NYSE$GETY
Getty Images Holdings Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Getty Images reported a decrease in revenue and adjusted EBITDA for the first quarter of 2024, while net income increased significantly due to an unrealized gain.
Getty Images reported a revenue of $222.3 million for the first quarter of 2024, a 5.7% decrease year-over-year. Net income increased to $13.6 million from $3.2 million in Q1 2023, primarily due to an unrealized gain on its euro term loan. Adjusted EBITDA was $70.2 million, down 7.9% year-over-year.
- Active Annual Subscribers grew by 79% to 262,000.
- Annual Subscription Revenue increased to 55.4% of total revenue, up from 50.7% in Q1'23.
- Net Income significantly increased to $13.6 million from $3.2 million in Q1'23, driven by an unrealized gain on the euro term loan.
- Adjusted EBITDA decreased by 7.9% year-over-year to $70.2 million, with Adjusted EBITDA Margin remaining strong at 31.6%.
Headline financials
Revenue & EPS history
Getty Images · Revenue · Quarterly
$222M
Forward guidance
Getty Images reaffirms its fiscal year 2024 guidance, expecting revenue between $928 million and $947 million, and Adjusted EBITDA around $298 million.
Tailwinds
- Reaffirms outlook with expected return to topline growth in 2024.
- Anticipates revenue growth of 1.3% to 3.3% year-over-year.
- Anticipates currency-neutral revenue growth of 1.0% to 3.0% year-over-year.
- Strategic partnership with NVIDIA continues to expand generative AI offerings.
- Recent acquisition of Motorsport Images augments existing offerings and deep partner relationships.
Headwinds
- Adjusted EBITDA is expected to decrease by approximately 1.2% to 1.5% year-over-year.
- Guidance has not been updated to reflect recent volatility in foreign currency exchange rates.
- The company will continue to monitor FX markets and update guidance when it has better visibility.
- Anticipated early headwinds in 2024, though the company expects them to turn to tailwinds.
- The company is unable to provide a quantitative reconciliation of non-GAAP measures to GAAP due to variability and difficulty in forecasting.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 11 quarterly earnings reports · overlaid with Q1 2024
+0.1%
Avg return
Earnings day
-1.7%
Avg return
5 days after
+2.7%
Avg return
30 days after
25%
3 / 12 earnings
Positive
+12.1%
Q4 2025
Best reaction
-10.0%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.0% | +1.5% | — | |
| Q4 2025 | +12.1% | +5.9% | +23.7% | |
| Q3 2025 | -1.2% | -13.4% | -11.0% | |
| Q1 2025 | -10.0% | -10.4% | -6.5% | |
| Q3 2024 | -1.8% | -4.9% | +4.1% | |
| Q2 2024 | +0.0% | -0.9% | +15.0% | |
| Q1 2024 | +0.0% | -2.9% | -11.3% | |
| Q4 2023 | +0.0% | -1.9% | -15.8% | |
| Q3 2023 | +7.7% | +11.3% | +20.5% | |
| Q3 2021 | +0.0% | -12.3% | -35.0% | |
| Q2 2023 | +0.3% | +11.0% | +52.8% | |
| Q1 2023 | -1.1% | -4.0% | -6.5% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro