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
HQ
New York, US
Founded
2003
Size (employees)
1,130 (est)+32%
Shutterstock was founded in 2003 and is headquartered in New York, US
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Key People/Management at Shutterstock

Jon Oringer

Jon Oringer

Founder, CEO
Steven Berns

Steven Berns

COO, CFO
Marty Brodbeck

Marty Brodbeck

CTO
David Petts

David Petts

Chief Revenue Officer
Lisa Nadler

Lisa Nadler

Chief Human Resources Officer
Louis Weiss

Louis Weiss

CMO
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Shutterstock Office Locations

Shutterstock has offices in Seattle, Los Angeles, Paris, Austin and in 16 other locations
New York, US (HQ)
350 Fifth Avenue, 21st Floor
Amsterdam, NL
495 Herengracht
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Shutterstock Financials and Metrics

Shutterstock Revenue

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Shutterstock's revenue was reported to be $557.11 m in FY, 2017 which is a 12.7% increase from the previous period.
USD

Revenue (Q2, 2018)

156.6 m

Gross profit (Q2, 2018)

88.7 m

Gross profit margin (Q2, 2018), %

56.6%

Net income (Q2, 2018)

(254 k)

EBIT (Q2, 2018)

5.6 m

Market capitalization (16-Aug-2018)

1.8 b

Closing stock price (16-Aug-2018)

51

Cash (30-Jun-2018)

289.8 m
Shutterstock's current market capitalization is $1.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

235.5 m328 m425.1 m494.3 m557.1 m

Revenue growth, %

39%30%16%13%

Cost of goods sold

90.6 m130 m174.5 m203.1 m233.1 m

Gross profit

144.9 m197.9 m250.6 m291.2 m324 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

59.6 m72.8 m80.2 m83.7 m97.5 m104.4 m107.3 m116.7 m124.4 m123.1 m130.2 m134 k153 m156.6 m

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 k64.5 m67.9 m

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 k88.5 m88.7 m

Gross profit Margin, %

61%60%60%60%59%59%59%59%58%59%60%57%58%57%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

155.4 m233.5 m241.3 m224.2 m253.4 m

Accounts Receivable

6.1 m15.3 m25.7 m38.1 m49.9 m

Prepaid Expenses

19.8 m12.1 m11.7 m22.6 m37.1 m

Current Assets

243.2 m323.5 m335.7 m339.8 m340.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

195.5 m158 m180.9 m210.8 m190.5 m211.5 m229.6 m220.6 m210.9 m238 m195.4 m210.6 k284.9 m289.8 m

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 k44.6 m44.7 m

Prepaid Expenses

22.5 m19.8 m14.5 m12.7 m14 m12.4 m12.1 m18.2 m16.6 m28 m29.2 k33.6 m27.3 m

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 k363 m361.9 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

26.5 m22.1 m19.6 m32.6 m16.7 m

Depreciation and Amortization

3.9 m7.9 m14.8 m19.9 m35.5 m

Accounts Payable

10.4 m10 m2.2 m10.8 m12 m

Cash From Operating Activities

56.4 m82.9 m85.3 m101.1 m108 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

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 k32.6 m32.3 m

Depreciation and Amortization

2.7 m1.6 m3.6 m5.8 m3 m6.5 m10.4 m4.2 m9 m14.2 m7 m14.7 k10.9 m22.2 m

Accounts Payable

6 m2.2 m6.6 m8 m2.3 m1.7 m3.7 m1.3 m4.6 m15.5 m362 k5 k15.2 m(6 m)

Cash From Operating Activities

32.5 m15.6 m36.8 m59.5 m21.5 m40.1 m59.4 m23 m41.6 m76.7 m17.2 m40.4 k21.1 m38 m
USDY, 2018

Financial Leverage

1.7 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

Acquired CompanyDateDeal 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
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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: 32.6% from Europe, 39.3% from North America and 28.1% from Rest of the world

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Shutterstock Online and Social Media Presence

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Shutterstock News and Updates

It’s not just you: Shutterstock has been up and down for the last day

We’ve been trying to get on Shutterstock all morning with no success, and it’s apparently not just us. The site has been down for everyone for a good part of the morning and, if Shutterstock’s Twitter is anything to go by, it might be so for a while. We were able to reach the main Shutterstock page …

The drug maker behind the first FDA-approved medication derived from marijuana has revealed how much it'll cost

On a call with investors this week, GW Pharmaceuticals revealed the price of Epidiolex, its newly-approved, marijuana-based drug for rare forms of epilepsy. Designed to treat two rare forms of childhood epilepsy using a marijuana compound called CBD, the drug is the first medication of its kind to…

Most people pursue mates who are 'out of their league,' according to a new dating site study

University of Michigan professors analyzed an online dating site's users in four cities — Chicago, New York, Seattle, and Boston. They found that most men and women reach out to people who are more desirable than themselves. The researchers also discovered that desirability is correlated with age,…

A police officer tased an 11-year-old girl accused of shoplifting

A Cincinnati police officer used a Taser on an 11-year-old girl after she was allegedly caught shoplifting at a local Kroger. According to the department’s policy, tasers can be used on children as young as seven years old. Cincinnati Police Chief Eliot Isaac has launched a review of their polic…

A new study says trying too hard at work is bad for your career

Putting in extra effort at work is something to brag about for many people, particularly in the US.  But working too hard can actually have a negative impact on your career and well-being, a new study finds. Researchers found that working extra hard has no positive effect on you getting ahead in y…

Exercise may be the best protection against aging that we have, according to new research

There's even more evidence that two forms of exercise — cardio and strength training — can help protect you against some of the wear and tear of aging. A new study in the Journal of the American Heart Association suggests that older folks who clock in more movement see better levels of key blood b…
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Shutterstock Company Life and Culture

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