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Getty Images Holdings (GETY)
NYSE:GETY
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Getty Images Holdings
(NYSE:GETY)
70Neutral
Positive Factors
Debt Management
The management is expected to pay down debt quickly post-close, which could result in a significant decrease in the debt balance each year.
Merger Benefits
The Getty-Shutterstock merger is expected to create greater opportunities to cross-sell higher-value Getty content to a broader Shutterstock customer base.
Revenue Growth
Active annual subscribers increased by 33% year-over-year, driven by eCommerce traction at iStock & Unsplash+, with a broadening buyer base.
Negative Factors
Revenue Challenges
Creative and Editorial revenue was lower than expected, missing expectations by -3%/-4%, respectively.
Revenue Forecast
There is a reduction in '25E total revenue by -3.0%, reflecting FX headwinds and macro-driven Agency headwinds.
Share Float Issues
There are lingering float challenges with the shares that need to be addressed.
Getty Images Holdings (GETY) vs. S&P 500 (SPY)
Market Cap
$781.36M
Dividend YieldN/A
Average Volume (3M)976.70K
Price to Earnings (P/E)19.8
Beta (1Y)1.17
Revenue Growth2.48%
EPS Growth103.37%
CountryUS
Employees1,700
SectorCommunication Services
Sector Strength84
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.06
Shares Outstanding413,417,180
10 Day Avg. Volume532,231
30 Day Avg. Volume976,701
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap3.70
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit4.21
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$12.16Price Target Upside557.30% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Getty Images Holdings Business Overview & Revenue Model
Company DescriptionGetty Images Holdings (GETY) is a leading global visual content company, specializing in the creation and distribution of high-quality stock photos, videos, music, and editorial content. The company serves a diverse range of industries including media, advertising, and corporate sectors, providing creative professionals and businesses with access to a vast library of digital assets through its robust online platforms. Getty Images is known for its extensive and curated collections that cater to the visual storytelling needs of its clients worldwide.
How the Company Makes MoneyGetty Images generates revenue primarily through licensing fees for its visual content. Clients, ranging from individuals to large corporations, pay to license images, videos, and music for various uses such as advertising, marketing, and editorial purposes. The company offers both rights-managed and royalty-free licensing options, allowing customers to choose the best fit for their specific needs. Additionally, Getty Images has developed strategic partnerships with major content creators and distributors to expand its library and enhance its offerings. Subscription services also contribute to the company's revenue, providing clients with access to a set number of downloads for a recurring fee. Furthermore, Getty Images capitalizes on exclusive content agreements and collaborations with renowned photographers and media organizations, ensuring a unique and diverse portfolio that attracts and retains a broad customer base.
Getty Images Holdings Financial Statement Overview
Summary
Getty Images Holdings demonstrated strong revenue growth and improved profitability, with a significant improvement in net profit margin. The balance sheet shows reduced leverage, and cash flow improved with notable free cash flow growth, though cash profitability remains moderate.Income Statement
Getty Images Holdings demonstrated a robust gross profit margin of 73.06% in 2024, supported by consistent revenue growth compared to 2023. The net profit margin improved significantly from 2.11% in 2023 to 14.32% in 2024, indicating enhanced profitability. However, the EBIT and EBITDA margins, while healthy, showed no substantial improvement over the previous year.―
Balance Sheet
The balance sheet reflects a strong equity position with an equity ratio of 26.14% in 2024. The debt-to-equity ratio improved significantly to 0.04, indicating reduced leverage and financial risk. Return on Equity (ROE) increased to 20.06%, highlighting better utilization of equity. Despite these improvements, the overall liabilities remain substantial.65
Cash Flow
Free cash flow grew by 56.19% from 2023 to 2024, indicating improved cash generation. The operating cash flow to net income ratio stood at 0.88, suggesting efficient cash conversion despite a decrease from previous years. However, the free cash flow to net income ratio at 0.88 reflects a moderate level of cash profitability.―
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 939.29M | 916.55M | 926.24M | 918.69M | 815.40M | Gross Profit |
| 686.22M | 666.31M | 671.25M | 670.54M | 589.34M | EBIT |
| 180.81M | 127.67M | 202.03M | 201.99M | 156.26M | EBITDA |
| 180.81M | 190.59M | 186.69M | 303.82M | 264.89M | Net Income Common Stockholders |
| 134.44M | 19.34M | -77.64M | 117.07M | -37.38M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 121.17M | 138.08M | 97.91M | 186.30M | 156.48M | Total Assets |
| 2.56B | 2.60B | 2.47B | 2.58B | 2.51B | Total Debt |
| 29.03M | 1.45B | 1.48B | 1.76B | 1.81B | Net Debt |
| -92.14M | 1.31B | 1.38B | 1.57B | 1.65B | Total Liabilities |
| 1.85B | 1.92B | 1.88B | 2.88B | 2.83B | Stockholders Equity |
| 670.20M | 633.23M | 545.08M | -346.74M | -367.29M |
| Cash Flow | Free Cash Flow | |||
| 118.32M | 75.72M | 103.83M | 139.57M | 103.60M | Operating Cash Flow |
| 118.32M | 132.72M | 163.12M | 188.89M | 148.46M | Investing Cash Flow |
| -72.49M | -57.00M | -61.29M | -136.93M | -53.48M | Financing Cash Flow |
| -56.22M | -45.35M | -184.35M | -19.27M | -52.00M |
Getty Images Holdings Technical Analysis
Negative
1.85
Price Trends
1.90
Negative
2.21
Negative
2.87
Negative
Market Momentum
0.02
Negative
48.79
Neutral
38.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GETY, the sentiment is Negative. The current price of 1.85 is above the 20-day moving average (MA) of 1.81, below the 50-day MA of 1.90, and below the 200-day MA of 2.87, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 48.79 is Neutral, neither overbought nor oversold. The STOCH value of 38.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GETY.
Getty Images Holdings Risk Analysis
Getty Images Holdings disclosed 58 risk factors in its most recent earnings report. Getty Images Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Getty Images Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | $781.36M | 19.83 | 6.07% | ― | 2.48% | 103.37% | |
67 Neutral | $618.35M | 16.14 | 7.07% | 7.01% | 10.30% | -57.87% | |
60 Neutral | $13.74B | 7.25 | -2.74% | 3.81% | 2.21% | -37.97% | |
59 Neutral | $359.76M | 25.25 | -1.00% | ― | 0.82% | -102.72% | |
56 Neutral | $617.08M | ― | -53.22% | ― | 14.63% | 62.75% | |
53 Neutral | $358.99M | ― | -3.92% | ― | -15.62% | 79.81% | |
46 Neutral | $575.13M | ― | -19.38% | ― | 13.27% | 34.93% |
* Communication Services Sector Average
Performance Comparison
GETY
Getty Images Holdings
1.85
-2.02
-52.20%
SSTK
Shutterstock
17.34
-21.13
-54.93%
SEAT
Vivid Seats
1.76
-3.69
-67.71%
KIND
Nextdoor Holdings
1.41
-0.95
-40.25%
ZH
Zhihu
3.99
-0.04
-0.99%
SMWB
Similarweb
7.44
0.18
2.48%
Getty Images Holdings Earnings Call Summary
Earnings Call Date:Mar 17, 2025
(Q4-2024)
| % Change Since: -13.95%|
Next Earnings Date:May 12, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture for Getty Images. While the company experienced a strong Q4 with revenue and adjusted EBITDA growth, increased subscribers, and successful refinancing, it also faced challenges such as a decline in creative revenue, impacts from the Hollywood strikes and LA fires, and a decrease in free cash flow. The sentiment of the call is balanced with notable achievements and significant challenges.Q4-2024 Updates
Positive Updates
Revenue Growth in Q4 2024
In the fourth quarter, Getty Images grew revenue to $247.3 million, representing growth of 9.5% or 8.5% on a currency-neutral basis.
Adjusted EBITDA Increase
Adjusted EBITDA rose to $80.6 million in Q4, up 11.7% or 10.4% on a currency-neutral basis, with a margin of 32.6%.
Increase in Annual Subscribers
Getty Images added 78,000 active annual subscribers to reach 314,000 in Q4 LTM period, an increase of approximately 33% over the comparable LTM period.
Refinancing of Term Loans
Getty Images completed the refinancing of $1 billion in term loans, extending maturities to 2030.
Net Leverage Reduction
The company reduced its net leverage to 3.97 times, below four times for the first time in over a decade.
Negative Updates
Challenges in Creative Revenue
Creative revenue was $142.4 million, down 2.4% year-on-year and 3.1% on a currency-neutral basis, primarily due to a shift in download consumption from creative to editorial.
Impact of Hollywood Strikes and LA Fires
The company faced continued disruption from the Hollywood strikes and new challenges due to the Los Angeles fires impacting production activity.
Agency Revenue Decline
Agency segment saw high-single-digit declines in Q4, continuing a trend of decline over the past several years.
Decreased Free Cash Flow
Free cash flow for the full year decreased to $60.9 million compared to $75.7 million in 2023, primarily due to increased cash paid for interest and taxes.
Company Guidance
During the Getty Images earnings call for the fourth quarter and full year 2024, the company reported a revenue increase to $247.3 million in Q4, marking a 9.5% growth, or 8.5% on a currency-neutral basis. Adjusted EBITDA rose by 11.7% to $80.6 million, with a margin of 32.6%. For the entire year, revenue reached $939.3 million, up 2.5%, and adjusted EBITDA was $300.3 million, maintaining a margin of 32%. The company added 78,000 new annual subscribers, totaling 314,000, with a retention rate increase to 92.9%. The Americas led regional growth with a 15.9% increase. In 2025, Getty Images expects revenues between $918 million to $955 million, with an adjusted EBITDA ranging from $272 million to $290 million, factoring in potential impacts from currency fluctuations and recent disruptions like the Los Angeles fires.Getty Images Holdings Corporate Events
Private Placements and FinancingBusiness Operations and Strategy
Getty Images Completes Major Refinancing to Boost Liquidity
Positive
Feb 21, 2025
On February 21, 2025, Getty Images Holdings, Inc. completed a significant refinancing of approximately $1.042 billion in existing term loans, initially set to mature in 2026. This refinancing, involving new U.S. dollar and euro term facilities, aims to enhance the company’s liquidity and strategic growth potential, allowing it to better seize emerging market opportunities and maximize shareholder returns.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.