GETY Research | Milton Maxwell

GETY

Getty Images Holdings, Inc.

1.5300

+0.0400+2.68%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Deal pipeline, sub details surface

3/15/26Mar 15, 2026

Q&A revealed a pipeline for more licensing deals with social platforms and LLMs, validating demand for pre-shot content despite confidentiality limits. Subscriber count drop pinned to iStock's June free-trial exit; retention slipped on event timing and mix, but renewals stay consistent—management eyes low-mid 90s recovery by Q2/Q3. No editorial content licensed for AI training, a firm policy amid scraping risks. 2026 guide bakes in $10M recurring from Q4 deals, but no fresh ones quantified. Core ex-acceleration grows modestly. Q&A largely reaffirms prepared momentum. Watch subs.

Key Stats

Market Cap

636.27M

P/E (TTM)

Basic EPS (TTM)

-0.22

Dividend Yield

Recent Filings

8-K

NYSE share price deficiency notice

3/19/26Mar 19, 2026

Getty Images received NYSE notice on March 17, 2026, for failing the $1.00 minimum share price standard over 30 trading days. Trading continues during the six-month cure period, with compliance possible anytime via sustained $1.00 averages. No impact on operations. Failure risks delisting.

8-K

Record revenue, merger advances

3/16/26Mar 16, 2026

Getty Images posted record full-year 2025 revenue of $981.3M, up 4.5%, with Q4 surging 14.1% to $282.3M on two big licensing deals boosting Editorial and Other. Adjusted EBITDA hit $320.9M, margin steady at 32.7%, yet net loss widened to $206.2M from litigation and merger costs. Shutterstock merger cleared all regulators but UK CMA, due June 14; 2026 guidance sees revenue dipping to $948M-$988M due to deal timing. Momentum strong.

10-K

FY2025 results

3/16/26Mar 16, 2026

Getty Images Holdings reported FY2025 revenue of $981M, up 4.5% y/y (3.8% CN), with Creative flat at 0.7% (0.2% CN) while Editorial accelerated 6.9% (6.1% CN) and Other surged 35.2%. Annual subscriptions hit 54% of revenue, but net loss widened to $206M from $39M profit due to $100M litigation loss, $55M merger costs, $79M FX losses, and higher interest from debt refinancing. Q4 momentum showed acceleration from two multi-year license deals boosting all categories. Debt totals $2.0B at year-end with $150M revolver availability; no buybacks or dividends. Proposed Shutterstock merger awaits CMA clearance. Risk: generative AI scraping threatens IP value.

8-K

DOJ clears Getty-Shutterstock merger

2/23/26Feb 23, 2026

Getty Images and Shutterstock cleared DOJ antitrust review unconditionally on February 23, 2026, with the HSR waiting period expired sans conditions. CEOs hailed the step toward merger completion, eyeing SG&A and CAPEX synergies post-close. UK CMA Phase 2 review lingers until April 19. Regulatory hurdles persist.

8-K

CMA split decision on merger

2/19/26Feb 19, 2026

Getty Images welcomed the UK CMA's provisional clearance of its Shutterstock merger in global stock content but disputed the finding of potential competition harm in UK editorial. The company plans constructive engagement and a timely response. Merger faces regulatory risks.

About

Getty Images Holdings, Inc. provides creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. It offers creative, which includes royalty-free photos, illustrations, vectors, videos, and generative AI-services; editorial, which consists of photos and videos covering entertainment, sports, and news; and other products and services, such as music licensing, digital asset management, distribution services, print sales, and data access and/or licensing. The company also provides its stills, images, and videos through its website Gettyimages.com, which serves enterprise agency, media, and corporate customers; iStock.com, an e-commerce platform that primarily serves small and medium-sized businesses, including the freelance market; Unsplash.com, a platform that offers free stock photo downloads and paid subscriptions to high-growth prosumer and semi-professional creator segments; and Unsplash+, an unlimited paid subscription that provides access to model released content with expanded legal protections. In addition, it maintains privately-owned photographic archives covering news, sport, and entertainment, as well as variety of subjects, including lifestyle, business, science, health, wellness, beauty, sports, transportation, and travel. The company was founded in 1995 and is headquartered in Seattle, Washington.

CEO

Mr. Mark H. Getty

IPO

9/21/2020

Website

https://www.gettyimages.com

Employees

1,700

Sector

Communication Services

Industry

Internet Content & Information