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GETY (Getty Images Holdings) Gross Profit : $686.2 Mil (TTM As of Dec. 2024)


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What is Getty Images Holdings Gross Profit?

Getty Images Holdings's gross profit for the three months ended in Dec. 2024 was $181.7 Mil. Getty Images Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $686.2 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Getty Images Holdings's gross profit for the three months ended in Dec. 2024 was $181.7 Mil. Getty Images Holdings's Revenue for the three months ended in Dec. 2024 was $247.3 Mil. Therefore, Getty Images Holdings's Gross Margin % for the quarter that ended in Dec. 2024 was 73.47%.

Getty Images Holdings had a gross margin of 73.47% for the quarter that ended in Dec. 2024 => Durable competitive advantage

During the past 5 years, the highest Gross Margin % of Getty Images Holdings was 73.06%. The lowest was 72.28%. And the median was 72.70%.


Getty Images Holdings Gross Profit Historical Data

The historical data trend for Getty Images Holdings's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Getty Images Holdings Gross Profit Chart

Getty Images Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Gross Profit
589.34 670.54 671.25 666.31 686.22

Getty Images Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 163.27 162.02 166.04 176.45 181.70

Competitive Comparison of Getty Images Holdings's Gross Profit

For the Internet Content & Information subindustry, Getty Images Holdings's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Getty Images Holdings's Gross Profit Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Getty Images Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where Getty Images Holdings's Gross Profit falls into.


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Getty Images Holdings Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Getty Images Holdings's Gross Profit for the fiscal year that ended in Dec. 2024 is calculated as

Gross Profit (A: Dec. 2024 )=Revenue - Cost of Goods Sold
=939.287 - 253.068
=686.2

Getty Images Holdings's Gross Profit for the quarter that ended in Dec. 2024 is calculated as

Gross Profit (Q: Dec. 2024 )=Revenue - Cost of Goods Sold
=247.324 - 65.623
=181.7

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $686.2 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Getty Images Holdings's Gross Margin % for the quarter that ended in Dec. 2024 is calculated as

Gross Margin % (Q: Dec. 2024 )=Gross Profit (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=181.7 / 247.324
=73.47 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Getty Images Holdings  (NYSE:GETY) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Getty Images Holdings had a gross margin of 73.47% for the quarter that ended in Dec. 2024 => Durable competitive advantage


Getty Images Holdings Gross Profit Related Terms

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Getty Images Holdings Business Description

Traded in Other Exchanges
N/A
Address
605 5th Avenue S, Suite 400, Seattle, WA, USA, 98104
Getty Images Holdings Inc. is a visual content creator and marketplace that offers a full range of content solutions. Through its Getty Images, Stock, and Unsplash brands, websites, and APIs, it serves customers around the world by allowing them to discover, purchase, and share visual content from photographers, illustrators, image partners, and videographers. The company generates a majority of its revenue through subscriptions, offering various subscription products on the Getty Images, iStock, and Unsplash websites. It operates and manages one operating segment, which is the business of developing and commercializing visual content. Geographically, the company generates maximum revenue from the Americas, followed by Europe, the Middle East and Africa, and the Asia-Pacific region.
Executives
Chinh Chu director, officer: Chief Executive Officer THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Jonathan Gear director C/O IHS MARKIT LTD., 4TH FLOOR, ROPEMAKE, 25 ROPEMAKER STREET, LONDON X0 EC2Y 9LY
James Quella director C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08822
Jason K Giordano officer: Executive VP, Corp. Develop. 345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Joel Alsfine director 2905 PREMIERE PARKWAY, SUITE 300, DULUTH GA 30097
Matthew Skurbe officer: Chief Financial Officer C/O CC NEUBERGER PRINCIPAL HOLDINGS II, 200 PARK AVE, 58TH FLOOR, NEW YORK NY 10166
Douglas Newton officer: Executive VP, Corp. Develop. 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Charles Kantor director C/O NEUBERGER BERMAN, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Cc Neuberger Principal Holdings Ii Sponsor Llc 10 percent owner C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166