Getty Images posts Q1 revenue $222M (-5.7% YoY); launches generative AI tool with NVIDIA

Getty Images Holdings, Inc.

Q1 revenue $222M, down 5.7% YoY; adjusted EBITDA $70M (31.6% margin).
LTM active annual subscribers 262K, up 78.2% YoY; paid download volume flat at 95M.
Net leverage 4.2x; target 2.5-3.0x within 24-36 months via debt paydown.
Generative AI by Getty Images powered by NVIDIA launched; commercially safe, compensates creators.
Company expects return to growth in 2024 as Hollywood strike headwinds dissipate.

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