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Getty Images Holdings (GETY)
NYSE:GETY
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.05Last Year’s EPS
$0.09Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -47.83%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with notable revenue growth, particularly in the subscription and editorial segments. Despite some challenges in creative revenue and cash flow, the company's strategic initiatives, including AI partnerships and API integrations, demonstrate a strong growth trajectory.Company Guidance
During Getty Images' Q3 2024 earnings call, the company provided an optimistic outlook based on strong quarterly performance. Revenue reached $240.5 million, representing a year-over-year increase of 4.9% on a reported basis and 5.4% on a currency-neutral basis, while adjusted EBITDA was $80.6 million with a margin of 33.5%. The subscription business, which now accounts for over 50% of total revenue, showed significant growth with a 48% increase in subscribers. Editorial revenue increased by 16.1% year-over-year, while creative revenue saw a decline, primarily due to shifts in Premium Access revenue allocation. The company is projecting full-year 2024 revenue between $934 million and $943 million, with an adjusted EBITDA range of $292 million to $294 million. Furthermore, Getty Images continues to focus on strategic investments and debt reduction, with a net leverage of 4.2x.Revenue Growth
Getty Images reported Q3 2024 revenue of $240.5 million, representing a year-on-year increase of 4.9% on a reported basis and 5.4% on a currency-neutral basis.
Subscription Business Performance
The subscription business saw a growth of subscribers by nearly 50% versus the comparable LTM period, with subscriptions now accounting for more than 50% of total revenue.
Editorial Revenue Increase
Editorial revenue increased by 16.1% year-on-year and 16.3% on a currency-neutral basis, marking a return to growth after 4 consecutive quarters of decline.
Creative API Integrations
Renewals with major brands like Squarespace, enhancing the reach and integration of Getty's creative offerings.
AI Partnerships
Successful AI partnership with Sony Pictures to promote their latest Venom series using Getty's generative AI model.
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GETY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GETY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $4.37 | $3.45 | -21.05% |
| Aug 09, 2024 | $3.21 | $3.28 | +2.18% |
| May 09, 2024 | $3.87 | $3.53 | -8.79% |
| Mar 14, 2024 | $5.15 | $5.17 | +0.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Getty Images Holdings (GETY) report earnings?
Getty Images Holdings (GETY) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Getty Images Holdings (GETY) earnings time?
Getty Images Holdings (GETY) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GETY EPS forecast?
GETY EPS forecast for the fiscal quarter 2024 (Q4) is $0.05.
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