Welcome to our dedicated page for GETTY IMAGES HOLDINGS news (Ticker: GETY), a resource for investors and traders seeking the latest updates and insights on GETTY IMAGES HOLDINGS stock.
Getty Images Holdings, Inc. (NYSE: GETY) regularly issues news and press releases that highlight its activities as a global visual content creator and marketplace. This news page aggregates coverage related to Getty Images, including announcements about partnerships, event coverage, financial results, and developments in visual content and AI.
Recent company news has featured renewals of long-standing partnerships, such as Getty Images’ role as Official Provider of Photography Services for the Sundance Film Festival and its multi-year agreement with Formula 1® as Official Photographic Agency. Other updates describe Getty Images’ work as Official Photographic Agency of the International Olympic Committee for the Milano Cortina 2026 Olympic Winter Games, where the company plans extensive photographic coverage of ceremonies and competitions.
Getty Images’ news also covers product and platform launches. For example, the company has announced Access by Getty Images, developed with Greenfly, which provides talent and industry professionals with real-time access to licensed entertainment imagery for personal social media use. Another notable announcement is the collaboration with Nfinite.ai to transform selected 2D imagery from Getty Images’ creative library into high-fidelity 3D datasets for training spatially aware AI systems.
Investors and observers can also find earnings-related updates, such as quarterly results, subscription metrics, and information on financing transactions and the proposed merger with Shutterstock, Inc. Together, these news items provide insight into how Getty Images manages its content library, technology initiatives, event partnerships, and capital structure. This page offers a centralized view of the company’s latest announcements and corporate developments.
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.
iStock's VisualGPS research indicates that financial wellness has become a top consumer priority in the post-pandemic landscape, with 50% of respondents experiencing financial anxiety. As the cost-of-living crisis looms large, 67% believe expenses will outstrip income. The study suggests small and medium-sized businesses (SMBs) focus on celebrating small moments and showing empathy in their marketing strategies to engage customers. With over 60% prioritizing financial literacy, businesses are encouraged to demystify financial services in their visual content to build trust and support clients facing financial stress.
On October 25, 2022, BRIA announced a strategic partnership with Getty Images (GETY). This collaboration aims to integrate advanced Generative AI tools on Getty's platform, allowing users to tailor images for various projects. BRIA emphasizes the commitment to ethical AI usage, focusing on copyright respect and bias mitigation. The partnership reflects Getty Images' long-standing innovation in supporting creative professionals, enhancing efficiency while ensuring responsible content creation. Both companies aim to democratize creativity through AI-driven features.
Getty Images Holdings, Inc. (NYSE: GETY) has announced its intention to release third-quarter results on November 14, 2022, after market close. A conference call will follow at 5:00 p.m. ET to discuss these results. Investors can access the call via phone, with details provided for both domestic and international callers, or listen to a live webcast on the company’s Investor Relations website. Getty Images serves over 1 million customers globally, featuring a vast archive and engagement with more than 496,000 contributors.
On October 10, 2022, iStock released research revealing shifting workplace attitudes among Gen Z and Millennials. The study highlights that 41% of these younger workers prioritize work/life balance over job security, with 54% redefining success to encompass their overall well-being. The findings indicate a generational divide in expectations at work, with younger adults favoring clear job roles versus older generations emphasizing going above and beyond. iStock encourages businesses to adopt policies promoting mental health, recognize diverse well-being needs, and balance technology use for better connections.
Unsplash, a leading free image platform, launched Unsplash+, an unlimited subscription service offering exclusive access to a high-quality image library with enhanced legal protections for commercial use. This new service, priced at $7 per month, complements the existing library of 4.2 million images and aims to meet the needs of creators requiring specific content. Subscribers will benefit from model and location release guarantees, allowing for secure commercial use. The platform will continue to commission unique imagery regularly from its contributor community to enhance value.