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Getty Images Receives Notice from NYSE Regarding Continued Listing Standard
Globenewswire· 2026-03-19 13:00
NEW YORK, March 19, 2026 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (NYSE: GETY) (“Getty Images” or the “Company”) today announced that on March 17, 2026 it received written notice from the New York Stock Exchange (“NYSE”) indicating that the Company is not currently in compliance with Section 802.01C of the NYSE Listed Company Manual, which requires an average closing share price of at least $1.00 over a consecutive 30 trading-day period. The Notice does not result in any immediate impact on the listi ...
Getty Images shares jump as revenue beat overshadows earnings miss
Proactiveinvestors NA· 2026-03-17 14:38
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Getty Images Q4 Earnings Call Highlights
Yahoo Finance· 2026-03-16 22:53
Management attributed a meaningful portion of Q4 results to two new multi-year licensing agreements signed during the quarter. Peters said one deal was with a “major social platform” covering display rights for pre-shot visual content across creative and editorial, and the other was with a “large AI company” covering the use of Getty Images’ data and creative content.In the fourth quarter, revenue totaled $282.3 million , up 14.1% year over year (or 12.7% currency-neutral). Adjusted EBITDA rose to $104.1 mi ...
Getty Images Holdings, Inc. (GETY) Reports Q4 Loss, Beats Revenue Estimates
ZACKS· 2026-03-16 22:25
Core Insights - Getty Images Holdings, Inc. reported a quarterly loss of $0.22 per share, significantly worse than the Zacks Consensus Estimate of $0.05, marking an earnings surprise of -540.00% [1] - The company generated revenues of $282.29 million for the quarter ended December 2025, exceeding the Zacks Consensus Estimate by 14.03%, compared to $247.32 million in the same quarter last year [2] - The stock has declined approximately 45.8% year-to-date, contrasting with the S&P 500's decline of 3.1% [3] Earnings Outlook - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at $0.04 for the upcoming quarter and $0.16 for the current fiscal year [7] - The estimate revisions trend prior to the earnings release was favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Internet - Software industry, to which Getty Images belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, which may negatively impact stock performance [8]
Getty Images (GETY) - 2025 Q4 - Earnings Call Transcript
2026-03-16 21:32
Financial Data and Key Metrics Changes - For the full year 2025, the company reported record revenue of $981.3 million, representing a year-over-year growth of 4.5% and 3.8% on a currency neutral basis [4][5] - Adjusted EBITDA for the full year was $320.9 million, with a margin of 32.7%, both metrics exceeding the high end of guidance [5][25] - In Q4 2025, revenue reached $282.3 million, a year-over-year increase of 14.1% and 12.7% on a currency neutral basis [5][13] - Q4 adjusted EBITDA was $104.1 million, up 29.1% reported and 27.2% on a currency neutral basis, with a margin of 36.9% [5][25] Business Line Data and Key Metrics Changes - Creative revenue in Q4 was $149 million, up 4.6% year-on-year, driven by accelerated revenue from two large licensing deals, despite a 16% decline in agency revenue [20] - Editorial revenue for Q4 was $109.4 million, up 21.4% year-on-year, with growth across all four verticals: news, sport, entertainment, and archive [21][22] - Annual subscription revenue grew 1% year-over-year, with Premium Access, the largest subscription, up 4.1% in Q4 [18] Market Data and Key Metrics Changes - The Americas region saw a revenue increase of 20.8% in Q4 on a currency neutral basis, while EMEA was up 6.1% and APAC down 13% due to challenges in the agency business [17] - Active annual subscribers totaled 278,000 in Q4, down from 314,000 in the previous year, primarily due to the discontinuation of the free trial program [19] Company Strategy and Development Direction - The company aims to strengthen its recurring revenue base and expand long-term partnerships, as evidenced by securing significant multi-year licensing agreements [6][7] - Continued investment in machine learning capabilities to enhance content discovery and customer experience is a strategic focus [10] - The company is optimistic about future growth opportunities in video and custom AI training sets, indicating a proactive approach to evolving market demands [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's durable business model, highlighting strong customer relationships and a diversified revenue mix as key strengths [4][11] - The company anticipates a revenue range of $948 million to $988 million for 2026, reflecting a decline due to the timing of revenue recognition from large licensing agreements [32][34] - Management noted that the core business is expected to grow, excluding the impact of challenging year-on-year comparisons from the previous year [35] Other Important Information - The company reported a decrease in free cash flow to $7.7 million in Q4, attributed to higher cash interest expenses [27][28] - Total debt outstanding was $2.01 billion as of December 31, 2025, with a net leverage of 4.0x [29][30] Q&A Session Summary Question: Insights on licensing deals and their long-term applicability - Management highlighted the relevance of content in social media and large language models as key drivers for the licensing deals, indicating potential for more such agreements in the future [38][39] Question: Reasons for decline in active annual subscribers and retention rates - The decline in active annual subscribers was primarily due to the end of the free trial program, with expectations for retention rates to improve as the impact cycles through [40][42] Question: Clarification on 2026 revenue guidance and data licensing - Management clarified that the large deals recognized in Q4 are not purely data licensing deals, and while there is a pipeline for future deals, specifics are not included in the 2026 guidance [47][49]
Getty Images (GETY) - 2025 Q4 - Earnings Call Transcript
2026-03-16 21:32
Financial Data and Key Metrics Changes - For the full year 2025, the company reported record revenue of $981.3 million, representing a year-over-year growth of 4.5% and 3.8% on a currency neutral basis [4][5] - Adjusted EBITDA for the full year was $320.9 million, with a margin of 32.7%, both metrics exceeding the high end of guidance [5][25] - In Q4, revenue reached $282.3 million, a year-over-year increase of 14.1% and 12.7% on a currency neutral basis, with adjusted EBITDA rising to $104.1 million, up 29.1% reported and 27.2% on a currency neutral basis [5][13] Business Line Data and Key Metrics Changes - Creative revenue in Q4 was $149 million, up 4.6% year-on-year, while editorial revenue was $109.4 million, up 21.4% year-on-year [20][21] - Annual subscription revenue grew 1% year-over-year, with Premium Access, the largest subscription, up 4.1% in Q4 [18] - Custom content grew by more than 20%, and Unsplash+ subscribers increased by over 30% to more than 50,000 [8] Market Data and Key Metrics Changes - The Americas region saw a revenue increase of 20.8% in Q4 on a currency neutral basis, while EMEA was up 6.1% and APAC was down 13% [17] - The agency business faced challenges, while corporate and media segments returned to growth in Q4, with corporate growth exceeding 25% [16][17] Company Strategy and Development Direction - The company aims to strengthen its recurring revenue base and expand long-term partnerships, focusing on high-quality content and customer relationships [4][7] - New multi-year licensing agreements were secured, including partnerships with a major social platform and a large AI company, which are expected to enhance revenue streams [6][15] - The company is investing in machine learning capabilities to improve content discovery, reinforcing its competitive advantage [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to perform consistently despite broader market variability, citing a strong pipeline of long-term deals and customer demand for high-quality content [11][12] - The company anticipates revenue for 2026 to be between $948 million and $988 million, reflecting a decline due to the timing of revenue recognition from large licensing agreements [32][34] Other Important Information - The company ended 2025 with $90.2 million in cash, down from the previous year, primarily due to merger-related expenses [28] - Total debt outstanding was $2.01 billion, with a net leverage of 4.0x at the end of Q4 [29][30] Q&A Session Summary Question: Insights on licensing deals and their long-term applicability - Management highlighted the relevance of content in social media and large language models as key drivers for the licensing deals, indicating potential for more such agreements in the future [38][39] Question: Reasons for decline in active annual subscribers and retention rates - The decline in active annual subscribers was attributed to the cessation of the free trial program, with expectations for retention rates to improve as the impact of this change cycles through [40][42] Question: Mix of data licensing for training purposes relative to display licensing - Management clarified that the large deals discussed do not pertain to pure data licensing and that specific revenue projections for 2026 have not been quantified [45][47]
Getty Images (GETY) - 2025 Q4 - Earnings Call Transcript
2026-03-16 21:30
Getty Images (NYSE:GETY) Q4 2025 Earnings call March 16, 2026 04:30 PM ET Speaker3Good afternoon, and welcome to Getty Images' fourth quarter and full year 2025 earnings conference call. Today's call is being recorded. We have allocated one hour for prepared remarks and Q&A. At this time, I would like to turn the conference over to Steven Kanner, Vice President of Investor Relations and Treasury at Getty Images. Thank you. You may begin.Speaker5Good afternoon, and thank you for joining our fourth quarter an ...
Getty Images (GETY) - 2025 Q4 - Annual Results
2026-03-16 20:10
Getty Images Reports Fourth Quarter and Full Year 2025 Results New York, NY, March 16, 2026 – Getty Images Holdings, Inc. ("Getty Images" or the "Company") (NYSE: GETY), a preeminent global visual content creator and marketplace, today reported financial results for the fourth quarter and full year ended December 31, 2025. "In our 30th anniversary year we delivered record revenue, with growth across both Creative and Editorial," said Craig Peters, Chief Executive Officer at Getty Images. "In a year defined ...
Getty Images (GETY) - 2025 Q4 - Annual Report
2026-03-16 20:10
Revenue Composition - Getty Images' annual subscriptions represented more than half of total revenue as of December 31, 2025, indicating a significant shift towards subscription products [23]. - Creative content accounted for 56.7% of revenue in 2025, with 58.2% of that generated through annual subscription products [26]. - Editorial content contributed 37.7% of revenue in 2025, with 53.5% derived from annual subscription products [26]. - The corporate market contributed approximately 59% of revenue in 2025, highlighting a strong focus on this segment for future growth [29]. - The company paid over $220 million in royalties to content contributors in 2025, with approximately 75% of revenue generated from exclusive content [4]. Customer Metrics - The company added over 365,000 new customers during the year ended December 31, 2025, demonstrating strong customer acquisition efforts [30]. - Customer acquisition cost decreased by over 15% since 2019, reaching $146 in 2025, reflecting improved marketing efficiency [34]. - Total purchasing customers decreased to 689 thousand for the LTM ended December 31, 2025, compared to 717 thousand in 2024 and 799 thousand in 2023, attributed to a decline in iStock subscriptions [414]. - Total active annual subscribers decreased to 278 thousand for the LTM ended December 31, 2025, compared to 314 thousand in 2024, but increased from 236 thousand in 2023, with declines driven by iStock subscriptions [416]. - Annual revenue per purchasing customer grew by 8.7% to $1,424 for the LTM ended December 31, 2025, up from $1,310 in 2024 [414]. - LTM annual subscriber revenue retention rate was 89.9% for the year ended December 31, 2025, down from 92.9% in 2024 and 92.4% in 2023 [412]. Content and Assets - Getty Images has a growing library of over 645 million total assets, providing unmatched depth and quality to meet customer needs [28]. - The company has over 600,000 contributors, with more than 83,000 being exclusive to Getty Images, enhancing its content offerings [27]. - The company maintains one of the largest privately-owned photographic archives in the world, with over 150 million images, which serves as a key differentiator [10]. - Image collection increased to 609 million as of December 31, 2025, up from 572 million in 2024 and 535 million in 2023 [412]. - Video collection increased to 36 million as of December 31, 2025, compared to 32 million in 2024 and 28 million in 2023 [412]. Financial Performance - For the year ended December 31, 2025, cash provided by operating activities was $65.2 million, a decrease of 44.9% compared to $118.3 million in 2024, primarily due to merger-related costs of $45.7 million [374]. - Cash used in investing activities for 2025 was $59.5 million, down 17.9% from $72.5 million in 2024, attributed to the acquisition of Motorsport Images LLC and Motorsport.com, Inc. in the prior year [378]. - Financing activities provided $576.2 million in 2025, a significant increase of 1124.9% compared to cash used of $56.2 million in 2024, driven by proceeds from debt issuance and common stock [379]. - Adjusted EBITDA for the year ended December 31, 2025, was $320.9 million, with an Adjusted EBITDA margin of 32.7% [426]. - Net loss for the year ended December 31, 2025, was $206.2 million, compared to a net income of $39.5 million in 2024 [429]. - Adjusted net loss income for the year ended December 31, 2025, was $(11.1) million, down from $49.0 million in 2024 [429]. - Diluted earnings per share for the year ended December 31, 2025, was $(0.50), compared to $0.10 in 2024 [429]. Strategic Initiatives - In 2023, Getty Images launched a generative AI image tool, designed to be commercially safe and trained on its creative content [33]. - The company launched Generative AI by Getty Images in 2023 and plans to launch Generative AI by iStock in early 2024, focusing on commercially safe AI text-to-image generation services [6]. - The company is actively investing in digital marketing and localization to penetrate high-growth geographies, aiming to capture increased market share [37]. - The company has a successful track record of executing and integrating strategic acquisitions to leverage content and accelerate growth [7]. - The company may evaluate potential acquisitions and investments as part of its growth strategy, depending on market conditions [372]. Market Environment - The competitive landscape includes various digital content providers, with principal competitors being Adobe, Shutterstock, and generative AI services like Midjourney and Dall-E [8]. - The Nebraska, New Hampshire, and New Jersey Data Privacy Acts, among others, regulate how the company collects and processes personal data, which may impact operations [71]. - The company is subject to evolving tax regulations, including the Tax Cuts and Jobs Act of 2017, which may materially affect financial results [372]. - The company expects changes from the One Big Beautiful Bill Act (OBBBA) to reduce its annual U.S. tax liability and cash taxes in 2025 and 2026 [372]. Operational Insights - Video attachment rate decreased to 15.9% for the year ended December 31, 2025, down from 16.5% in 2024, with approximately 33% of Getty Images and 13% of iStock customers purchasing video [1]. - LTM paid download volume was 92 million for the year ended December 31, 2025, compared to 93 million in 2024 and 95 million in 2023 [412]. - Paid download volume decreased slightly for the LTM ended December 31, 2025, compared to the prior years, indicating steady demand despite macro-economic challenges [418]. - The video attachment rate decreased to 15.9% in the LTM ended December 31, 2025, from 16.5% in the prior year, reflecting lower volumes of video downloaders on the iStock platform [423]. - The company had no material letters of credit outstanding or other off-balance sheet arrangements as of December 31, 2025, 2024, and 2023 [390]. - The company does not believe that inflation has had a material effect on its business, financial condition, or results of operations [391].
Getty Images Reports Fourth Quarter and Full Year 2025 Results
Globenewswire· 2026-03-16 20:07
Delivered full-year revenue of $981.3 million, well above upper end of guidance and the highest reported revenue in the Company’s 30-year historyFull-year revenue growth of 4.5%, currency neutral growth of 3.8%Q4 revenue growth of 14.1%, currency neutral growth of 12.7%Shutterstock merger has obtained regulatory clearance without conditions in all jurisdictions except UK, where the CMA’s final report is due by June 14 NEW YORK, March 16, 2026 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (“Getty Images” o ...