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.

Employee Rating

2.7More
TypePublic
HQNew York, US
Founded2003
Size (employees)1,130 (est)
Websiteshutterstock.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
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Shutterstock Office Locations

Shutterstock has offices in New York, Nashville, Las Vegas, Boston and in 16 other locations
New York, US (HQ)
Empire State Building 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 (Q3, 2018)

151.6m

Gross profit (Q3, 2018)

85.1m

Gross profit margin (Q3, 2018), %

56.2%

Net income (Q3, 2018)

7.4m

EBIT (Q3, 2018)

6.7m

Market capitalization (14-Dec-2018)

1.3b

Closing stock price (14-Dec-2018)

36.8

Cash (30-Sep-2018)

206.4m
Shutterstock's current market capitalization is $1.3 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

328.0m425.1m494.3m557.1m

Revenue growth, %

39%30%16%13%

Cost of goods sold

130.0m174.5m203.1m233.1m

Gross profit

197.9m250.6m291.2m324.0m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

233.5m241.3m224.2m253.4m

Accounts Receivable

15.3m25.7m38.1m49.9m

Prepaid Expenses

12.1m11.7m22.6m37.1m

Current Assets

323.5m335.7m339.8m340.5m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

190.5m211.5m229.6m220.6m210.9m238.0m195.4m210.6m284.9m289.8m206.4m

Accounts Receivable

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

Prepaid Expenses

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

Current Assets

289.7m313.4m330.2m329.3m328.8m351.9m316.3m332.9m363.0m361.9m280.6m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

22.1m19.6m32.6m16.7m

Depreciation and Amortization

7.9m14.8m19.9m35.5m

Accounts Payable

10.0m2.2m10.8m12.0m

Cash From Operating Activities

82.9m85.3m101.1m108.0m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

3.2m8.6m12.7m6.1m13.4m22.8m6.6m9.7m14.7m32.6m32.3m39.8m

Depreciation and Amortization

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

Accounts Payable

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

Cash From Operating Activities

21.5m40.1m59.4m23.0m41.6m76.7m17.2m40.4m71.5m21.1m38.0m68.5m
USDY, 2018

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

Acquired CompanyDateDeal 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: 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

Introducing Shutterstock Select, Premium Footage Filmed by Industry Experts

NEW YORK, Nov. 28, 2018 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering high-quality assets, tools and services through its creative platform, today announced Shutterstock Select, a premium tier of royalty-free video content. The diverse...

Shutterstock Launches Workflow Extension for Final Cut Pro X to Enable Seamless Access to Video, Image, and Music Collections

NEW YORK, Nov. 15, 2018 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering high-quality assets, tools and services through its creative platform, today announced a new content integration within Final Cut Pro X. The Shutterstock extension is the...

Shutterstock Reports Third Quarter 2018 Financial Results

NEW YORK, Oct. 30, 2018 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global technology company offering high-quality assets, tools and services through its creative platform, today announced financial results for the third quarter ended September 30, 2018....

Shutterstock Announces Editorial Content on its eCommerce Platform is Now Available for License

NEW YORK, Oct. 17, 2018 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering high-quality assets, tools and services through its creative platform, today announced Editorial content on its eCommerce Platform is now available for license....

Visual Content 2018 Global Market Key Players – 123RF, Dreamstime Fotolia, Getty Image, Shutterstock, Alamy, AP Images, Depositphotos, Dissolve – Analysis and Forecast to 2023

WiseGuyRerports.com Presents “Global Visual Content Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Shutterstock To Report Third Quarter 2018 Earnings Results on October 30, 2018

NEW YORK, Sept. 27, 2018 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering a creative platform for high-quality assets, tools and services, will report its third quarter 2018 business and financial results on Tuesday, October 30, 2018 before the ...
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Shutterstock Blogs

How to Earn Money through the Shutterstock Referral Program

There's more than one way to earn a living through Shutterstock. Here's how Shutterstock contributors can earn money by referring both customers and other contributors from your network. The post How to Earn Money through the Shutterstock Referral Program appeared first on The Shutterstock Blog.

Your Holiday Gift Guide: 15 Must-Have Books for Photographers

Looking for a stocking-stuffer for the photographer in your life? We interviewed these fifteen pro photographers to uncover their favorite inspirational reads in their personal libraries. The post Your Holiday Gift Guide: 15 Must-Have Books for Photographers appeared first on The Shutterstock Blog.

Design a Seamless Pattern Wreath in 4 Simple Steps

Spruce up your holiday card designs and add a hint of personality with a custom seamless wreath. Here we show you how to make one entirely in Adobe Illustrator. The post Design a Seamless Pattern Wreath in 4 Simple Steps appeared first on The Shutterstock Blog.

Avoiding Mistakes on Set: How to Properly Set Up A Product Photoshoot

Everyone has messed up once or twice trying something new. Here's what I learned setting up my first product photo shoot. The post Avoiding Mistakes on Set: How to Properly Set Up A Product Photoshoot appeared first on The Shutterstock Blog.

5 Expert Tips for Shooting Mouthwatering Cocktail Photos

Learn how the pros capture refreshing images of delicious cocktails with tips and stories from these five established food photographers. The post 5 Expert Tips for Shooting Mouthwatering Cocktail Photos appeared first on The Shutterstock Blog.

A Beginner’s Guide to Creating Gate Fold Flyers in Adobe InDesign

Gate fold flyers are simple and effective as marketing materials. Learn the basic process of creating one in Adobe InDesign as we walk beginning designers through this easy step-by-step tutorial. The post A Beginner’s Guide to Creating Gate Fold Flyers in Adobe InDesign appeared first on The Shutte…
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Shutterstock Company Life and Culture

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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 Jon Oringer, Steven Berns and Marty Brodbeck.

  • How many employees does Shutterstock have?

    Shutterstock has 1,130 employees.

  • What is Shutterstock revenue?

    Latest Shutterstock annual revenue is $557.1 m.

  • What is Shutterstock revenue per employee?

    Latest Shutterstock revenue per employee is $493 k.

  • Who are Shutterstock competitors?

    Competitors of Shutterstock include Adobe, 123RF and 500px.

  • Where is Shutterstock headquarters?

    Shutterstock headquarters is located at Empire State Building 350 Fifth Avenue, 21st Floor, New York.

  • Where are Shutterstock offices?

    Shutterstock has offices in New York, Nashville, Las Vegas, Boston and in 16 other locations.

  • How many offices does Shutterstock have?

    Shutterstock has 20 offices.