Getty images reported to Second-Quarter Net Loss Ass Currency Headwinds and Transaction Overshadowed Modest Top-Line Growth, With Revenue Landing Just Below Consensus and Earnings Missing Street Expectations.
The Visual Content Marketplace Posted Revenue of About $ 234.9 Million, UP 2.5% Year Year But Roughly 0.6% Below The Zacks Consensus, While Delivening an adjusted loss of $ 0.08 per share versus expectations for $ 0.03 Profit.
Management Poeded to Foreign Exchange Losses tied to the revaluation of Euro-Ddenominated Debt and Merger-Related Costs as Primary Drivers of The Swing To A $ 34.4 Million Net Loss From A $ 3.7 Million Profit A Year Alar Expensses in the Quarter.
Mix Trends Were Uneven: Editorial Revenue Rose 5.6% to $ 88.3 million, While Creative Declined 5.1% to $ 130.8 million, and subscription Revenue Increased 3.7%, Representing 53.5% of Total Sales.
Evote The Miss, Getty Reaffirmed Full-Year 2025 Guidance, Projecting Revenue of $ 931 Million to $ 968 Million and adjusted Ebitda of $ 277 million to $ 297 million, Framing The Outlook Against A Tougher Second-Half Comparison set and ongoing macro and industry and industry and industry and industry and industry and industry.
The Company Also Reiteated Progress Toward its Pending Merger With Shuttersock, Which Remains Subject To Regulatory Approvals and is Expected To Close by Year-End 2025.
Shares Initially Fell After Hours on The Earnings Shortfall, Reflecting Investor Focus on Profitability and Leverage Amid a Heavy Debt Load and Ongoing Transaction Costs. With Cash at $ 110.3 Million and Long-Trm Debt of Roughly $ 1.34 Billion As of Quarter-End, Attention Turns to Execution on Subscripts, Cost Control, and Regulatory Milestones As Management Navigates FX Volatity and Integration Planning.
