Shutterstock Historic Gross Revenue

Posted on 12/22/2019 by Jim Pickerell | Printable Version | Comments (0)

A reader wrote, “Over the years you’ve published Shutterstock’s gross revenue number. It would be good to see the ratio of corporate earnings to photographer earnings after this weeks 1 billion horn blow.”

The list below shows the years from 2004 through 2019, Shutterstock's gross income, the share paid to contributors, the royalty share percentage and the total images licensed during the year. In the 16 years Shutterstock had generated a total of $3,847,690,000 and paid out $1,011,659,000 to contributors.

I have estimated the gross revenue and royalties for 2019 since we don't have the full year figures yet. The figures for the years 2012 through 2018 are from their annual reports after they went public. They did not report gross revenue figures for the years 2004 through 2011 prior to going public . To arrive at the gross revenue figures for these years I used the royalty figures reported recently, assumed an average royalty share of 28% and calculated the Gross Income for each of those years. The average royalty paid photographers for the entire 16 year period has been about 26.3%. The average license fee for an image has been $2.84 and the average royalty per image licensed has been $0.75

It is also interesting that based on the Shutterstock 2019 Proxy Statement CEO Jon Oringer owns 16,354,133 shares of the company and they are currently trading at $42.73 per share. Thus, his holdings are worth $698, 812,103.

Year Gross Income Contributor Percent Images
    Royalty Royalty Licensed
2019 $645,000,000 $145,000,000 22.48% 187,000,000
2018 $623,300,000 $159,000,000 25.55% 179,600,000
2017 $557,100,000 $150,000,000 26.92% 172,000,000
2016 $494,300,000 $139,000,000 28.12% 167,900,000
2015 $425,100,000 $116,000,000 27.28% 147,200,000
2014 $328,000,000 $88,000,000 26.83% 125,900,000
2013 $235,500,000 $64,000,000 27.17% 100,100,000
2012 $169,200,000 $47,000,000 27.78% 76,000,000
2011 $120,271,000 $33,000,000 28.00% 58,600,000
2010 $82,973,000 $23,000,000 28.00% 44,100,000
2009 $61,099,000 $17,000,000 28.00% 34,000,000
2008 $52,744,000 $14,000,000 28.00% 34,000,000
2007 $30,066,000 $8,000,000 28.00% 22,600,000
2006 $10,720,000 $3,000,000 28.00%  
2005 $1,925,000 $539,000 28.00%  
2004 $42,857 $12,000 28.00%  
  $3,837,340,857 $1,006,551,000   1,349,000,000

Copyright © 2019 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz


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