Getty Images Holdings, Inc. (GETY) Q3 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2025
0mins
Should l Buy GETY?
Source: SeekingAlpha
Third quarter revenue $240 million, representing a slight year-over-year decrease of 0.2% and 2% on a currency-neutral basis. The decrease was due to declines in editorial revenue and agency customers, partially offset by growth in creative revenue.
Adjusted EBITDA $78.7 million for the quarter, down 2.4% reported and 4.4% on a currency-neutral basis at a margin of 32.8% of revenue. The decline was attributed to increased SG&A expenses, including costs for SOX compliance and litigation.
Annual subscription revenue 58.4% of total revenue, up from 52.4% in Q3 of last year, representing year-on-year growth of 11.2% or 9.3% on a currency-neutral basis. Growth was driven by premium access, which grew 17% or 15% currency neutral, aided by a large renewal.
Creator revenue $144.9 million for the quarter, up 8.4% year-on-year and 6.4% on a currency-neutral basis. Growth was driven by premium access revenue, video, Unsplash+, and custom content, while agency revenue declined 22% year-on-year.
Editorial revenue $89.3 million, down 3.7% year-on-year and 5.6% on a currency-neutral basis. The decline was due to double-digit decreases in news and sports, partially offset by growth in entertainment and archives.
Other revenue $5.8 million, down from $14.1 million in Q3 '24. The decline was due to the timing of prior year revenue recognition for creative content deals, including AI rights.
Adjusted EBITDA less CapEx $64 million, down 6.1% or 8.1% on a currency-neutral basis. The decline was due to increased CapEx and lower adjusted EBITDA.
Free cash flow $7.9 million compared to negative $1.8 million in Q3 2024. The increase was due to changes in working capital, primarily the timing of receivables and payables.
SG&A expense $101 million, up $0.9 million year-on-year. The increase was due to $3 million of professional fees for SOX compliance and $1 million for litigation costs.
CapEx $14.7 million in Q3, up $2.2 million year-over-year. The increase reflects the timing of payments for routine CapEx spend.
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Analyst Views on GETY
Wall Street analysts forecast GETY stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 0.772
Low
7.00
Averages
7.00
High
7.00
Current: 0.772
Low
7.00
Averages
7.00
High
7.00
About GETY
Getty Images Holdings, Inc. is a global visual content creator and marketplace company. The Company offers a full range of content solutions to meet the needs of any customer around the globe. Through its Getty Images, iStock and Unsplash brands, websites and application programming interfaces (APIs), the Company serves customers and discovers, purchases and shares visual content from photographers and videographers. The Company covers approximately 160,000 news, sport and entertainment events, providing depth and breadth of coverage. The Company also maintains photographic archives in the world with millions of images dating back to the beginning of photography. It works with approximately 557,000 contributors and more than 320 content partners to deliver a range of content. Its Getty Images, iStock, and Unsplash brands categorize its content and services into three categories: Creative, Editorial, and Other. Its Gettyimages.com offers premium creative content and editorial coverage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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