GETY

Getty Images faced a challenging second quarter, with the market reacting sharply to results that missed Wall Street’s expectations. Management attributed the underperformance to lingering costs from the terminated Shutterstock merger and persistent weakness in both the agency and iStock businesses. CEO Craig Peters described the period as “not where we wanted them to be,” pointing to secular industry headwinds and the growing impact of generative AI on search-driven customer acquisition. The company also cited regulatory hurdles and legal expenses, particularly related to the merger process and warrant litigation, as significant factors affecting liquidity and operational focus. Is now the time to buy GETY? Find out in our full research report (it’s free). Revenue: $229.1 million vs analyst estimates of $234.9 million (2.5% year-on-year decline, 2.5% miss) EPS (GAAP): -$0.21 vs analyst estimates of $0.01 (significant miss) Adjusted EBITDA: $62.28 million vs analyst estimates of $67.31 million (27.2% margin, 7.5% miss) Operating Margin: 14.1%, down from 15.1% in the same quarter last year Market Capitalization: $129.5 million While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. This section has been intentionally omitted as there were no live analyst questions or Q&A with named analysts in the Q2 CY2026 Getty Images earnings call transcript. In upcoming quarters, key areas to watch will be (1) progress on debt reduction and any announced capital structure changes, (2) traction and monetization of AI-driven features and new premium product offerings, and (3) the stabilization or recovery of core subscription and enterprise segments. Ongoing developments in industry regulation and search engine behavior will also be key areas of focus. Getty Images currently trades at $0.31, down from $0.44 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it’s free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+271% between June 2020 and June 2025). Find your next big winner with StockStory today.

This article first appeared on GuruFocus. Release Date: August 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Getty Images Holdings Inc (NYSE:GETY) saw continued growth in its largest business segments, corporate and media, which represent three quarters of revenue, with strong customer adoption, consumption, and retention. Annual subscription revenue grew 7.1% (5.6% currency-neutral) and now makes up 58.8% of total revenue, driven by Premium Access, which grew 5.5% and has a nearly 100% revenue retention rate. Editorial revenue grew 9.2% (7.6% currency-neutral), fueled by strong demand for FIFA World Cup coverage, global news events, and archived content from broadcast and production customers. The company is actively addressing its balance sheet by hiring Guggenheim Securities to explore strategic financing alternatives, and it redeemed $628.4 million of high-cost notes in July, reducing debt. Getty Images Holdings Inc (NYSE:GETY) is innovating with new offerings like single-seat subscriptions, a prompt-based AI editing tool, and an MCP server, positioning itself for future growth in AI-driven content services. Customer quality is improving, with higher average order values and stable subscriber health, including mid-90s revenue retention rates for Getty Images and Unsplash+ subscribers. Q2 revenue declined 2.5% (4.1% currency-neutral) to $229.1 million, missing expectations, due to ongoing challenges in Agency and iStock businesses. The Agency business continued to decline, down 13%, due to secular headwinds, industry consolidation, and a business model that incentivizes internal production, including AI. iStock faced significant headwinds from declining search engine referral traffic and AI-generated answers, impacting new customer acquisition and leading to a decline in revenue. The company terminated the Shutterstock merger after spending over $100 million in professional fees and financing costs, and it is now burdened with a challenged balance sheet and $2.1 billion in debt. Free cash flow was deeply negative at -$122.6 million, driven by a $110.9 million warrant litigation payment, and the company had to draw an additional $30 million on its revolver to enhance liquidity. Annual subscription revenue retention rate fell to 88.4% from 93.4% year-over-year, and active annual subscribers dropped to 240,000 from 321,000, reflecting strategic exits and traffic headwinds. Warning! GuruFocus has detected 7 Warning Signs with GETY. Is GETY fairly valued? Test your thesis with our free DCF calculator. Q: What were the key factors impacting Getty Images' Q2 2026 financial results, and what is the company's immediate priority? A: CEO Craig Peters stated that Q2 results were not where the company wanted them to be, primarily due to the cumulative real and opportunity costs of pursuing the now-terminated Shutterstock merger, combined with continued market challenges in the Agency and iStock e-commerce businesses. The immediate priority is addressing the company's balance sheet and liquidity, which they describe as a "great business with significant opportunities and a challenged balance sheet." Q: Can you provide details on the decision to terminate the Shutterstock merger and the associated costs? A: CEO Craig Peters explained that the company spent over 18 months and more than $100 million in professional fees and financing costs pursuing the merger. The regulatory requirements and corresponding uncertainty and cost of execution became burdens that were no longer in the best interest of the company. As a result, they terminated the merger agreement and are now on a stand-alone path, having hired Guggenheim Securities in July to explore strategic financing alternatives and balance sheet management initiatives. Q: What were the specific drivers of the revenue decline in the second quarter? A: CFO Jennifer Leyden reported Q2 revenue of $229.1 million, down 2.5% reported and 4.1% on a currency-neutral basis. The decline was largely due to ongoing challenges in the iStock business, where softer traffic trends and search engine referral declines continued to pressure performance, as well as continued weakness in the Agency business, which was down 13%. These declines were partially offset by growth in the Getty Images enterprise-focused business, custom content solutions (up over 350%), and Unsplash+ (up over 15%). Q: How is the company addressing the challenges in the iStock and Agency businesses? A: CEO Craig Peters outlined a two-pronged approach. For the Agency business, they will continue to rationalize resources given secular challenges, but are encouraged by AI transparency laws and slowing AI use in ad creative. For iStock, they will reorient the site toward premium offerings where they see improved customer lifetime value and rationalize marketing spend where returns no longer meet payback requirements. This will adversely impact some business KPIs through 2026 and into 2027 but supports the goal of improved liquidity. Q: What was the impact of the warrant litigation on free cash flow, and what were the adjusted figures? A: CFO Jennifer Leyden noted that free cash flow was negative $122.6 million, primarily due to a $110.9 million payment related to the Alta and CRCM warrant litigation judgment. This was partially offset by $31.5 million in insurance proceeds. After adjusting for the net impact of litigation payments, insurance recovery, merger financing-related interest, and merger expenses, free cash flow would have been negative $4.5 million versus the reported negative $122.6 million. Q: Can you elaborate on the performance of the annual subscription business and the decline in active subscribers? A: CFO Jennifer Leyden stated that annual subscription revenue was 58.8% of total revenue, up from 53.5% last year, representing growth of 7.1%. However, active annual subscribers totaled 240,000, down from 321,000 in the prior year period. This decline was expected and reflects the deliberate strategy to deemphasize lower-value acquisition channels, including the discontinuation of the iStock free trial program, as well as ongoing search-related traffic headwinds. Importantly, subscriber health remains stable with strong customer quality, including revenue retention rates in the mid-90s for Getty Images and Unsplash+. Q: What were the key drivers behind the growth in Editorial revenue and the decline in Creative revenue? A: Editorial revenue grew 9.2% year-on-year to $96.5 million, driven by strong demand for world-class coverage including the FIFA World Cup, global news events, and strong demand for archived content from broadcast and production customers. Creative revenue declined 2.6% to $127.4 million. A shift in download consumption within Premium Access subscriptions from creative to editorial impacted results by approximately 380 basis points, driven by demand for event-driven content like the World Cup. Q: What is the company's current capital structure and liquidity position following the merger termination? A: CFO Jennifer Leyden detailed that as of June 30, total debt was $2.1 billion. In July, following the merger termination, the company redeemed the $628.4 million of 10.5% senior secured notes at par using escrow proceeds and drew an additional $30 million under its revolver, bringing total borrowings to $150 million. The company ended Q2 with $51.6 million in balance sheet cash. Due to the ongoing evaluation of strategic financing alternatives, the company is not providing guidance at this time. Q: How is Getty Images positioning itself for future growth as a stand-alone company? A: CEO Craig Peters emphasized the company's focus on being the source for authentic, authoritative, high-quality visual content. Key initiatives include the rollout of C2PA source verification protocols, the launch of a model content protocol (MCP) server, expansion of natural language search, new single-seat subscriptions for individuals, and the launch of a new prompt-based AI editing tool. The company is also partnering with technology companies like Google, OpenAI, and Perplexity to embed their content into AI products and services. Q: What were the regional performance differences in the quarter? A: CFO Jennifer Leyden reported that on a currency-neutral basis, the Americas, the largest region, saw growth of 1.4%. EMEA was down 7.6%, reflecting a higher concentration in Agency and challenges in e-commerce. APAC was down 22.1%, primarily due to certain nonrecurring one-time project spend in the prior year as well as declines in the Agency business. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed Q2 revenue declines to the cumulative real and opportunity costs of the 18-month Shutterstock merger pursuit, which cost over $100 million in professional and financing fees. The Agency business faces structural headwinds as industry consolidation and AI-driven internal production models reduce external content demand. iStock performance was pressured by search engine algorithm changes that prioritize AI-generated answers, negatively impacting new customer acquisition and affiliate traffic. The company is shifting its iStock strategy to focus on premium offerings with higher lifetime value, intentionally rationalizing marketing spend where returns no longer meet payback requirements. Growth in the corporate and media segments, representing 75% of revenue, was driven by strong demand for exclusive editorial content and event-based coverage like the FIFA World Cup. Management is positioning the company as a provider of 'authentic' and 'rights-cleared' content to counter the IP risks associated with unverified generative AI visuals. Operational efficiency is being targeted through agentic AI, including the rollout of coding assistants for engineers and AI customer service chatbots for iStock. The company has withheld financial guidance while it works with Guggenheim Securities to explore strategic financing alternatives and balance sheet management initiatives through Q4. Management expects the strategic pivot at iStock to adversely impact certain business KPIs through 2026 and into 2027 in favor of improved long-term liquidity. Future growth initiatives focus on expanding beyond traditional customer bases via new single-seat subscriptions for individual creators and podcasters. The company plans to further integrate AI as an enabler, leveraging its Model Content Protocol (MCP) to help third-party tech companies build AI experiences using Getty metadata. Capital allocation will prioritize debt reduction and liquidity enhancement following the termination of the Shutterstock merger and recent warrant litigation judgments. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Free cash flow was significantly impacted by a $110.9 million payment related to the Alta and CRCM warrant litigation judgment, partially offset by $31.5 million in insurance proceeds. The company redeemed $628.4 million of senior secured notes at par in July using escrowed funds originally intended for the Shutterstock merger. A $30 million mandatory repayment of 14% senior unsecured notes and a $30 million draw on the revolving credit facility were executed to manage immediate liquidity needs. Revenue recognition timing for large content licensing deals, including the OpenAI partnership, created difficult year-over-year comparisons for the 'Other' revenue category.

Interested in Getty Images Holdings, Inc.? Here are five stocks we like better. Second-quarter revenue fell 2.5% to $229.1 million, while adjusted EBITDA declined 8.4% to $62.3 million. Agency and iStock weakness offset growth in enterprise, editorial and corporate offerings. Getty Images terminated its proposed Shutterstock merger after incurring more than $100 million in related costs, and is now prioritizing liquidity and debt reduction. The company ended the quarter with $51.6 million in cash and $2.1 billion in debt, and suspended financial guidance while it reviews financing options. Cash flow and customer trends weakened: free cash flow was negative $122.6 million, annual subscription retention fell to 88.4%, and active annual subscribers dropped to 240,000. Management expects its shift toward premium iStock offerings and reduced marketing spending to weigh on some performance metrics through 2026 and 2027. Getty Images’ OpenAI Deal Gives the Stock a New AI Licensing Story Getty Images (NYSE:GETY) reported second-quarter 2026 revenue of $229.1 million, down 2.5% from a year earlier, as weakness in its agency and iStock businesses offset growth in its enterprise-focused Getty Images offerings, media coverage and corporate business. Chief Executive Officer Craig Peters said the company’s results “are not where we wanted them to be,” citing the costs and opportunity costs associated with pursuing its proposed merger with Shutterstock, along with continued market pressures in agency and iStock e-commerce operations. → SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat Shutterstock and Getty: A $3.7 Billion Visual Content Giant Revenue declined 4.1% on a currency-neutral basis. The company said timing of revenue recognition contributed about 50 basis points to second-quarter growth. Getty Images terminated its proposed merger with Shutterstock after more than 18 months of work and more than $100 million in professional fees and financing costs, Peters said. He said the regulatory requirements, uncertainty and costs associated with completing the transaction were no longer in the company’s best interest. → Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War As Shutterstock earnings push on, can the stock reach $80? The company is now pursuing a standalone operating plan centered on improving liquidity and reducing debt. In July, Getty Images hired Guggenheim Securities to explore strategic financing alternatives and balance-sheet management initiatives. Peters said he expects that process to continue through the third and fourth quarters, though the company has not established a timeline. Getty Images ended the quarter with $51.6 million in cash, down $45 million sequentially. Total debt stood at $2.1 billion as of June 30. During the quarter, the company made a $30 million mandatory repayment on its 14% senior unsecured notes and a €6.3 million amortization payment on its euro term loan. → 3 Dividend Champion Utilities for a Market That Can't Sit Still Following termination of the Shutterstock transaction, Getty Images used escrowed proceeds to redeem $628.4 million of 10.5% senior secured notes at par. The company also drew another $30 million on its revolving credit facility, bringing revolver borrowings to $150 million. Because the financing review could affect its capital structure, liquidity and financial outlook, Getty Images said it would not provide earnings guidance at this time. Peters said the agency business continues to face secular headwinds, industry consolidation and a business model that incentivizes customers toward internal production, including AI-enabled production. Agency revenue declined 13% during the quarter. At iStock, search-engine referral traffic continued to decline as search platforms implement AI-generated answers, weighing on new-customer acquisition and affiliate traffic. The broader microstock category also remains affected by generative AI, particularly among price-sensitive customers, according to Peters. Getty Images plans to reorient iStock toward premium offerings, where it sees stronger customer lifetime value, and to reduce marketing spending in channels that do not meet its required payback period. Peters said those measures would adversely affect some business key performance indicators through 2026 and into 2027. Annual subscription revenue represented 58.8% of total revenue, up from 53.5% a year earlier, and increased 7.1%, or 5.6% on a currency-neutral basis. Premium Access accounted for more than 40% of quarterly revenue and grew 5.5%. However, the annual subscription revenue retention rate fell to 88.4% from 93.4% in the comparable 2025 period. Chief Financial Officer Jen Leyden attributed the decline to the planned exit from iStock’s free-trial acquisition program, renewal timing among a small number of large Premium Access customers, and the absence of certain nonrecurring spending from the prior-year period. Active annual subscribers declined to 240,000 from 321,000, reflecting the exit from lower-value acquisition channels and search-related traffic headwinds. Leyden said revenue retention remained in the mid-90% range for Getty Images and Unsplash+, while Premium Access subscriber retention was nearly 100%. Creative revenue fell 2.6% to $127.4 million, while editorial revenue rose 9.2% to $96.5 million. A shift in download consumption within Premium Access subscriptions from creative to editorial affected both categories, reducing creative growth by roughly 380 basis points and adding approximately 550 basis points to editorial growth. Getty Images said editorial demand was supported by its coverage of the FIFA World Cup, global news events, archive content, broadcast and production customers, and the broader news cycle. Custom content solutions grew more than 350%, while Unsplash+ subscriptions increased more than 15% year over year. Geographically, currency-neutral revenue increased 1.4% in the Americas but declined 7.6% in EMEA and 22.1% in APAC. The APAC decline primarily reflected nonrecurring project spending in the prior year and agency weakness. Adjusted EBITDA declined 8.4% to $62.3 million, while adjusted EBITDA margin narrowed to 27.2% from 28.9%. Leyden said lower revenue and higher cost of revenue more than offset lower selling, general and administrative expenses. Free cash flow was negative $122.6 million, compared with negative $9.6 million a year earlier. The result included a $110.9 million payment, including interest, related to the Alta and CRCM warrant litigation judgment. Getty Images received $31.5 million of related insurance proceeds during the quarter. Free cash flow also included $80.4 million in cash interest payments, including $37.4 million tied to financing for the proposed Shutterstock merger. After adjusting for litigation impacts, merger-related financing interest and merger expenses, the company said free cash flow would have been negative $4.5 million. Peters said Getty Images will continue investing in tools and partnerships that support authenticated, rights-cleared visual content, including source-verification protocols, AI-enabled customer tools, natural-language search and new subscription offerings for individual creators. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Getty Images Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Annual Subscription Revenue Grew to 58.8% of Q2 Total Revenue Enterprise Strength Through Getty Images Continues Despite Agency and iStock Headwinds NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (“Getty Images” or the “Company”) (NYSE: GETY), a preeminent global visual content creator and marketplace, today reported financial results for the second quarter ended June 30, 2026. "Our second quarter results reflected continued pressure in Agency and iStock e-commerce, while the larger parts of our business serving enterprise customers continued to demonstrate resilience and growth," said Craig Peters, Chief Executive Officer of Getty Images. "We are focused on building on Getty Images' strengths; trusted content, deep customer relationships, unique coverage and an unparalleled archive as we work to optimize our capital structure and support long-term growth as a standalone company." Second Quarter 2026 Financial Summary: Revenue of $229.1 million in Q2'26, a decrease of 2.5% year over year and 4.1% on a currency neutral basis. Net loss of $85.8 million in Q2'26, compared to a Net loss of $34.4 million in Q2’25. Primary drivers of the year-on-year increase include: Net loss margin for Q2’26 was 37.4% compared to net loss margin of 14.6% in Q2’25. On a non-GAAP basis, adjusted net loss* was $20.9 million in Q2'26, compared to $19.1 million adjusted net income* in the prior year period. Adjusted EBITDA* was $62.3 million for Q2'26, down 8.4% year over year and 10.3% on a currency neutral basis, primarily reflecting lower revenue and higher cost of revenue, which more than offset the lower SGA expense. Adjusted EBITDA margin* was 27.2% for Q2’26 compared to 28.9% in the prior year period. Adjusted EBITDA less capex* was $48.4 million, down 6.6% year over year and 9.5% on a currency neutral basis. Liquidity and Balance Sheet: Net cash used in operating activities was $108.7 million in Q2’26, compared to net cash provided by operating activities of $6.5 million in the prior year period. Free cash flow* was $(122.6) million in Q2’26, compared to $(9.6) million in the prior year period, with the decline primarily driven by payments totaling $110.9 million related to the Alta and CRCM warrant litigation judgment and associated interest, a $62.9 million increase in cash interest paid, including $37.4 million of interest on the 10.5% Senior Secured Notes tied to the financing of the proposed merger with Shutterstock, partially offset by $31.5 million of insurance proceeds related to the warrant litigation. Ending cash balance was $51.6 million as of June 30, 2026, down $38.6 million from December 31, 2025 and down $58.7 million from June 30, 2025. The Company had $30.0 million at quarter end available through its revolving credit facility, for total available liquidity of $81.6 million. In July 2026, the Company drew the remaining $30.0 million available under the facility. Total debt was $2.1 billion as of June 30, 2026, which included $1.2 billion in Senior Secured Notes; Term Loan balance of $510.6 million, consisting of $40.1 million in USD and $470.5 million in USD equivalent of Euros, converted using exchange rates as of June 30, 2026; $270.0 million of Senior Unsecured Notes; and $120.0 million borrowed on April 23, 2026 under the revolving credit facility in part to pay the judgment and associated interest related to the Alta and CRCM warrant litigation. Following termination of the Merger Agreement in July 2026, the $628.4 million of 10.5% Senior Secured Notes were redeemed at par in accordance with a special mandatory redemption pursuant to the indenture, with the redemption funded by amounts released from escrow. As of June 30, 2026 the Company had $2.2 million of insurance recovery receivable related to the warrant litigation, representing receivables from third‑party insurance carriers for these legal claims. Management is actively assessing plans intended to improve liquidity, and as previously disclosed, has engaged Guggenheim Securities, LLC to serve as financial advisor in connection with the Company’s evaluation of strategic financing alternatives and balance sheet management initiatives. * Non-GAAP net income (loss), adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA less capex, and free cash flow are non-GAAP financial measures. Refer to the "Non-GAAP Financial Measures" section below for reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures. Key Performance Indicators (KPIs)Our KPIs outlined below are the metrics that provide management with the most immediate understanding of the drivers of business performance and our ability to deliver shareholder return, track to financial targets and prioritize customer satisfaction. Annual subscription - includes products and subscriptions with a duration of 12 months or longer, Unsplash API, and Custom Content. 1 The count of total customers who made a purchase within the reporting period based on billed revenue. 2 The count of customers who were on an annual subscription product during the reporting period. 3 A count of the number of paid downloads by our customers in the reporting period.. Excludes downloads from Editorial Subscriptions, Editorial feeds and certain API structured deals, including bulk unlimited deals. Excludes downloads related to an agreement signed with Amazon, as the magnitude of the potential download volume over the deal term could result in significant fluctuations in this metric without corresponding impact to revenue in the same period.4 This calculates retention of total revenue for customers on an annual subscription product, comparing the customer’s total billed revenue (inclusive of both annual subscription and non-annual subscription products) in the LTM period to the prior LTM period.5 A count of the total images and videos in our content library as of the reporting date.​6 A measure of the percentage of total paid customer downloaders who are video downloaders. Financial OutlookGiven the potential impact of the Company’s evaluation of strategic financing alternatives and balance sheet management initiatives related to the Company's capital structure, liquidity position, and financial outlook, the Company has determined it is not appropriate to provide financial guidance at this time. The withdrawal of guidance is attributable solely to the ongoing evaluation of strategic financing alternatives and should not be interpreted as a change in the Company's commitment to executing its business plan. Previously Announced Merger Agreement with ShutterstockAs previously disclosed, on June 30, 2026, the Board of Directors of Getty Images unanimously resolved (a) not to proceed with the process to sell Shutterstock’s editorial business under the supervision of the CMA, which was a condition to the CMA’s required clearance of the transactions that Getty Images was not required to accept under the terms of the Merger Agreement and (b) to terminate the Merger Agreement following the passage of the Second Extended End Date (as defined in the Merger Agreement) on July 6, 2026. On July 7, 2026, Getty Images delivered a written notice to Shutterstock terminating the Merger Agreement pursuant to the terms thereof, effective upon delivery of such notice. Webcast & Conference Call InformationThe Company will host a conference call at 4:30 p.m. Eastern Time today, Monday, August 10, 2026. The call will consist of prepared remarks only. The webcast will be accessible through the Investor Relations section of the Company’s website at https://investors.gettyimages.com/. To access the call through a conference line, dial 1-833-309-3473 (in the U.S.) or 1-785-838-9251 (international callers). The conference ID for the call is GETTY. A replay of the conference call will be posted shortly after the call and will be available for fourteen days following the call. To access the replay, dial 1-844-512-2921 (in the U.S.) or 1-412-317-6671 (international callers). The access code for the replay is 11162213. About Getty ImagesGetty Images (NYSE: GETY) is a preeminent global visual content creator and marketplace that offers a full range of content solutions to meet the needs of any customer around the globe, no matter their size. Through its Getty Images, iStock and Unsplash brands, websites and APIs, Getty Images serves customers in almost every country in the world and is the first-place people turn to discover, purchase and share powerful visual content from the world’s best photographers and videographers. Getty Images works with over 600,000 content creators and over 360 content partners to deliver this powerful and comprehensive content. Each year Getty Images covers more than 160,000 news, sport and entertainment events providing depth and breadth of coverage that is unmatched. Getty Images maintains one of the largest and best privately-owned photographic archives in the world with millions of images dating back to the beginning of photography. Through its best-in-class creative library and Custom Content solutions, Getty Images helps customers elevate their creativity and entire end-to-end creative process to find the right visual for any need. With the adoption and distribution of generative AI technologies and tools trained on permissioned content that include indemnification and perpetual, worldwide usage rights, Getty Images and iStock customers can use text to image generation to ideate and create commercially safe compelling visuals, further expanding Getty Images capabilities to deliver exactly what customers are looking for. For company news and announcements, visit our Newsroom. Forward-Looking StatementsCertain statements included in this press release are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity, and the determination of the Company not to provide earnings guidance at this time. These statements are based on various assumptions, whether or not identified in this report, and on the current expectations of our management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.These forward-looking statements are subject to a number of risks and uncertainties, including: our inability to continue to license third-party content and offer relevant quality and diversity of content to satisfy customer needs; our ability to attract new customers and retain and motivate an increase in spending by our existing customers; our ability to grow our subscriptions business; the user experience of our customers on our websites; the extent to which we are able to maintain and expand the breadth and quality of our content library through content licensed from third-party suppliers, content acquisitions and imagery captured by our staff of in-house photographers; the mix of and basis upon which we license our content, including the price-points at, and the license models and purchase options through, which we license our content; the risk that we operate in a highly competitive market; the risk that we are unable to successfully execute our business strategy or effectively manage costs; our inability to effectively manage our growth; our inability to maintain an effective system of internal controls and financial reporting; our incurrence of debt, including related interest rate volatility and rising interest costs, which could have a negative impact on our financing options and liquidity position; our need to seek additional capital and any related inability to obtain additional capital on commercially reasonable terms; the risk that we may lose the right to use “Getty Images” trademarks; our inability to evaluate our future prospects and challenges due to evolving markets and customers’ industries; the legal, social and ethical issues relating to the use of new and evolving technologies, such as Artificial Intelligence and machine learning (collectively, “AI”), including statements regarding AI and innovation momentum; the increased use of AI applications such as generative AI technologies that may result in harm to our brand, reputation, business, or intellectual property; the risk that our operations in and continued expansion into international markets bring additional business, political, regulatory, operational, financial and economic risks; our inability to adequately adapt our technology systems to ingest and deliver sufficient new content; the risk of technological interruptions or cybersecurity breaches, incidents, and vulnerabilities; the risk that any prolonged strike by, or lockout of, one or more of the unions that provide personnel essential to the production of films or television programs, such as the 2023 strike by the writers’ union and the actors’ unions and including its lingering effects, could further impact our entertainment business; the inability to expand our operations into new products, services and technologies and to increase customer and supplier awareness of our new and emerging products and services, including with respect to our AI initiatives; the loss of and inability to attract and retain key personnel that could negatively impact our business growth; the inability to protect the proprietary information of customers and networks against security breaches and protect and enforce intellectual property rights; our reliance on third parties; the risks related to our use of independent contractors; the risk that an increase in government regulation of the industries and markets in which we operate could negatively impact our business; the impact of worldwide and regional political, military or economic conditions, including declines in foreign currencies in relation to the value of the U.S. Dollar, hyperinflation, higher interest rates, trade wars and restrictions, tariffs, devaluation, military conflicts in Ukraine, South America and the Middle East, the impact of bank failures on the marketplace and the ability to access credit and significant political or civil disturbances in international markets where we conduct business; the risk that claims, judgments, lawsuits and other proceedings that have been, or may be, instituted against us or our predecessors, including pending lawsuits brought against us by former warrant holders, could adversely affect our business; the inability to regain compliance with the New York Stock Exchange continued listing standards; volatility in our stock price and in the liquidity of the trading market for our Class A common stock; the impact of any widespread outbreak of an illness, pandemic or other local or global health issue, natural disasters, or climate change; changes in applicable laws or regulations; the risks associated with evolving corporate governance and public disclosure requirements; the risk of greater than anticipated tax liabilities; the risks associated with the storage and use of personally identifiable information; earnings-related risks such as those associated with late payments, goodwill or other intangible assets; the risks associated with being an “emerging growth company” and “smaller reporting company” within the meaning of the U.S. securities laws; risks associated with our reliance on information technology in critical areas of our operations; our potential inability to pay dividends for the foreseeable future; the risks associated with additional issuances of Class A common stock without stockholder approval; costs related to operating as a public company; our ability to successfully identify and implement any potential strategic alternatives in a timely manner or at all, and the perceived uncertainties related to the Company; our expressed substantial doubt about our ability to continue as a going concern; and other risks and uncertainties identified in “Item 1A. Risk Factors” of our most recently filed Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on March 16, 2026, as amended by Amendment No. 1 on Form 10-K/A filed with the SEC on April 27, 2026 (the “2025 Form 10-K”) and in our other filings with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These and other factors that could cause actual results to differ from those implied by the forward-looking statements in this report are more fully described under the heading “Item 1A. Risk Factors” in our 2025 Form 10-K and in our other filings with the SEC. The risks described under the heading “Item 1.A. Risk Factors” in our 2025 Form 10-K are not exhaustive. New risk factors emerge from time to time and it is not possible to predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, the statements of belief and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us, as applicable, as of the date of this report, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and you are cautioned not to unduly rely upon these statements. Non-GAAP Financial MeasuresIn order to assist investors in understanding the core operating results that our management uses to evaluate the business and for financial planning, we present the following non-GAAP measures: (1) Adjusted EBITDA, (2) Adjusted EBITDA margin, (3) Adjusted EBITDA less capex (4) Adjusted EBITDA less capex margin, (5) Adjusted net income, (6) Adjusted earnings per share and (7) Free cash flow. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. The Company believes that these measures are relevant and provide useful information widely used by analysts, investors and other interested parties in our industry to provide a baseline for evaluating and comparing our operating performance, and in the case of free cash flow, our liquidity results. We also evaluate our revenue and other metrics on an as reported (U.S. GAAP) and currency neutral basis. Currency neutral revenue changes (expressed as a percentage) exclude the impact of fluctuating foreign currency values pegged to the U.S. Dollar between comparative periods by translating all local currencies using the current period exchange rates. We consistently apply this approach to revenue for all countries where the functional currency is not the U.S. Dollar. We believe presenting currency neutral information provides valuable supplemental information regarding our comparable results, consistent with how we evaluate our performance internally. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are provided below. Reconciliation of Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted EBITDA less capex and Adjusted EBITDA less capex marginAdjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA less capex and Adjusted EBITDA less capex margin are non-GAAP financial measures that we use to provide a more meaningful comparison of our core operating results from period to period. We define Adjusted EBITDA as net income before interest, taxes, depreciation, amortization, equity-based compensation, other operating expenses-net, and certain other expenses not directly related to the core operations of our business. We define Adjusted EBITDA margin as the ratio of Adjusted EBITDA to revenue (in thousands). The following table reconciles net income (loss), the most directly comparable GAAP measure, to Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA less capex and Adjusted EBITDA less capex margin for the periods presented: (1) Foreign currency exchange contracts, foreign exchange gains (losses) and other insignificant non-operating related expenses (income). Reconciliation of Adjusted Net Income and Adjusted Earnings Per ShareAdjusted Net Income and Adjusted Earnings Per Share are non-GAAP financial measures that we use to provide a more meaningful comparison of our core operating results from period to period. These measures exclude the impact of certain items that we believe are not indicative of our core operating performance. These adjustments include, but are not limited to, foreign exchange gains (losses), net and other non-recurring items. The following table reconciles net income (loss) and earnings (loss) per share, the most directly comparable GAAP measures, to adjusted net income (loss) and adjusted earnings (loss) per share for the periods presented: (1) Statutory tax rates used to calculate the tax effect of the adjustments. Reconciliation of Free Cash FlowFree cash flow is a non-GAAP financial measure that we use to provide a more meaningful comparison of operating results from period to period. The following table reconciles net cash used in operating activities, the most directly comparable GAAP measure, to free cash flow for the periods presented: OTHER FINANCIAL DATA Revenue by Product Balance Sheet & Liquidity 1 Excludes restricted cash of $646.3 million as of June 30, 2026, $635.1 million as of December 31, 2025 and $4.1 million as of June 30, 2025.2 Our Revolving Credit Facility was effective May, 2023 and matures May, 2028.3 Face Value of Debt is €412.5 million as of June 30, 2026 converted using FX spot rate of 1.14, €423.5 million as of December 31, 2025 converted using FX spot rate of 1.17, and €440.0 million as of June 30, 2025 converted using the FX spot rate 1.17.4 Represents face value of debt, not GAAP carrying value. Investor Contact:Getty ImagesSteven [email protected] Media Contact:Getty ImagesAnne Flanagan [email protected]

NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (“Getty Images”) (NYSE: GETY) a preeminent global visual content creator and marketplace, announced today that the Company intends to release its second quarter 2026 results after market close on Monday, August 10, 2026, followed by a conference call at 4:30 p.m. (Eastern Time) that same day. The call will consist of prepared remarks only. The conference call can be accessed live over the phone by dialing 1-833-309-3473, or for international callers, 1-785-838-9251. The conference ID for the call is GETTY. An audio replay will be available for two weeks following the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11162213. A simultaneous webcast of the conference call will also be available on the Investor Relations section of the Company’s website at https://investors.gettyimages.com/. The webcast will also be available for replay shortly following the call. About Getty Images: Getty Images (NYSE: GETY) is a preeminent global visual content creator and marketplace that offers a full range of content solutions to meet the needs of any customer around the globe, no matter their size. Through its Getty Images, iStock and Unsplash brands, websites and APIs, Getty Images serves customers in almost every country in the world and is the first-place people turn to discover, purchase and share powerful visual content from the world’s best photographers and videographers. Getty Images works with over 600,000 content creators and over 360 content partners to deliver this powerful and comprehensive content. Each year Getty Images covers more than 160,000 news, sport and entertainment events providing depth and breadth of coverage that is unmatched. Getty Images maintains one of the largest and best privately-owned photographic archives in the world with millions of images dating back to the beginning of photography. Through its best-in-class creative library and Custom Content solutions, Getty Images helps customers elevate their creativity and entire end-to-end creative process to find the right visual for any need. With the adoption and distribution of generative AI technologies and tools trained on permissioned content that include indemnification and perpetual, worldwide usage rights, Getty Images and iStock customers can use text to image generation to ideate and create commercially safe compelling visuals, further expanding Getty Images capabilities to deliver exactly what customers are looking for. For company news and announcements, visit our Newsroom. Investor Contact:Getty ImagesSteven [email protected] Media Contact: Getty ImagesAnne [email protected]

Getty Images has gotten torched over the last six months - since December 2025, its stock price has dropped 23.6% to $0.92 per share. This was partly due to its softer quarterly results and might have investors contemplating their next move. Is now the time to buy Getty Images, or should you be careful about including it in your portfolio? Check out our in-depth research report to see what our analysts have to say, it’s free. Even with the cheaper entry price, we’re sitting this one out for now. Here are three reasons why there are better opportunities than GETY, plus one stock we’d rather own. A company’s long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, Getty Images grew its sales at a tepid 3.5% compounded annual growth rate. This was below our standard for the business services sector. Free cash flow isn’t a prominently featured metric in company financials and earnings releases, but we think it’s telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king. As you can see below, Getty Images’s margin dropped by 12.4 percentage points over the last five years. Continued declines could signal it is in the middle of an investment cycle. Getty Images’s free cash flow margin for the trailing 12 months was 3%. ROIC, or return on invested capital, is a metric showing how much operating profit a company generates relative to the money it has raised (debt and equity). Unfortunately, Getty Images’s ROIC has decreased over the last few years. Paired with its already low returns, these declines suggest its profitable growth opportunities are few and far between. Getty Images isn’t a terrible business, but it isn’t one of our picks. After the recent drawdown, the stock trades at 6× forward EV-to-EBITDA (or $0.92 per share). Beauty is in the eye of the beholder, but our analysis shows the upside isn’t great compared to the potential downside. We’re pretty confident there are superior stocks to buy right now. We’d suggest looking at an all-weather company that owns household favorite Taco Bell. ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI is taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662%. AppLovin before it ran 753%. Nvidia before it ran 1,178%. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.

Getty Images began 2026 with a first quarter that saw modest sales growth but fell short of market expectations, prompting a negative market reaction. Management attributed the performance to persistent declines in agency-related revenue and challenges in the MicroStock segment, which were partially offset by growth in editorial content, especially around the Winter Olympics. CEO Craig Peters acknowledged ongoing “secular challenges with agencies, and across the MicroStock category,” and highlighted that recent organizational changes, including a strategic focus on high-quality exclusive content, contributed to a near-term impact on some key metrics. Is now the time to buy GETY? Find out in our full research report (it’s free). Revenue: $226.6 million vs analyst estimates of $240.7 million (1.1% year-on-year growth, 5.9% miss) Adjusted EPS: -$0.02 vs analyst estimates of $0.01 ($0.03 miss) Adjusted EBITDA: $61.59 million vs analyst estimates of $73.07 million (27.2% margin, 15.7% miss) The company reconfirmed its revenue guidance for the full year of $968 million at the midpoint EBITDA guidance for the full year is $287 million at the midpoint, in line with analyst expectations Operating Margin: 13.9%, up from 12.2% in the same quarter last year Market Capitalization: $361.4 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Ron Josey (Citi) asked about management's confidence in full-year guidance and the drivers behind shifts between Creative and Editorial revenue. CFO Jennifer Leyden explained that event-driven content and revenue recognition timing affected Q1 but anticipated normalization for the full year. Josey (Citi) also questioned the status of the pending merger and next steps given UK regulatory scrutiny. CEO Craig Peters stated the final decision is expected by June, with clarity on remedies for competition concerns in the UK editorial space. Mark Zgutowicz (Benchmark) asked about the outlook for AI licensing deals and recurring revenue potential. Peters said Q1 AI licensing was minimal but expects higher contribution in the second half as more integrations materialize. Zgutowicz (Benchmark) requested clarification on how the agency business headcount changes would affect operating expenses. Peters confirmed a small layoff in Q1 to align resources, with no redeployment elsewhere in the company. Zgutowicz (Benchmark) sought detail on subscription retention and headwinds facing iStock and Unsplash. Leyden reported 90% annual retention overall, with underlying metrics for Premium Access at 100% and Unsplash well above 90%, while iStock annuals remained around 80%. In the coming quarters, StockStory analysts will be monitoring (1) the pace of AI integration and licensing as a driver for new revenue streams, (2) improvements in subscription renewal rates and customer quality following the strategic changes in iStock and Unsplash, and (3) continued momentum from global events such as the World Cup and America’s 250th anniversary. Execution on cost normalization and capital allocation will also remain important indicators of operational discipline. Getty Images currently trades at $0.87, up from $0.81 just before the earnings. At this price, is it a buy or sell? The answer lies in our full research report (it’s free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren't just high-quality businesses. Something is happening with them right now. Elite fundamentals meeting near-term momentum - both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week's Strong Momentum stocks - FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.

It's been a mediocre week for Getty Images Holdings, Inc. (NYSE:GETY) shareholders, with the stock dropping 14% to US$0.71 in the week since its latest first-quarter results. Revenues fell 5.1% short of expectations, at US$227m. Earnings correspondingly dipped, with Getty Images Holdings reporting a statutory loss of US$0.01 per share, whereas the analysts had previously modelled a profit in this period. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Getty Images Holdings after the latest results. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Taking into account the latest results, the current consensus, from the four analysts covering Getty Images Holdings, is for revenues of US$962.2m in 2026. This implies a measurable 2.2% reduction in Getty Images Holdings' revenue over the past 12 months. Statutory losses are forecast to balloon 89% to US$0.029 per share. Before this earnings report, the analysts had been forecasting revenues of US$965.5m and earnings per share (EPS) of US$0.035 in 2026. So despite reconfirming their revenue estimates, the analysts are now forecasting a loss instead of a profit, which looks like a definite drop in sentiment following the latest results. View our latest analysis for Getty Images Holdings The consensus price target fell 11% to US$3.93per share, with the analysts clearly concerned by ballooning losses. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Getty Images Holdings, with the most bullish analyst valuing it at US$7.00 and the most bearish at US$0.85 per share. As you can see the range of estimates is wide, with the lowest valuation coming in at less than half the most bullish estimate, suggesting there are some strongly diverging views on how analysts think this business will perform. With this in mind, we wouldn't rely too heavily the consensus price target, as it is just an average and analysts clearly have some deeply divergent views on the business. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Getty Images Holdings' past performance and to peers in the same industry. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 2.9% by the end of 2026. This indicates a significant reduction from annual growth of 2.1% over the last three years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 15% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Getty Images Holdings is expected to lag the wider industry. The biggest low-light for us was that the forecasts for Getty Images Holdings dropped from profits to a loss next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Getty Images Holdings' future valuation. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Getty Images Holdings going out to 2028, and you can see them free on our platform here.. You still need to take note of risks, for example - Getty Images Holdings has 2 warning signs we think you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.