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]

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]