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, NY, US
Websiteshutterstock.com
Employee Ratings3.4
Overall CultureD

Latest Updates

Employees (est.) (Dec 2019)116(-88%)
Job Openings174
Revenue (FY, 2020)$666.7 M(+3%)
Share Price (Sept 2021)$115.3(+3%)
Cybersecurity ratingCMore

Key People/Management at Shutterstock

Jonathan Oringer

Jonathan Oringer

Executive Chairman of the Board
Thomas R. Evans

Thomas R. Evans

Director
Paul Hennessy

Paul Hennessy

Director
Peter Silvio

Peter Silvio

Chief Technology Officer
Deirdre M. Bigley

Deirdre M. Bigley

Director
Jarrod Yahes

Jarrod Yahes

Chief Financial Officer
Show more

Shutterstock Office Locations

Shutterstock has offices in New York, Chicago, Denton, Denver and in 11 other locations
New York, NY, US (HQ)
Empire State Building, 350 5th Ave
Chicago, IL, US
205 W Wacker Dr #1450
Denton, TX, US
608 E Hickory St #112Denton
Denver, CO, US
1515 Arapahoe St #200
Los Angeles, CA, US
11175 Santa Monica Blvd #460
San Francisco, CA, US
San Francisco
Show all (15)

Shutterstock Financials and Metrics

Shutterstock Revenue

Embed Graph
View revenue for all periods
Shutterstock's revenue was reported to be $666.69 m in FY, 2020
USD

Revenue (FY, 2020)

666.7m

Gross profit (FY, 2020)

407.1m

Gross profit margin (FY, 2020), %

61.1%

Net income (FY, 2020)

71.8m

EBIT (FY, 2020)

85.3m

Market capitalization (15-Sept-2021)

4.2b

Closing stock price (15-Sept-2021)

115.3

Cash (31-Dec-2020)

428.6m

EV

3.8b
Shutterstock's current market capitalization is $4.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

328.0m425.1m494.3m557.1m623.3m650.5m666.7m

Revenue growth, %

39%30%16%13%

Cost of goods sold

130.0m174.5m203.1m233.1m267.7m278.2m259.6m

Gross profit

197.9m250.6m291.2m324.0m355.6m372.3m407.1m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

97.5m104.4m107.3m116.7m124.4m123.1m130.2m134.0m141.1m153.0m156.6m151.6m163.3m161.7m159.1m161.3m159.2m165.2m

Cost of goods sold

39.5m42.5m44.5m48.1m52.2m50.2m52.4m57.3m58.8m64.5m67.9m66.5m69.2m68.5m68.6m69.1m63.8m60.3m

Gross profit

58.0m61.8m62.7m68.6m72.2m72.9m77.8m76.7m82.3m88.5m88.7m85.1m94.1m93.2m90.4m92.2m95.4m104.9m

Gross profit Margin, %

59%59%59%59%58%59%60%57%58%58%57%56%58%58%57%57%60%63%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

233.5m241.3m224.2m253.4m230.9m303.3m428.6m

Accounts Receivable

15.3m25.7m38.1m49.9m41.0m47.0m43.8m

Prepaid Expenses

12.1m11.7m22.6m37.1m34.8m26.7m16.7m

Current Assets

323.5m335.7m339.8m340.5m306.7m377.0m489.1m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

190.5m211.5m229.6m220.6m210.9m238.0m195.4m210.6m284.9m289.8m206.4m240.1m259.1m285.4m295.7m311.2m383.1m

Accounts Receivable

22.7m23.7m25.6m30.4m33.3m34.1m38.0m38.2m44.6m44.7m45.9m45.4m44.3m46.9m45.2m48.7m48.2m

Prepaid Expenses

12.7m14.0m12.4m12.1m18.2m16.6m28.0m29.2m33.6m27.3m28.3m35.4m29.7m31.7m28.8m26.6m19.3m

Current Assets

289.7m313.4m330.2m329.3m328.8m351.9m316.3m332.9m363.0m361.9m280.6m321.0m333.1m364.0m369.7m386.5m450.7m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

22.1m19.6m32.6m16.7m54.7m20.1m71.8m

Depreciation and Amortization

7.9m14.8m19.9m35.5m45.7m49.9m41.4m

Accounts Payable

10.0m2.2m10.8m12.0m6.4m8.4m8.6m

Cash From Operating Activities

82.9m85.3m101.1m108.0m102.2m102.6m165.1m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

3.2m8.6m12.7m6.1m13.4m22.8m6.6m9.7m14.7m32.6m32.3m39.8m7.5m10.8m15.8m4.3m23.3m45.9m

Depreciation and Amortization

3.0m6.5m10.4m4.2m9.0m14.2m7.0m14.7m24.9m10.9m22.2m33.9m11.9m25.3m37.3m10.5m23.9m31.1m

Accounts Payable

2.3m1.7m3.7m1.3m4.6m15.5m362.0k5.0m11.3m15.2m(6.0m)1.4m2.0m1.9m13.3m(2.3m)(4.0m)5.3m

Cash From Operating Activities

21.5m40.1m59.4m23.0m41.6m76.7m17.2m40.4m71.5m21.1m38.0m68.5m19.7m46.7m77.0m6.9m36.3m100.2m
USDFY, 2014

Revenue/Employee

640.6k

Financial Leverage

1.5 x
Show all financial metrics

Shutterstock Operating Metrics

Shutterstock's Customers was reported to be 1.8 m in Q1, 2018.
Show all operating metrics

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
Show more

Shutterstock Revenue Breakdown

Embed Graph

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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Shutterstock Online and Social Media Presence

Embed Graph

Shutterstock Company Culture

  • Overall Culture

    D

    58/100

  • CEO Rating

    F

    42/100

  • Compensation

    C-

    63/100

  • Diversity

    D-

    52/100

Learn more on Comparably

Shutterstock News and Updates

Shutterstock Announced As Exclusive Sponsor Of "Experience The Times Of Bill Cunningham" Exhibit At New York Fashion Week

NEW YORK, Sept. 10, 2021 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses and media companies, today announced an exclusive sponsorship with Experience the...

Shutterstock Launches FLEX Premium, Offering Greater Creative Flexibility To Small- And Medium-Sized Businesses

NEW YORK, Sept. 9, 2021 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses and media companies, today announced the launch of FLEX Premium, a new product driving...

Shutterstock Among This Week’s Small And Mid-Cap Securities

Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. This week, our deep-learning algorithms have identified Shutterstock among others.

Shutterstock Announces Integration With OpenText, A Worldwide Leader In Digital Asset Management

NEW YORK, Aug. 12, 2021 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced an API integration with OpenText. The integration will...

Exclusive: Shutterstock founder Jon Oringer is launching a pre-seed funding program to offer entrepreneurs quicker access to cash

Summary List PlacementWhen Shutterstock founder turned Miami-based investor Jon Oringer wants to find great entrepreneurs to back, he turns to professional networking site, LinkedIn. "We're often looking for these hidden gems," Oringer tells Insider in an exclusive interview. He estimates he has …

Shutterstock Reports Second Quarter 2021 Financial Results

NEW YORK, July 27, 2021 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced financial results for the second quarter...
Show more

Shutterstock Blogs

Chucky? Annabelle? How Dolls Became a Symbol of Horror

Take a look back at the history of spooky dolls, their origin as innocent ancient playthings, and their rise to (probably) cursed objects.  The post Chucky? Annabelle? How Dolls Became a Symbol of Horror appeared first on The Shutterstock Blog.

Video Tutorial: Create Retro Horror Movie Titles in After Effects

Add some old-school scary vibes to your next video project with this retro titles tutorial!

The Best (and Most Insightful) Genre Films at Fantastic Fest 2021

A close look into the blood, guts, and carnage from the many gritty genre films of Fantastic Fest 2021. Let's get scared!

The Clickiest Halloween Costumes According to Data

Are witches more popular than clowns? Will superheroes perform better than pirates? Here’s what we learned from artificial intelligence. Every year brings new costume trends inspired by current events. While some pop-culture costume predictions may score cool points in 2021, we wanted to find out w…

When Is It Okay to Use Famous Faces in Your Marketing Materials?

Head of the Rights and Clearance department, Corky Balch discusses the legality of using famous faces for your next campaign. The post When Is It Okay to Use Famous Faces in Your Marketing Materials? appeared first on The Shutterstock Blog.

Creating Horror Lighting with Just One Light

With Halloween fast approaching, let's take a look at how you can create an ominous atmosphere for your short film—using just one light. The post Creating Horror Lighting with Just One Light appeared first on The Shutterstock Blog.
Show more

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, Thomas R. Evans and Paul Hennessy.

  • How many employees does Shutterstock have?

    Shutterstock has 116 employees.

  • What is Shutterstock revenue?

    Latest Shutterstock annual revenue is $666.7 m.

  • What is Shutterstock revenue per employee?

    Latest Shutterstock revenue per employee is $5.7 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 11 other locations.

  • How many offices does Shutterstock have?

    Shutterstock has 15 offices.