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$ 16.24 1.25%

Annual report 2025
added 02-17-2026

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Shutterstock Cost of Revenue 2011-2026 | SSTK

Cost of Revenue is a financial metric that reflects all direct costs associated with the production of goods or the provision of services that directly led to revenue during the reporting period. It is the total amount of expenses incurred by the company to deliver its products or services, including both production costs and related expenses necessary for delivery or customer support.
What is included in the cost of revenue
Cost CategoryExamples
Production CostsMaterials, wages of production staff, depreciation of equipment
Service and SupportCustomer service, user support, technical assistance
Delivery and LogisticsPackaging, delivery of goods to customers
Hosting and InfrastructureServers, cloud platforms (especially for IT and SaaS companies)
Content and LicensesLicense purchases, production royalties (e.g., in streaming services)

Importance of the Metric
  • Helps to understand how costly the revenue-generating process is.
  • A high cost of revenue may indicate:
    Poor cost control
    Low operational efficiency
  • A low cost of revenue combined with high revenue indicates high profitability and business competitiveness.

Annual Cost of Revenue Shutterstock

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
407 M 396 M 353 M 314 M 278 M 260 M 278 M 268 M 233 M 203 M - - - - -

All numbers in USD currency

Indicator range from annual reports

Maximum Minimum Average
407 M 203 M 299 M

Quarterly Cost of Revenue Shutterstock

2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1
103 M 106 M 101 M - 104 M 91.3 M 88.2 M - 94.2 M 84.4 M 78.2 M - 79.9 M 77 M 69.5 M - 69.6 M 67.8 M 61.8 M 66.3 M 60.3 M 63.8 M 69.1 M 71.8 M 68.6 M 68.5 M 69.2 M 68.8 M 66.5 M 67.9 M 64.5 M 64.6 M 58.8 M 57.3 M 52.4 M - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Indicator range from quarterly reporting

Maximum Minimum Average
106 M 52.4 M 74.7 M

Cost of Revenue of other stocks in the Social internet industry

Issuer Cost of Revenue Price % 24h Market Cap Country
Despegar.com, Corp. Despegar.com, Corp.
DESP
208 M - - $ 1.59 B argentinaArgentina
Yandex N.V. Yandex N.V.
YNDX
360 B - - - niderlandNiderland
JOYY JOYY
YY
9.51 B - -2.53 % $ 54.4 B chinaChina
Lizhi Lizhi
LIZI
1.47 B - 2.19 % $ 2.9 B chinaChina
Luokung Technology Corp. Luokung Technology Corp.
LKCO
5.63 M - -46.36 % $ 1.8 M chinaChina
Baidu Baidu
BIDU
64.3 B $ 121.8 -1.83 % $ 41.9 B chinaChina
AutoWeb AutoWeb
AUTO
51.3 M - 0.78 % $ 5.38 M usaUSA
CarGurus CarGurus
CARG
18.5 M $ 31.06 0.65 % $ 2.96 B usaUSA
DouYu International Holdings Limited DouYu International Holdings Limited
DOYU
3.95 B $ 5.07 -1.55 % $ 156 M chinaChina
Phoenix New Media Limited Phoenix New Media Limited
FENG
597 M $ 1.88 4.44 % $ 22.6 M chinaChina
Airbnb Airbnb
ABNB
2.09 B $ 128.32 1.6 % $ 78.7 B usaUSA
Meta (Facebook) Meta (Facebook)
META
36.2 B $ 627.45 2.33 % $ 1.58 T usaUSA
BlueCity Holdings Limited BlueCity Holdings Limited
BLCT
728 M - 1.33 % $ 56.9 M chinaChina
ANGI Homeservices ANGI Homeservices
ANGI
47.4 M $ 7.62 3.11 % $ 349 M usaUSA
Points International Ltd. Points International Ltd.
PCOM
319 M - 1.3 % $ 360 M canadaCanada
Qutoutiao Qutoutiao
QTT
559 M - -38.43 % $ 6.99 M chinaChina
iQIYI iQIYI
IQ
27.5 B $ 1.29 -1.53 % $ 1.24 B chinaChina
Alphabet Alphabet
GOOG
163 B $ 304.42 0.98 % $ 3.69 T usaUSA
IZEA Worldwide IZEA Worldwide
IZEA
21.2 M $ 3.64 2.82 % $ 62.1 M usaUSA
Booking Holdings Booking Holdings
BKNG
3.4 B $ 4 293.02 1.22 % $ 139 B usaUSA
Youdao Youdao
DAO
2.88 B $ 10.26 2.4 % $ 1.2 B -
Gaia Gaia
GAIA
12.8 M $ 3.17 1.6 % $ 78.8 M usaUSA
Norwegian Cruise Line Holdings Ltd. Norwegian Cruise Line Holdings Ltd.
NCLH
5.64 B $ 19.84 5.08 % $ 8.9 B usaUSA
Cango Cango
CANG
629 M $ 0.68 4.61 % $ 142 M -
NetEase NetEase
NTES
39.5 B $ 119.54 2.74 % $ 383 B chinaChina
Lindblad Expeditions Holdings Lindblad Expeditions Holdings
LIND
322 M $ 16.93 4.76 % $ 902 M usaUSA
Carnival Corporation & plc Carnival Corporation & plc
CCL
11.8 B $ 24.72 3.02 % $ 32.4 B usaUSA
Fiverr International Ltd. Fiverr International Ltd.
FVRR
79.4 M $ 10.46 - $ 380 M israelIsrael
Liberty TripAdvisor Holdings Liberty TripAdvisor Holdings
LTRPA
119 M - -20.83 % $ 19.8 M usaUSA
MakeMyTrip Limited MakeMyTrip Limited
MMYT
22.2 M $ 45.76 0.57 % $ 3.89 B indiaIndia
Momo Momo
MOMO
6.45 B $ 6.03 0.67 % $ 2.23 B chinaChina
Moxian Moxian
MOXC
3.34 M - -1.96 % $ 34.2 M chinaChina
DoorDash DoorDash
DASH
6.74 B $ 167.78 3.98 % $ 71.6 B usaUSA
Match Group Match Group
MTCH
948 M $ 30.29 -1.62 % $ 7.35 B usaUSA
EverQuote EverQuote
EVER
19.4 M $ 15.72 -4.67 % $ 568 M usaUSA
Expedia Group Expedia Group
EXPE
1.52 B $ 231.46 1.35 % $ 34.7 B usaUSA
Sohu.com Limited Sohu.com Limited
SOHU
166 M $ 16.15 0.31 % $ 517 M chinaChina
Perion Network Ltd. Perion Network Ltd.
PERI
25.5 M $ 8.68 1.52 % $ 410 M israelIsrael
Spotify Technology S.A. Spotify Technology S.A.
SPOT
7.08 B $ 524.0 1.54 % $ 25.2 B luxembourgLuxembourg
Trip.com Group Limited Trip.com Group Limited
TCOM
9.99 B $ 52.25 1.02 % $ 34.2 B chinaChina
IAC/InterActiveCorp IAC/InterActiveCorp
IAC
810 M $ 37.78 1.4 % $ 3.03 B usaUSA
TuanChe Limited TuanChe Limited
TC
15.6 M $ 10.43 -0.4 % $ 5.43 B chinaChina