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NEW YORK - Getty Images Holdings, Inc. (NYSE:GETY) saw its stock rise 4.6% after reporting fourth-quarter earnings that beat analyst expectations, driven by strong growth in editorial revenue and annual subscriptions.
The visual content creator and marketplace posted adjusted earnings per share of $0.06 for Q4, surpassing the analyst consensus of $0.05. Revenue came in at $247.3 million, up 9.5% YoY and above estimates of $245.49 million.
Editorial revenue was a key driver, jumping 19% YoY to $90.1 million. Annual subscription revenue grew to represent 54.9% of total revenue, up from 53.8% in the same quarter last year.
"We executed and built momentum throughout the year, culminating in the strong fourth quarter financial performance," said CFO Jenn Leyden.
However, the company’s 2025 revenue guidance of $918-$955 million fell short of analyst expectations of $958.7 million.
Getty Images reported net income of $24.7 million for Q4, down from $39.1 million in Q4 2023. The results included a $45.9 million foreign exchange gain related to the company’s Euro Term Loan.
Adjusted EBITDA rose 11.7% YoY to $80.6 million, with the adjusted EBITDA margin expanding to 32.6% from 31.9% a year ago.
CEO Craig Peters noted: "As we mark our 30th anniversary, we remain focused on investing in our core assets, expanding our exclusive content, and leveraging our unique expertise to drive sustainable customer value."
For the full year 2024, Getty Images saw revenue increase 2.5% to $939.3 million, with net income rising to $39.5 million from $19.6 million in 2023.
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