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Getty Images Receives Notice from NYSE Regarding Continued Listing Standard
Globenewswire· 2026-03-19 13:00
NEW YORK, March 19, 2026 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (NYSE: GETY) (“Getty Images” or the “Company”) today announced that on March 17, 2026 it received written notice from the New York Stock Exchange (“NYSE”) indicating that the Company is not currently in compliance with Section 802.01C of the NYSE Listed Company Manual, which requires an average closing share price of at least $1.00 over a consecutive 30 trading-day period. The Notice does not result in any immediate impact on the listi ...
Getty Images (GETY) - 2025 Q4 - Earnings Call Transcript
2026-03-16 21:32
Financial Data and Key Metrics Changes - For the full year 2025, the company reported record revenue of $981.3 million, representing a year-over-year growth of 4.5% and 3.8% on a currency neutral basis [4][5] - Adjusted EBITDA for the full year was $320.9 million, with a margin of 32.7%, both metrics exceeding the high end of guidance [5][25] - In Q4 2025, revenue reached $282.3 million, a year-over-year increase of 14.1% and 12.7% on a currency neutral basis [5][13] - Q4 adjusted EBITDA was $104.1 million, up 29.1% reported and 27.2% on a currency neutral basis, with a margin of 36.9% [5][25] Business Line Data and Key Metrics Changes - Creative revenue in Q4 was $149 million, up 4.6% year-on-year, driven by accelerated revenue from two large licensing deals, despite a 16% decline in agency revenue [20] - Editorial revenue for Q4 was $109.4 million, up 21.4% year-on-year, with growth across all four verticals: news, sport, entertainment, and archive [21][22] - Annual subscription revenue grew 1% year-over-year, with Premium Access, the largest subscription, up 4.1% in Q4 [18] Market Data and Key Metrics Changes - The Americas region saw a revenue increase of 20.8% in Q4 on a currency neutral basis, while EMEA was up 6.1% and APAC down 13% due to challenges in the agency business [17] - Active annual subscribers totaled 278,000 in Q4, down from 314,000 in the previous year, primarily due to the discontinuation of the free trial program [19] Company Strategy and Development Direction - The company aims to strengthen its recurring revenue base and expand long-term partnerships, as evidenced by securing significant multi-year licensing agreements [6][7] - Continued investment in machine learning capabilities to enhance content discovery and customer experience is a strategic focus [10] - The company is optimistic about future growth opportunities in video and custom AI training sets, indicating a proactive approach to evolving market demands [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's durable business model, highlighting strong customer relationships and a diversified revenue mix as key strengths [4][11] - The company anticipates a revenue range of $948 million to $988 million for 2026, reflecting a decline due to the timing of revenue recognition from large licensing agreements [32][34] - Management noted that the core business is expected to grow, excluding the impact of challenging year-on-year comparisons from the previous year [35] Other Important Information - The company reported a decrease in free cash flow to $7.7 million in Q4, attributed to higher cash interest expenses [27][28] - Total debt outstanding was $2.01 billion as of December 31, 2025, with a net leverage of 4.0x [29][30] Q&A Session Summary Question: Insights on licensing deals and their long-term applicability - Management highlighted the relevance of content in social media and large language models as key drivers for the licensing deals, indicating potential for more such agreements in the future [38][39] Question: Reasons for decline in active annual subscribers and retention rates - The decline in active annual subscribers was primarily due to the end of the free trial program, with expectations for retention rates to improve as the impact cycles through [40][42] Question: Clarification on 2026 revenue guidance and data licensing - Management clarified that the large deals recognized in Q4 are not purely data licensing deals, and while there is a pipeline for future deals, specifics are not included in the 2026 guidance [47][49]
Getty Images Reports Fourth Quarter and Full Year 2025 Results
Globenewswire· 2026-03-16 20:07
Delivered full-year revenue of $981.3 million, well above upper end of guidance and the highest reported revenue in the Company’s 30-year historyFull-year revenue growth of 4.5%, currency neutral growth of 3.8%Q4 revenue growth of 14.1%, currency neutral growth of 12.7%Shutterstock merger has obtained regulatory clearance without conditions in all jurisdictions except UK, where the CMA’s final report is due by June 14 NEW YORK, March 16, 2026 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (“Getty Images” o ...
Getty Images to Release Fourth Quarter and Full Year 2025 Financial Results on March 16, 2026
Globenewswire· 2026-02-25 21:07
NEW YORK, Feb. 25, 2026 (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 2025 results after market close on Monday, March 16, 2026, 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 1-800-245-3047, or for internatio ...
Getty Images and Shutterstock Receive Unconditional Antitrust Clearance from U.S. Department of Justice for Proposed Merger
Globenewswire· 2026-02-23 13:00
Core Viewpoint - The U.S. Department of Justice has cleared the proposed merger between Getty Images and Shutterstock, allowing the companies to move forward without conditions [1][2]. Group 1: Merger Approval - The DOJ's decision is seen as a significant step for both companies, enabling them to combine their strengths and enhance their financial foundation [2]. - The merger is expected to create substantial synergies in selling, general and administrative expenses (SG&A) and capital expenditures (CAPEX) post-closure [2]. Group 2: Ongoing Regulatory Review - Prior to the DOJ's decision, the UK's Competition and Markets Authority (CMA) issued an interim report as part of its Phase 2 review, with a final decision expected by April 19 [3]. - Both companies are actively engaging with the CMA to clarify how the merger will benefit the editorial market and improve service to customers and contributors [3]. Group 3: Company Profiles - Getty Images is a leading global visual content creator, serving customers worldwide through its brands, including Getty Images, iStock, and Unsplash, and works with nearly 600,000 content creators [4]. - Shutterstock provides a vast collection of high-quality licensable assets and AI solutions, aiming to enhance the effectiveness of businesses and creatives [7].
Getty Images issues statement on CMA’s interim report
Globenewswire· 2026-02-19 13:34
Core Viewpoint - Getty Images expresses satisfaction with the UK Competition and Markets Authority's (CMA) provisional decision regarding its merger with Shutterstock, indicating no expected competition issues in the global stock content market, while expressing disappointment over concerns in the UK editorial market [1][2]. Company Overview - Getty Images is a leading global visual content creator and marketplace, providing a wide range of content solutions to customers worldwide through its brands, including Getty Images, iStock, and Unsplash [3]. - The company collaborates with nearly 600,000 content creators and over 355 content partners, covering more than 160,000 news, sports, and entertainment events annually, and maintains one of the largest privately-owned photographic archives globally [3]. Merger Details - The CMA's provisional finding suggests potential competition issues in the UK editorial market, which Getty Images disputes, arguing that the analysis does not accurately reflect the UK market's competitive landscape [2]. - Getty Images plans to engage constructively with the CMA and will respond to the CMA's interim report according to its timeline, while also cooperating with the U.S. Department of Justice during its review [3]. Technological Advancements - Getty Images is enhancing its offerings through the adoption of generative AI technologies, allowing customers to create commercially safe visuals using text-to-image generation, thereby expanding its capabilities to meet customer needs [4].
Getty Images issues statement on CMA's interim report
Globenewswire· 2026-02-19 13:34
Core Viewpoint - Getty Images expresses satisfaction with the UK Competition and Markets Authority's (CMA) provisional decision regarding its merger with Shutterstock, indicating no expected competition issues in the global stock content market, while expressing disappointment over concerns in the UK editorial market [1][2]. Company Overview - Getty Images is a leading global visual content creator and marketplace, providing a wide range of content solutions to customers worldwide, supported by its brands Getty Images, iStock, and Unsplash [3]. - The company collaborates with nearly 600,000 content creators and over 355 content partners, covering more than 160,000 news, sports, and entertainment events annually, and maintains one of the largest privately-owned photographic archives globally [3]. Merger Details - The company plans to engage constructively with the CMA and will respond to the CMA's interim report according to its timeline, while also cooperating with the U.S. Department of Justice during its review process [2][3]. - The merger is expected to enhance Getty Images' capabilities, particularly with the integration of generative AI technologies, allowing customers to create commercially safe visuals [4].
Getty Images Announced as Official Photographer of the 2026 Grammy Awards®
Globenewswire· 2026-01-29 13:56
Core Insights - Getty Images continues its decade-long partnership with the Recording Academy as the official photographer for the 2026 Grammy Awards, scheduled for February 1, 2026 [2][5] - The company will provide comprehensive coverage of the event, including red carpet arrivals, on-stage performances, and exclusive backstage moments, with all imagery available exclusively through gettyimages.com [3][4] Company Overview - Getty Images has over 30 years of experience in creating award-winning imagery and video, covering nearly 70,000 entertainment events annually, including major awards ceremonies and fashion weeks [6] - The company emphasizes its commitment to delivering high-impact visuals that capture culturally significant moments and support customers in storytelling [4][6] Partnership Details - As part of its ongoing relationship with the Recording Academy, Getty Images will also cover other major events throughout 2026, such as the Latin Grammy Awards and MusiCares events [5] - The 2026 Grammy Awards will be broadcast live on CBS and streamed on Paramount+ at 8 p.m. ET/5 p.m. PT [5] Access for Talent and Creators - Getty Images offers a platform called Access, allowing talent and industry professionals to browse, license, and share high-quality entertainment visuals in real-time for personal and professional use [7]
Getty Images and Greenfly Launch Access by Getty Images, Giving Talent Real-Time, Licensed Access to Red Carpet and Events Coverage for Social Media
Globenewswire· 2026-01-08 13:57
Core Insights - Getty Images has launched "Access by Getty Images," a new service in partnership with Greenfly, providing real-time access to premium entertainment imagery for talent and industry professionals for personal social media use [4][6] - The platform addresses the demand for timely and licensed content, allowing users to share high-quality visuals from major events as they happen, thus bridging the gap between cultural moments and social media [5][8] Group 1: Service Overview - "Access by Getty Images" enables talent and industry professionals to browse, license, and share high-quality visuals from significant entertainment events, including red carpets and premieres, in real-time [5][6] - The service is designed to enhance control and clarity for users regarding their social media presence, particularly during the busy 2026 awards season [6][10] Group 2: Market Demand and Efficiency - There is a growing demand from talent and creators for reliable and immediate access to licensed imagery, which "Access by Getty Images" aims to fulfill [6][7] - The platform reduces reliance on delayed press galleries or unverified sources, providing users with greater efficiency and confidence in their content [7][8] Group 3: Strategic Partnership - The collaboration between Getty Images and Greenfly combines Getty's editorial excellence with Greenfly's technology, empowering talent to enhance their personal brand and online presence [9] - Greenfly has a proven track record in powering content operations for major sports leagues and entertainment companies, making it a strategic partner for this initiative [9]
Getty Images Brings the Year's Most Powerful Stories to Life through its 2025 Year in Review
Globenewswire· 2025-12-03 13:57
Core Insights - Getty Images released its 2025 Year in Review, highlighting significant stories, events, and cultural moments from the year across various sectors including news, sports, and entertainment [2][4] Group 1: Overview of the Year in Review - The collection features over 160,000 documented events globally, including major occurrences such as the UEFA Women's EURO Championship, FIFA Club World Cup, and significant social movements [3] - The Year in Review emphasizes Getty Images' unique ability to provide high-quality, authentic visual content that enhances storytelling for customers worldwide [4] Group 2: Editorial Commitment - Getty Images has been dedicated to capturing historical moments in real-time for the past 30 years, showcasing both headline-making stories and quieter community moments [5] - The retrospective highlights the breadth and artistry of Getty Images' editorial visuals, reflecting the contributions of its global network of staff and partners [5][7] Group 3: Themes and Impact - The 2025 curation underscores the importance of visual storytelling in inspiring dialogue and reminding audiences of shared human experiences over the past year [7]