GETTY IMAGES HOLDINGS INC Stock Price, News & Analysis

Getty Images Holdings (NYSE: GETY) reported its Q4 and full-year financial results for 2022. Revenue for Q4 was $231.5 million, down 3.2% year-over-year, but saw a 3.5% increase on a currency-neutral basis. The company faced a net loss of $23.3 million compared to a net income of $41.5 million in Q4 2021, impacted by a $37.7 million unrealized loss. Total revenue for 2022 was $926.2 million, reflecting a slight increase of 0.8% year-over-year. The company revealed a net loss of $77.6 million for the year, linked to warrant liabilities. Getty Images anticipates 2023 revenue guidance between $936 million to $963 million, with organic growth expected amidst ongoing foreign exchange challenges.

Getty Images Holdings, Inc. (NYSE: GETY) will release its fourth quarter and full year 2022 results on March 13, 2023, after market close. A conference call will follow at 5:00 PM ET for discussion of the results. Investors can listen live by calling 1-877-407-0792 or through their website's Investor Relations section. The audio replay will be available for two weeks post-call. Getty Images, a leading global visual content creator, serves customers worldwide with a comprehensive range of solutions, partnering with over 507,000 contributors and more than 300 content partners.

iStock announced findings from its global research program, VisualGPS, indicating that despite inflation concerns affecting 42% of people, nearly 60% express excitement about the future, driven by technological evolution. The survey highlights that 64% feel empowered by technology. Small businesses are adapting, with 76% believing most purchases will occur online. The report underscores the necessity for visual representation of digital payments and the potential of the metaverse, as 70% remain interested despite a decline in overall enthusiasm. These insights demonstrate the shifting consumer landscape.

iStock has released insights for small and mid-sized businesses to navigate the economic landscape of 2023. Research shows that 63% of consumers prioritize a better work/life balance, with key issues being climate change and inflation. Notably, 80% appreciate empathy from businesses. iStock identifies four visual marketing trends: 1) showing empathy through low-cost activities, 2) emphasizing social connections, 3) highlighting small luxuries during economic strain, and 4) focusing on emotional and physical well-being. These insights aim to guide businesses in effectively connecting with consumers.

On November 17, 2022, Getty Images (NYSE: GETY) announced a multi-year partnership with BAFTA, becoming the Official House Photography Partner. This collaboration will provide exclusive high-quality content from BAFTA’s events, including the EE BAFTA Film Awards and BAFTA Television Awards. Getty Images will capture images in real-time, often sharing them within 30 seconds. They will also represent and license all BAFTA still photography, enhancing accessibility to BAFTA's extensive archives. This partnership is set to strengthen Getty Images' position in the visual content market.

Getty Images (NYSE: GETY) and SeeHer released the 2022 Imagery Toolkit for Inclusive Visual Telling: Women, aimed at promoting accurate representations of women in advertising. This update addresses findings such as 60% of ads portray women in stereotypical roles, and highlights the intersectionality of women’s identities. The toolkit encourages marketers to depict women in diverse and nuanced roles, improving representation across racial, social, and ability backgrounds. This initiative aligns with ongoing efforts to combat gender bias and enhance brand reputations.

Getty Images (NYSE: GETY) has renewed its partnership with BBC Studios for another five years, continuing its role as the exclusive global distributor of BBC Motion Gallery's video clip sales. This collaboration highlights Getty's extensive experience, including managing the Hulton Archive and over 330 prestigious collections. With more than 21 million video assets, Getty Images aims to meet the increasing demand for quality visual content. The renewal underscores the mutual trust and commitment shared between both organizations, promising to serve diverse customer needs worldwide.

On November 15, 2022, Getty Images (NYSE: GETY) announced that CFO Jennifer Leyden and VP of Investor Relations Steven Kanner will represent the company at the 2nd Annual Needham Consumer Tech/E-Commerce Virtual Conference on November 21, 2022. They will engage in one-on-one investor meetings and a fireside chat scheduled for 10:45 AM ET. The event will be accessible via a live webcast on Getty Images’ investor relations website.

Getty Images is a leading global visual content creator, providing a comprehensive range of content solutions to customers worldwide.

Getty Images Holdings reported Q3 2022 financial results, highlighting revenue of $230.5 million, a 2.8% decline year-over-year but a 2.8% increase on a currency-neutral basis. Annual subscription revenue grew to 49.4% of total revenue. The company faced a net loss of $149.4 million, driven largely by a fair value adjustment of $161.3 million. Adjusted EBITDA was $77.7 million. Notable partnerships included agreements with BBC Studios and Microsoft. The company anticipates 2022 revenue guidance between $929 million to $953 million.