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NEW YORK - Getty Images Holdings, Inc. (NYSE:GETY) reported better-than-expected third-quarter earnings on Monday, with adjusted earnings per share significantly exceeding analyst estimates despite a slight revenue miss. The company’s shares rose 1.7% following the announcement, as investors responded positively to updated full-year guidance.
The visual content marketplace reported Q3 adjusted earnings of $0.08 per share, surpassing the analyst consensus of $0.02 by $0.06. Revenue came in at $240 million, slightly below the consensus estimate of $241.3 million and down 0.2% YoY (or 2.0% on a currency neutral basis).
Annual subscription revenue continued to show strength, growing to 58.4% of total revenue compared to 52.4% in the same quarter last year. The company posted a net income margin of 9.0%, a significant improvement from the net loss margin of 1.1% in Q3 2024. Adjusted EBITDA margin remained robust at 32.8%.
"Third quarter results were in line with our expectations, with top-line growth flattening due to challenging year-over-year comparisons against last year’s robust event calendar," said Craig Peters, Chief Executive Officer at Getty Images. "We were pleased to finalize new strategic partnerships that integrate our high-quality, authentic content into emerging AI large language models and search platform experiences."
The company updated its full-year 2025 guidance, now expecting revenue between $942 million and $951 million, compared to its previous forecast of $931 million to $968 million. The midpoint of the new guidance range aligns with the analyst consensus of $942 million.
Creative revenue, which represents 60.4% of total revenue, increased 8.4% YoY to $144.9 million, while Editorial revenue declined 3.7% to $89.3 million. Other revenue dropped 58.5% to $5.8 million, reflecting timing of revenue recognition in the prior year for a 5-year creative content deal.
"Our Q3 performance reflects the resilience and adaptability of our business. We navigated the challenging year-on-year compares with strong subscription revenue growth and a return to an adjusted EBITDA margin north of 32%," said Jennifer Leyden, Chief Financial Officer.
The company also noted progress in its previously announced merger with Shutterstock, which is now expected to close in 2026 as regulatory reviews continue.
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