secwatch.observer — SEC 8-K summary
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Issuer:     Getty Images Holdings, Inc. (GETY)
CIK:        0001898496
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001628280-24-036345
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1898496/000162828024036345/0001628280-24-036345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1898496/000162828024036345/gety-20240809.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-036345

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer