Shutterstock has reported Q2 2018 revenue of
$156.6 million up $22.6 million or 16.9% compared to Q2 2017. (The comparison excludes the 2017
revenue from Webdam which was divested in Q1 2018.) Revenue per download averaged
$3.41 per image, an increase of 12% over Q2 2017. (Much of this growth is probably due to increased sales of video content offered at much higher prices than still image content.)