Getty Images Holdings Inc
GETY
ISIN US3742751056 / Valor 120200027
Getty Images Holdings Inc
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About company
Getty Images Holdings Inc is a leading global visual content creator and marketplace that provides a wide range of content solutions to customers worldwide. With brands like Getty Images, iStock, and Unsplash, the company offers a platform for discovering, purchasing, and sharing visual content from top photographers and videographers. Getty Images collaborates with a vast network of contributors and content partners to deliver a comprehensive library of images, covering news, sports, entertainment, and more. The company's extensive photographic archives, combined with its creative library and Custom Content solutions, help customers enhance their creative projects and find the perfect visual content for any purpose. Additionally, Getty Images leverages generative AI technologies to offer innovative tools for creating safe and compelling visuals, further enhancing its ability to meet the diverse needs of its customers.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (23.05.2024):
Revenue Overview
In the first quarter of 2024, Getty Images Holdings Inc reported a revenue of $222.3 million, marking a decrease of 5.7% compared to the same period last year. This decline was consistent on both a reported and currency-neutral basis.
Net Income Growth
Getty Images Holdings Inc experienced a significant increase in net income for Q1 2024, posting $13.6 million compared to $3.2 million in Q1 2023. This improvement was largely due to a $16.4 million unrealized gain related to the change in fair value of the company’s euro term loan.
Adjusted EBITDA
The company's Adjusted EBITDA for the first quarter was $70.2 million, a decrease of 7.9% year-over-year. Despite the drop, the Adjusted EBITDA Margin remained robust at 31.6%, demonstrating strong profitability metrics.
Liquidity and Cash Flow
Getty Images Holdings Inc reported a net cash provided by operating activities of $21.5 million in Q1 2024, down from $31.9 million in the previous year. The company ended the quarter with a cash balance of $134.2 million and maintained substantial liquidity with $284.2 million available, including undrawn revolver facilities.
Full Year 2024 Financial Outlook
For the full year 2024, Getty Images Holdings Inc expects to achieve revenues between $928 million and $947 million, representing a growth rate of 1.3% to 3.3% year-over-year. The company anticipates an Adjusted EBITDA of approximately $298 million, reflecting a slight decline from the previous year on both reported and currency-neutral bases.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2400 M
Market cap (USD)
80,206
Daily traded volume (Shares)
2.24 / 2.17
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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EPS (USD)
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Ratings & reviews
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