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Shutterstock

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    • RetailTechnologycontent providerecommercemarketplacephotography

    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.

    Revenue(FY, 2017)
    $557.1 M
    Market capitalization(2018-08-16)
    $1.8 B
    Customers(Q1, 2018)
    1.8 M
    Type
    Public
    HQ
    New York, US
    Founded
    2003
    Size (employees)
    1,130 (est)+32%
    Website
    shutterstock.com
    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
    Show more

    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
    Show all (20)
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    Shutterstock Financials and Metrics

    Shutterstock Revenue

    Embed Graph
    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%
    show all
    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
    show all
    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
    show all
    USDY, 2018

    Financial Leverage

    		1.7 x
    Show all financial metrics

    Shutterstock Operating Metrics

    Shutterstock's Customers was reported to be 1.8 m in Q1, 2018.
    Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

    Customers

    		900 k1 m1 m1.20 m1.20 m1.30 m1.40 m1.40 m1.50 m1.50 m1.60 m1.60 m1.70 m1.70 m1.70 m1.80 m1.80 m

    Content Contributors

    		50 k60 k60 k65 k70 k75 k80 k95 k120 k130 k160 k190 k190 k250 k300 k350 k400 k

    Paid Downloads

    		29.70 m31.50 m31.20 m125.90 m33.40 m35.90 m38.10 m147.20 m41.20 m43.40 m41.20 m167.90 m43.50 m42.70 m128 m172 m40 m

    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 $3.23 $3.13 $3.40
    Show all operating metrics

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

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    Competitors

    Pond5
    Technology - Private
    Fotolia
    Media & Entertainment - Subsidiary
    500px
    Technology - Subsidiary
    123RF
    Technology - Private
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    Shutterstock Online and Social Media Presence

    Embed Graph
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    Shutterstock News and Updates

    August 13, 2018

    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 …
    August 08, 2018

    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…
    August 08, 2018

    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,…
    August 08, 2018

    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…
    August 08, 2018

    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…
    August 08, 2018

    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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