Getty Images returns to growth in Q2; revenue $229.1M (+1.5%), net income $3.7M

Getty Images Holdings, Inc.

2024-Q2 EPS reported $0.04 revenue$451,418,000

Revenue $229.1M, +1.5% YoY (+2.1% currency neutral); editorial revenue +4.1% to $83.6M.
Net income $3.7M vs net loss $4.3M in Q2'23; includes $2.4M unrealized gain from Euro term loan.
Adjusted EBITDA $68.8M, down 5.4% YoY; margin 30.0% vs 32.2% prior year.
Annual subscription revenue 52.9% of total revenue, up from 51.1% in Q2'23.
Free cash flow $31.1M vs $27.9M prior year; ending cash $121.7M with $150M undrawn revolver.

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