Getty Pictures Holdings Inc GETY reported monetary outcomes for the second quarter after the market shut on Monday. Right here’s a have a look at the highlights from the quarter.
Q2 Earnings: Getty Pictures posted second-quarter income of $234.88 million, narrowly beating analyst estimates of $234.77 million, in response to Benzinga Professional. The corporate reported second-quarter adjusted earnings of 5 cents per share, beating estimates of 1 cent per share.
Complete income was up 2.5% on a year-over-year foundation and annual subscription income elevated 3.7% year-over-year. Right here’s a breakdown of income by class.
- Artistic: $130.8 million, down 5.1% year-over-year
- Editorial: $88.3 million, up 5.6% year-over-year
Getty mentioned it generates $6.5 million of money from operations. The corporate reported detrimental free money circulation of $9.6 million within the quarter. Getty ended the interval with $110.3 million in money.
“We delivered strong progress within the second quarter, pushed by continued momentum in our subscription enterprise and robust demand for our content material and providers with acceleration throughout Company, and a return to progress in Media,” mentioned Craig Peters, CEO of Getty Pictures.
“We stay assured in our technique and on monitor to realize our 2025 outlook.”
Steerage: Getty affirmed its full-year 2025 income steerage of $931 million to $968 million versus Benzinga Professional estimates of $945.87 million.
GETY Worth Motion: Getty Pictures shares have been down 1.75% at $1.68 in prolonged buying and selling at publication on Monday, in response to Benzinga Professional.
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