--- title: "Getty Images | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 226.57 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286031724.md" datetime: "2026-05-12T03:59:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286031724.md) - [en](https://longbridge.com/en/news/286031724.md) - [zh-HK](https://longbridge.com/zh-HK/news/286031724.md) --- # Getty Images | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 226.57 M Revenue: As of FY2026 Q1, the actual value is USD 226.57 M, missing the estimate of USD 238.81 M. EPS: As of FY2026 Q1, the actual value is USD -0.01. EBIT: As of FY2026 Q1, the actual value is USD 85.73 M. #### Operational Metrics - **Net Loss**: Getty Images Holdings, Inc. reported a Net Loss of -$4.4 million for Q1 2026, which is a significant improvement compared to a Net Loss of -$102.6 million in Q1 2025, primarily due to a $62.0 million decrease in tax expense, a $39.9 million improvement in foreign exchange gain, an $8.1 million increase in other non-operating income, a $5.5 million decrease in loss on extinguishment of debt, and a $4.2 million increase in income from operations (partially due to a $14.8 million decrease in merger-related expenses), offset by a $21.5 million increase in interest expense. - **Net Loss Margin**: The Net Loss Margin for Q1 2026 was -2.0%, compared to -45.8% in Q1 2025. - **Adjusted Net Loss (Non-GAAP)**: Adjusted Net Loss (Non-GAAP) was -$6.5 million, compared to -$58.3 million in the prior year. - **Adjusted EBITDA (Non-GAAP)**: Adjusted EBITDA (Non-GAAP) was $61.6 million, representing a decrease of 12.2% year over year and 15.2% on a currency neutral basis. - **Adjusted EBITDA Margin (Non-GAAP)**: The Adjusted EBITDA Margin (Non-GAAP) was 27.2% for Q1 2026, compared to 31.3% in the prior year period, mainly due to higher cost of revenue from revenue mix and revenue recognition impacts, and increased costs for Winter Olympics coverage. - **Income from Operations**: Income from Operations for Q1 2026 was $31,555 thousand, an increase from $27,342 thousand in Q1 2025. - **Total Operating Expenses**: Total Operating Expenses were $195,019 thousand for Q1 2026, a decrease from $196,735 thousand in Q1 2025. #### Cash Flow - **Net Cash Provided by Operating Activities**: Net Cash Provided by Operating Activities was $40.0 million in Q1 2026, compared to $15.4 million in the prior year period. - **Free Cash Flow (Non-GAAP)**: Free Cash Flow (Non-GAAP) was $24.0 million in Q1 2026, compared to -$0.3 million in the prior year period, driven by a decrease in cash interest expense, merger cost outflows, and changes in working capital. - **Adjusted EBITDA less Capex (Non-GAAP)**: Adjusted EBITDA less Capex (Non-GAAP) was $45.5 million, down 16.3% year over year and 19.4% on a currency neutral basis. #### Liquidity and Balance Sheet - **Ending Cash Balance**: The Ending Cash Balance was $96.6 million as of March 31, 2026, an increase of $6.5 million from December 31, 2025, but a decrease of $18.0 million from March 31, 2025. - **Total Debt**: Total Debt amounted to $2.0 billion, which includes $1.2 billion in Senior Secured Notes, a Term Loan balance of $521.0 million, and $300.0 million of Senior Unsecured Notes. - **Available Revolving Credit Facility**: The Available Revolving Credit Facility was $150.0 million, which remained undrawn as of March 31, 2026. - **Total Available Liquidity**: Total Available Liquidity was $246.6 million. - **Post-Period Event**: On April 23, 2026, Getty Images Holdings, Inc. paid $110.9 million for a judgment and associated interest related to warrant litigation, funded in part by drawing $120.0 million from its revolving credit facility on April 22, 2026. - **Insurance Recovery Receivable**: Insurance Recovery Receivable was $33.7 million as of March 31, 2026, with $30.0 million received from insurance carriers subsequent to March 31, 2026. #### Key Performance Indicators (LTM Ended March 31, 2026) - **Total Purchasing Customers**: Total Purchasing Customers were 675 thousand, a decrease of 4.7% from 708 thousand in 2025. - **Total Active Annual Subscribers**: Total Active Annual Subscribers were 258 thousand, a decrease of 18.9% from 318 thousand in 2025. - **Paid Download Volume**: Paid Download Volume was 92 million, a decrease of 0.7% from 93 million in 2025. - **Annual Subscriber Revenue Retention Rate**: The Annual Subscriber Revenue Retention Rate was 90.0%, a decrease of 270 basis points from 92.7% in 2025. - **Image Collection**: The Image Collection grew to 616 million, an increase of 5.8% from 582 million in 2025. - **Video Collection**: The Video Collection increased to 37 million, an increase of 11.3% from 34 million in 2025. - **Video Attachment Rate**: The Video Attachment Rate was 15.4%, a decrease of 130 basis points from 16.7% in 2025. #### Outlook / Guidance (Full Year 2026) Getty Images Holdings, Inc. maintains its full-year 2026 revenue and adjusted EBITDA guidance. The company projects revenue to range from $948 million to $988 million, representing a year-over-year change of -3.4% to 0.6%, or 0.7% to 4.9% on a normalized basis. Adjusted EBITDA is forecast to be between $279 million and $295 million, indicating a year-over-year change of -12.9% to -8.1%. ### Related Stocks - [GETY.US](https://longbridge.com/en/quote/GETY.US.md) ## Related News & Research - [Getty Images misses Q1 revenue estimates, maintains 2026 revenue forecast](https://longbridge.com/en/news/285990556.md) - [Getty Images forecasts $948M-$988M 2026 revenue while awaiting UK CMA merger decision in June](https://longbridge.com/en/news/286010190.md) - [Electro-Sensors GAAP EPS of -$0.03, revenue of $2.6M](https://longbridge.com/en/news/286518577.md) - [Getty Images (GETY) To Report Earnings Tomorrow: Here Is What To Expect](https://longbridge.com/en/news/285827297.md) - [Crombie Reit Announces May 2026 Monthly Distribution | CROMF Stock News](https://longbridge.com/en/news/286603129.md)