Shutterstock Inc (Shutterstock) is a provider of stock photography, stock footage, stock music, and editing tools. The company's services include Images that consists of photographs, vectors and illustrations, footage which has video clips available in HD and 4K formats, high-quality music tracks and sound effects, 3 dimensional models, creative design software consisting of online graphic design and image editing platform. Its brand portfolio includes Shutterstock Editorial, Shutterstock, Shutterstock Select, Rocketstock and various others. The company operates in the US, the Netherlands, Germany, the UK, France, Italy, Japan, Brazil, Canada and Singapore. Shutterstock is headquartered in New York City, New York, the US.
Headquarters
United States of America
Address
350 5th Ave Fl 21, New York, 10118-2100
Website
www.shutterstock.com
Telephone
1 646 4194452
No of Employees
1,148
Industry
Media
Ticker Symbol & Exchange
SSTK (NYSE)
Revenue (2023)
$827.8M
16%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
28%
(2023 vs 2022)
Market Cap*
$2.8B
Net Profit Margin (2022)
XYZ
10.4%
(2023 vs 2022)
* As of and is in US$
Shutterstock Inc premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Creative content | Bigstock |
| Digital Imagery | Offset |
| Digital asset management | Rex Features |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In January, the company announced the launch of its AI image generation platform. |
| 2023 | Contracts/Agreements | In January, the company entered into a partnership with Meta for investment in AI. |
| 2022 | Contracts/Agreements | In November, the company entered into a long-term partnership to advance AI-powered technology with LG AI Research. |
Competitor Comparison
| Key Parameters | Shutterstock Inc | Google LLC | Warner Music Group Corp | Beijing Gehua CATV Network Co Ltd | Visual China Group Co Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | China | China |
| City | New York | Mountain View | New York | Beijing | Beijing |
| State/Province | New York | California | New York | Beijing | Beijing |
| No. of Employees | 1,148 | 85,000 | 5,900 | 3,479 | 579 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jon Oringer | Chairman | Executive Board | 2003 | 47 |
| Stan Pavlovsky | Chief Executive Officer; Director | Executive Board | 2022 | 50 |
| Jarrod Yahes | Chief Financial Officer | Senior Management | 2019 | 47 |
| Steven Ciardiello | Chief Accounting Officer | Senior Management | 2019 | - |
| Sejal Amin | Chief Technology Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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