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Update: Getty Images Sees Q4 Revenue In Line With Expectations, Narrows FY24 Revenue Outlook
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Update: Getty Images Sees Q4 Revenue In Line With Expectations, Narrows FY24 Revenue Outlook
Feb 4, 2025 12:16 PM

02:49 PM EST, 02/04/2025 (MT Newswires) -- (Updating with details on loan facility refinancing in the sixth paragraph.)

Getty Images ( GETY ) said Tuesday that it expects Q4 revenue in the range of $244 million to $250 million, compared with $225.9 million a year earlier.

Analysts polled by FactSet expect $245.5 million.

The company projects its preliminary revenue for the year ended Dec. 31 to be between $936 million and $942 million, narrowed from a prior outlook of $934 million to $943 million.

Analysts surveyed by FactSet expect $937.5 million.

The supplier of stock images also said it expects fiscal year 2024 adjusted EBITDA to be at or above the high-end of a previously provided guidance range. The company previously said it expected adjusted EBITDA of $292 million to $294 million.

Getty Images ( GETY ) said it plans to refinance its senior term loan facilities coming due in February 2026 and replace those liabilities with new term loans maturing at a later date that provided $1.05 billion in total borrowing.

Shares of the company were up 1.2% in recent trading.

Price: 2.55, Change: +0.03, Percent Change: +1.19

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