Core Insights - Getty Images reported a revenue of $224.1 million for Q1 2025, reflecting a year-over-year increase of 0.8% and a currency neutral growth of 2.6% [5][6] - The company experienced a net loss of $102.6 million in Q1 2025, compared to a net income of $13.6 million in Q1 2024, primarily due to increased tax expenses and foreign exchange losses [6][31] - Annual subscription revenue grew to 57.2% of total revenue, up from 54.7% in Q1 2024, with a 5.4% increase in annual subscription revenue year-over-year [5][6] Financial Performance - Q1 2025 revenue breakdown: Creative revenue was $132.2 million (down 4.8% YoY), Editorial revenue was $82.6 million (up 4.0% YoY) [6][48] - Adjusted EBITDA for Q1 2025 was $70.1 million, slightly down 0.1% year-over-year, with an adjusted EBITDA margin of 31.3% [6][44] - Free cash flow for Q1 2025 was $(0.3) million, a decrease from $7.1 million in the prior year [6][47] Liquidity and Balance Sheet - As of March 31, 2025, the company had an ending cash balance of $114.6 million, down from $121.2 million at the end of 2024 [6][49] - Total debt stood at $1.36 billion, including $300 million in senior notes and a term loan balance of $1.06 billion [6][14] - The company has $150 million available through its undrawn Revolver, resulting in total available liquidity of $264.6 million [6][49] Business Highlights - The company signed new exclusive partnerships with WWE, Major League Soccer, and the National Women's Soccer League, and renewed partnerships with UEFA [15] - Getty Images is working towards a merger with Shutterstock, which is expected to close in the second half of 2025, pending regulatory approvals [17][19] Key Performance Indicators - Total purchasing customers decreased by 7.9% to 708,000, while active annual subscribers increased by 21.2% to 318,000 [7][8] - The annual subscriber revenue retention rate improved to 92.7%, up from 90.0% in the previous year [8] - The image collection grew to 582 million, and the video collection increased to 34 million, reflecting growth of 6.9% and 16.3% respectively [8]

Core Insights - Getty Images, in partnership with the National Disability Leadership Alliance, announced a $20,000 creative grant to enhance authentic representation of the disability community in professional settings [1][10] - Research indicates that 71% of global consumers desire to see people with disabilities in everyday social and professional contexts, yet 75% of visuals currently depict them mainly in healthcare settings, presenting an opportunity for broader representation [2] Grant Recipients - First Place: Elizabeth Rajchart, whose project 'Scene Change: Disability in Media' focuses on inclusive fashion and leadership, challenging stereotypes through her photography [3] - Second Place: Nasreen Alkhateeb, an award-winning cinematographer, plans to create a visual archive for her project 'Reframing Us', which aims to redefine professional success through a disability-led perspective [6] - Third Place: Charmaine Chitate, a Zimbabwe-based photographer, will explore inclusion and exclusion in professional life through her project 'unaltered.unfiltered' [8] Historical Context - This initiative builds on The Disability Collection launched in 2018, aimed at authentically representing people with disabilities in media [10] - Getty Images' grants program, established in 2004, has awarded over $2.6 million to support underrepresented voices and important narratives [10]

Core Insights - Getty Images has been named the Official Photographer for The Met Gala for the seventh consecutive year, highlighting its strong partnership with The Metropolitan Museum of Art and Vogue [1][2][3] - The event will focus on Black history, culture, and fashion, coinciding with the opening of The Costume Institute's spring exhibition titled "Superfine: Tailoring Black Style" [5][4] - Getty Images will utilize innovative photography techniques, including remote cameras, to enhance coverage of the event, which is significant in the context of today's fast-paced news cycle and social media [2][4] Company Overview - Getty Images is recognized as a leading global visual content creator and marketplace, covering nearly 70,000 entertainment events annually, including major awards ceremonies and fashion weeks [7] - The company emphasizes diversity in its content creation process, aiming to provide a wide range of experiences and perspectives [7] Event Details - The Met Gala will feature co-chairs including Colman Domingo, Lewis Hamilton, A$AP Rocky, Pharrell Williams, and Anna Wintour, with LeBron James serving as honorary chair [5][6] - The exhibition will explore Black style over three centuries through the lens of dandyism, organized into 12 sections that define various characteristics of this style [5]

Core Viewpoint - Getty Images and Ancestry have formed a partnership aimed at the digital preservation and accessibility of historical documents and photographic archives from Historically Black Colleges and Universities (HBCUs) [5][6][8] Group 1: Partnership Details - The initiative is part of Getty Images' HBCU Grants Program, focusing on digitizing critical documents such as newsletters, newspapers, and yearbooks from HBCUs [5][6] - HBCUs will retain full copyright ownership of their print and digitized assets, with Ancestry working directly with each institution to digitize selected materials on-site [6][8] - The partnership began with Lincoln University, the first degree-granting HBCU, which has already started digitizing its historical documents and photographs [8][11] Group 2: Goals and Impact - The collaboration aims to enhance access, visibility, and awareness of the untold stories of HBCUs, connecting students, alumni, and institutions through genealogy [7][8] - By digitizing these archives, the initiative seeks to protect invaluable intellectual property and provide complimentary access to Ancestry's platform for students and faculty [6][8] - The partnership is expected to enrich educational programs and foster deeper connections to heritage within the HBCU community [11]

Company Announcement - Getty Images Holdings, Inc. plans to release its first quarter 2025 results after market close on May 12, 2025, followed by a conference call at 4:30 p.m. Eastern Time [1] - The conference call can be accessed via phone or through a webcast on the Investor Relations section of the company's website [2][3] Company Overview - Getty Images is a leading global visual content creator and marketplace, offering a wide range of content solutions to customers worldwide [4] - The company collaborates with over 583,000 content creators and more than 350 content partners, covering over 160,000 news, sports, and entertainment events annually [4] - Getty Images maintains one of the largest privately-owned photographic archives globally, with millions of images dating back to the inception of photography [4] Technological Advancements - The company is leveraging generative AI technologies to enhance its content offerings, allowing customers to create commercially safe visuals through text to image generation [5]

Opportunities open for aspiring photographers to gain hands-on experience across News, Sport, and Entertainment, with support from Canon A Media Snippet accompanying this announcement is available by clicking on this link. NEW YORK, April 16, 2025 (GLOBE NEWSWIRE) -- Getty Images (NYSE: GETY), a preeminent global visual content creator and marketplace, today announced the return of its annual Editorial Photography Internship Program, created to nurture the next generation of visual storytellers. With suppor ...

Core Insights - Younger audiences, particularly Gen Z and Millennials, prefer authentic and relatable video content over traditional advertisements [2][4] - Video content is increasingly important for small and medium-sized businesses (SMBs) to connect with consumers and build trust [5][9] Audience Preferences - 71% of Gen Z and Millennials enjoy short-form videos on social media, while 41% find long-form videos inspiring, indicating a demand for diverse video formats [3] - A significant 98% of viewers value authenticity in the visuals they consume, with younger audiences favoring formats like "Get Ready With Me" and behind-the-scenes videos [4] Business Opportunities - SMBs can leverage approachable video formats to showcase their brand personality and human side, enhancing engagement and trust [5][6] - Video content allows businesses to tell their stories effectively, whether through light-hearted or premium brand personas [6][8] Industry-Specific Strategies - Different sectors should tailor their video storytelling approaches; for example, travel videos can drive interest and bookings, while health and wellness content should focus on real individuals [10] - In retail and e-commerce, 72% of consumers prefer video for product demonstrations, which can enhance trust and conversion rates [10]

A Media Snippet accompanying this announcement is available by clicking on this link. NEW YORK, April 07, 2025 (GLOBE NEWSWIRE) -- Getty Images (NYSE: GETY), a preeminent global visual content creator and marketplace, and WWE, part of TKO Group Holdings (NYSE: TKO), today announced a new photography partnership that will see Getty Images serve as the Exclusive Worldwide Photographic Licensing Partner of WWE. Getty Images will exclusively distribute and license WWE‑owned imagery for editorial and commercial ...

Core Viewpoint - Getty Images Holdings, Inc. and Shutterstock, Inc. have received a Second Request from the U.S. Department of Justice regarding their proposed merger, which will extend the regulatory waiting period until compliance is achieved [2][3] Company Overview - Getty Images is a leading global visual content creator and marketplace, serving customers worldwide through its brands including Getty Images, iStock, and Unsplash [5][6] - The company collaborates with over 576,000 content creators and maintains a vast photographic archive, covering more than 160,000 events annually [6] - Getty Images is integrating generative AI technologies to enhance its content offerings, allowing customers to create visuals using text-to-image generation [7] Shutterstock Overview - Shutterstock is a premier partner for brands and digital media companies, offering a comprehensive platform for licensing a diverse collection of content, including 3D models, videos, and illustrations [9] - The company emphasizes product innovation and provides an all-in-one content editing platform and studio production services [9] Merger Details - The proposed merger is subject to regulatory clearance and stockholder approval, with expectations for completion in the second half of 2025 [4] - Both companies are committed to cooperating with the DOJ and other regulators to expedite the merger process [4]

NEW YORK, April 02, 2025 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (NYSE: GETY) and Shutterstock, Inc. (NYSE: SSTK) today announced the companies have each received a Request for Additional Information and Documentary Material (Second Request) from the U.S. Department of Justice (DOJ) in connection with Getty Images’ proposed merger with Shutterstock. The Second Request was issued under notification requirements of the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, as amended. The effect ...