Getty Images (NYSE:GETY) Posts Earnings Results, Misses Expectations By $0.02 EPS

Getty Images (NYSE:GETY) announced its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $226.57 million during 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 Trading Up 85.9%

Shares of GETY stock traded up $0.52 during mid-day trading on Monday, reaching $1.12. The stock had a trading volume of 214,831,602 shares, compared to its average volume of 4,227,767. The firm has a market capitalization of $471.33 million, a PE ratio of -4.33 and a beta of 2.03. The stock’s 50-day moving average price is $0.86 and its two-hundred day moving average price is $1.01. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.13. Getty Images has a 52-week low of $0.58 and a 52-week high of $3.21.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Wedbush restated an “outperform” rating and set a $7.00 price target on shares of Getty Images in a research report on Tuesday, May 12th. Weiss Ratings cut Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Finally, Citigroup decreased their price objective on Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.78.

Insider Transactions at Getty Images

In related news, insider Grant Farhall sold 42,022 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total value of $32,777.16. Following the sale, the insider directly owned 288,190 shares of the company’s stock, valued at $224,788.20. This trade represents a 12.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Craig Warren Peters sold 167,403 shares of the company’s stock in a transaction that occurred 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 $1,005,847.44. The trade was a 11.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 429,663 shares of company stock worth $335,518. Company insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Getty Images

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Getty Images by 43.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock valued at $4,041,000 after buying an additional 742,008 shares in the last quarter. Readystate Asset Management LP purchased a new position in Getty Images during the 4th quarter valued at about $3,071,000. Geode Capital Management LLC boosted its stake in Getty Images by 14.0% during the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock worth $3,099,000 after acquiring an additional 228,532 shares in the last quarter. Millennium Management LLC boosted its stake 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 acquiring an additional 943,567 shares in the last quarter. Finally, Callodine Capital Management LP purchased a new stake in Getty Images in the fourth quarter worth about $670,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.