Getty Images Holdings Stock Earnings Reports

Getty Images reported Q1 2026 revenue of $226.6M (up 1.1% reported; down 2.5% currency-neutral). Adjusted EBITDA was $61.6M, down year-over-year due to higher cost of revenue (mix and timing) and elevated Winter Olympics coverage costs; adjusted EBITDA margin was 27.2% (vs. 31.3% prior year). Creative revenue declined (impacted by agency weakness, iStock traffic/affiliate changes and a deliberate shift toward higher-quality exclusive iStock content), while editorial grew strongly (+11%) driven by Olympics and archive demand. Corporate and subscription revenues remain growth drivers; annual subscription revenue represented 57.4% of total revenue with a 90% annual subscription retention rate (Q1 LTM). Getty discontinued the iStock free trial acquisition program in June 2025 to improve subscriber economics; active annual subscribers declined as a result, and impacts are expected to linger through Q3. The company finished Q1 with $96.6M cash and total debt of $1.99B; it drew $120M on the revolver in April to satisfy a court judgment (net ~ $80M after insurance). Free cash flow improved to $24M (vs. -$0.3M prior year). Management reiterated full-year guidance: revenue $948M–$988M and adjusted EBITDA $279M–$295M, with adjusted EBITDA margin target of about 30%; they noted 2026 comparisons are affected by accelerated revenue recognized in Q4 2025. The proposed merger with Shutterstock is cleared in all jurisdictions except the U.K.; Getty expects the UK CMA decision in June and continues to engage on potential remedies. Management emphasized durable core fundamentals (content quality, marquee event coverage, archive) and selective AI/content licensing and integrations, while right-sizing resources supporting the declining agency segment.