Getty Images Holdings (GETY) AI Stock Analysis

• Market Cap: $738.50M
• Dividend Yield: N/A
• Average Volume (3M): 1.17M
• Price to Earnings (P/E): 18.8
• Beta (1Y): 0.87
• Revenue Growth: 2.48%
• EPS Growth: 103.37%
• Country: US
• Employees: 1,700
• Sector: Communication Services
• Sector Strength: 75
• Industry: Internet Content & Information
• EPS (TTM): 0.10
• Shares Outstanding: 412,567,840
• 10 Day Avg. Volume: 1,634,548
• 30 Day Avg. Volume: 1,167,959
• PEG Ratio: 0.18
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.96
• Price to Cash Flow (P/CF): 5.70
• P/FCF Ratio: 9.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $10.48
• Price Target Upside: 485.47% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

Getty Images Holdings has shown strong financial performance with consistent revenue growth and improved profitability. The stock is currently facing some technical challenges but is benefiting from strategic corporate events such as refinancing and a merger with Shutterstock. While valuation is reasonable, the absence of a dividend yield may deter some investors. Overall, the stock presents a balanced opportunity with potential for growth due to strategic initiatives.

Positive Factors

Merger Benefits

Getty's proposed merger with Shutterstock is seen as positive due to the potential for increased subscriptions and significant annualized cost synergies.

Regulatory Approval

The Getty-Shutterstock merger is expected to clear regulatory hurdles and close, providing a greater opportunity to cross-sell higher value Getty content to a broader Shutterstock customer base.

Revenue Performance

GETY's 4Q revenue beat expectations by +1%, attributable to outperformance within 'Other' reflecting data licensing revenue incrementality.

Negative Factors

Market Leverage

Getty's lack of exercising price leverage indicates it has little leverage in the market.

Revenue Challenges

Agency revenue reverted to year-over-year declines in 4Q with stabilization factored into '25E guidance.

Revenue Decline

Creative and Editorial revenue was lower than expected, missing expectations by -3%/-4%, respectively.

Getty Images Holdings Business Overview & Revenue Model

Company Description

Getty Images Holdings (GETY) is a leading global visual content company, specializing in the creation and distribution of high-quality stock photos, videos, music, and editorial content. The company serves a diverse range of industries including media, advertising, and corporate sectors, providing creative professionals and businesses with access to a vast library of digital assets through its robust online platforms. Getty Images is known for its extensive and curated collections that cater to the visual storytelling needs of its clients worldwide.

How the Company Makes Money

Getty Images generates revenue primarily through licensing fees for its visual content. Clients, ranging from individuals to large corporations, pay to license images, videos, and music for various uses such as advertising, marketing, and editorial purposes. The company offers both rights-managed and royalty-free licensing options, allowing customers to choose the best fit for their specific needs. Additionally, Getty Images has developed strategic partnerships with major content creators and distributors to expand its library and enhance its offerings. Subscription services also contribute to the company's revenue, providing clients with access to a set number of downloads for a recurring fee. Furthermore, Getty Images capitalizes on exclusive content agreements and collaborations with renowned photographers and media organizations, ensuring a unique and diverse portfolio that attracts and retains a broad customer base.

Getty Images Holdings Financial Statement Overview

Summary

Getty Images Holdings displayed commendable financial performance with robust revenue growth and improved profitability. The company reduced its leverage, enhancing its financial stability. Cash flow generation also strengthened, although cash profitability remains an area for improvement. Overall, the financial statements indicate a positive trajectory with ongoing potential for growth.

Income Statement

Getty Images Holdings demonstrated a robust gross profit margin of 73.06% in 2024, supported by consistent revenue growth compared to 2023. The net profit margin improved significantly from 2.11% in 2023 to 14.32% in 2024, indicating enhanced profitability. However, the EBIT and EBITDA margins, while healthy, showed no substantial improvement over the previous year.

Balance Sheet

The balance sheet reflects a strong equity position with an equity ratio of 26.14% in 2024. The debt-to-equity ratio improved significantly to 0.04, indicating reduced leverage and financial risk. Return on Equity (ROE) increased to 20.06%, highlighting better utilization of equity. Despite these improvements, the overall liabilities remain substantial.

Cash Flow

Free cash flow grew by 56.19% from 2023 to 2024, indicating improved cash generation. The operating cash flow to net income ratio stood at 0.88, suggesting efficient cash conversion despite a decrease from previous years. However, the free cash flow to net income ratio at 0.88 reflects a moderate level of cash profitability.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
917.90M	939.29M	916.55M	926.24M	918.69M	815.40M
	Gross Profit
621.28M	686.22M	666.31M	671.25M	670.54M	589.34M
	EBIT
193.96M	180.81M	127.67M	202.03M	201.99M	156.26M
	EBITDA
230.24M	180.81M	190.59M	186.69M	303.82M	264.89M
	Net Income Common Stockholders
51.39M	134.44M	19.34M	-77.64M	117.07M	-37.38M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
678.07K	121.17M	138.08M	97.91M	186.30M	156.48M
	Total Assets
829.72M	2.56B	2.60B	2.47B	2.58B	2.51B
	Total Debt
0.00	29.03M	1.45B	1.48B	1.76B	1.81B
	Net Debt
-678.07K	-92.14M	1.31B	1.38B	1.57B	1.65B
	Total Liabilities
89.61M	1.85B	1.92B	1.88B	2.88B	2.83B
	Stockholders Equity
740.11M	670.20M	633.23M	545.08M	-346.74M	-367.29M
Cash Flow		Free Cash Flow
97.22M	118.32M	75.72M	103.83M	139.57M	103.60M
	Operating Cash Flow
112.35M	118.32M	132.72M	163.12M	188.89M	148.46M
	Investing Cash Flow
-72.49M	-72.49M	-57.00M	-61.29M	-136.93M	-53.48M
	Financing Cash Flow
-55.50M	-56.22M	-45.35M	-184.35M	-19.27M	-52.00M

Getty Images Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.79
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GETY, the sentiment is Negative. The current price of 1.79 is below the 20-day moving average (MA) of 2.07, below the 50-day MA of 2.35, and below the 200-day MA of 3.10, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 28.78 is Positive, neither overbought nor oversold. The STOCH value of 8.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GETY.

Getty Images Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TME	80 Outperform	$24.37B	24.02	10.75%	0.92%	0.63%	34.09%
SSTK	69 Neutral	$620.76M	17.65	6.87%	6.74%	6.94%	-66.92%
GETY	67 Neutral	$738.50M	18.78	6.07%	―	2.48%	103.37%
NWSA	65 Neutral	$15.67B	36.68	5.23%	0.75%	-1.51%	82.74%
IAC	63 Neutral	$3.86B	―	-9.29%	―	-12.78%	-343.35%
Sector *	59 Neutral	$27.95B	0.82	-25.77%	4.12%	2.13%	-46.61%
RBLX	54 Neutral	$39.42B	―	-628.33%	―	28.68%	22.57%

Getty Images Holdings Corporate Events

Getty Images Completes Major Refinancing to Boost Liquidity

On February 21, 2025, Getty Images Holdings, Inc. completed a significant refinancing of approximately $1.042 billion in existing term loans, initially set to mature in 2026. This refinancing, involving new U.S. dollar and euro term facilities, aims to enhance the company’s liquidity and strategic growth potential, allowing it to better seize emerging market opportunities and maximize shareholder returns.

Getty Images Initiates Loan Refinancing and Shares Preliminary Results

On February 4, 2025, Getty Images announced the initiation of a refinancing process for its senior secured term loan facilities, aiming to replace them with up to $1.05 billion in new term loan facilities. This strategic move is intended to extend the maturity of their loans, initially set to mature in February 2026. Additionally, Getty Images provided preliminary financial results for the fourth quarter and full year 2024, expecting revenues to fall in the range of $244 million to $250 million for the quarter and $936 million to $942 million for the year. The company anticipates financial performance at or above the high-end of previously announced guidance ranges. These figures are preliminary and subject to change upon completion of an audit.

Getty Images Merges with Shutterstock for Major Synergies

Getty Images Holdings and Shutterstock have entered into a merger agreement to form a leading visual content company with an enterprise value of approximately $3.7 billion. This merger is expected to leverage both companies’ strengths, enhancing their content offerings and innovation capabilities, while generating significant cost synergies of $150 million to $200 million by the third year. The combined entity aims to better serve customers and expand opportunities for contributors, with expectations of improved earnings and cash flow from the second year post-merger. The transaction is subject to standard regulatory approvals and stockholder consent, with the merged company continuing to trade under the Getty Images name.

Getty Images and Shutterstock Announce Strategic Merger

Getty Images Holdings, Inc. has announced a strategic merger with Shutterstock, Inc., aiming to create a premier visual content company. This merger is expected to enhance their combined market presence, offering increased benefits and synergies for stakeholders, although it is subject to regulatory and stockholder approvals, and carries potential risks and uncertainties during integration.