NEW YORK, April 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 first quarter 2024 results after market close on Thursday, May 9, 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 1-800-225-9448, or for international callers, 1- ...

Getty Images Holdings (GETY) is expanding its footprint in the visual content creation sector through the recent launch of its latest event series, Create By Getty Images.Formerly known as iStockalypse, Create By Getty Images provides an exclusive platform for Getty Images and iStock videographers and photographers worldwide to engage and create premium content for global platforms under the guidance of Getty Images' seasoned creative professionals.The event, which is set to take place in Houston, TX, on Ma ...

LONDON, April 02, 2024 (GLOBE NEWSWIRE) -- Getty Images (NYSE:GETY), a preeminent global visual content creator and marketplace, and Motorsport Images, a specialist motorsport archive, today announced that Getty Images has acquired Motorsport Images, including its operative arm LAT Images and its Sutton, Schlegelmilch, Colombo and Dukes Video archives. With an archive of over 29 million images and more than 8,900 hours of premium video footage, Motorsport Images is the home of motoring and motorsport histo ...

Getty Images Holdings, Inc. (NYSE:GETY) Q4 2023 Earnings Conference Call March 14, 2024 5:00 AM ET Company Participants Steven Kanner - Vice President, Investor Relations & Treasury Craig Peters - Chief Executive Officer Jen Leyden - Chief Financial Officer Conference Call Participants Cory Carpenter - JPMorgan Mark Zgutowicz - The Benchmark Company Tim Nollen - Macquarie Research Operator Good afternoon and welcome to Getty Images' Fourth Quarter and Full Year 2023 Earnings Conference Call. Today's call is ...

Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-41453 GETTY IMAGES HOLDINGS, INC. (Exact name of registrant as specified in its charter) State or other jurisdict ...

ymgerman In my previous article about Getty Images (NYSE:GETY), I assigned a price target of $8 per share and outlined the case for my bullish position. Ahead of the March 14th earnings call, I felt the need for a closer examination of the company's qualitative characteristics. In this article, I maintain my price target of $8 per share based on a rising P/E ratio, Getty's strategic partnership with Nvidia (NVDA), and a forecasted demand growth in the digital licensing segment as a whole. To briefly explain ...

NEW YORK, Feb. 26, 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 fourth quarter and full year 2023 results after market close on Thursday, March 14, 2024, followed by a conference call at 5:00 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 1-877-407-0792, or for internat ...

Getty Images Holdings, Inc. (NYSE:GETY) Q3 2023 Earnings Conference Call November 14, 2023 5:00 PM ET Company Participants Steven Kanner - VP, IR and Treasury Craig Peters - CEO Jen Leyden - CFO Conference Call Participants Ron Josey - Citi Danny Pfeiffer - JPMorgan Mark Zgutowicz - The Benchmark Company Tim Nollen - Macquarie Operator Good afternoon, and welcome to Getty Images Third Quarter of 2023 Earnings Call. Today's call is being recorded. We have allocated one hour for prepared remarks and Q&A. At t ...

Revenue and Subscriptions - Total purchasing customers decreased to 826,000 from 837,000 year-over-year, while total active annual subscribers increased by approximately 88% to 202,000[120]. - Creative content represented 62.7% of revenue for the nine months ended September 30, 2023, with 52.9% generated through annual subscription products[106]. - Editorial content accounted for 35.5% of revenue, with 52.9% of that revenue also coming from annual subscription products[107]. - Revenue for the three months ended September 30, 2023, was $229.3 million, a decrease of 0.5% from $230.5 million in the same period in 2022[138]. - Revenue from iStock annual subscriptions increased by $3.0 million, and Getty Images annual subscriptions increased by $8.5 million for the three months ended September 30, 2023[140]. - Revenue from Creative products decreased by 1.7% to $432.9 million, with significant declines in Getty Images Stills and Video ($17.3 million) and iStock subscriptions ($10.8 million)[157]. - For the nine months ended September 30, 2023, total revenue was $690.6 million, a decrease of 0.6% compared to $694.8 million in the same period in 2022[156]. - Revenue from Other products increased by 22.2% to $12.8 million, driven by music licensing ($0.3 million), data licensing ($0.2 million), and digital asset management services ($0.2 million)[142]. Costs and Expenses - Cost of revenue for the three months ended September 30, 2023, was $60.9 million, down 4.8% from $64.0 million in the same period in 2022[137]. - Selling, general and administrative expenses increased by 6.2% to $97.3 million for the three months ended September 30, 2023, compared to $91.6 million in the same period in 2022[137]. - SG&A expenses for the nine months ended September 30, 2023, increased by $20.7 million or 7.4%, with a notable increase in staff costs driven by equity-based compensation[162]. - Selling, general and administrative (SG&A) expenses increased by $5.7 million or 6.2% for the three months ended September 30, 2023, with a notable increase in professional fees related to ongoing litigation[144]. Net Loss and Financial Performance - Net loss for the three months ended September 30, 2023, was $18.4 million, compared to a net loss of $118.1 million in the same period in 2022, a decrease of $99.7 million[137]. - The company recorded a net loss of $19.5 million for the nine months ended September 30, 2023, adjusted for noncash expenses of $100.4 million[189]. Cash Flow and Liquidity - Net cash provided by operating activities was $99.0 million for the nine months ended September 30, 2023, a decrease of 23.4% from $129.2 million in the prior year[189]. - Cash used in financing activities was $41.5 million for the nine months ended September 30, 2023, significantly lower than $178.6 million in the same period of 2022[191]. - The company had cash and cash equivalents of $113.5 million as of September 30, 2023, compared to $97.9 million at the end of 2022[180]. - The company expects to fund its ordinary course operating activities from existing cash and cash flows from operations for at least the next 12 months[185]. Business Combination and Financing - The company issued 66 million shares of Class A common stock for gross proceeds of $660 million as part of the Business Combination[117]. - The Business Combination resulted in gross proceeds of approximately $864.2 million, significantly reducing the company's balance sheet obligations[186]. - The Business Combination resulted in aggregate gross proceeds of approximately $864.2 million, with $615.0 million used for redeeming Redeemable Preferred Stock and $300.0 million for repaying a portion of USD Term Loans, leading to a total reduction of approximately $1.1 billion in balance sheet obligations[186]. - The company increased and extended its revolving credit facility to $150.0 million, which expires on May 4, 2028[180]. Legal and Litigation Matters - The Company recognized a loss on litigation of $106.1 million for the three months ended September 30, 2023, which includes summary judgment amounts and associated legal fees[146]. - The company recognized a loss on litigation of $60.0 million, which represents the limit of its insurance coverage for ongoing legal matters[181]. - The company recognizes litigation reserves when a loss is probable and material, with estimates subject to change based on new information[215]. - The company recognizes recoveries of losses on litigation when it is probable that such recoveries will be received from third-party insurance carriers[216]. Tax and Foreign Exchange - The company's income tax expense decreased by $27.5 million to $11.5 million for the nine months ended September 30, 2023, from $39.0 million in the prior year, with an effective income tax rate of (143.9)%[173]. - The effective tax rate is subject to significant variation due to factors such as geographical mix of pre-tax earnings and potential outcomes of tax audits[202]. - The company recognized unrealized foreign exchange gains of $2.4 million for the nine months ended September 30, 2023, compared to $71.9 million in the same period in 2022[169]. - The company recognized net foreign currency transaction gains of $2.4 million for the nine months ended September 30, 2023, compared to $71.9 million for the same period in 2022[213]. Content and Product Development - Getty Images had over 551 million visual assets available, adding more than 10 million new assets each quarter, with 2.8 billion searches annually[100]. - The image collection increased to 525 million from 484 million year-over-year, while the video collection grew to 27 million from 23 million[120]. - The company launched Unsplash+ in Q4 2022, contributing to the growth in annual subscribers[120]. - The company launched Generative AI by Getty Images in September 2023, a tool trained exclusively on Getty Images' content[126]. - The video attachment rate improved to 13.7% from 12.7% year-over-year[120]. - The video attachment rate increased from the LTM period ended September 30, 2022, to the period ended September 30, 2023, reflecting higher customer engagement with video content[125]. Revenue Recognition - Revenue is primarily derived from licensing rights to digital content, with a significant portion generated through subscription-based and credit-based sales[204]. - The company recognizes revenue gross of contributor royalties, as it is the principal in the transaction, with approximately 3% of total revenues coming from third-party delegates[206]. - Revenue for digital content licenses is recognized when content is downloaded, with estimates for unused licenses impacting revenue recognition timing[210]. - Revenue associated with unused licenses is recognized throughout the subscription or credit period based on historical download activity[210]. - The company applies a five-step approach to revenue recognition, ensuring that performance obligations are identified and transaction prices allocated accordingly[208]. - The company assesses product offerings at contract inception to identify distinct performance obligations for revenue recognition[209]. Financial Obligations - As of December 31, 2022, total contractual cash obligations amounted to $2,111,644,000, with long-term indebtedness accounting for $1,869,175,000[192]. - Operating lease obligations were reported at $71,206,000, while minimum royalty guarantee payments to content suppliers totaled $158,253,000[192]. - The company has no material letters of credit outstanding or other off-balance sheet arrangements as of September 30, 2023[195]. - The company has historically maintained predictable capital expenditures, primarily related to content creation and software development, with a significant portion being discretionary and growth-related[194].

Getty Images 的研究顯示，在澳大拉西亞、日本、東南亞、香港和台灣地區，最受歡迎的視覺作品仍然大量依賴刻板印象和不真實的形象來表達不同的社群。 儘管亞太地區擁有豐富的文化和不同的人口特徵，但形象展示中的多樣性卻很有限。表達偏差從描繪文化特性的差異，到亞洲工作生活的有限描繪等方面均有所體現。 Getty Images 今天發布了「面向亞洲社群的包容性視覺敘事」報告，為亞太地區的品牌和企業在視覺選擇上努力實現更大包容性提供支援。 點按此鏈接可獲取此新聞稿隨附的媒體片段。 新加坡, Oct. 27, 2023 (GLOBE NEWSWIRE) -- 全球領先的視覺內容創作者和市場交易平台 Getty Images 今天發布了「面向亞洲社群的包容性視覺敘事」報告，幫助品牌拓展和深化亞洲敘事。本指南是 Getty Images 持續進行的全球研究項目的成果，研究發現亞太地區 (APAC) 廣告中對亞洲社群的視覺表達仍然帶有刻板印象。 基於 Getty Images 的 VisualGPS 研究洞見，指南指出，對於澳大拉西亞、日本、東南亞、香港和台灣等地區，最受歡迎的視覺作品中不到 10% 的作品能夠準確地表達 ...