
Getty reports $226.6M in revenue, subscription model reaches 57% of total sales
Getty Images (NYSE:GETY) posted first-quarter revenue of $226.6 million, a 1.1% increase year-over-year.
On a currency-neutral basis, revenue declined by 2.5%, reflecting the timing of large licensing deals and the strengthening of the U.S. dollar.
Despite the top-line fluctuation, the company’s net loss narrowed dramatically to $4.4 million, or $0.01 per share, compared to a net loss of $102.6 million in the first quarter of 2025.
Adjusted EBITDA stood at $61.6 million, representing a 27.2% margin.
The quarter highlighted a diverging performance between the company's two primary business lines.
Editorial revenue rose 11%, driven by a packed global events calendar and heightened demand for news and sports imagery.
Conversely, Creative revenue declined 4.5%, as the agency and media sectors continued to face budgetary caution.
However, the company successfully transitioned more of its base to recurring revenue, with annual subscriptions now accounting for 57.4% of total sales.
Meanwhile, the proposed merger with Shutterstock remains the central focus for investors.
Following a Phase 2 referral by the UK’s CMA, the regulator issued an interim report on February 19, 2026, which provisionally found competition concerns specifically within the UK editorial content market.
On April 16, 2026, the CMA published a summary of an interim report on remedies, signaling that the parties are actively discussing divestitures or structural changes to satisfy regulatory requirements.
Both companies maintain that the combination is necessary to compete against a new wave of generative AI-native platforms.
Elsewhere, Getty Images ended the quarter with $246.6 million in available liquidity and a total debt load of $2 billion.
The company’s free cash flow improved to $24 million, supported by disciplined cost management and higher collection efficiencies.
Based on current visibility, management reaffirmed its full-year 2026 guidance, expecting revenue between $948 million and $988 million and adjusted EBITDA between $279 million and $295 million.