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.

TypePublic
Founded2003
HQNew York, US
Websiteshutterstock.com
Employee Ratings3.2
Culture scoreB-

Latest Updates

Employees (est.) (Dec 2019)116(-88%)
Job Openings21
Revenue (FY, 2019)$650.5 M(+5%)
Share Price (May 2020)$35.9

Key People/Management at Shutterstock

Jonathan Oringer

Jonathan Oringer

Executive Chairman of the Board
Jeff Epstein

Jeff Epstein

Director
Avi Muchnick

Avi Muchnick

Chief Product Officer
Thomas R. Evans

Thomas R. Evans

Director
Peter Silvio

Peter Silvio

Chief Technology Officer
Lisa Nadler

Lisa Nadler

Chief Human Resources Officer
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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
Show all (16)

Shutterstock Financials and Metrics

Shutterstock Revenue

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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
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

328.0m425.1m494.3m557.1m623.3m650.5m

Revenue growth, %

39%30%16%13%

Cost of goods sold

130.0m174.5m203.1m233.1m267.7m278.2m

Gross profit

197.9m250.6m291.2m324.0m355.6m372.3m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

97.5m104.4m107.3m116.7m124.4m123.1m130.2m134.0m141.1m153.0m156.6m151.6m163.3m161.7m159.1m161.3m

Cost of goods sold

39.5m42.5m44.5m48.1m52.2m50.2m52.4m57.3m58.8m64.5m67.9m66.5m69.2m68.5m68.6m69.1m

Gross profit

58.0m61.8m62.7m68.6m72.2m72.9m77.8m76.7m82.3m88.5m88.7m85.1m94.1m93.2m90.4m92.2m

Gross profit Margin, %

59%59%59%59%58%59%60%57%58%58%57%56%58%58%57%57%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

233.5m241.3m224.2m253.4m230.9m303.3m

Accounts Receivable

15.3m25.7m38.1m49.9m41.0m47.0m

Prepaid Expenses

12.1m11.7m22.6m37.1m34.8m26.7m

Current Assets

323.5m335.7m339.8m340.5m306.7m377.0m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

190.5m211.5m229.6m220.6m210.9m238.0m195.4m210.6m284.9m289.8m206.4m240.1m259.1m285.4m295.7m

Accounts Receivable

22.7m23.7m25.6m30.4m33.3m34.1m38.0m38.2m44.6m44.7m45.9m45.4m44.3m46.9m45.2m

Prepaid Expenses

12.7m14.0m12.4m12.1m18.2m16.6m28.0m29.2m33.6m27.3m28.3m35.4m29.7m31.7m28.8m

Current Assets

289.7m313.4m330.2m329.3m328.8m351.9m316.3m332.9m363.0m361.9m280.6m321.0m333.1m364.0m369.7m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

22.1m19.6m32.6m16.7m54.7m20.1m

Depreciation and Amortization

7.9m14.8m19.9m35.5m45.7m49.9m

Accounts Payable

10.0m2.2m10.8m12.0m6.4m8.4m

Cash From Operating Activities

82.9m85.3m101.1m108.0m102.2m102.6m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

3.2m8.6m12.7m6.1m13.4m22.8m6.6m9.7m14.7m32.6m32.3m39.8m7.5m10.8m15.8m4.3m

Depreciation and Amortization

3.0m6.5m10.4m4.2m9.0m14.2m7.0m14.7m24.9m10.9m22.2m33.9m11.9m25.3m37.3m10.5m

Accounts Payable

2.3m1.7m3.7m1.3m4.6m15.5m362.0k5.0m11.3m15.2m(6.0m)1.4m2.0m1.9m13.3m(2.3m)

Cash From Operating Activities

21.5m40.1m59.4m23.0m41.6m76.7m17.2m40.4m71.5m21.1m38.0m68.5m19.7m46.7m77.0m6.9m
USDY, 2020

EV/EBIT

178.1 x

EV/CFO

150.1 x

Financial Leverage

1.9 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

Company NameDateDeal 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: 28.1% from Rest of the world, 39.3% from North America and 32.6% from Europe

Shutterstock Online and Social Media Presence

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Shutterstock Company Culture

  • Overall Culture

    B-

    70/100

  • CEO Rating

    D-

    59/100

  • Compensation

    B+

    77/100

  • Diversity

    C-

    60/100

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Shutterstock News and Updates

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...

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

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...

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,...

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…

UPDATE 2-Russia blocks Shutterstock domain for 'insulting state symbols'

* Company says working the authorities to end block (Updates with watchdog comments)
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Shutterstock Blogs

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.

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.

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.

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.

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.

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.
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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.