada ULC
FlashstockJune 27, 2017$65 m

Shutterstock Market Value History

Shutterstock Revenue Breakdown

Shutterstock Median Salaries

Source: 72 public H-1B filings from Shutterstock

Shutterstock's Web-traffic and Trends

Shutterstock Online and Social Media Presence

Shutterstock News and Updates

Here Are Some Awesome Green Monday Deals You Probably Didn’t Know About

If you thought the season of crazy shopping days was over, think again.

Ivanka Trump Shimmers in Alexander McQueen for an ‘Especially Special’ Hanukkah Party

President Donald Trump said: ‘I think this one will go down as especially special.’

Rick Ross and Ewing Athletics Have a Luxurious Collaboration Coming Soon

The luxury look is a must-have for any sneaker fanatic.

LaVar Ball Is Removing His Son LiAngelo From UCLA

“I’m going to make him way better for the draft that UCLA ever could have,” he told ESPN.

Nicole Kidman Narrowly Avoids Wardrobe Malfunction at Louis Vuitton Event in New York

The actress sported a dress with a dramatic thigh-high slit.

This Is What Virgil Abloh, Hailey Baldwin and Stan Smith Had to Say at the 2017 FNAAs

The 31st annual Footwear News Achievement Awards had plenty of quotable moments.
Show more

Shutterstock Company Life and Culture

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