Overview

• US visual content marketplace's Q1 revenue rose 1.1% yr/yr but missed analyst expectations

• Adjusted EBITDA for Q1 declined 12.2% and missed analyst expectations

• Company maintained full-year 2026 revenue and adjusted EBITDA guidance

Outlook

• Getty Images maintains 2026 revenue guidance of $948 mln to $988 mln

• Company expects 2026 adjusted EBITDA of $279 mln to $295 mln

• Adjusted EBITDA margins expected to return to typical 30% range as costs normalize

Result Drivers

• EDITORIAL GROWTH - Editorial revenue rose 11% yr/yr, offsetting declines in other segments

• CREATIVE WEAKNESS - Creative revenue fell 4.5% yr/yr, with challenges in Agency and microstock

• HIGHER COSTS - Adjusted EBITDA margin decreased due to higher cost of revenue, revenue mix, and Winter Olympics coverage costs

Company press release: ID:nGNX3jCFhw

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Miss	$226.57 mln	$239.88 mln (3 Analysts)
Q1 Net Income		-$4.43 mln
Q1 Adjusted EBITDA	Miss	$61.60 mln	$73.76 mln (3 Analysts)
Q1 Adjusted EBITDA Margin		27.20%

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy"

• Wall Street's median 12-month price target for Getty Images Holdings Inc is $3.50, about 318.6% above its May 8 closing price of $0.84

• The stock recently traded at 62 times the next 12-month earnings vs. a P/E of 13 three months ago

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