Getty Images Reports Second Quarter 2026 Results

• Annual Subscription Revenue Grew to 58.8% of Q2 Total Revenue
• Enterprise Strength Through Getty Images Continues Despite Agency and iStock Headwinds

New York-August 10, 2026: Getty Images Holdings, Inc. ("Getty Images" or the "Company") (NYSE: GETY), a preeminent global visual content creator and marketplace, today reported financial results for the second quarter ended June 30, 2026."Our second quarter results reflected continued pressure in Agency and iStock e-commerce, while the larger parts of our business serving enterprise customers continued to demonstrate resilience and growth," said Craig Peters, Chief Executive Officer of Getty Images. "We are focused on building on Getty Images' strengths; trusted content, deep customer relationships, unique coverage and an unparalleled archive as we work to optimize our capital structure and support long-term growth as a standalone company."Second Quarter 2026 Financial Summary:
- Revenue of $229.1 million in Q2'26, a decrease of 2.5% year over year and 4.1% on a currency neutral basis.

• Creative revenue of $127.4 million, down 2.6% year over year and 4.3% on a currency neutral basis.
• Editorial revenue of $96.5 million, up 9.2% year over year and 7.6% on a currency neutral basis.
• Other revenue of $5.2 million, down $10.5 million from $15.7 million in Q2'25.
• Annual Subscription Revenue grew to 58.8% of total revenue, up from 53.5% in Q2'25.

- Net loss of $85.8 million in Q2'26, compared to a Net loss of $34.4 million in Q2'25. Primary drivers of the year-on-year increase include:

• $96.7 million increase in tax expense primarily due to a change in valuation allowance, significantly larger book loss in the second quarter 2025, and non-deductible interest,
• $61.0 million improvement in foreign exchange gain primarily due to revaluation of the Euro Term Loan,
• $20.8 million increase in interest expense primarily due to the higher rates following the 2025 refinancing transactions and the incremental debt raised in 2025 in anticipation of the recently terminated merger,
• $8.3 million increase in Other non-operating income driven by interest income earned on merger-related funds held in escrow, and
• $3.2 million decrease in income from operations.

- Net loss margin for Q2'26 was 37.4% compared to net loss margin of 14.6% in Q2'25.

- On a non-GAAP basis, adjusted net loss* was $20.9 million in Q2'26, compared to $19.1 million adjusted net income* in the prior year period.

- Adjusted EBITDA* was $62.3 million for Q2'26, down 8.4% year over year and 10.3% on a currency neutral basis, primarily reflecting lower revenue and higher cost of revenue, which more than offset the lower SGA expense.

- Adjusted EBITDA margin* was 27.2% for Q2'26 compared to 28.9% in the prior year period.

- Adjusted EBITDA less capex* was $48.4 million, down 6.6% year over year and 9.5% on a currency neutral basis.

Liquidity and Balance Sheet:
- Net cash used in operating activities was $108.7 million in Q2'26, compared to net cash provided by operating activities of $6.5 million in the prior year period.

- Free cash flow* was $(122.6) million in Q2'26, compared to $(9.6) million in the prior year period, with the decline primarily driven by payments totaling $110.9 million related to the Alta and CRCM warrant litigation judgment and associated interest, a $62.9 million increase in cash interest paid, including $37.4 million of interest on the 10.5% Senior Secured Notes tied to the financing of the proposed merger with Shutterstock, partially offset by $31.5 million of insurance proceeds related to the warrant litigation.

- Ending cash balance was $51.6 million as of June 30, 2026, down $38.6 million from December 31, 2025 and down $58.7 million from June 30, 2025. The Company had $30.0 million at quarter end available through its revolving credit facility, for total available liquidity of $81.6 million. In July 2026, the Company drew the remaining $30.0 million available under the facility.

- Total debt was $2.1 billion as of June 30, 2026, which included $1.2 billion in Senior Secured Notes; Term Loan balance of $510.6 million, consisting of $40.1 million in USD and $470.5 million in USD equivalent of Euros, converted using exchange rates as of June 30, 2026; $270.0 million of Senior Unsecured Notes; and $120.0 million borrowed on April 23, 2026 under the revolving credit facility in part to pay the judgment and associated interest related to the Alta and CRCM warrant litigation.

- Following termination of the Merger Agreement in July 2026, the $628.4 million of 10.5% Senior Secured Notes were redeemed at par in accordance with a special mandatory redemption pursuant to the indenture, with the redemption funded by amounts released from escrow.

- As of June 30, 2026 the Company had $2.2 million of insurance recovery receivable related to the warrant litigation, representing receivables from third-party insurance carriers for these legal claims.

Management is actively assessing plans intended to improve liquidity, and as previously disclosed, has engaged Guggenheim Securities, LLC to serve as financial advisor in connection with the Company's evaluation of strategic financing alternatives and balance sheet management initiatives.

* Non-GAAP net income (loss), adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA less capex, and free cash flow are non-GAAP financial measures. Refer to the "Non-GAAP Financial Measures" section below for reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures.