Revenue per customer: An average customer spent $368.Revenue from subscribers: In 2021, subscriptions brought $317.50 million to Shutterstock, 41.05% of the total revenue.In 2020, Shutterstock had 281,000 subscribers. Number of subscribers: Shutterstock has $343,000, active subscribers.How many subscribers does Shutterstock have? Subscribers are defined as customers who buy one or more monthly recurring plans for at least three months. Shutterstock e-commerce and enterprise revenue reports (2016–2021) and predictions (2022–2024). In 2018, e-commerce revenue accounted for 58.98%. E-commerce revenue accounts for 63% of total revenue.Shutterstock’s e-commerce revenue could reach $598 million by 2024, with enterprise revenue projected at $394 million.Enterprise revenue was $283 million in 2021, up 11.4% from 2020.Shutterstock defines e-commerce revenue as licenses purchased through its self-service websites, while enterprise customers are customers with specific content, licensing, and workflow requirements. Compared to 2017: Shutterstock’s net income increased by 549% compared to 2017, from $17 million to $92 million.Forecast: In 2022, net income could reach $93 million and up to $152 million in 2024.Net income: Shutterstock’s net income reached $92 million in 2021, up 28 percent from $72 million in 2020.Shutterstock cost of revenue reports (2016–2021) and predictions (2022–2024). The cost of revenue is forecasted to reach $305 million in 2022 and $341 million in 2024.In 2021, the cost of revenue stacked up to $278 million, a 7% increase compared to $260 million in 2020.Cost of revenueĬost of revenue comprises royalties paid to contributors, credit card processing fees, content review costs, customer service expenses, hosting and infrastructure costs, and other overhead costs. Revenue demographics: 37% of revenue from the US, 33% from Europe, and 30% from the rest of the world.Shutterstock’s revenue has increased 56.46 percent since 2016 and is expected to double by 2024.By 2024, Shutterstock’s revenue is expected to reach $967.83 million.Shutterstock’s revenue increases 9.49 percent over time, with the largest increase in 2021 (16.01 percent) and the smallest in 2020.Shutterstock’s revenue was $773.42 million in 2021, up 16 percent from $666.69 million in 2020.The multinational stock photo agency has continued to generate a steady growth of global annual revenue throughout recent years. dollars, up 16% from 666.69 million dollars in 2020. In 2021, Shutterstock generated global annual revenue of 773.42 billion U.S. Shutterstock revenue increased by 16.01% and net income by 28.03% in 2021 compared to 2020. Stock photography, stock footage, stock musicģ50 Fifth Avenue, 21st Floor, New York, NY 10118, USA The following article collects all available Shutterstock data, as well as Photutorial-original research and forecasts. Now, Shutterstock maintains a library of over 400 million stock images, video clips, and music tracks available for royalty-free licensing. Shutterstock is a provider of stock photos, footage, and stock music with a worldwide market. Learn more › Shutterstock Statistics (2022) When you buy through our links, we may earn a commission. We independently review everything we recommend.
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