Getty Images Q4 revenue $225.9M (-2.4% YoY); net income swings to $39.1M

Getty Images Holdings, Inc.

Q4 revenue $225.9M down 2.4% YoY; creative revenue up 0.5%, editorial down 7.9% owing to Hollywood strikes.
Net income $39.1M in Q4 vs net loss $23.3M a year ago; includes $58M tax benefit and $20M unrealized loss on euro loan.
Full year 2023 revenue $916.6M (-1.0% YoY); Adjusted EBITDA $301.4M, margin unchanged at 32.9%.
Annual Subscription Revenue rose to 54.5% of total Q4 revenue from 50.2% a year earlier.
Cash $136.6M, total debt $1.401B; free cash flow $18.6M in Q4, flat with prior year.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Getty Images Holdings, Inc. reported quarter and full year ended December 31, 2023 results: revenue $225.9 million; $916.6 million, net income $39.1 million; $19.6 million.

Period: quarter and full year ended December 31, 2023
Revenue: $225.9 million; $916.6 million
Net income: $39.1 million; $19.6 million
Result: reported results

Exact text from the filing

positioned to return to top line growth while remaining fiscally disciplined to continue to deliver healthy profitability.” Fourth Quarter 2023 Financial Summary: • Revenue of $225.9 million declined 2.4% year over year and 4.0% on a currency neutral basis. ◦ Creative revenue of $145.8 million, up 0.5% year over year and down 1.0% on a currency neutral basis. ◦

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Getty Images Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-011247

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