Shutterstock Inc (N:SSTK)
Business Focus: Internet Services
| 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 transformative brands and media companies. The Company's offerings are distributed to customers in various ranges of brands, including Splash News, Pond5, TurboSquid, Offset, PremiumBeat, Bigstock, PicMonkey, and Shutterstock Studios. Its Shutterstock brand includes various content types and offerings, such as images, footage, music, three-dimensional (3D), and creative design software. The Company's Splash News brand is an entertainment news agency for newsrooms and media companies worldwide. The Pond5 brand is a video marketplace. The TurboSquid brand is a 3D content marketplace. The PicMonkey brand is an online graphic design and image editing platform. The Offset brand is a high-end image collection. The Shutterstock Studios brand is an end-to-end custom creative shop. The PremiumBeat brand is a curated royalty-free music library. The Bigstock brand is engaged in stock media offering. |
| Financial Overview |
| For the three months ended 31 March 2023, Shutterstock Inc revenues increased 8% to $215.3M. Net income increased 24% to $32.8M. Revenues reflect Enterprise segment increase of 33% to $95.5M, United States segment increase of 44% to $42.6M, Northern America excluding United States segment increase of 12% to $56.5M. Net income benefited from Sales and marketing decrease of 10% to $46.9M (expense). |
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