Shutterstock Reports $83.7 Million For Q3 2014

Posted on 11/7/2014 by Jim Pickerell | Printable Version | Comments (2)

Shutterstock has reported $83.7 million in revenue and total downloads of 31.2 million for Q3 2014. About 30 percent of the revenue was paid out to contributors in royalties. At the end of the quarter the company had 491 employees worldwide. The average price per download was $2.65 up from $2.35 in the previous quarter and an 13% increase compared to Q2 2013. This increase in the average price was due primarily to a growing number of Enterprise and Video sales.

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Jim Pickerell is founder of, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to:  


  • Jesse Hughes Posted Nov 7, 2014
    Anyone know how many contributors they are up to now? i.e. what's the average shooter pulling down from that 25 million bucks paid out to contributors.

  • Jim Pickerell Posted Nov 18, 2014
    Jesse: Shutterstock says they have "over 60,000 contributors. That would work out to about $416 per quarter or $1,664 per year. Of course, the vast majority earn less than the average and a few earn more.

    I know one photographer who earned more than $6,000 in the month of September and several who average in the range of $3,000 a month.

    It was rumored that Yuri Arcurs was getting 4,000 downloads a day before he decided to quite Shutterstock and go exclusive with iStock. That would have worked out to about $45,000 a month, but for Yuri that wasn't enough to cover his production costs.

    One of the big problems for many microstock shooters is that even though they are non-exclusives and have their images with iStock and many other distributors 60% to 80% of their monthly revenue comes from Shutterstock. Shutterstock is taking market share, but what happens when they get 100% of the market?

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