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NEW YORK - Getty Images (NYSE: GETY), a leading provider of visual content and marketplace with annual revenues of $939 million and a robust 73% gross profit margin, has entered into a partnership with World Wrestling Entertainment (WWE), a subsidiary of TKO Group Holdings (NYSE: TKO), to become the Exclusive Worldwide Photographic Licensing Partner for WWE. This alliance will enable Getty Images to distribute and license a wide array of WWE-owned photographs for both editorial and commercial use through its platform. According to InvestingPro analysis, Getty Images appears undervalued at its current trading price of $1.35.
The collaboration will encompass imagery from WWE’s flagship programs including Monday Night Raw, NXT, and Friday Night SmackDown, as well as from marquee Premium Live Events like WrestleMania and SummerSlam. In addition, Getty Images will offer access to a trove of never-before-seen photos and archival content from WWE’s history dating back to 1980. With Getty Images showing positive momentum in its operations and analysts forecasting EPS of $0.33 for FY2025, this partnership could further strengthen the company’s market position. InvestingPro subscribers can access 13 additional key insights about Getty Images’ growth potential and financial health.
Getty Images Vice President of Global Sport, Michael Heiman, expressed enthusiasm for the partnership, citing the company’s three-decade history of capturing the essence of sports and entertainment. Heiman highlighted the value this partnership brings in offering customers convenient access to premium WWE content.
WWE Executive Vice President of Creative Services & Photography, Julie Sbuttoni, emphasized the commitment of WWE to deliver high-quality visual content consistently throughout the year. She noted that Getty Images, with its extensive experience and existing partnerships with major sports leagues and governing bodies, is well-suited to ensure the efficient distribution of WWE content to its global fanbase.
The new partnership aligns with Getty Images’ established role as a photographic collaborator for over 125 sporting organizations worldwide, covering more than 50,000 sports events annually. This list includes prestigious groups such as FIFA, the International Olympic Committee, and the NBA, among others.
The announcement of this partnership is based on a press release statement and marks a significant development for both Getty Images and WWE as they aim to enhance the reach and impact of WWE’s visual content across the globe. With an EBITDA of $263.6 million in the last twelve months and a market capitalization of $557 million, Getty Images demonstrates solid fundamentals. Discover comprehensive analysis and detailed metrics in the Getty Images Pro Research Report, available exclusively on InvestingPro.
In other recent news, Getty Images Holdings, Inc. has received a Second Request for additional information from the U.S. Department of Justice regarding its proposed merger with Shutterstock, Inc. This request extends the waiting period for the merger, which is expected to be finalized in the second half of 2025, pending regulatory and shareholder approvals. Meanwhile, Getty Images has secured a multi-year partnership with Major League Soccer to become the league’s Official Photography Partner, enhancing its role in the sports industry. In analyst updates, JMP analysts maintained a Market Outperform rating with a $34 price target for Getty Images, citing robust earnings growth and revenue diversification. Conversely, Citi analysts resumed coverage with a Neutral rating and a $2.45 price target, noting challenges in near-term revenue but potential benefits from the upcoming merger. Benchmark analysts adjusted their outlook by reducing the price target from $6.00 to $4.50 while maintaining a Buy rating, following a fourth-quarter revenue performance that exceeded projections. This adjustment reflects a cautious stance due to foreign exchange headwinds and macroeconomic challenges. These developments highlight the diverse factors influencing Getty Images’ current and future financial landscape.
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