Getty Images (NYSE: $GETY), which operates a large commercial website that provides stock photos, editorial photography, video, and music for consumers and businesses, releases in Q4 fiscal year 2024 results on Tuesday, March 18, 2025, after markets closed. Here is a deep dive into the results.
Getty Images Q4 And Fiscal Year 2024 Results
For the fourth quarter of fiscal 2024, Getty Images reported an adjusted EPS of $0.06 per share, beating estimates of $0.04. The company reported revenue of $247.32 million, beating estimates by 0.32% and a 9.5% increase YoY.
Other Q4 Highlights
Getty Images reported a net income of $24.7 million compared to $39.1 million last year, while adjusted EBITDA increased 11.7% YoY to $80.6 million.
It ended the quarter with $39.7 million in net cash from operating activities, and $24.6 million in free cash compared to 33.7 million, and $18.6 million respectively, the previous year. At the end of the quarter, it had $121.2 million in cash and cash equivalents compared to $136.6 million the previous year.
Meanwhile, Q4 Annual Subscriber revenue increased 11.8% YoY to 54.9% of total revenue, up from 53.8% the previous year.
Full-Year Highlights
Full-year revenue increased 2.5% YoY to $939.3 million. Getty Images reported a 4.5% decline in full-year creative revenue to $552.8 million, while Editorial revenue increased 7.9% YoY to $345.9 million.
The full-year Annual Subscription revenue grew to 53.8% as a percentage of total revenue compared to 52.5% the previous year.
Meanwhile, the FY24 net income rose to $39.5 million compared to $19.6 million the previous year. The company reported a 0.4% YoY decline in adjusted EBITDA to $300.3 million, while the adjusted EBITDA margin fell to 32% compared to 32.9% the previous year.
Getty Images had $118.3 million in net cash from operating activities at the end of FY24, while free cash flow was $60.9 million compared to $75.7 million the previous year.
As of the end of the year, Getty Images had $1.314 billion in total debt, which includes a term loan balance of $1.014 billion and $300 million in senior notes.
Getty Images Guidance
The company expects revenue of $ 918 million to $ 955 million, a 2.3% to 1.6% change YoY, and below analysts’ forecast of $958.72 million at the midpoint. It expects an adjusted EBITDA of $272 million to $290 million, which is a -9.5% to -3.3% YoY change.
Getty Images (GETY) Market Performance
Following the revenue and earnings beat, GETY shares dipped 0.47% in the early morning trading session to $2.14 per share due to the guidance miss.
GETY is down 40.22% in the past six months,and 54.76% in the past 12 months. Year to date, the stock is down 0.93%. The current price is below its 50 and 200-day moving averages of $2.4430 and $3.1688, respectively. GETY shares are trading at a significant discount to their 52-week high of $5.09 per share.
Looking at the share trading activities, traders have shorted around 18.15% of the float, while they have shorted 1.75% of the shares outstanding. However, the total shares shorted has fallen to 7.22M from 10.53M the previous month.
Analysts give GETY shares an overall hold rating, with an average price target of $5.82, which is a 171.96% upside. They forecast a wide range of price targets, with a high of $7.70, and a low of $3.75.
Is GETY A Buy In 2025?
Getty Images has traditionally made most of their revenue through the sale of stock media. However, that model has recently been challenged by the rise of AI. Most small and medium sized businesses now have an alternative to copyright-free media without relying on Getty images.
However, the company could still pull off a turnaround if it manages to incorporate its huge database for AI training on related use cases. Amid the rise of AI, the company has announced plans to invest in AI capabilities amid a planned merger with Shutterstock. Depending on how management executes those plans, GETY could potentially be one of the most valuable stocks in the AI media creation space going forward. As such, GETY is potentially one of the most lucrative stocks right now.
Click Here For Updates on GETY – It’s FREE to Sign Up for Text Message Notifications!
Disclaimer: This website provides information about cryptocurrency and stock market investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for educational and informational purposes only. The owner of this website is not a registered investment advisor and does not offer investment advice. You, the reader / viewer, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.
