Getty Images Holdings reported Q2 Non-GAAP EPS of $0.05, beating estimates by $0.04. Revenue of $234.9M (+2.5% Y/Y) met expectations. The company reaffirmed its full-year 2025 guidance, with revenue projected to be between $931M and $968M (-0.9% to 3.1% YoY), and adjusted EBITDA between $277M and $297M (-7.6% to -1.2% YoY).
Getty Images Holdings, Inc. (NYSE: GETY) reported its financial results for the second quarter ended June 30, 2025, with revenue of $234.9 million, a 2.5% year-over-year (YoY) increase and a 1.8% currency-neutral growth [1]. The company's non-GAAP earnings per share (EPS) for the quarter was $0.05, beating analyst estimates by $0.04. Getty Images reaffirmed its full-year 2025 guidance, projecting revenue between $931 million and $968 million (-0.9% to 3.1% YoY) and adjusted EBITDA between $277 million and $297 million (-7.6% to -1.2% YoY) [1].
The company's Chief Executive Officer, Craig Peters, commented on the performance, stating, "We delivered solid growth in the second quarter, driven by continued momentum in our subscription business and strong demand for our content and services with acceleration across Corporate, and a return to growth in Media" [1]. The Chief Financial Officer, Jennifer Leyden, added, "We executed well, delivering our fifth consecutive quarter of revenue growth with healthy operating metrics" [1].
Getty Images reported a net loss of $34.4 million for the quarter, compared to a net income of $3.7 million in the same period last year. The net loss margin was 14.6%, compared to a net income margin of 1.6% in the prior year. On a non-GAAP basis, adjusted net income was $22.2 million, and adjusted EBITDA was $68.0 million, down 1.2% YoY and 2.2% on a currency-neutral basis [1].
The company's annual subscription revenue as a percentage of total revenue grew to 53.5%, up from 52.9% in Q2 2024. The company also reported a decrease in cash provided by operating activities to $6.5 million from $46.4 million in the prior year, primarily due to merger-related costs [1].
Getty Images completed a permitted voluntary loan to bond exchange for its $580.0 million of USD fixed rate loans, exchanging $539.9 million of loans into new fixed rate notes with the same maturity and 11.25% rate as the USD fixed rate loans [1]. The company's total debt was $1.39 billion, including $539.9 million in Senior Secured Notes, a Term Loan balance of $550.3 million, and $300.0 million in senior unsecured notes [1].
Getty Images continues to work cooperatively with the U.S. Department of Justice and the UK Competition and Markets Authority to obtain regulatory clearance for its proposed merger with Shutterstock, with both parties expecting the transaction to close by the end of 2025 [1].
References:
[1] https://newsroom.gettyimages.com/en/getty-images/getty-images-reports-second-quarter-2025-results
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