Q2 2025 Getty Images Holdings Inc Earnings Call Transcript
Key Points
- Getty Images Holdings Inc (GETY) reported a 2.5% increase in second-quarter revenue for 2025, with growth in the Annual Subscription business.
- The company saw strong demand for video, news, and sport content, particularly in its Corporate and Media segments.
- Getty Images Holdings Inc (GETY) expanded its Bloomberg partnership to include Bloomberg video content, enhancing its offerings.
- The company's insights platform, VisualGPS, continues to provide strategic differentiation by offering data-backed guidance to customers.
- Getty Images Holdings Inc (GETY) upgraded its AI suite of services, improving quality and prompt adherence, which is integrated into its image subscriptions.
- Adjusted EBITDA for the quarter was down 1.2% reported and 2.2% on a currency-neutral basis.
- The Agency business remains soft due to challenges in the advertising industry and macroeconomic pressures.
- Free cash flow was negative $9.6 million, a significant decline from positive $31.1 million in Q2 2024, primarily due to merger and legal-related expenses.
- SG&A expenses increased year-on-year, driven by professional fees related to SOX compliance efforts and ongoing litigation with Stability AI.
- The company's net leverage increased slightly to 4.3 times, reflecting the impact of the weaker dollar on its euro term loan.
Good afternoon. Welcome to the Getty Images Holdings, Inc., second-quarter 2025 earnings call.
Today's call is being recorded. (Operator Instructions)
At this time, I'd like to turn the conference over to Steven Kanner, VP of Investor Relations and Treasury at Getty Images. Thank you. You may begin.
Good afternoon. Welcome to the Getty Image's second-quarter 2025 earnings call.
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 status of the merger with Shutterstock or the Q2 2025 Shutterstock operating results. We appreciate your understanding. We'll share updates as soon as we are able.
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 to differ materially from these
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