Getty Images Reports First Quarter 2024 Results
NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. “Getty Images” or the “Company”) (NYSE: GETY), a preeminent global visual content creator and marketplace, today reported financial results for the first quarter ended March 31, 2024.
- NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. “Getty Images” or the “Company”) (NYSE: GETY), a preeminent global visual content creator and marketplace, today reported financial results for the first quarter ended March 31, 2024.
- “We were pleased to deliver healthy performance across most of our key business metrics, including our sixth consecutive quarter of robust growth in Active Annual Subscribers, all while navigating through what we expected to be the most challenging quarter of 2024,” said Craig Peters, Chief Executive Officer for Getty Images.
- We are confident in our ability to return to topline growth in 2024 as our headwinds turn to tailwinds.”
First Quarter 2024 Financial Summary:
Revenue for the period was $222.3 million, a decrease of 5.7% year-over-year on both a reported and currency neutral basis. - Ending cash balance on March 31, 2024 was $134.2 million, down $2.4 million from the ending balance on December 31, 2023 and up $17.4 million from March 31, 2023.