Core Insights - Getty Images reported solid growth in Q2 2025, driven by subscription momentum and strong demand across Corporate and Media sectors [2][5] - The company achieved its fifth consecutive quarter of revenue growth, emphasizing execution and fiscal discipline moving forward [2][5] Financial Performance - Q2 2025 revenue was $234.9 million, a 2.5% increase year-over-year and 1.8% on a currency-neutral basis [6] - Creative revenue decreased by 5.1% year-over-year to $130.8 million, while editorial revenue increased by 5.6% to $88.3 million [6] - Annual subscription revenue grew to 53.5% of total revenue, up from 52.9% in Q2 2024 [6] Profitability Metrics - The company reported a net loss of $34.4 million in Q2 2025, compared to a net income of $3.7 million in Q2 2024 [6] - Adjusted EBITDA for Q2 2025 was $68.0 million, down 1.2% year-over-year, with an adjusted EBITDA margin of 28.9% [6][44] - Free cash flow was $(9.6) million in Q2 2025, a decrease from $31.1 million in the prior year [6] Liquidity and Balance Sheet - The ending cash balance on June 30, 2025, was $110.3 million, down from $121.2 million a year earlier [6][35] - Total debt stood at $1.39 billion, including $539.9 million in Senior Secured Notes and a Term Loan balance of $550.3 million [7] Key Performance Indicators - Total purchasing customers decreased by 4.4% to 707,000, while active annual subscribers increased by 13.8% to 321,000 [9] - The annual subscriber revenue retention rate improved to 93.4%, up from 89.4% in the previous year [9] Business Highlights - The company reaffirmed its 2025 revenue guidance of $931 million to $968 million, with expected year-over-year growth of -0.9% to 3.1% [14] - Getty Images is working towards closing its merger with Shutterstock by the end of 2025, with regulatory reviews ongoing [19][18]