Getty Images (GETY) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue was $240 million, down 0.2% year-over-year (2.0% currency neutral), with creative segment growth offset by editorial and agency declines due to tough event calendar comparisons.

• Net income for Q3 2025 was $21.6 million (9.0% margin), reversing a net loss of $2.5 million in Q3 2024, driven by higher Creative revenue and lower foreign exchange losses.

• Adjusted EBITDA was $78.7 million (32.8% margin), down 2.4% year-over-year.

• Strategic partnerships and multi-year AI content licensing deals, including with Perplexity, were signed to integrate content into AI platforms.

• The proposed merger with Shutterstock faces regulatory reviews by the UK CMA and DOJ, delaying closing to 2026 and incurring $38.3 million in related costs year-to-date.

Financial highlights

• Annual subscription revenue grew 11.2% year-over-year, now 58.4% of total revenue; Premium Access revenue grew 17% year-over-year.

• Creative revenue rose 8.4% year-over-year to $144.9 million, while editorial revenue fell 3.7% to $89.3 million.

• Other revenue dropped 58.5% to $5.8 million due to the absence of a large prior-year data licensing deal.

• Free cash flow improved to $7.9 million from negative $1.8 million in Q3 2024.

• Adjusted EBITDA margin was 32.8%, or 34.5% excluding SOX and litigation costs.

Outlook and guidance

• Full-year 2025 revenue guidance updated to $942–$951 million (0.3%–1.2% growth year-over-year); adjusted EBITDA guidance set at $291–$293 million (2.3%–3% decrease year-over-year).

• Guidance includes $8 million in one-off SG&A costs for SOX compliance and excludes merger-related costs.

• FX expected to provide a $6.5 million revenue and $3.5 million EBITDA tailwind for the year.

• Management expects cost of revenue and SG&A to increase in absolute dollars but remain relatively constant as a percentage of revenue.

• Existing cash, cash equivalents, and operating cash flow are expected to be sufficient for liquidity needs for at least the next 12 months.