Quarterly ResultAug 10, 2026, 04:09 PM
Getty Images Q2 Net Loss $85.8M; Revenue $229.1M; Merger Terminated
AI Summary
Getty Images reported a Q2 2026 net loss of $85.8 million on revenue of $229.1 million, a 2.5% decrease year-over-year. Annual subscription revenue grew to 58.8% of total revenue, indicating some underlying strength. The company also announced the termination of its merger agreement with Shutterstock, which led to the redemption of $628.4 million in Senior Secured Notes. Liquidity remains a concern, with net cash used in operating activities at $108.7 million and total debt at $2.1 billion, prompting the company to withdraw financial guidance and explore strategic financing alternatives.
Key Highlights
- Q2 2026 Revenue: $229.1 million, a 2.5% decrease year-over-year.
- Q2 2026 Net Loss: $85.8 million, compared to $34.4 million net loss in Q2 2025.
- Annual Subscription Revenue: Grew to 58.8% of total Q2 revenue, up from 53.5% in Q2 2025.
- Adjusted EBITDA: $62.3 million, down 8.4% year-over-year.
- Net Cash Used in Operating Activities: $108.7 million in Q2 2026.
- Total Debt: $2.1 billion as of June 30, 2026.
- Merger Agreement with Shutterstock: Terminated on July 7, 2026.
- Financial Guidance: Withdrawn due to evaluation of strategic financing alternatives.
Price Impact
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