Getty Images | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 234.88 M

Revenue: As of FY2025 Q2, the actual value is USD 234.88 M, beating the estimate of USD 234.77 M.

EPS: As of FY2025 Q2, the actual value is USD -0.08, missing the estimate of USD 0.0265.

Segment Revenue

• Creative: Revenue decreased by 5.1% to $130.8 million for the three months ended June 30, 2025, compared to $137.9 million for the same period in 2024. For the six months ended June 30, 2025, revenue decreased by 5.0% to $263.0 million compared to $276.7 million in 2024.
• Editorial: Revenue increased by 5.6% to $88.3 million for the three months ended June 30, 2025, compared to $83.6 million in 2024. For the six months ended June 30, 2025, revenue increased by 4.9% to $171.0 million compared to $163.0 million in 2024.
• Other: Revenue increased by 106.1% to $15.7 million for the three months ended June 30, 2025, compared to $7.6 million in 2024. For the six months ended June 30, 2025, revenue increased by 115.0% to $25.0 million compared to $11.6 million in 2024.

Operational Metrics

• Net Income: The company reported a net loss of $34.4 million for the three months ended June 30, 2025, compared to a net income of $3.7 million in 2024. For the six months ended June 30, 2025, the net loss was $136.9 million compared to a net income of $17.3 million in 2024.
• Operating Expenses: Total operating expenses increased by 9.1% to $199.3 million for the three months ended June 30, 2025, compared to $182.7 million in 2024. For the six months ended June 30, 2025, operating expenses increased by 8.8% to $396.1 million compared to $363.9 million in 2024.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities was $21.9 million for the six months ended June 30, 2025, compared to $68.0 million in 2024.
• Investing Cash Flow: Net cash used in investing activities was $31.8 million for the six months ended June 30, 2025, compared to $44.7 million in 2024.
• Financing Cash Flow: Net cash used in financing activities was $21.3 million for the six months ended June 30, 2025, compared to $34.8 million in 2024.

Future Outlook and Strategy

• Core Business Focus: Getty Images is focusing on expanding its subscription offerings and enhancing its content library to meet evolving customer needs. The company is also investing in AI and machine learning to improve customer experience and operational efficiency.
• Non-Core Business: The company is engaged in a merger with Shutterstock, which is expected to close after regulatory approvals. This merger aims to create a combined entity with enhanced market presence and operational synergies.