03:30 PM EDT, 03/17/2026 (MT Newswires) -- Getty Images' ( GETY ) Q4 revenue was driven in large part by accelerated recognition of its AI licensing deals, including a recent agreement with Perplexity, Wedbush Securities said Tuesday.

The brokerage said these one-time licensing contributions are expected to normalize going into 2026.

Getty reported Q4 revenue of $282 million, up 14% year over year. About $40 million of the revenue was tied to upfront AI licensing deals, according to the note. Adjusted EBITDA came in at $104 million, which likely benefited from the high-margin nature of those agreements.

The company guided for 2026 revenue of $948 million to $988 million and adjusted EBITDA of $279 million to $295 million. Wedbush said it implies a more normalized top-line after the one-time licensing impact.

The investment firm said the merger with Shutterstock ( SSTK ) remains the primary focus for investors, with the Department of Justice's review extension not materially changing the likelihood of a positive outcome.

Wedbush maintained an outperform rating on Getty with a $7 price target.

Shares of Getty rose more than 14% in Tuesday trading.

Price: 0.87, Change: +0.11, Percent Change: +14.14