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 Ratings3.3
Overall CultureB-

Latest Updates

Employees (est.) (Dec 2019)116(-88%)
Revenue (FY, 2019)$650.5 M(+5%)
Share Price (Jan 2021)$69.9 (-6%)
Cybersecurity ratingBMore

Key People/Management at Shutterstock

Jonathan Oringer

Jonathan Oringer

Executive Chairman of the Board
Jeff Epstein

Jeff Epstein

Director
Thomas R. Evans

Thomas R. Evans

Director
Avi Muchnick

Avi Muchnick

Chief Product Officer
Paul Hennessy

Paul Hennessy

Director
Peter Silvio

Peter Silvio

Chief Technology Officer
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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

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Shutterstock's revenue was reported to be $650.52 m in FY, 2019
USD

Revenue (Q3, 2020)

165.2m

Gross profit (Q3, 2020)

104.9m

Gross profit margin (Q3, 2020), %

63.5%

Net income (Q3, 2020)

22.6m

EBIT (Q3, 2020)

29.3m

Market capitalization (15-Jan-2021)

2.6b

Closing stock price (15-Jan-2021)

69.9

Cash (30-Sept-2020)

383.1m

EV

2.2b
Shutterstock's current market capitalization is $2.6 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, 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, 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, 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, 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, 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
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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Shutterstock Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Shutterstock Online and Social Media Presence

Embed Graph

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

West Ham United Football Club Selects Shutterstock as Exclusive Official Photographer and Distribution Partner

NEW YORK, Jan. 14, 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 exclusive three-year partnership with West Ham United...

Shutterstock Launches The Create Fund

NEW YORK, Dec. 10, 2020 /PRNewswire/ -- Shutterstock, Inc. (NYSE:SSTK), a leading global creative platform offering full-service solutions for brands, businesses and media in need of high-quality content, tools and services, today announced The Create Fund, a $300,000 artist grant program....

Stock Footage Software Market Growth Scope with Impact of COVID-19 Analysis by 2027 - Getty Images, Inc., Shutterstock, Inc., Storyblocks.com, Vimeo

Worldwide Stock Footage Software Industry Report 2020 added by The Insight Partners, covers valuable insights based on market valuation, market size, revenue forecast, SWOT Analysis and regional outlook of this industry. The report further illustrates the status of key players in the competitive set…

Shutterstock Launches New Creative Arm - Shutterstock Studios™

NEW YORK, Nov. 19, 2020 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), today announced the official launch of the highly anticipated Shutterstock Studios along with the hire of their new Head of Global Production, Aiden Darné. This new creative division extends Shutterstock's offering...

Shutterstock To Report Third Quarter 2020 Earnings Results on October 27, 2020

NEW YORK, Sept. 28, 2020 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering a creative platform for high-quality content, tools and services, will report its third quarter 2020 business and financial results on Tuesday, October 27, 2020 before...

Shutterstock Announces Pricing of Public Offering of Common Stock

NEW YORK, Aug. 12, 2020 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering a creative platform for high-quality content, tools and services, today announced the pricing of its public offering of 2,580,000 shares of its common stock at a price to...
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Shutterstock Blogs

How I Transformed This Dull Interview Location into Something Cinematic

Follow this step-by-step process of transforming a less-than-ideal interview location into something visually pleasing to the eye.

Design Through the Decades: From the 1900s to the 1950s

Take a look at design through the decades from the 1900s up to the present-day in the first of this two-part series. The post Design Through the Decades: From the 1900s to the 1950s appeared first on The Shutterstock Blog.

Breaking Down Quentin Tarantino’s Iconic Trunk Shot

From Reservoir Dogs to Kill Bill, we open up about what this director’s iconic trunk shot means and how he (and others) achieve it.

16 Illustration Subjects that Successfully Sell on Shutterstock

Moving into 2021, we asked more than twenty talented artists to discuss their favorite best-selling subjects to illustrate. The post 16 Illustration Subjects that Successfully Sell on Shutterstock appeared first on The Shutterstock Blog.

An Interview with “Assassins” Cinematographer John Benam

Cinematographer John Benam shares his experience filming the controversial Sundance feature documentary "Assassins."

The 10 Best YouTube Channels to Follow for Filmmakers in 2021

From cinematographer to editor, here are ten YouTube channels worthy of your subscription that will help you learn more about your craft.
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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 Thomas R. Evans.

  • 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 11 other locations.

  • How many offices does Shutterstock have?

    Shutterstock has 15 offices.