A Media Snippet accompanying this announcement is available by clicking on this link. NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Getty Images (NYSE: GETY), a preeminent global visual content creator and marketplace, has announced the launch of an updated model for its commercially safe generative AI services and tools. The latest enhancement delivers generation speeds set to reach around 6 seconds for 4 images, doubling the performance of the previous model, with speeds at the forefront of the industry. Wi ...

Core Insights - The upcoming Paris 2024 Olympic Games present a significant opportunity for businesses to engage with a global audience of over a billion viewers, particularly through digital marketing strategies [1] Group 1: Challenges and Opportunities for Small Businesses - 40% of small business owners identify customer acquisition as a key challenge for profitability, emphasizing the importance of effective online engagement [6] - Visual content plays a crucial role in customer acquisition, with 70% of people feeling more connected to businesses that showcase diverse behaviors and personalities [2] Group 2: Marketing Strategies for the Olympics - Five key marketing strategies are recommended for small businesses to leverage during the Olympic Games, including the use of impactful visual content [7] - 82% of people globally draw inspiration from video content, yet only 11% of small and medium-sized businesses utilize it, indicating a significant opportunity for growth [7] Group 3: Importance of Visual Content - High-quality images and videos can enhance search engine optimization (SEO) and audience engagement on platforms like TikTok and Pinterest [3] - 87% of people value image authenticity, making professional photography a trusted source for content, while high-quality stock images offer a cost-effective alternative [8] Group 4: Utilizing Technology in Marketing - 42% of small and medium-sized businesses globally use AI-generated images for marketing, highlighting the growing importance of generative AI in creating visual content [4] - iStock's AI technology allows for modifications of stock imagery, providing businesses with the ability to tailor visuals to their specific needs [8]

Company Overview - Getty Images Holdings, Inc. is a leading global visual content creator and marketplace, offering a comprehensive range of content solutions to meet diverse customer needs worldwide [5] - The company operates under the brands Getty Images, iStock, and Unsplash, serving customers in nearly every country and collaborating with over 564,000 content creators and more than 320 content partners [5] - Getty Images covers over 160,000 news, sports, and entertainment events annually, maintaining one of the largest privately-owned photographic archives with millions of images [5] Upcoming Financial Results - Getty Images plans to release its second quarter 2024 results after market close on August 9, 2024 [1] - A conference call to discuss the results will be held on August 12, 2024, at 8:30 a.m. Eastern Time [1] Technological Advancements - The company is leveraging generative AI technologies to enhance its creative offerings, allowing customers to generate commercially safe visuals through text-to-image generation [3] - This innovation expands Getty Images' capabilities to meet customer demands for compelling visual content [3] Conference Call Details - The conference call can be accessed via phone or through a simultaneous webcast available on the company's Investor Relations website [2][4] - An audio replay of the call will be available for two weeks following the event [4]

NEW YORK, July 15, 2024 /PRNewswire/ -- Rakower Law PLLC, as lead counsel, has commenced five new lawsuits against Getty Images Holdings, Inc. ("Getty Images") (NYSE: GETY) on behalf of several holders of Getty Images' public warrants. These actions allege that Getty Images wrongly prevented plaintiffs from exercising their warrants as of August 22, 2022 based upon the false claim that the warrants could not be exercised until an SEC Form S-2 resale registration statement became effective. All five cases fo ...

Contestants from Getty Images, NVIDIA and TikTok will participate in a showdown of creative prowess in AI image generation with an audience vote for best image This interactive event will provide a unique front-row experience, showcasing the fusion of human creativity and advanced AI technology. Attendees will witness the real-time generation and refinement of images as each contestant strives to produce the most captivating visuals using the Generative AI by Getty Images tool. Media Contact: Julia Holmes j ...

A Media Snippet accompanying this announcement is available by selecting the image or link above NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) -- Getty Images (NYSE:GETY), a preeminent global visual content creator and marketplace, today announced a renewed partnership with premier global media company, Condé Nast, to represent the Condé Nast Collection, featuring over a century's worth of contemporary and vintage artwork from the company's portfolio of prestigious brands dating back to 1892. The editorial partn ...

A Media Snippet accompanying this announcement is available by clicking on this link. NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Getty Images (NYSE:GETY), a preeminent global visual content creator and marketplace, has once again been named the Official Photographer of the Tribeca Festival, renewing a longstanding partnership with the foremost outlet for independent storytellers. For the fifteenth consecutive festival, Getty Images' award‑winning entertainment photographers will capture high‑quality, diffe ...

Core Insights - FILMPAC has partnered with Getty Images to distribute its latest collection of premium stock footage on gettyimages.com, enhancing the availability of high-quality cinematic content for commercial use [1][2]. Company Overview - FILMPAC is recognized as a leading provider of premium stock footage and production services, focusing on authentic footage tailored for high-end commercial applications [2]. - The company employs an in-house team of award-winning directors, setting a high standard for storytelling and video content creation [2]. Partnership Details - The collaboration with Getty Images aims to meet the significant demand for authentic content that adheres to the quality standards of top agencies and globally recognized brands [3]. - The partnership leverages FILMPAC's creative direction and cinematography expertise alongside Getty Images' extensive distribution network, providing a diverse range of lifestyle footage that captures genuine emotions and character development [2][3]. Future Ambitions - FILMPAC's CEO expressed the company's ambition to utilize powerful data and insights while maintaining high creative standards, aiming to elevate the narratives that clients wish to convey [3].

For the quarterly period ended March 31, 2024 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 GETTY IMAGES HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or ...

Revenue Performance - Revenue for Q1 2024 was $222.3 million, a decrease of 5.7% year-over-year[7] - Total revenue for Q1 2024 decreased by 5.7% to $222.3 million compared to $235.6 million in Q1 2023[40] - Creative segment revenue declined by 5.2% to $138.9 million, contributing 62.5% of total revenue[40] - Editorial segment revenue decreased by 6.2% to $79.4 million, representing 35.7% of total revenue[40] - Other segment revenue dropped by 11.7% to $4.0 million, accounting for 1.8% of total revenue[40] - Full-year 2024 revenue guidance remains unchanged at $928 million to $947 million, with a year-over-year growth of 1.3% to 3.3%[17] Subscription Growth and Revenue - Active Annual Subscribers grew by 79% to 262,000[6] - Annual Subscription Revenue increased to 55.4% of Total Revenue, up from 50.7% in Q1'23[6] Profitability and Cash Flow - Net Income for Q1 2024 was $13.6 million, compared to $3.2 million in Q1'23[7] - Adjusted EBITDA for Q1 2024 was $70.2 million, down 7.9% year-over-year[7] - Free cash flow for Q1 2024 was $7.0 million, compared to $16.4 million in the prior year period[7] Debt and Liquidity - Total debt was $1.386 billion, including $300.0 million in senior notes and a term loan balance of $1.086 billion[15] - Cash and cash equivalents stood at $134.2 million as of March 31, 2024, down from $136.6 million at the end of 2023[41] - Total liquidity, including available credit, was $284.2 million as of March 31, 2024, slightly lower than $286.6 million at the end of 2023[41] - Total term loans outstanding decreased to $1,086.3 million as of March 31, 2024, compared to $1,100.6 million at the end of 2023[41] - The revolving credit facility, effective since May 2023, provides $150.0 million in available credit and matures in May 2028[42] - Senior notes remained unchanged at $300.0 million as of March 31, 2024[41] Strategic Initiatives and Partnerships - Acquired Motorsport Images in early April, expanding the company's automotive imagery and video offerings[16] - Expanded generative AI offerings in partnership with NVIDIA, including the launch of Generative AI by iStock tool[16]