Getty Images Sees Q4 Revenue In Line With Expectations, Narrows FY24 Revenue Outlook

MT Newswires Live
02-05

Getty Images (GETY) said Tuesday that it expects Q4 revenue in the range of $244 million to $250 million, compared with $225.9 million a year earlier.

Analysts polled by FactSet expect $245.5 million.

The company projects its preliminary revenue for the year ended Dec. 31 to be between $936 million and $942 million, narrowed from a prior outlook of $934 million to $943 million.

Analysts surveyed by FactSet expect $937.5 million.

The supplier of stock images also said it expects fiscal year 2024 adjusted EBITDA to be at or above the high-end of a previously provided guidance range. The company previously said it expected adjusted EBITDA of $292 million to $294 million.

Shares of the company were up 1.4% in recent trading.

Price: 2.56, Change: +0.04, Percent Change: +1.39

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