Shutterstock Inc - Company Profile
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Shutterstock Inc (Shutterstock) is a provider of stock photography, stock footage, stock music, and editing tools. The company's services include images that consist of photographs, vectors and illustrations, footage that 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 an image editing platform. Its brands include Shutterstock Editorial, Shutterstock, Shutterstock Select and Rocketstock, among 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
20th Floor, 350 Fifth Avenue, New York, 10118
Website
www.shutterstock.com
Telephone
1 646 4194452
No of Employees
1,274
Industry
Media
Ticker Symbol & Exchange
SSTK (NYSE)
Revenue (2022)
$874.6M
5.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
44.9%
(2022 vs 2021)
Market Cap*
$1.5B
Net Profit Margin (2022)
XYZ
37.2%
(2022 vs 2021)
* As of and is in US$
Shutterstock Inc premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Creative Content | Bigstock |
| Digital Asset Management | Offset |
| Digital Imagery | 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 |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In February, the company acquired Backgrid. |
| 2023 | Contracts/Agreements | In August, the company announced a collaboration with Luma Labs AI, RECON Labs and Volinga AI to expand research and development into next phase of 3D AI technology. |
| 2023 | Contracts/Agreements | In July, the company expanded its partnership with OpenAI to build new generative AI tools. |
Competitor Comparison
| Key Parameters | Shutterstock Inc | Warner Music Group Corp | Beijing Gehua CATV Network Co Ltd | Visual China Group Co Ltd | Canvas Media Studios |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | China | China | United States of America |
| City | New York | New York | Beijing | Beijing | - |
| State/Province | New York | New York | Beijing | Beijing | - |
| No. of Employees | 1,274 | 5,900 | 3,409 | 486 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jonathan Oringer ? | Chairman | Executive Board | 2020 | 48 |
| Paul J. Hennessy | Chief Executive Officer; Director | Executive Board | 2015 | 58 |
| Jarrod Yahes | Chief Financial Officer | Senior Management | 2019 | 48 |
| Sejal Amin | Chief Technology Officer | Senior Management | - | - |
| Rachel Mahoney | Chief Marketing Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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