GETY Getty Images, Inc.
Price Chart
Executive Summary
Getty Images reported Q1 2026 revenue of $226.6M (+1.1% YoY), slightly below consensus of $238.8M, and a GAAP net loss of $4.4M ($-0.01 EPS) vs. a $102.6M loss in Q1 2025. The headline EPS of $-0.22 missed the $0.00 consensus by a wide margin, but this includes large non-cash items; adjusted EBITDA fell 12.2% to $61.6M. The company maintained full-year 2026 guidance of $948M-$988M revenue and $279M-$295M adjusted EBITDA, but the CMA merger review extension and a $110.9M warrant litigation payment add overhang.
Key Financial Metrics
Actionable Insight
The revenue miss and wide EPS miss are bearish, but the maintained full-year guidance and improved free cash flow provide a floor. The CMA Phase 2 extension to June 14 is the key catalyst — a negative ruling could kill the Shutterstock merger, while clearance would remove a major overhang. Monitor the CMA final decision and Q2 trends in creative revenue.
Key Facts
- Q1 2026 revenue $226.6M (+1.1% YoY, -2.5% currency neutral) vs. consensus $238.8M — a miss of ~5.1%
- GAAP EPS $-0.22 vs. consensus $0.00 — a 6177% miss (driven by non-cash items, but headline miss is severe)
- Adjusted EBITDA $61.6M, down 12.2% YoY; margin compressed to 27.2% from 31.3%
- Creative revenue declined 4.5% YoY; Editorial grew 11.0%
- Annual subscription revenue rose to 57.4% of total, up from 57.2%
- Full-year 2026 guidance maintained: revenue $948M-$988M, adjusted EBITDA $279M-$295M
- Paid $110.9M in warrant litigation judgment on April 23, 2026; drew $120M from revolver
- CMA Phase 2 review extended to June 14, 2026; merger with Shutterstock still expected to close in 2026
- Free cash flow improved to $24.0M from -$0.3M YoY
- Total debt $2.0B; available liquidity $246.6M
Financial Impact
Revenue miss of ~$12.2M vs consensus; adjusted EBITDA down 12.2% YoY; $110.9M litigation payment drawn from revolver
Risk Factors
- CMA Phase 2 review could block or impose onerous conditions on Shutterstock merger
- Creative revenue decline accelerating (-4.5% YoY) signals structural headwinds
- High debt load ($2.0B) with rising interest expense ($54.2M in Q1, up 66% YoY)
- Warrant litigation overhang persists despite $110.9M payment
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292343 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 15, 2026
5d ago
|
425
| — | awaiting T+5 | — | — |
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May 15, 2026
5d ago
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8-K
| $0.7154 awaiting T+5 | awaiting T+5 | — | $0.9987 (+39.60%) |
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May 11, 2026
9d ago
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Press Release
| $0.7580 $0.9620 | ▼ −26.91% | ▼ −26.84% | $0.9987 (−31.75%) |
|
Apr 27, 2026
23d ago
|
10-K/A
| $0.8730 $0.7610 | ▼ −12.83% | ▼ −14.52% | $0.9987 (+14.40%) |
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Apr 22, 2026
28d ago
|
Press Release
| $0.9200 $0.8260 | ▲ +10.22% | ▲ +11.70% | $0.9987 (−8.55%) |
|
Apr 17, 2026
4w ago
|
8-K
| $0.9120 $0.8930 | ▲ +2.08% | ▲ +2.64% | $0.9987 (−9.51%) |
|
Apr 8, 2026
6w ago
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Press Release
| $0.8450 $0.9260 | ▼ −9.59% | ▼ −6.07% | $0.9987 (−18.19%) |
|
Mar 25, 2026
8w ago
|
Insider Cluster
| $0.7710 $0.7720 | ▼ −0.13% | ▼ −0.37% | $0.9987 (−29.53%) |
|
Mar 16, 2026
9w ago
|
Press Release
| $0.8520 $0.7760 | ▼ −8.92% | ▼ −6.27% | $0.9987 (+17.22%) |
US Market Status
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