GETY Earnings Prediction
The chart below shows how GETY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GETY sees a +5.74% change in stock price 10 days leading up to the earnings, and a -7.23% change 10 days following the report. On the earnings day itself, the stock moves by +0.65%. This data can give you a slight idea of what to expect for the next quarter's release.
GETY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
240.54M
4.90%
4.98%
Gross Margin
66.92%
4.19%
1.72%
Operating Margin
25.21%
15.48%
17.31%
Net Margin
-1.05%
-86.96%
-165.22%
EPS
-0.01
-80.00%
-200.00%
No Data Available
GETY Earnings Analysis
Getty Images Holdings, Inc. Corporation (GETY.N) Earnings Conference Call
Positive
Q3 Revenue Increase: 1. Revenue Growth: Getty Images reported revenue of $240.5 million for Q3 2024, reflecting a year-on-year increase of 4.9% on a reported basis and 5.4% on a currency-neutral basis.
Subscription Growth Surge: 2. Strong Subscription Performance: The company added 96,000 active annual subscribers, reaching a total of 298,000, which is an increase of approximately 48% compared to the last twelve months.
Editorial Revenue Increase: 3. Editorial Revenue Recovery: Editorial revenue increased by 16.1% year-on-year to $92.8 million, marking the second consecutive quarter of growth after four quarters of decline.
Agency Segment Growth: 4. Agency Business Growth: The agency segment returned to growth with a 5% year-on-year increase, driven by strong performance across networks and independent agencies.
Revenue Guidance Increase: 5. Increased Revenue Guidance: Getty Images raised its full-year revenue guidance to a range of $934 million to $943 million, indicating a year-on-year growth of 1.9% to 2.9%.
Negative
EBITDA Margin Decline: Adjusted EBITDA margin decreased to 33.5% from 35% in Q3 2023, indicating a decline in profitability despite revenue growth.
Decline in Creative Revenue: Creative revenue fell by 7.9% year-on-year to $133.7 million, primarily due to a shift in revenue allocation towards editorial content.
Free Cash Flow Deficit: Free cash flow showed a deficit of $1.8 million in Q3 2024, a significant drop from the $12.8 million generated in Q3 2023, reflecting working capital changes and increased cash interest expenses.
Subscription Revenue Retention Decline: Annual subscription revenue retention rate decreased to 92.2%, down from 94.5% in the previous year, indicating challenges in maintaining customer loyalty.
Debt and Leverage Concerns: Total debt outstanding reached $1.35 billion, with a net leverage ratio of 4.2x, unchanged from the previous quarter, highlighting ongoing financial leverage concerns.
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GETY Earning Call Sentiment
Getty Images Holdings, Inc. (GETY) Q3 2024 Earnings Call Transcript
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GETY.N
-2.44%Positive
Basic Financial Performance shows mixed results, with revenue growth but challenges in creative revenue and cash flow. Product Development and Business Update is positive with AI initiatives but early adoption. Market Strategy is neutral due to selective data licensing. Expenses and Financial Health are concerning with high debt and cash flow deficit. Shareholder Return Plan is positive with debt reduction. Q&A reveals cautious sentiment on GenAI adoption. Overall, mixed signals lead to a neutral prediction, with a slight positive bias due to revenue growth and partnership announcements, offset by financial concerns.
