Sector: Technology | Industry: Internet Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 350 Fifth Avenue, 20Th Floor NEW YORK NY 10118 |
Tel: | N/A |
Website: | https://www.shutterstock.com |
IR: | See website |
Key People | ||
Jonathan Oringer Executive Chairman of the Board, Founder | Paul J. Hennessy Chief Executive Officer, Director | Jarrod Yahes Chief Financial Officer |
John J. Lapham General Counsel | John Caine Global Head - E-Commerce |
Business Overview |
Shutterstock, Inc. (Shutterstock) is a provider of a global creative platform for connecting brands and businesses to quality content. The Company's offerings are distributed to customers in various ranges of brands, including Shutterstock, Pond5, TurboSquid, PicMonkey, PremiumBeat, Splash News, Bigstock, and Offset. Pond5 is a video-first content marketplace which expands the Company's content offerings across footage, image, and music. TurboSquid operates a marketplace that offers more than one million 3D models and a 2-dimensional (2D) marketplace derived from 3D objects. PicMonkey is an online graphic design and image editing platform. PremiumBeat offers music tracks and provides producers, filmmakers, and marketers the ability to search handpicked production music from the composers. Splash News provides editorial image and video content across celebrity. Its Shutterstock brand includes various content types and offerings, such as image, footage, music and editorial. |
Financial Overview |
For the fiscal year ended 31 December 2023, Shutterstock Inc revenues increased 6% to $874.6M. Net income increased 45% to $110.3M. Revenues reflect Enterprise segment increase of 33% to $434.6M, United States segment increase of 39% to $196.8M, Northern America excluding United States segment increase of 9% to $231M. Net income benefited from Impairment of lease and related assets decrease from $18.7M (expense) to $0K. |
Employees: | 1,274 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,570M as of Dec 31, 2023 |
Annual revenue (TTM): | $874.59M as of Dec 31, 2023 |
EBITDA (TTM): | $148.26M as of Dec 31, 2023 |
Net annual income (TTM): | $110.27M as of Dec 31, 2023 |
Free cash flow (TTM): | $57.24M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 35,544,416 as of Feb 21, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |