Q1 2026 Getty Images Holdings Inc Earnings Call Transcript
Key Points
- Getty Images Holdings Inc (GETY) reported first-quarter revenue of $226.6 million, up 1.1% year-over-year.
- The company continues to see strong renewals with existing customers, supported by high-quality content and coverage.
- Getty Images Holdings Inc (GETY) demonstrated operational and logistical expertise during the Milano Cortina Winter Olympics, reinforcing long-standing customer relationships.
- The company has multi-year visibility tied to upcoming global events like the World Cup and America's 250th anniversary, providing future revenue opportunities.
- Getty Images Holdings Inc (GETY) received nearly 90 industry awards for excellence in categories such as news, sport, and politics, highlighting the expertise and talent of its photographers and editorial teams.
- Adjusted EBITDA for the first quarter was $61.6 million, down from the previous year due to higher costs of revenue and elevated costs associated with Winter Olympics coverage.
- The agency segment, which is less than 15% of total revenue, continues to decline due to shifting media mix and the adoption of AI.
- The Microstock category is impacted by search engine changes incorporating AI results and the emergence of generative AI offerings.
- Active annual subscribers declined to 258,000 from 318,000 in the previous year, reflecting the discontinuation of the iStock Free Trial New Customer Acquisition Program.
- Adjusted EBITDA margin decreased to 27.2% from 31.3% in Q1 2025, primarily due to higher costs of revenue and SG&A expenses.
Good afternoon, and welcome to Getty Images Holdings, Inc. first quarter 2026 earnings call. Today's call is being recorded. (Operator Instructions)
At this time, I would like to turn the conference over to Steven Kanner, Vice President of Investor Relations and Treasury at Getty Images. Thank you. You may begin.
Good afternoon, and thank you for joining our first-quarter earnings call. Joining me on today's call are Craig Peters, Chief Executive Officer, and Jen Leyden, Chief Financial Officer.
Before we begin, we would like to note that due to the ongoing regulatory review process, we will not be able to comment on the first-quarter 2026 Shutterstock operating results. We appreciate your understanding.
This call will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks, uncertainties, and assumptions, which could cause our actual results
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