Core Insights - Getty Images has announced the return of its annual Editorial Photography Internship Program, aimed at nurturing the next generation of visual storytellers with support from Canon U.S.A. [3][6] - The program offers three paid internship opportunities in the U.S. focused on News, Sport, and Entertainment photography [3][4]. Internship Program Details - Selected interns will work alongside Getty Images' professional photographers and content experts, gaining hands-on experience in editorial and commercial events [4][6]. - Interns will utilize Canon's EOS cameras and RF lenses, provided through Getty Images' partnership with Canon [4][6]. Inaugural Cohort Achievements - The first cohort of interns contributed significantly to major events such as the Paris 2024 Olympics, 2024 World Series, and the 67th GRAMMY Awards, with their work featured in numerous global media outlets [5][6]. Program Objectives and Support - The program aims to empower emerging photographers and provide professional development opportunities, with a focus on supporting underrepresented groups in photography [6][7]. - Interns will receive training in various aspects of editorial photography, including client relations, video editing, and visual storytelling [7]. Application Process - Applicants must be 18 years or older and passionate about storytelling, with no prior professional experience required [6][7]. - The internships will be based in Los Angeles, New York, and Washington D.C., with specific application timelines for each focus area [7].

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 ...

Core Points - Getty Images has been named the Official Photography Partner of Major League Soccer (MLS) [2][3] - The partnership will involve editing, distributing, and licensing MLS-owned imagery for editorial and commercial uses [3][4] - This multi-year exclusive partnership aims to enhance the quality of sports content for media, licensees, and fans [4][5] Company Overview - Getty Images is recognized for its global scale, technology, innovation, and quality of service in the visual content industry [4] - The company has a significant presence in the soccer market, recently adding the National Women's Soccer League to its portfolio [5] Industry Context - MLS is experiencing unprecedented growth, highlighted by record-setting attendance, merchandise sales, and social media engagement [6] - The 2025 season marks the 30th anniversary of MLS, with the debut of its 30th club, San Diego FC [6][7] - The partnership with Getty Images is expected to document and capture significant moments in MLS history [7] Strategic Importance - The collaboration is positioned to provide convenient access to high-quality soccer imagery across North America [5] - Getty Images has a long history of partnerships with major sports leagues and governing bodies, covering over 50,000 sports events annually [7]

Getty Images Holdings, Inc. GETY shares are trading higher on Tuesday.On Monday, the firm released its fourth-quarter results after the closing bell when it reported quarterly earnings of six cents per share, which beat the analyst consensus estimate of four cents. Quarterly revenue came in at $247.3 million, which beat the analyst consensus estimate of $246.31 million.The company sees fiscal 2025 revenue in a range of $918 million to $955 million and adjusted EBITDA in a range of $272 million to $290 milli ...

Financial Data and Key Metrics Changes - In Q4 2024, revenue grew to $247.3 million, representing a 9.5% increase or 8.5% on a currency-neutral basis [9][18] - For the full year 2024, revenue was $939.3 million, an increase of 2.5% on both reported and currency-neutral basis [10][18] - Adjusted EBITDA for Q4 was $80.6 million, up 11.7% year-over-year, with an adjusted EBITDA margin of 32.6%, up from 31.9% in Q4 2023 [28][29] - Full year adjusted EBITDA was $300 million, with a margin of 32% compared to 32.9% in 2023 [29] Business Line Data and Key Metrics Changes - Annual subscription revenue accounted for 54.9% of total revenue in Q4, growing approximately 11% on both reported and currency-neutral basis [19] - Paid downloads decreased slightly to $93 million, while video attachment rate increased to 16.5% from 14.1% in Q4 2023 [21] - Creative revenue was $142.4 million, down 2.4% year-on-year, primarily due to a shift in download consumption from creative to editorial [22][23] - Editorial revenue increased to $90.1 million, up 19% year-on-year, driven by major events [21] Market Data and Key Metrics Changes - The Americas region saw a revenue increase of 15.9% in Q4 on a currency-neutral basis, while APAC was up 0.4% and EMEA down just under 1% [18] - The corporate segment remains the largest growth opportunity, while Agency is expected to stabilize without significant growth [60] Company Strategy and Development Direction - The merger with Shutterstock is viewed as a transformational opportunity, aimed at creating superior value for customers and shareholders [8] - Continued investment in core assets and partnerships, along with the launch of new AI capabilities, is part of the strategy to enhance customer value [14][15] - The company aims to reduce leverage and increase margins and cash flow through the merger [15][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future despite challenges such as the Los Angeles fires impacting production [15] - The company anticipates revenue for 2025 to be between $918 million and $955 million, reflecting a slight decline to modest growth [40] - Adjusted EBITDA for 2025 is expected to be between $272 million and $290 million, indicating a potential decline year-over-year [41] Other Important Information - Free cash flow for Q4 was $24.6 million, an increase from $18.6 million in Q4 2023, while full year free cash flow was $60.9 million, down from $75.7 million in 2023 [32] - The company completed a refinancing of term loans, extending maturities to 2030, which includes $1 billion of term loans outstanding [36][37] Q&A Session Summary Question: Update on generative AI consumer uptake and monetization - Management noted that AI service uptake is growing modestly, primarily among existing customers using technology to modify imagery [48][49] Question: Factors driving Q4 outperformance relative to guidance - The strong Q4 performance was attributed to a robust top line, improved gross margins, and recovery in production post-strikes [51][53] Question: Outlook for 2025 revenue growth by segment and data licensing revenue - Management does not provide specific segment guidance but expects continued stabilization in Agency and growth in Corporate [60][62]

Financial Data and Key Metrics Changes - In Q4 2024, revenue grew to $247.3 million, representing a 9.5% increase or 8.5% on a currency-neutral basis [9][18] - For the full year 2024, revenue was $939.3 million, an increase of 2.5% on both reported and currency-neutral basis [10][18] - Adjusted EBITDA for Q4 was $80.6 million, up 11.7% year-over-year, with an adjusted EBITDA margin of 32.6%, an increase from 31.9% in Q4 2023 [28][29] - Full year adjusted EBITDA was $300.3 million, down 0.4% reported and 0.3% on a currency-neutral basis, with a margin of 32% compared to 32.9% in 2023 [29] Business Line Data and Key Metrics Changes - Annual subscription revenue accounted for 54.9% of total revenue in Q4, growing approximately 11% on both reported and currency-neutral basis [19] - Paid downloads decreased slightly to $93 million, while video attachment rate increased to 16.5% from 14.1% in Q4 2023 [21] - Editorial revenue was $90.1 million, up 19% year-on-year, driven by demand for editorial content during major events [22] - Creative revenue was $142.4 million, down 2.4% year-on-year, primarily due to a shift in consumption from creative to editorial content [23] Market Data and Key Metrics Changes - The Americas region saw a revenue increase of 15.9% in Q4 on a currency-neutral basis, while APAC was up 0.4% and EMEA down just under 1% [18] - The company added 78,000 active annual subscribers, reaching a total of 314,000, with 54% being new customers [19] Company Strategy and Development Direction - The merger with Shutterstock is viewed as a transformational opportunity, aimed at creating a strong financial foundation and enhancing value for customers and shareholders [8] - The company continues to invest in core assets and evolve its offerings, including the launch of natural language search and AI capabilities [14][15] - Focus remains on delivering sustainable customer value and increasing margins and cash flow through the merger [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future despite challenges such as the Los Angeles fires impacting operations [15] - The company anticipates revenue for 2025 to be between $918 million and $955 million, reflecting a slight decline to modest growth year-over-year [40] - Adjusted EBITDA for 2025 is expected to be between $272 million and $290 million, down 9.5% to 3.3% year-over-year [41] Other Important Information - Free cash flow for Q4 was $24.6 million, an increase from $18.6 million in Q4 2023, while full year free cash flow was $60.9 million, down from $75.7 million in 2023 [32] - The company finished 2024 with $121.2 million in cash and total debt outstanding of $1.3 billion, with a net leverage of 3.97 times, down from 4.2 times at year-end 2023 [33][34][35] Q&A Session Summary Question: Update on generative AI uptake and monetization - Management noted that AI service uptake is growing at a modest pace, primarily among existing customers using the technology to modify imagery [48][49] Question: Factors driving Q4 outperformance relative to guidance - The outperformance was attributed to strong top-line growth, favorable gross margin, and recovery in production post-strikes [51][53] Question: Outlook for 2025 revenue growth by segment and data licensing revenue - Management does not provide specific segment guidance but expects continued stabilization in Agency and growth in Corporate, with modest data licensing revenue [60][62]

Financial Performance - Getty Images Holdings, Inc. reported a quarterly loss of $0.01 per share, missing the Zacks Consensus Estimate of $0.04, and a decline from earnings of $0.09 per share a year ago, representing an earnings surprise of -125% [1] - The company posted revenues of $247.32 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.32%, and an increase from year-ago revenues of $225.94 million [2] - The current consensus EPS estimate for the coming quarter is $0.04 on revenues of $235.43 million, and for the current fiscal year, it is $0.14 on revenues of $951.36 million [7] Stock Performance - Shares of Getty Images Holdings, Inc. have lost about 5.6% since the beginning of the year, compared to a decline of -4.1% for the S&P 500 [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Industry Outlook - The Internet - Software industry, to which Getty Images belongs, is currently in the top 48% of over 250 Zacks industries, suggesting that companies in the top 50% outperform those in the bottom 50% by a factor of more than 2 to 1 [8]