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Jun 30
Getty Images Q2 2025 Earnings Report
Getty Images reported solid growth in the second quarter of 2025, driven by continued momentum in its subscription business and strong demand for content and services.
Key Takeaways
Getty Images delivered its fifth consecutive quarter of revenue growth, with total revenue reaching $234.9 million, an increase of 2.5% year-over-year. The company reported a net loss of $34.4 million, primarily due to a significant foreign exchange loss and merger-related expenses. Despite the net loss, adjusted net income saw a substantial increase to $22.2 million. The company reaffirmed its full-year 2025 revenue and Adjusted EBITDA guidance.
Total revenue increased by 2.5% year-over-year to $234.9 million, marking the fifth consecutive quarter of revenue growth.
The company reported a net loss of $34.4 million, primarily impacted by a $57.2 million increase in foreign exchange loss and $14.4 million in merger-related expenses.
Adjusted Net Income significantly improved to $22.2 million, up from $7.1 million in the prior year, indicating stronger underlying operational performance.
Annual Subscription Revenue grew to 53.5% of total revenue, up from 52.9% in Q2 2024, highlighting the continued strength in the subscription business.
Getty Images
Getty Images
Getty Images Revenue by Segment
Revenue by Segment
Creative Revenue
CapyFin.comEditorial Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Getty Images reaffirmed its full-year 2025 guidance for both revenue and Adjusted EBITDA, expecting continued growth despite some one-off increases in SG&A related to SOX compliance efforts and anticipated merger activities.
Positive Outlook
- Reaffirmed full-year 2025 revenue guidance of $931 million to $968 million.
- Reaffirmed full-year 2025 Adjusted EBITDA guidance of $277 million to $297 million.
- Anticipates continued momentum into the second half of the year.
- The proposed merger with Shutterstock is expected to close by the end of 2025, potentially creating a premier visual content company.
- The company has $150.0 million available through its Revolver, providing total available liquidity of $260.3 million.
Challenges Ahead
- Revenue YoY growth is projected to be between -0.9% and 3.1%, indicating potential for slight decline.
- Adjusted EBITDA YoY growth is projected to be between -7.6% and -1.2%, indicating a potential decrease.
- Guidance includes approximately $8.0 million of one-off increases in SG&A, with $5.5 million expected in the second half of the year.
- The company is accelerating SOX compliance efforts, which may shift resources and focus.
- The proposed merger with Shutterstock is subject to regulatory clearance from the U.S. Department of Justice and the UK Competition and Markets Authority, which could delay or prevent the transaction.