Getty Images Reiterates Guidance
Portfolio Pulse from Benzinga Newsdesk
Getty Images has reiterated its fiscal year 2024 guidance, expecting revenues between $928 million to $947 million, with a year-over-year growth of 1.3% to 3.3%. The adjusted EBITDA is forecasted to be around $298 million, indicating a slight decrease of approximately 1.2% from the previous year.
May 09, 2024 | 8:13 pm
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Getty Images reiterates its FY2024 guidance with revenue projections of $928M to $947M and an adjusted EBITDA of approximately $298M, showing a slight year-over-year decrease.
Reiterating guidance typically indicates stability in Getty Images' business outlook. The slight decrease in adjusted EBITDA might concern some investors, but the overall unchanged guidance suggests that any negative impact is already considered in the current valuation. The neutral score reflects the balance between positive revenue growth and a slight dip in profitability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100