Overview

• Getty Images Q2 revenue grows 2.5% yr/yr, came largely in-line with analyst expectations

• Adjusted EPS for Q2 beats consensus, per LSEG data

• Adjusted EBITDA missed estimates

• Co reaffirms 2025 revenue and adjusted EBITDA guidance

Outlook

• Getty Images reaffirms 2025 revenue guidance of $931 mln to $968 mln

• Company expects adjusted EBITDA of $277 mln to $297 mln for 2025

• Getty Images forecasts 2025 revenue YoY change of -0.9% to 3.1%

• Company anticipates 2025 adjusted EBITDA YoY change of -7.6% to -1.2%

Result Drivers

• SUBSCRIPTION GROWTH - Annual subscription revenue grew 3.7%, now accounting for 53.5% of total revenue

• EDITORIAL REVENUE - Editorial revenue increased by 5.6% yr/yr, driven by strong demand

• FOREIGN EXCHANGE IMPACT - Net loss impacted by $57.2 mln increase in foreign exchange loss due to Euro Term Loan revaluation

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy"

• Wall Street's median 12-month price target for Getty Images Holdings Inc is $3.50, about 51.7% above its August 8 closing price of $1.69

Press Release: ID:nGNX35DcCD

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)