Filing Flows › Getty Images Holdings (GETY) › Q4 2024
Getty Images Holdings (GETY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 17, 2025
Getty Images Holdings (GETY) reported revenue of $247M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +3% from the quarter before. Operating margin was 14.5%, net earnings $24.4M (9.9% of revenue).
Getty Images Holdings, Q4 2024: revenue $247M (+10% year over year), operating margin 14.5%, net earnings $24.4M, operating cash flow $39.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $247M | +3% | +9% |
| Operating profit | $35.9M | -38% | -12% |
| Net earnings | $24.4M | — | -38% |
| Operating cash flow | $39.7M | +273% | +18% |
| Free cash flow | $24.6M | — | +32% |
What changed
Revenue was $247.3M in Q4 2024, up 9% year over year and up 3% from the previous quarter. Creative was the largest line at 58% of revenue.
Operating profit was $35.9M, a 14.5% margin (down 3.6 points year over year). Operating profit fell $4.9M even though revenue rose $21.4M versus a year earlier, so costs grew faster than sales. Total costs grew 14% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+93%). Net earnings were $24.4M, down 38% year over year. The effective tax rate was 50.3%. Non-operating items added $13.9M, 28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $39.7M (up 18% year over year), 161% of net earnings. Non-cash charges added back $15.1M of depreciation and $4.4M of share-based compensation. Working capital and other items used $4.5M. After acquisition of property and equipment ($15.1M), free cash flow as the company reports it was $24.6M.
Questions
What was Getty Images Holdings' revenue in the fourth quarter 2024?
Getty Images Holdings (GETY) reported revenue of $247M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +3% from the quarter before.
Was Getty Images Holdings profitable in the fourth quarter 2024?
Operating profit was $35.9M (14.5% of revenue) and net earnings $24.4M.