Getty Images reported third‑quarter 2025 results that surpassed analyst expectations, with revenue of $240 million—down 0.2% year‑over‑year—and adjusted earnings per share of $0.08, beating the consensus estimate of $0.04 by $0.04 or 100%. Net income swung to $21.6 million from a $2.5 million loss a year earlier, underscoring the company’s improved profitability profile.
Revenue was driven by a 11.2% rise in subscription revenue to $140 million, which now accounts for 58.4% of total sales. Creative revenue grew 8.4% to $144.9 million, while editorial revenue fell 3.7% to $89.3 million. A sharp 58.5% decline in other revenue—primarily the timing of a prior creative content deal—offsets the gains in the core segments, keeping overall growth flat.
Adjusted EBITDA margin contracted to 32.8% from 33.5% in Q3 2024, largely because accelerated SOX compliance costs reduced the margin by about 1.7 percentage points. Excluding those one‑time costs, the margin would have been 34.5%, indicating that underlying operations remain strong. Adjusted EBITDA stood at $78.7 million, up from $72.1 million in the same quarter last year, while EBITDA minus capex was $64 million.
Management raised its full‑year 2025 revenue outlook to $942–$951 million, up from the prior guidance of $931–$968 million, and lifted adjusted EBITDA guidance to $291–$293 million, a modest increase from the previous range of $289–$291 million. The upward revision reflects confidence in sustained subscription growth and the momentum of new AI‑driven licensing deals, while the narrow EBITDA range signals caution about potential cost pressures and the ongoing merger‑review delay with Shutterstock.
CEO Craig Peters highlighted that the quarter’s flat revenue was “a result of challenging year‑over‑year comparisons against last year’s robust event calendar,” and praised the company’s “new strategic partnerships that integrate our content into emerging AI large‑language models.” CFO Jennifer Leyden noted that “strong subscription growth and disciplined cost management” kept the adjusted EBITDA margin above 32% and that the company remains “confident in executing on the updated guidance.” The company also reiterated that the Shutterstock merger review has been referred to a Phase 2 review by the UK CMA, pushing the expected closure to 2026.
Investors responded positively to the earnings beat and guidance update, citing the company’s ability to deliver a strong EPS beat and maintain a healthy margin profile despite headwinds such as the event‑calendar effect and compliance‑related costs.
Overall, Getty Images’ Q3 results demonstrate resilience in its subscription model, growing AI‑related revenue streams, and disciplined cost control, positioning the company to navigate the merger‑review uncertainty while pursuing new growth opportunities in the AI content market.
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