$GETY reports solid revenue growth for Q4 & FY22, optimistic about 2023.
Mar 13th 2023, 8:31 pm
Analyst Summary: Getty Images reported solid operational performance for the fourth quarter and full year ended December 31, 2022, with organic currency neutral revenue growth in each quarter underpinned by strong subscription growth, renewal rates, new customer growth, and increased consumption of content. Despite the macroeconomic headwinds and foreign exchange impacts, CEO Craig Peters is optimistic about the company's future and states that "Getty Images produced solid operational performance over 2022 and the fourth quarter." For the full year 2023, the company expects revenue growth of 3% to 5% on a currency-neutral basis, and adjusted EBITDA of $150 million to $160 million, with adjusted free cash flow of $75 million to $85 million. The Key Performance Indicators (KPIs) outlined by the company provide an understanding of the drivers of business performance, emphasizing customer satisfaction and shareholder return. Getty Images works with over 516,000 contributors and more than 310 content partners to deliver powerful and comprehensive content. Note that certain statements in the press release that are not historical facts are forward-looking statements under the Private Securities Litigation Reform Act of 1995.