Shutterstock Inc (N:SSTK)

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
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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

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