Getty Images Holdings, Inc. (GETY) Earnings
Getty Images Holdings, Inc. is expected to report next earnings on November 9, 2026 (in NaN days), with a consensus EPS estimate of $-0.01. GETY has beaten EPS estimates in 3 of its last 12 reported quarters (average surprise -1499.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 10, 2026 | $0.00 | $-0.21 | -4840.4% | $229M | -2.6% |
| May 11, 2026 | $0.01 | $-0.01 | -200.0% | $227M | -5.2% |
| Mar 16, 2026 | $0.03 | $-0.22 | -831.8% | $282M | +18.5% |
| Mar 17, 2025 | $0.04 | $-0.01 | -125.0% | $247M | +0.8% |
| Nov 7, 2024 | $-0.00 | $-0.01 | -128.3% | $241M | -1.4% |
| Aug 9, 2024 | $0.02 | $0.01 | -50.0% | $229M | -3.7% |
| May 9, 2024 | $0.01 | $0.01 | +63.7% | $222M | -0.2% |
| Mar 14, 2024 | $0.01 | $0.09 | +610.3% | $226M | +4.4% |
| Nov 14, 2023 | $-0.03 | $0.04 | +237.4% | $229M | +6.7% |
| Aug 14, 2023 | $0.05 | $-0.01 | -120.0% | $226M | -4.5% |
| May 11, 2023 | $0.05 | $0.01 | -80.0% | $236M | +3.1% |
| Mar 13, 2023 | $0.10 | $-0.06 | -160.0% | $231M | -4.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · August 10, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
### Post-Merger Termination Standalone Strategy - The proposed merger with Shutterstock was terminated after 18 months of work and over $100 million in transaction costs, due to unsustainable regulatory burdens, uncertainty, and execution costs that were no longer in the company's best interest. - The immediate top priority for the standalone company is addressing the challenged balance sheet, improving liquidity, and reducing debt. Guggenheim Securities was hired in July 2026 to explore strategic financing alternatives and balance sheet management, with the process expected to run through Q3 2026 and into Q4 2026. ### Operational Challenges and Responses - Agency segment faces secular headwinds from industry consolidation and customer incentives to shift to internal content production including AI; management will continue to rationalize resources for this segment, and expects emerging global AI transparency laws and shifting consumer sentiment may ease pressure on ad creative demand. - iStock segment faces declining search and affiliate referral traffic from search engines' adoption of AI-generated answers, which hurts new customer acquisition, as well as generative AI pressure on the broader microstock category (concentrated on price-sensitive customers). iStock is partially insulated with 70% of revenue coming from exclusive premium offerings; management will reorient the site to focus on higher lifetime value premium offerings and rationalize marketing spend with unmet return requirements, which will negatively impact near-term KPIs through 2026 and 2027. ### Growth and Strategic Initiatives - Getty Images will position itself as the leading source of authentic, authoritative, high-quality, rights-cleared visual content, leveraging its strong brand, unique content archive, contributor/partner expertise, and existing customer relationships. - Content and partnership expansion: The company is embedding its content into products from AI and technology firms including Google, OpenAI, and Perplexity, and has announced new content partnerships with media brands like GoalHanger. It launched new single-seat editorial and creative subscriptions in July 2026 to expand access to individual creators. - AI enablement and transparency: The company has rolled out C2PA source verification across all offerings to amplify trust, launched the Model Content Protocol (MCP) and expanded natural language search for all content types, and released a new prompt-based AI editing tool for customers to modify licensed visuals while retaining authenticity. Internally, AI is used to improve efficiency, with full coding assistance rolled out to the engineering team and an AI chatbot launched for iStock customer service. ### Financial Operational Highlights - Retention for Getty Images and Unsplash Plus subscribers remains strong in the mid-90% range, with premium access subscriber retention at nearly 100%. Average order value and organic session performance improved in Q2.
Guidance
- Getty Images has chosen not to provide any financial guidance at this time, due to the ongoing process of evaluating strategic financing alternatives and balance sheet management initiatives, which may materially change the company's capital structure, liquidity profile, and financial outlook. - This decision to withhold guidance is not interpreted as a change in management's commitment to executing the company's standalone business plan, and additional updates will be provided as the process progresses.
Segment performance
Getty Images total Q2 2026 revenue was $229.1 million, down 2.5% year-over-year (reported) and 4.1% currency-neutral. Creative revenue totaled $127.4 million, accounting for 55.6% of total revenue; it fell 2.6% YoY (4.3% currency-neutral), with a 13% YoY decline in the agency segment partially offset by over 350% growth in custom content solutions and over 15% YoY growth in Unsplash Plus. Editorial revenue totaled $96.5 million, accounting for 42.1% of total revenue; it rose 9.2% YoY (7.6% currency-neutral), driven by strong demand for event coverage (including the FIFA World Cup) and archive content. Other revenue totaled $5.2 million, accounting for 2.3% of total revenue, down from $15.7 million in Q2 2025 which benefited from one-time upfront revenue from new deals. By customer segment, Getty Images brand corporate and media (the core enterprise-focused business) grew YoY and represents 75% of total revenue; the agency segment is experiencing declining revenue, and the iStock segment faces revenue declines driven by traffic headwinds; Unsplash delivered YoY growth. Annual subscription revenue represented 58.8% of total revenue, up from 53.5% in Q2 2025, growing 7.1% YoY (5.6% currency-neutral), with premium access subscriptions (over 40% of total Q2 revenue) growing 5.5% YoY (3.9% currency-neutral). Adjusted EBITDA was $62.3 million, down 8.4% YoY (10.3% currency-neutral), with an adjusted EBITDA margin of 27.2% (down from 28.9% in Q2 2025).
Risks & headwinds
- Balance sheet and liquidity risk: The company carries a challenged capital structure with $2.1 billion in total debt as of Q2 end 2026, and ended the quarter with only $51.6 million in cash. A $110.9 million judgment payment related to the ALTA and CRCM warrant litigation resulted in a large negative free cash outflow for the quarter. - Secular and AI-related headwinds: The agency segment faces ongoing secular decline driven by industry consolidation and customer shifting to internal AI content production. The iStock segment faces persistent search traffic declines driven by search engine AI adoption, which harms new customer acquisition, and generative AI competition that disproportionately impacts price-sensitive market segments. - Regulatory risk: Unfavorable regulatory requirements and outcomes were the primary driver for terminating the Shutterstock merger, and unfavorable regulatory developments for the visual content industry and AI-related activity could create additional future headwinds. - Litigation risk: The company has already faced adverse court rulings in the ALTA/CRCM warrant litigation that resulted in a large cash payment, and ongoing litigation related to AI and content licensing could create additional future costs and cash flow disruptions.