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Getty Images to Release Second Quarter 2025 Financial Results on August 11, 2025
Globenewswire· 2025-07-23 20:07
Group 1 - Getty Images Holdings, Inc. plans to release its second quarter 2025 results after market close on August 11, 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 company's Investor Relations website [2][3] - Getty Images is a leading global visual content creator and marketplace, serving customers worldwide through its brands including Getty Images, iStock, and Unsplash [4] Group 2 - The company collaborates with nearly 600,000 content creators and over 350 content partners, covering more than 160,000 events annually [4] - Getty Images offers innovative solutions, including generative AI technologies, to enhance the creative process for its customers [5]
New Getty Images Report Finds Consumers Still Care About Sustainability and Expect Businesses to Lead
Globenewswire· 2025-06-12 12:58
Core Insights - The report "Sustainability at the Crossroads" by Getty Images provides insights into consumer sentiment regarding sustainability and offers guidance for brands to communicate their CSR commitments effectively [5][12] - A significant 69% of global consumers acknowledge the direct impact of climate change on their daily lives, indicating a growing personal connection to the issue [6][12] - The report highlights a shift in consumer expectations, with 86% believing businesses should leverage their resources to enhance societal and environmental conditions [6][12] Consumer Expectations - 81% of consumers prefer visuals that depict the real effects of climate change, favoring transparency over idealized imagery [15] - 78% of consumers want to see improvements in sustainability efforts, emphasizing the need for storytelling that combines impactful imagery with tangible actions [15] - 83% believe that AI could positively influence the climate crisis in the next five years, although only 41% view AI as beneficial for energy efficiency [15] Brand Communication Strategies - The report stresses the importance of authentic visual storytelling that aligns with real-world impacts, as 76% of consumers question the credibility of brands' environmental claims [12][15] - Companies are encouraged to integrate sustainability into their core identity, showing how they address climate change through product design and messaging [15] - Visuals should reflect personal impacts of climate change, making sustainability relatable and accessible to consumers [15] Methodology - The report is based on global consumer surveys conducted between July 2022 and July 2024, with sample sizes ranging from 5,300 to 7,000 respondents across 25 countries [16]
Getty Images Announced as Official Photographer of the 2025 Tribeca Festival
Globenewswire· 2025-05-29 12:57
Core Insights - Getty Images has renewed its partnership as the Official Photographer of the Tribeca Festival for the sixteenth consecutive year, highlighting its commitment to supporting independent storytelling [1][2]. Group 1: Partnership Details - The partnership will see Getty Images' award-winning photographers and videographers capturing high-quality imagery and video throughout the Tribeca Festival, which runs from June 4 to June 15 in New York City [2]. - Getty Images will cover over 100 feature films, including red carpet premieres, film screenings, and various sponsored events, often from exclusive vantage points [2][4]. Group 2: Content Production - Getty Images' team will produce high-end portraits of the Festival's talent and creators, which will be distributed exclusively through gettyimages.com [3]. - The company has been collaborating with the Tribeca Festival since 2009, emphasizing its role in delivering significant moments to global audiences through its unique access and distribution platform [4]. Group 3: Broader Industry Engagement - Beyond the Tribeca Festival, Getty Images is involved in nearly 70,000 entertainment events annually, including awards ceremonies and fashion weeks, partnering with major brands on creative content strategies [4].
Getty Images Reports First Quarter 2025 Results
Globenewswire· 2025-05-12 20:07
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]
Getty Images Awards $20,000 to Global Storytellers Reshaping Disability Representation
Globenewswire· 2025-05-06 12:58
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 $2.6 million to support underrepresented voices and important narratives [10]
Getty Images Selected as Official Photographer of 2025 Met Gala
Globenewswire· 2025-05-05 12:57
Core Insights - Getty Images has been named the Official Photographer for The Met Gala for the seventh consecutive year, highlighting its strong partnership with The Metropolitan Museum of Art and Vogue [1][2][3] - The event will focus on Black history, culture, and fashion, coinciding with the opening of The Costume Institute's spring exhibition titled "Superfine: Tailoring Black Style" [5][4] - Getty Images will utilize innovative photography techniques, including remote cameras, to enhance coverage of the event, which is significant in the context of today's fast-paced news cycle and social media [2][4] Company Overview - Getty Images is recognized as a leading global visual content creator and marketplace, covering nearly 70,000 entertainment events annually, including major awards ceremonies and fashion weeks [7] - The company emphasizes diversity in its content creation process, aiming to provide a wide range of experiences and perspectives [7] Event Details - The Met Gala will feature co-chairs including Colman Domingo, Lewis Hamilton, A$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]
Getty Images to Release First Quarter 2025 Financial Results on May 12, 2025
Globenewswire· 2025-04-23 20:07
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]
Getty Images Editorial Photography Internship Program Returns for 2025
Globenewswire· 2025-04-16 20:07
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 ...
Getty Images and Shutterstock Receive Second Request from the U.S. Department of Justice
Newsfilter· 2025-04-02 21:15
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]