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Getty Images Holdings
(NYSE:GETY)
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Rating:40Underperform
Price Target:
$0.42
▼(-4.32% Downside)
Action:Downgraded
Date:08/11/26
The score is driven primarily by weak financial performance (sharp TTM revenue decline, net losses, and negative operating/free cash flow) and bearish technicals (price below key moving averages with negative MACD). Valuation is constrained by losses (negative P/E) and lack of dividend support, while the earnings call adds uncertainty from suspended guidance and balance-sheet/financing work despite some operational and margin resilience.
Positive Factors
Recurring revenue mix
A durable shift toward subscriptions (58.8% of revenue, +7.1%) increases revenue predictability and customer lifetime value. Higher recurring mix smooths cash flows, supports pricing power, and enables long-term planning for product investment and margin maintenance despite cyclical demand.
Negative Factors
High leverage & interest cost
Very high debt with multiple high-coupon tranches imposes persistent cash interest burdens that erode free cash flow and constrain reinvestment. Elevated refinancing and covenant risk reduce strategic flexibility and increase sensitivity to macro rate moves over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue mix
A durable shift toward subscriptions (58.8% of revenue, +7.1%) increases revenue predictability and customer lifetime value. Higher recurring mix smooths cash flows, supports pricing power, and enables long-term planning for product investment and margin maintenance despite cyclical demand.
Read all positive factors
Getty Images Holdings (GETY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$113.89M
Dividend YieldN/A
Average Volume (3M)13.37M
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue Growth3.29%
EPS Growth-35.93%
CountryUS
Employees1,650
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.39
Shares Outstanding421,018,460
10 Day Avg. Volume5,996,167
30 Day Avg. Volume13,368,781
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.00
Price to Sales (P/S)0.57
P/FCF Ratio97.89
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$0.85Price Target Upside93.18% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.04
Revenue Forecast (FY)$950.77M
Getty Images Holdings Business Overview & Revenue Model
Company Description
Getty Images Holdings, Inc. functions as a prominent global marketplace and creator of visual content. The company maintains an extensive collection of proprietary photographic archives, encompassing roughly 160,000 significant events from news, s...
How the Company Makes Money
Getty Images primarily makes money by licensing visual content (photos, video, and other digital assets) to customers for use in advertising, marketing, publishing, broadcasting, and corporate communications. Revenue is generated through (1) creat...
Getty Images Holdings Earnings Call Summary
Earnings Call Date:Aug 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Negative
The call highlights continued strengths in recurring and premium revenue, strong editorial performance (driven by major events), sizable growth in custom content and product innovation, and active management focus on liquidity and balance sheet repair. However, material near-term challenges include declining agency and iStock performance, significant regional weakness (notably APAC), a steep drop in active annual subscribers, a large litigation-related cash outflow that drove free cash flow sharply negative, high leverage and interest costs, and the termination costs and uncertainty from the ended Shutterstock merger. Management has initiated financing and operational actions, but the company faces meaningful cash- and debt-related headwinds while resolving operational pressures.Positive Updates
Revenue Scale and Recurring Revenue Mix
Q2 revenue of $229.1 million; annual subscription revenue represented 58.8% of total (up from 53.5% YoY) and grew 7.1% (5.6% currency neutral), reflecting a shift toward recurring revenue and premium access strength.
Negative Updates
Overall Revenue Decline
Total revenue declined 2.5% reported and 4.1% on a currency neutral basis versus prior year, with timing of revenue recognition contributing ~50 basis points of growth headwind.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Scale and Recurring Revenue Mix
Q2 revenue of $229.1 million; annual subscription revenue represented 58.8% of total (up from 53.5% YoY) and grew 7.1% (5.6% currency neutral), reflecting a shift toward recurring revenue and premium access strength.
Read all positive updates
Company Guidance
Management said it will not provide earnings guidance while it evaluates strategic financing and balance‑sheet alternatives (process expected through Q3 into Q4; Guggenheim Securities engaged), and pointed to Q2 metrics underpinning that decision: revenue $229.1M (‑2.5% reported; ‑4.1% currency‑neutral), adjusted EBITDA $62.3M (‑8.4%; ‑10.3% CN) with a 27.2% margin (vs. 28.9% prior), adjusted EBITDA less CapEx $48.4M (21.1% margin vs. 22.1%), CapEx $13.8M (6% of revenue; 5–7% expected range), and free cash flow of ‑$122.6M (vs. ‑$9.6M prior) largely driven by a $110.9M litigation payment partially offset by $31.5M insurance proceeds; adjusted for litigation and merger items FCF would have been ‑$4.5M. They finished the quarter with $51.6M cash, $2.1B total debt (including $628M 10.5% notes that were redeemed in July, $540M 11.25% notes, a €470.5M term loan at an applicable 8.31%, $365M 14% notes, and a revolver drawn to $150M), and $80.4M of cash interest ( $37.4M merger‑related); management will provide updates as the financing work progresses.Getty Images Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 978.00M | 981.29M | 939.29M | 916.55M | 926.24M | 918.69M |
| Gross Profit | 658.27M | 655.21M | 686.22M | 666.31M | 671.25M | 670.54M |
| EBITDA | 183.34M | 58.63M | 279.66M | 178.42M | 176.93M | 358.75M |
| Net Income | -158.85M | -206.12M | 39.53M | 19.34M | -77.55M | 117.07M |
Balance Sheet | ||||||
| Total Assets | 3.06B | 3.24B | 2.56B | 2.60B | 2.47B | 2.58B |
| Cash, Cash Equivalents and Short-Term Investments | 51.62M | 90.18M | 121.17M | 142.31M | 97.91M | 186.30M |
| Total Debt | 2.06B | 2.00B | 1.35B | 1.45B | 1.49B | 1.76B |
| Total Liabilities | 2.56B | 2.64B | 1.85B | 1.92B | 1.88B | 2.19B |
| Stockholders Equity | 450.71M | 552.54M | 670.20M | 633.23M | 545.08M | 338.61M |
Cash Flow | ||||||
| Free Cash Flow | -83.91M | 5.67M | 60.87M | 75.72M | 103.83M | 139.57M |
| Operating Cash Flow | -26.31M | 65.19M | 118.32M | 132.72M | 163.12M | 188.89M |
| Investing Cash Flow | -57.60M | -59.52M | -72.49M | -57.00M | -61.29M | -136.93M |
| Financing Cash Flow | 675.51M | 576.17M | -56.22M | -45.35M | -184.35M | -19.27M |
Getty Images Holdings Technical Analysis
Negative
0.44
Price Trends
0.60
Negative
0.74
Negative
0.98
Negative
Market Momentum
-0.09
Positive
28.40
Positive
1.37
Positive
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 0.44 is above the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.60, and below the 200-day MA of 0.98, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 28.40 is Positive, neither overbought nor oversold. The STOCH value of 1.37 is Positive, 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 56 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $864.08M | 7.87 | 50.29% | ― | 22.75% | 144.55% | |
68 Neutral | $808.07M | 7.71 | 8214.45% | ― | 13.84% | ― | |
66 Neutral | $955.52M | -31.17 | -7.27% | ― | 9.79% | 53.33% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $318.88M | 11.18 | 7.20% | ― | -0.18% | 63.89% | |
43 Neutral | $198.41M | -0.98 | -39.81% | 24.73% | -10.81% | -409.24% | |
40 Underperform | $113.89M | -0.69 | -29.19% | ― | 3.29% | -35.93% |
* Communication Services Sector Average
GETY
Getty Images Holdings
0.27
-1.55
-85.05%
SSTK
Shutterstock
5.35
-14.43
-72.95%
EVER
EverQuote
24.91
2.30
10.17%
FVRR
Fiverr International
9.18
-13.86
-60.16%
MAX
MediaAlpha
13.17
2.99
29.37%
NXDR
Nextdoor Holdings
2.39
0.48
25.13%
Getty Images Holdings Corporate Events
Business Operations and StrategyExecutive/Board Changes
Getty Images Adds New Directors Amid Governance Changes
Neutral
Jul 21, 2026
On July 20, 2026, Getty Images Holdings, Inc. appointed Elizabeth Abrams and Thomas Walper to its Board of Directors, with Abrams also joining the Audit Committee and being deemed independent under New York Stock Exchange standards. Both entered i...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Getty Images Ends Shutterstock Merger, Redeems Secured Notes
Negative
Jul 7, 2026
Getty Images announced that it had entered into a merger agreement with Shutterstock on January 6, 2025, but its board resolved on June 30, 2026 not to proceed with the required sale of Shutterstock’s editorial business under U.K. Competitio...
Business Operations and StrategyM&A TransactionsPrivate Placements and FinancingRegulatory Filings and Compliance
Getty Images Ends Shutterstock Merger, Explores Financing Options
Negative
Jun 30, 2026
Getty Images Holdings, Inc., a major provider of stock photography and digital media content, had entered into a merger agreement with rival Shutterstock, Inc. on January 6, 2025, aiming to combine their businesses in the global visual content mar...
Business Operations and Strategy
Getty Images Forms Multi-Year Visual Partnership With OpenAI
Positive
Jun 22, 2026
On June 21, 2026, Getty Images announced a multi‑year display partnership with OpenAI that will bring its licensed content libraries into OpenAI’s search and discovery experiences within ChatGPT. Under the agreement, Getty Images’...
Financial DisclosuresLegal Proceedings
Getty Images Faces Court Ruling on Warrant Dispute
Negative
Jun 10, 2026
Getty Images Holdings, Inc., a major provider of stock photography and visual content licensing, serves media, advertising, and corporate customers globally through a large catalog of images and videos. The company’s business model centers o...
M&A TransactionsRegulatory Filings and Compliance
CMA Issues Final Report on Getty–Shutterstock Merger
Neutral
May 15, 2026
On May 15, 2026, the U.K. Competition and Markets Authority issued its final report in a Phase 2 review of the planned merger between Getty Images Holdings, Inc. and Shutterstock Inc. This regulatory milestone marked a significant step in assessin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.