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Getty Images Holdings, Inc. (NYSE: GETY) is a global leader in visual content creation and marketplace services, offering high-quality photos, illustrations, videos, and music licensing solutions to businesses, media organizations, and individuals worldwide. The company provides access to an extensive library of visual assets through a la carte and subscription-based models, along with custom content, digital asset management tools, and generative AI services. Getty Images operates through its Getty Images, iStock, and Unsplash brands, serving nearly 720,000 purchasing customers globally and covering over 160,000 events annually.
- Creative - Offers royalty-free photos, illustrations, vectors, videos, and generative AI services for commercial use.
- Editorial - Provides photos and videos related to entertainment, sports, and news, supported by one of the largest privately held photographic archives globally.
- Other - Includes music licensing, digital asset management, distribution services, print sales, and data licensing.
Name | Position | External Roles | Short Bio | |
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Craig Peters ExecutiveBoard | Chief Executive Officer | Craig Peters has served as the CEO of Getty Images since 2019, overseeing the organization’s Getty Images, iStock, and Unsplash brands. He joined Getty Images in 2007 and held various leadership roles including Chief Operating Officer; previously, he contributed at companies such as WireImage, FOX Sports Interactive, and PGA TOUR. | View Report → | |
Ken Mainardis ExecutiveBoard | Senior Vice President, Editorial | Board Member, News Media Coalition | Ken Mainardis is the Senior Vice President, Editorial at Getty Images since 2017. He has built a distinguished career at Getty Images holding previous roles such as Senior Vice President, Global Content and now serves as a board member of the News Media Coalition. | |
Chris Hoel Executive | Vice President, Finance and Chief Accounting Officer | Chris Hoel has served as Vice President, Finance and Chief Accounting Officer at Getty Images since April 2014, following previous roles including Director, Senior Director, and Vice President at Getty Images, as well as positions at Fisher Communications and Xcyte Therapies. | ||
Daine Weston Executive | Senior Vice President, Ecommerce | Daine Weston is the Senior Vice President, Ecommerce at Getty Images since May 2023. Previously, he held roles including Vice President, Digital Marketing & Demand Generation and Head of Getty Images EMEA Digital Marketing Team, bringing over 15 years of digital marketing and e-commerce experience. | ||
Gene Foca Executive | Senior Vice President, Chief Marketing and Revenue Officer | Gene Foca, with over 20 years of experience in marketing, ecommerce, and digital strategy, serves as the Senior Vice President, Chief Marketing and Revenue Officer at GETY since May 1, 2023. Previously, he served as the Senior Vice President, Chief Marketing Officer from 2017. | ||
Grant Farhall Executive | Senior Vice President, Chief Product Officer | Grant Farhall has been the Senior Vice President, Chief Product Officer at Getty Images since 2020, and previously served as Vice President of E-Commerce (2019-2020) and General Manager of iStock (2017-2019). | ||
Jennifer Leyden Executive | Chief Financial Officer (CFO) | Jennifer Leyden is the Chief Financial Officer (CFO) of Getty Images Holdings, Inc. since January 2022 and has previously served as Senior Vice President of Investor Relations and Finance in 2021 as well as Vice President, Financial Planning and Analysis since February 2019. | ||
Kjelti Kellough Executive | Senior Vice President, General Counsel, and Corporate Secretary | Kjelti Kellough has been serving as the Senior Vice President, General Counsel, and Corporate Secretary at GETY since 2019, and previously held the role of Vice President, Corporate Counsel from 2012 to 2019. | ||
Lizanne Vaughan Executive | Senior Vice President, Chief People Officer | Lizanne Vaughan has served as Senior Vice President, Chief People Officer at Getty Images since 2019, overseeing all aspects of the global workforce. Previously, she held the role of Vice President, Corporate Counsel from 2012 to 2019, managing legal and employment compliance. | ||
Michael Teaster Executive | Senior Vice President, Chief of Staff | Michael Teaster is the Senior Vice President, Chief of Staff at Getty Images since September 2022, and has previously served as Senior Vice President of Business Operations (2017-2019) and Senior Vice President of Global Sales (2008-2017) with over 30 years of industry experience. | ||
Mikael Cho Executive | Senior Vice President and CEO, Unsplash | Mikael Cho has served as Senior Vice President and CEO of Unsplash, a subsidiary of Getty Images, since 2013. He previously held leadership roles at Crew, Uber Foundry, and WHYNOTBLUE Digital Agency. | ||
Nate Gandert Executive | Senior Vice President, Chief Technology Officer | Nate Gandert has served as Senior Vice President, Chief Technology Officer at Getty Images since 2016, leading the company’s technology strategy including data, AI, and machine learning initiatives. He brings over 25 years of industry experience from the e-commerce and media sectors and has held multiple leadership roles at Getty Images. | ||
Peter Orlowsky Executive | Senior Vice President, Strategic Development | Peter Orlowsky has served as Senior Vice President, Strategic Development at Getty Images since 2017 and has been with the company for over 20 years, holding key roles such as Vice President and Senior Director focused on business development and sales. | ||
Brett Watson Board | Member of the Getty Images Board of Directors | President of Koch Equity Development LLC | Brett Watson has served on Getty Images' Board of Directors since February 2019. He is an experienced corporate governance expert with a proven record in financial management, and he currently holds the external role of President of Koch Equity Development LLC since December 2020. | |
Chinh Chu Board | Director (Class II) | Board Member at Dun & Bradstreet; Chairman of the Board of Directors at E2open Holdings, LLC | Chinh Chu has over 30 years of experience in investment and corporate leadership, currently serving as a Director (Class II) and member of the Compensation Committee at GETY since the closing date of the business combination. He has held several executive positions at other companies, including CEO roles at CCNB and serving as Chairman at E2open Holdings. | |
Hilary Schneider Board | Board of Directors Member | Strategic Advisor at Shutterfly; Board Member at Vail Resorts; Board Member at Digital Ocean; Board Member at water.org | Hilary Schneider has been serving on the Getty Images Board of Directors since 2020 and as the Chair of the Audit Committee. She brings extensive media and leadership experience from prior roles at Shutterfly, Wag!, and LifeLock. | |
James Quella Board | Director | Director at Dun & Bradstreet Corporation | James Quella is a seasoned board member with extensive financial expertise and corporate governance experience, serving as a Director and Audit Committee member at Getty Images since July 2022. Previously, he held leadership roles including serving as a Director at Dun & Bradstreet Corporation starting in April 2019. | |
Jeffrey Titterton Board | Director | Chief Marketing Officer at Stripe, Inc. | Jeffrey Titterton has served as a Director at Getty Images since November 2022. He is currently the Chief Marketing Officer at Stripe, Inc., with extensive experience from previous roles at Zendesk, Adobe, and 99designs. | |
Mark Getty Board | Chair of the Board of Directors | Chair of Trustees of the British School in Rome | Mark Getty co-founded Getty Images in March 1995 and served as Executive Chair until 2005 before transitioning to a non-executive director from 2005 to 2018. In 2018, he resumed his leadership role as Chair of the Board of Directors at GETY. | |
Michael Harris Board | Director | Managing Director at Koch Equity Development; Board Observer at Infor | Michael Harris has served as a Director on Getty Images' Board of Directors since February 2019 and is the Chair of the Nominating and Corporate Governance Committee. With a strong background in finance and technology, he has contributed in leadership roles at Koch Equity Development, Bank of America Merrill Lynch, and Orbital Sciences Corporation. | |
Patrick Maxwell Board | Member of the Board of Directors | Getty Capital Limited; &Beyond; Tara Getty Foundation; Sutton Place Foundation; The Africa Foundation Trust | Patrick Maxwell has served as a board member at Getty Images since October 2012 and is an active member of the Nominating and Corporate Governance Committee. He brings extensive private equity experience dating back to 1991, contributing his investment expertise to both Getty Images and various affiliated organizations. | |
Tracy Knox Board | Director on the Board of Directors | Board Member at Babylist; Board Member at Pet Partners | Tracy Knox is a seasoned financial leader who joined GETY as a director on April 10, 2024, and later became Chair of the Audit Committee on June 12, 2024. Previously, she held executive roles as CFO at companies such as Rover Group, Rightside, A Place for Mom, UIEvolution, and drugstore.com, showcasing her strong financial acumen. |
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Given that adjusted EBITDA margin decreased from 35% in Q3 2023 to 33.5% in Q3 2024 , what factors are contributing to this margin compression, and how do you plan to address them moving forward?
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Free cash flow showed a deficit of $1.8 million in Q3 2024 compared to $12.8 million generated in Q3 2023. Can you explain the reasons behind this decline and what measures are you taking to improve cash flow generation?
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With net leverage remaining at 4.2x and annual cash interest expense estimated at $129 million , how are you addressing the high debt levels and interest burden, and what are your plans for deleveraging the balance sheet?
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Creative revenue declined by 7.9% year-over-year to $133.7 million in Q3 2024. Can you provide more insight into the factors driving this decrease and what initiatives are in place to return the Creative segment to growth?
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Your annual subscription revenue retention rate decreased from 94.5% in LTM Q3 2023 to 92.2% in LTM Q3 2024, primarily due to lower retention among smaller e-commerce subscribers. What steps are you taking to improve retention within this customer segment and stabilize the overall retention rate?
Competitors mentioned in the company's latest 10K filing.
Company | Description |
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Believed to be one of the principal competitors for creative content in the digital content market. | |
Identified as a principal competitor for creative content in the digital content market. | |
Associated Press | Listed as a principal competitor for editorial content in the digital content market. |
Reuters | Recognized as a principal competitor for editorial content in the digital content market. |
AFP | Included in the list of competitive businesses in the image licensing or distribution sector. |
Corbis | Included in the list of competitive businesses in the image licensing or distribution sector. |
Dreamstime | Included in the list of competitive businesses in the image licensing or distribution sector. |
Silverhub | Included in the list of competitive businesses in the image licensing or distribution sector. |
British Sky Broadcasting | Listed as a competitive business, but restrictions apply only to roles related to its image licensing or distribution business. |
dpa (German Press Agency) | Listed as a competitive business, but restrictions apply only to roles related to its image licensing or distribution business. |
Listed as a competitive business, but restrictions apply only to roles related to its image licensing or distribution business. | |
Listed as a competitive business, but restrictions apply only to roles related to its image licensing or distribution business. | |
Listed as a competitive business, but restrictions apply only to roles related to its image licensing or distribution business. | |
Listed as a competitive business, but restrictions apply only to roles related to its image licensing or distribution business. | |
Yahoo | Listed as a competitive business, but restrictions apply only to roles related to its image licensing or distribution business. |
Notable M&A activity and strategic investments in the past 3 years.
Company | Year | Details |
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Shutterstock, Inc. | 2025 | Planned merger of equals between Shutterstock and Getty Images under a definitive agreement, offering shareholders cash, stock, or a mixed option and resulting in a combined company valued at over $2.2 billion with expected annual cost synergies of $150–200 million by year three. |
Motorsport Images LLC (via Motorsport.com, Inc.) | 2024 | Completed acquisition by Getty Images on April 1, 2024 for approximately $19.98 million through a combination of $15.1 million in cash and 1.2 million shares of Class A common stock, enhancing its motorsports content portfolio with over 300,000 additional images. |
Griffey Global Holdings, Inc. | 2022 | Completed business combination executed on July 22, 2022, where Getty Images issued Class A common shares and forward purchase warrants to raise approximately $865 million in gross proceeds, primarily to repay debt and restructure the company through a reverse recapitalization. |
Recent press releases and 8-K filings for GETY.
- Getty Images and Shutterstock have received a Second Request from the U.S. Department of Justice for further information and documents related to their proposed merger, extending the HSR Act waiting period.
- Both companies are working cooperatively with U.S. and non-U.S. regulators and expect the merger to close in the second half of 2025.
- Q4 revenue reached $247.3 million, marking a 9.5% year-over-year growth with adjusted EBITDA of $80.6 million, reflecting solid financial momentum.
- For the full year, revenue totaled $939.3 million with an adjusted EBITDA margin of approximately 32%, showcasing stability amid event-driven content performance.
- The company successfully refinanced $1 billion of term loans, extending maturities to 2030, and achieved a net leverage reduction to 3.97x, a significant milestone in balance sheet management.
- Getty Images also highlighted progress on its transformational merger with Shutterstock, although detailed operational updates remain subject to regulatory review.
- Q4 revenue reached $247.3 million, up 9.5% YoY with a currency neutral growth of 8.5%.
- Net income for Q4 was $24.7 million with an Adjusted EBITDA of $80.6 million, reflecting a 11.7% YoY increase but a reduced net margin of 10.0% compared to 17.3% in Q4 2023.
- For the full year 2024, revenue grew 2.5% to $939.3 million with annual subscriber revenue representing 53.8% of total revenue, underlining the company’s focus on subscription-based growth.
- The report also highlights a strategic focus on core asset investments and improved liquidity metrics, with refinancing efforts contributing to a lower net leverage.