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Getty Images Holdings, Inc. - GETY STOCK NEWS

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) 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.

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Getty Images reports preliminary financial results for Q2 2023. Revenue declined 3.3% YoY to $225.7 million. Net loss of $4.3 million compared to net income of $38.7 million in Q2 2022. Adjusted EBITDA of $66.5 million, down 10.3% YoY. Ending cash balance of $121.3 million. The company made a voluntary repayment of $20.0 million on the USD term loan. Full year 2023 revenue guidance updated to $920 million to $935 million.
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Global news and publishing organizations sign open letter for responsible growth of generative AI models. Signatories include Agence France-Presse, European Pressphoto Agency, Gannett, Getty Images, News Media Alliance, The Associated Press, and The Authors Guild. The letter outlines regulatory and industry actions to drive responsible AI practices, including the protection of intellectual property, limiting bias and misinformation, and enabling media companies to negotiate with AI model operators.
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Getty Images Holdings, Inc. plans to release its second quarter 2023 results on August 14, 2023, followed by a conference call to discuss the results. The conference call can be accessed live over the phone or through a webcast.
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U.S. Soccer has announced a new multi-year joint partnership with Getty Images and International Sports Images (ISI). The partnership will provide U.S. Soccer with expanded service and photography excellence in coverage. Getty Images and ISI will work closely with U.S. Soccer to cover matches, programming, and events, with exclusive distribution through gettyimages.com. The partnership aims to enhance coverage, content creation, and storytelling while leveraging Getty Images' global reach and platforms.
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FAQ

What is the current stock price of Getty Images Holdings (GETY)?

The current stock price of Getty Images Holdings (GETY) is $2.28 as of December 20, 2024.

What is the market cap of Getty Images Holdings (GETY)?

The market cap of Getty Images Holdings (GETY) is approximately 949.6M.

What does Getty Images Holdings, Inc. do?

Getty Images Holdings, Inc. provides comprehensive visual content solutions through its brands Getty Images, iStock, and Unsplash, serving customers globally.

Where does Getty Images generate most of its revenue?

The majority of Getty Images' revenue is generated from the Americas.

What recent partnerships has Getty Images announced?

Getty Images has recently partnered with the United Football League and renewed its partnership with Condé Nast for content representation and licensing.

How is Getty Images incorporating technology into its services?

Getty Images integrates AI and machine learning into its platform for enhanced search functionality, image editing, and API integration.

What significant events does Getty Images cover?

Getty Images covers over 160,000 news, sports, and entertainment events annually, including the Olympic Games and major sports leagues.

How does Getty Images ensure the authenticity of its content?

Getty Images focuses on authenticity through the adoption of generative AI technologies trained on permissioned content, providing commercially safe visuals.

What is Getty Images' role in the sports industry?

Getty Images is the official photographer or photographic partner to 125 leading sports governing bodies, leagues, and clubs, covering over 50,000 sports events a year.

What kind of content does Getty Images offer?

Getty Images offers a wide range of visual content including news, sports, entertainment, and historical archives through its comprehensive creative library.

How does Getty Images support creativity and innovation?

Getty Images supports creativity through its Custom Content solutions and by using AI technologies to help customers ideate and create compelling visuals.

What are some key financial highlights of Getty Images?

Getty Images focuses on key performance indicators to drive shareholder return and customer satisfaction, showing resilience and adaptability in recent financial developments.

Getty Images Holdings, Inc.

NYSE:GETY

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GETY Stock Data

949.58M
101.17M
71.96%
27.38%
1.57%
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