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]

A Media Snippet accompanying this announcement is available by clicking on this link. NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Getty Images (NYSE:GETY), a preeminent global visual content creator and marketplace, today announced that its award-winning photographers, editors and operations staff will capture stunning imagery from every ceremony and event at the Olympic Games Paris 2024. Getty Images will deploy a team of 140 photographers and editors, using innovative and proprietary technology to shoot ...

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, 1-2 ...

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 ...