NYSE$GETY
Getty Images Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Getty Images reported a return to growth in the second quarter of 2024, driven by increased annual subscribers and paid downloads, with revenue reaching $229.1 million.
Getty Images reported a return to growth in the second quarter of 2024, with revenue increasing by 1.5% year-over-year to $229.1 million. Net income was $3.7 million, a significant improvement from a net loss of $4.3 million in the prior year period. Adjusted EBITDA was $68.8 million, down 5.4% year-over-year.
- Revenue increased by 1.5% year-over-year to $229.1 million, and 2.1% on a currency neutral basis.
- Net income improved significantly to $3.7 million from a net loss of $4.3 million in Q2 2023.
- Annual Subscription Revenue grew 5.2%, representing 52.9% of total revenue.
- Adjusted EBITDA was $68.8 million, down 5.4% year-over-year, with a healthy margin of 30.0%.
Headline financials
Revenue & EPS history
Getty Images · Revenue · Quarterly
$229M
Forward guidance
Getty Images updated its fiscal year 2024 guidance to reflect the impact of foreign currency exchange rates and incremental integration-related expenses, while maintaining strong operating efficiency.
Tailwinds
- Revenue guidance of $924 million to $943 million, representing 0.9% to 2.9% year-over-year growth.
- Currency neutral revenue growth guidance of 1.0% to 3.0%.
- Adjusted EBITDA guidance of $290 million to $294 million.
- Adjusted EBITDA margins expected to be above 31%.
- Confidence in returning to full-year topline growth in 2024.
Headwinds
- Updated revenue guidance is slightly lower than prior guidance of $928 million to $947 million.
- Updated Adjusted EBITDA guidance is lower than prior guidance of ~$298 million.
- Adjusted EBITDA YoY growth is projected to be negative, ranging from (3.8)% to (2.5)%.
- Impact of foreign currency exchange rates on both Revenue and Adjusted EBITDA.
- Incremental integration related expenses that are more one-time in nature and higher than estimated employee health insurance costs.
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 Q2 2024
+0.1%
Avg return
Earnings day
-1.7%
Avg return
5 days after
+1.3%
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% | -14.8% | |
| 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% |
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