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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 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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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