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Getty Images Holdings, Inc. (NYSE: GETY) is a global leader in visual content creation and distribution. The company provides comprehensive visual content solutions through its brands Getty Images, iStock, and Unsplash. With a mission to enhance engagement through top-tier creative and editorial visual content, Getty Images serves customers in nearly every country across the globe.
Founded on nearly three decades of visual consultancy, Getty Images has evolved to integrate cutting-edge technology, including artificial intelligence and machine learning, into its platform. This advancement enhances their search functionality, image editing, and integrated APIs, making them the go-to source for diverse and inclusive content.
The company operates in various regions including the Americas, Europe, the Middle East, Africa, and Asia-Pacific, with the bulk of its revenue generated from the Americas. They cover more than 160,000 news, sports, and entertainment events yearly, providing unmatched breadth and depth of coverage.
Getty Images recently announced a multi-year partnership with the United Football League (UFL) to deliver exclusive high-quality imagery from every game. They are also the official photographer or photographic partner to 125 of the world's leading sports governing bodies, leagues, and clubs, including FIFA, NBA, and the International Olympic Committee.
Moreover, Getty Images continues to innovate in capturing major global events. For instance, they will deploy a team of 140 photographers and editors to cover the Olympic Games Paris 2024, using new technologies to capture unique angles and real-time images for a global audience.
Their commitment to authenticity extends to the adoption of generative AI technologies, allowing customers to create commercially safe visuals. With over 557,000 contributors and 320 content partners, Getty Images maintains one of the largest privately-owned photographic archives, providing a rich historical context for modern visual storytelling.
In recent financial developments, Getty Images has shown resilience and adaptability, focusing on key performance indicators to drive shareholder return and customer satisfaction.
Getty Images (NYSE: GETY), a global visual content creator and marketplace, has scheduled the release of its fourth quarter and full year 2024 financial results for March 17, 2025, after market close. The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the results.
Investors can access the conference call via phone (1-800-579-2543 for domestic, 1-785-424-1789 for international callers) using conference ID GETTYQ4. An audio replay will be available for two weeks, accessible at 1-844-512-2921 (domestic) or 1-412-317-6671 (international) with passcode 11158384. A simultaneous webcast will be available on the company's Investor Relations website.
Getty Images Holdings (NYSE: GETY) has announced the completion of a comprehensive refinancing of approximately $1.042 billion in existing term loans. The refinancing includes a new $580 million 5-year U.S. dollar term facility and a €440 million 5-year euro term facility through a syndicate of lenders led by JP Morgan Chase Bank.
The proceeds will be used to fully repay existing term loans that were set to mature in February 2026. The company's $300 million senior unsecured notes due March 2027 remain outstanding. This refinancing initiative aims to enhance Getty Images' liquidity and provide financial flexibility for capitalizing on emerging opportunities and maximizing shareholder returns.
Getty Images, in partnership with Verizon and the National Disability Leadership Alliance (NDLA), has announced a $20,000 creative grant aimed at improving disability representation in workplace settings. The grant will be distributed among three recipients: $10,000, $7,000, and $3,000.
The initiative responds to research showing that while 2 out of 3 Americans believe diverse representation has positive impacts, 75% of current visuals show people with disabilities primarily in healthcare settings rather than professional environments. The grant builds upon The Disability Collection, a 2018 partnership that has grown to include over 12,000 curated images and videos.
Applications are open globally until March 7th, 2025, with winners to be announced the week of April 28th, 2025. Recipients will receive 100% royalty rates for project-related content on GettyImages.com, mentorship from Getty Images' Art Directors, and promotional opportunities. The program particularly encourages applications from photographers and videographers with disabilities.
Getty Images (NYSE: GETY) and Shutterstock (NYSE: SSTK) have announced a merger of equals, creating a premier visual content company with an enterprise value of approximately $3.7 billion. The combined entity will operate as Getty Images Holdings and trade under 'GETY' on NYSE.
The merger is expected to generate annual cost synergies between $150-200 million by year three, with two-thirds achievable within 12-24 months. The combined company projects 2024 pro forma revenue of $1.979-1.993 billion, including 46% subscription revenue.
Under the agreement, Shutterstock stockholders can choose between $28.84870 in cash per share, 13.67237 Getty Images shares per share, or a mixed consideration of 9.17 shares plus $9.50 in cash per share. Post-merger, Getty Images stockholders will own 54.7% and Shutterstock stockholders 45.3% of the combined company. Getty Images CEO Craig Peters will lead the merged company.
iStock has released its 2025 Marketing Trends Report, highlighting strategies for businesses in a trust-driven marketplace. Key findings show that 81% of consumers distrust social media content, while 64% trust businesses over celebrities or influencers. The report identifies three major trends:
1. Real-User Content (RUC) is replacing traditional influencer marketing, with 67% of people finding traditional ads more authentic than sponsored influencer posts.
2. Radical honesty is becoming crucial, with 98% of consumers valuing authentic images and videos for building trust.
3. Trust-centric AI usage is growing, with 86% of consumers supporting AI-generated content when properly labeled and 74% accepting it when used ethically.
Getty Images (NYSE: GETY) and Clarifai have announced a strategic partnership to integrate Getty's generative AI capabilities into Clarifai's platform. The collaboration will provide Clarifai's enterprise customers with access to AI-generated visuals through Getty Images' API, ensuring legally protected and commercially safe content.
The service is powered by NVIDIA AI and Edify, trained exclusively on Getty Images' creative library. Customers can generate custom visual content tailored to specific requirements, with initial trial operations available for free and volume-based discounts. The integration can be utilized within Clarifai's broader AI-powered workflow for computer vision, classification, and automation solutions.
Getty Images (NYSE: GETY) has released its 2024 Year In Review, showcasing the year's most significant visual moments through a comprehensive collection of images and videos. The company's editorial team covered over 160,000 events worldwide, including global elections, the Paris Olympics, climate disasters, and major cultural events.
The review highlights Getty Images' role in documenting important moments while addressing the growing importance of authentic visual content in an era of AI advancement. Their VisualGPS research reveals that 90% of people globally seek trustworthy visuals, though 62% struggle to distinguish between real and artificial content.
Getty Images (NYSE: GETY) has announced a strategic content integration with TikTok, enabling advertisers to access Getty's premium creative content library through TikTok's AI-powered Symphony Creative Studio. This integration allows businesses to create TikTok-first ads and organic content more efficiently, leveraging Getty's extensive collection of images and videos. The collaboration is part of TikTok's broader expansion of tools to support advertisers and content creators, making the creative production process more streamlined while ensuring commercially safe content globally.
Getty Images (NYSE: GETY) has enhanced its generative AI tools with new features focused on product placement and reference image capabilities. The update, available on both Generative AI by Getty Images and iStock platforms, enables businesses to create customized product imagery more efficiently. Users can now upload proprietary product images and generate custom backgrounds with realistic lighting and shadows. The new reference image feature allows control over color palettes and compositions to maintain brand consistency. These tools aim to streamline content creation workflows while ensuring commercial safety and professional quality.
Getty Images (NYSE: GETY) reported Q3 2024 results with revenue of $240.5 million, up 4.9% year-over-year (5.4% currency neutral). The company posted a net loss of $2.5 million, compared to an $18.4 million loss in Q3'23. Adjusted EBITDA reached $80.6 million with a 33.5% margin.
Key highlights include nearly 50% growth in annual subscribers, with subscriber revenue representing 52.4% of total revenue. The company demonstrated growth across Getty Images, iStock, and Unsplash+ platforms, as well as all customer categories. Based on strong performance, management raised both Revenue and Adjusted EBITDA guidance for 2024.
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