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NEW YORK - Getty Images Holdings, Inc. (NYSE:GETY) reported second quarter earnings that fell short of analyst expectations, sending shares down 4% despite a slight revenue beat.
The visual content marketplace posted adjusted earnings per share of $0.05 for the second quarter, missing analyst estimates of $0.06. Revenue came in at $234.9 million, slightly above the consensus estimate of $234.5 million and representing a 2.5% increase YoY (1.8% on a currency neutral basis). The company’s shares fell 4% following the release, as investors reacted to the earnings miss.
Annual subscription revenue grew 3.7% YoY and now accounts for 53.5% of total revenue, up from 52.9% in the same quarter last year. While Editorial revenue increased by 5.6% to $88.3 million, Creative revenue declined 5.1% to $130.8 million compared to the same period last year.
"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," said Craig Peters, Chief Executive Officer at Getty Images.
The company reported a net loss of $34.4 million for the quarter, compared to net income of $3.7 million in Q2 2024. This decline was primarily attributed to a $57.2 million increase in foreign exchange losses from revaluation of the Euro Term Loan and approximately $14.4 million in merger-related expenses.
Getty Images reaffirmed its full-year 2025 guidance, projecting revenue between $931 million and $968 million, compared to analyst consensus of $945.8 million. The company also maintained its adjusted EBITDA guidance of $277 million to $297 million.
The company continues to work toward completing its previously announced merger with Shutterstock (NYSE:SSTK), which is expected to close by the end of 2025, pending regulatory approvals.
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