Getty Images Sees Q4 Revenue In Line With Expectations, Narrows FY24 Revenue Outlook

MT Newswires Live
05 Feb

Getty Images (GETY) said Tuesday that it expects Q4 revenue in the range of $244 million to $250 million, compared with $225.9 million a year earlier.

Analysts polled by FactSet expect $245.5 million.

The company projects its preliminary revenue for the year ended Dec. 31 to be between $936 million and $942 million, narrowed from a prior outlook of $934 million to $943 million.

Analysts surveyed by FactSet expect $937.5 million.

The supplier of stock images also said it expects fiscal year 2024 adjusted EBITDA to be at or above the high-end of a previously provided guidance range. The company previously said it expected adjusted EBITDA of $292 million to $294 million.

Shares of the company were up 1.4% in recent trading.

Price: 2.56, Change: +0.04, Percent Change: +1.39

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