Getty Images Q3 2023 revenue flat at $229.3M, adjusted EBITDA up 3.4% to $80.3M

Getty Images Holdings, Inc.

2023-Q3 EPS reported -$0.05 revenue$690,616,000

Revenue $229.3M (-0.5% YoY); Creative revenue flat at $145.2M, Editorial down 2.3% to $79.9M.
Net loss narrowed to $18.4M from $118.1M in Q3'22; includes $106.1M warrant litigation loss offset by $60.0M D&O insurance recovery.
Adjusted EBITDA $80.3M (+3.4%); margin 35.0% vs 33.7% in prior year.
Annual Subscription Revenue as % of total revenue rose to 55.9% from 49.4% in Q3'22.
Ending cash $113.5M; total debt $1.383B; free cash flow $12.8M vs $33.2M a year ago.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Getty Images Holdings, Inc. reported the third quarter ended September 30, 2023 results: revenue $229.3 million, net income Net Loss of $18.4 million.

Period: the third quarter ended September 30, 2023
Revenue: $229.3 million
Net income: Net Loss of $18.4 million
Result: reported results

Exact text from the filing

industry-leading content and services can provide value to our customers to deliver growth for the company in the long term.” Third Quarter 2023 Financial Summary: · Revenue of $229.3 million declined 0.5% year over year and 1.3% on a currency neutral basis. · Creative revenue of $145.2 million, flat year over year and down 0.8% on a currency neutral basis. ·

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Source: SEC EDGAR

accession 0001104659-23-118147

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