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Mar 31, 2025
Getty Images Q1 2025 Earnings Report
Getty Images posted a net loss in Q1 2025, driven by FX impacts, merger-related costs, and tax expense spikes.
Key Takeaways
Despite modest revenue growth and gains in subscription revenue share, Getty Images reported a significant net loss of $102.6M in Q1 2025, impacted by foreign exchange losses, merger costs, and tax-related charges.
Revenue rose 0.8% YoY to $224.1M, supported by growth in editorial and subscription revenues.
Net loss of $102.6M, driven by FX losses, tax expenses, and merger-related costs.
Annual subscriptions accounted for 57.2% of total revenue, up from 54.7% a year ago.
Adjusted EBITDA held steady at $70.1M with a 31.3% margin.
Revenue by Segment
Forward Guidance
Getty reaffirmed its currency-neutral outlook for 2025, maintaining expectations for modest revenue growth and improved operating leverage, while absorbing FX and SOX compliance costs.
Positive Outlook
- Revenue guidance for FY2025 raised to $931M–$968M.
- Subscription business momentum continues to build.
- Adjusted EBITDA margin remained healthy at 31.3%.
- Signed new exclusive deals with MLS, WWE, and UEFA.
- Image and video libraries expanded significantly YoY.
Challenges Ahead
- Significant FX losses impacted net income.
- Q1 net loss margin deteriorated to -45.8%.
- Free cash flow turned slightly negative at -$0.3M.
- $18M in merger-related costs affected operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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