Getty Images beats Q2 adjusted EPS estimates
Overview
Getty Images Q2 revenue grows 2.5% yr/yr, came largely in-line with analyst expectations
Adjusted EPS for Q2 beats consensus, per LSEG data
Adjusted EBITDA missed estimates
Co reaffirms 2025 revenue and adjusted EBITDA guidance
Outlook
Getty Images reaffirms 2025 revenue guidance of $931 mln to $968 mln
Company expects adjusted EBITDA of $277 mln to $297 mln for 2025
Getty Images forecasts 2025 revenue YoY change of -0.9% to 3.1%
Company anticipates 2025 adjusted EBITDA YoY change of -7.6% to -1.2%
Result Drivers
SUBSCRIPTION GROWTH - Annual subscription revenue grew 3.7%, now accounting for 53.5% of total revenue
EDITORIAL REVENUE - Editorial revenue increased by 5.6% yr/yr, driven by strong demand
FOREIGN EXCHANGE IMPACT - Net loss impacted by $57.2 mln increase in foreign exchange loss due to Euro Term Loan revaluation
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $234.90 mln | $234.80 mln (4 Analysts) |
Q2 Adjusted EPS | Beat | $0.05 | $0.01 (3 Analysts) |
Q2 Net Income | -$34.40 mln | ||
Q2 Adjusted EBITDA | Miss | $68 mln | $71.30 mln (4 Analysts) |
Q2 Adjusted EBITDA Margin | 28.9% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Getty Images Holdings Inc is $3.50, about 51.7% above its August 8 closing price of $1.69
Press Release:
