Revenue Performance - Revenue for Q3 2024 was $240.5 million, a 4.9% year-over-year increase, with currency neutral growth of 5.4%[3] - Revenue for Q3 2024 increased to $240.5 million, up 4.9% from $229.3 million in Q3 2023[20] - Updated 2024 revenue guidance is $934 million to $943 million, representing a year-over-year growth of 1.9% to 2.9%[9] - The company raised its 2024 guidance for both revenue and Adjusted EBITDA due to strong performance and foreign currency rates[2] - Total revenue for the nine months ended September 30, 2024, was $691.963 million, a 0.2% increase compared to $690.616 million for the same period in 2023[32] - Creative revenue for the nine months ended September 30, 2024, was $410.445 million, a 5.2% decrease compared to $432.927 million for the same period in 2023[32] - Editorial revenue for the nine months ended September 30, 2024, was $255.827 million, a 4.5% increase compared to $244.911 million for the same period in 2023[32] - Other revenue for the nine months ended September 30, 2024, was $25.691 million, a 101.1% increase compared to $12.778 million for the same period in 2023[32] Subscriber Growth - Annual subscribers grew nearly 50%, with annual subscriber revenue representing 52.4% of total revenue[1] - LTM total active annual subscribers increased by 47.7% to 298,000, compared to 202,000 in the prior year[8] Profitability and Loss - Net loss for Q3 2024 was $2.5 million, compared to a net loss of $18.4 million in Q3 2023, with a net loss margin of 1.1%[3] - Net income for Q3 2024 improved to a loss of $2.5 million, compared to a loss of $18.4 million in Q3 2023[20] - Basic and diluted net loss per share for Q3 2024 was $0.01, compared to $0.05 in Q3 2023[20] - Net income for the nine months ended September 30, 2024, was $14.749 million, compared to a net loss of $19.522 million for the same period in 2023[23] Adjusted EBITDA - Adjusted EBITDA for Q3 2024 was $80.6 million, up 0.4% year-over-year, with an Adjusted EBITDA margin of 33.5%[3] - Adjusted EBITDA guidance for 2024 is $292 million to $294 million, with a year-over-year decline of 3.1% to 2.5%[9] - Adjusted EBITDA for the nine months ended September 30, 2024, was $219.666 million, compared to $229.292 million for the same period in 2023[28] - Adjusted EBITDA margin for the nine months ended September 30, 2024, was 31.7%, compared to 33.2% for the same period in 2023[28] Cash Flow and Liquidity - Free cash flow for Q3 2024 was $(1.8) million, compared to $12.8 million in the prior year period[4] - Cash and cash equivalents decreased to $109.9 million as of September 30, 2024, from $136.6 million as of December 31, 2023[21] - Free Cash Flow for the nine months ended September 30, 2024, was $36.301 million, compared to $57.123 million for the same period in 2023[30] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $78.624 million, compared to $98.991 million for the same period in 2023[23] - Total liquidity stood at $259.9 million as of September 30, 2024, compared to $286.6 million as of December 31, 2023[33] - Restricted cash was $4.5 million as of September 30, 2024, $4.2 million as of December 31, 2023, and $4.3 million as of September 30, 2023[33] Debt and Financial Position - Total debt as of September 30, 2024, was $1.349 billion, including $300.0 million in senior notes and a term loan balance of $1.049 billion[5] - Long-term debt decreased to $1.35 billion as of September 30, 2024, from $1.4 billion as of December 31, 2023[21] - Term loans outstanding (USD tranche) decreased to $581.8 million as of September 30, 2024, from $637.0 million as of December 31, 2023[33] - Term loans outstanding (EUR tranche) increased to $467.6 million as of September 30, 2024, from $463.6 million as of December 31, 2023[33] - Total term loans outstanding decreased to $1,049.4 million as of September 30, 2024, from $1,100.6 million as of December 31, 2023[33] - Senior notes remained unchanged at $300.0 million as of September 30, 2024, December 31, 2023, and September 30, 2023[33] - Face value of debt is 419 million EUR, converted using the FX spot rate of 1.11 as of September 30, 2024[34] - Revolving credit facility of $150.0 million remains unchanged as of September 30, 2024, December 31, 2023, and September 30, 2023[33] Operating Expenses and Assets - Total operating expenses for Q3 2024 decreased to $183.1 million from $225.4 million in Q3 2023, primarily due to lower litigation costs[20] - Total assets slightly decreased to $2.59 billion as of September 30, 2024, from $2.60 billion as of December 31, 2023[21] - Total liabilities decreased to $1.85 billion as of September 30, 2024, from $1.92 billion as of December 31, 2023[21] - Stockholders' equity increased to $731.3 million as of September 30, 2024, from $681.4 million as of December 31, 2023[22] - Acquisition of property and equipment for the nine months ended September 30, 2024, was $42.323 million, compared to $41.868 million for the same period in 2023[23] Share Information - Weighted-average Class A common shares outstanding increased to 410.5 million in Q3 2024 from 399.7 million in Q3 2023[20]

Revenue Growth of 4.9%, Currency Neutral Growth of 5.4%Corporate, Media, and Agency Customer Categories in GrowthGetty Images, iStock, and Unsplash+ in GrowthAnnual Subscribers Grew Nearly 50%Annual Subscriber Revenue Represents 52.4% of Total RevenueRaises Revenue and Adjusted EBITDA Outlook NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (“Getty Images” or the “Company”) (NYSE: GETY), a preeminent global visual content creator and marketplace, today reported financial results for t ...

SAN DIEGO, Oct. 25, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline on Wednesday, October 23, 2024 by Johnson Fistel, LLP, please note that in the fourth paragraph, Friday has been updated to May 31, 2024. The corrected release follows: Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of Getty Images Holdings, Inc. (NYSE: GETY) breached their fiduciary duties to Getty Images and i ...

SAN DIEGO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of Getty Images Holdings, Inc. (NYSE: GETY) breached their fiduciary duties to Getty Images and its shareholders. What can I do? If you are a current Getty Images shareholder, you may have legal claims that may be brought on behalf of the company, against the company’s directors and officers. If you wish to d ...

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (“Getty Images”) (NYSE: GETY), a preeminent global visual content creator and marketplace, announced today that the company intends to release its third quarter 2024 results after market close on Thursday, November 7, 2024, followed by a conference call at 4:30 p.m. (Eastern Time) that same day to discuss the company’s results. The conference call can be accessed live over the phone by dialing 1-800-717-1738, or for international caller ...

Investors in Getty Images Holdings, Inc. (GETY) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $25 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It ...

A Media Snippet accompanying this announcement is available by clicking on this link. NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- As text to image generative AI continues to gain momentum, the ability to craft effective prompts—concise, creative instructions for AI tools—is emerging as a key advantage for businesses looking to leverage AI for their visual content. While AI generated images have opened new possibilities to create unique visuals, the difference between good and great often comes down to the ...

NEW YORK, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Getty Images (NYSE: GETY), a preeminent global visual content creator and marketplace, today announced its award winning photographers, editors and operations staff will capture stunning imagery from the Paris 2024 Paralympic Games. As the Official Photographic Agency of the International Paralympic Committee (IPC), Getty Images will use innovative and proprietary technology to deliver thousands of images from the Opening Ceremony on August 28th to the Closing Cer ...

Getty Images Holdings, Inc. (NYSE:GETY) Q2 2024 Earnings Conference Call August 12, 2024 8:30 AM ET Company Participants Steven Kanner - Vice President of Investor Relations & Treasury Craig Peters - Chief Executive Officer & Director Jennifer Leyden - Senior Vice President & Chief Financial Officer Conference Call Participants Cory Carpenter - JPMorgan Ron Josey - Citi Mark Zgutowicz - Benchmark Tim Nolan - Macquarie Operator Good morning, and welcome to Getty Images Second Quarter 2024 Earnings Conference ...

Getty Images Holdings, Inc. (GETY) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.02 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise. Over the last four quarters, the com ...