Getty Images (NYSE:GETY) Announces Quarterly Earnings Results

Getty Images (NYSE:GETY) released its quarterly earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02), Zacks reports. Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%.The firm had revenue of $226.57 million for the quarter, compared to the consensus estimate of $238.90 million.

Here are the key takeaways from Getty Images’ conference call:

• Q1 revenue was $226.6M (+1.1% reported, -2.5% cc) and adjusted EBITDA was $61.6M (down ~12%); management left full?year guidance unchanged at $948M–$988M revenue and $279M–$295M adjusted EBITDA, expecting margins to normalize to ~30% in H2.
• Editorial strength from the Milan Cortina Olympics and archive demand drove +11% editorial growth, while custom content/video/AI sets grew >250% YoY and Unsplash+ ~20%, with corporate revenue up 6%, highlighting clear growth pockets beyond microstock.
• Agency revenue remains a headwind (down 14%) and microstock faces secular pressure from AI and search changes; Getty discontinued the iStock free trial, shrinking active annual subscribers to 258k (from 318k) and causing near?term KPI drag expected to linger through Q3 but intended to improve long?term economics.
• Getty drew $120M on its revolver to pay a ~$110.9M judgment, finished Q1 with $96.6M cash and $1.99B total debt (estimated 2026 cash interest ~ $194M); the Shutterstock merger is cleared everywhere except the U.K., where a CMA decision is expected in mid?June, creating regulatory and balance?sheet risks.

Getty Images Stock Down 2.2%

GETY stock opened at $0.71 on Friday. The stock’s 50 day simple moving average is $0.83 and its 200 day simple moving average is $1.16. The company has a market cap of $299.14 million, a P/E ratio of -2.75 and a beta of 1.94. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.77 and a current ratio of 0.76. Getty Images has a fifty-two week low of $0.67 and a fifty-two week high of $3.21.

Analyst Ratings Changes

GETY has been the topic of a number of recent research reports. Citigroup cut their price target on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Zacks Research lowered shares of Getty Images from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Weiss Ratings lowered shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday. Finally, Wedbush reissued an “outperform” rating and issued a $7.00 price objective on shares of Getty Images in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $3.78.

Insider Activity at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 167,403 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total value of $130,574.34. Following the transaction, the chief executive officer directly owned 1,289,548 shares of the company’s stock, valued at approximately $1,005,847.44. This trade represents a 11.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Grant Farhall sold 42,022 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total transaction of $32,777.16. Following the sale, the insider directly owned 288,190 shares of the company’s stock, valued at approximately $224,788.20. The trade was a 12.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 391,563 shares of company stock valued at $305,419. Corporate insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Getty Images by 43.8% during the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after buying an additional 742,008 shares in the last quarter. Readystate Asset Management LP purchased a new stake in shares of Getty Images in the fourth quarter valued at about $3,071,000. Geode Capital Management LLC lifted its position in shares of Getty Images by 14.0% during the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock valued at $3,099,000 after purchasing an additional 228,532 shares in the last quarter. Millennium Management LLC boosted its holdings in Getty Images by 160.7% during the fourth quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock worth $2,051,000 after purchasing an additional 943,567 shares during the last quarter. Finally, Callodine Capital Management LP bought a new stake in Getty Images in the 4th quarter worth about $670,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.