Shutterstock
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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(2018-12-14)
    $1.3 B
    Customers(Q1, 2018)
    1.8 M

    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
    Show all (20)
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    Shutterstock Financials and Metrics

    Shutterstock Revenue

    Embed Graph
    View revenue for all periods
    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%
    show all
    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
    show all
    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
    show all
    USDY, 2018

    Financial Leverage

    		1.9 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
    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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    Competitors

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

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    Shutterstock News and Updates

    November 28, 2018

    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...
    November 15, 2018

    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...
    October 30, 2018

    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....
    October 17, 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....
    September 28, 2018

    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
    September 27, 2018

    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

    December 13, 2018

    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.
    December 13, 2018

    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.
    December 12, 2018

    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.
    December 11, 2018

    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.
    December 11, 2018

    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.
    December 10, 2018

    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.