Getty Images Intrinsic Stock Value – GETTY IMAGES Reports Second Quarter Earnings for FY2023 on June 30th
August 27, 2023
🌥️Earnings Overview
GETTY IMAGES ($NYSE:GETY) announced its second quarter of FY2023 earnings results on June 30 2023, totaling USD 225.7 million in revenue, compared to 0.0 million from the same period of the prior year. Net income for the quarter decreased to USD -4.1 million from 31.7 million in the same quarter of the previous year.
Market Price
The stock opened at $4.6 and closed at the same price, representing a decrease of 3.4% from its previous closing price of 4.7. Other segments such as digital licensing and subscription were also up 7% and 4%, respectively, compared to the same period in FY2022. Overall, GETTY IMAGES delivered strong results in the second quarter of FY2023, with healthy top and bottom-line growth despite recent market volatility. The company remains optimistic about the future and is looking forward to continued growth in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Getty Images. More…
| Total Revenues | Net Income | Net Margin |
| 1.39k | -197.57 | 4.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Getty Images. More…
| Operations | Investing | Financing |
| 237.48 | -61.29 | -209.22 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Getty Images. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.47k | 1.85k | 1.42 |
Key Ratios Snapshot
Some of the financial key ratios for Getty Images are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 11.2% |
| FCF Margin | ROE | ROA |
| 10.7% | 17.0% | 3.9% |
Analysis – Getty Images Intrinsic Stock Value
Recently, we at GoodWhale have conducted an analysis of GETTY IMAGES‘s wellbeing. After a thorough review of their financial metrics, we believe that the fair value of GETTY IMAGES’s shares is around $7.3, as calculated by our proprietary Valuation Line. This implies that GETTY IMAGES is currently trading at $4.6, which is undervalued by 36.6%. This presents an excellent opportunity for investors to pick up the stock at a discount rate and benefit from the expected appreciation in its price. More…
Peers
The competition between Getty Images Holdings Inc and its competitors, Outbrain Inc, JOYY Inc, and Brave Bison Group PLC, is fierce. All four companies are committed to providing excellent digital and visual services, ranging from content creation and distribution to online video production and advertising services. Each company is striving to stay ahead of the competition by offering their customers the best possible services.
– Outbrain Inc ($NASDAQ:OB)
Outbrain Inc is an advertising technology company that specializes in amplifying native and content-driven marketing campaigns. As of 2023, Outbrain Inc has a market cap of 225.12M, which reflects the company’s overall financial health and performance. Its return on equity (ROE) of -3.09% indicates that the company has been unable to generate profits for its investors. The negative ROE indicates that Outbrain Inc is not as efficiently managing its assets as other companies in its sector, but with its focus on content marketing, it may be able to change this figure over time.
– JOYY Inc ($NASDAQ:YY)
JOYY Inc is a global entertainment and lifestyle company that operates a portfolio of media and video-sharing platforms. It has an extensive network of mobile and web applications distributed across its three major brands, namely YY, Bigo Live and HUYA. As of 2023, the company has a market cap of 2.11 billion dollars, making it one of the largest entertainment companies in the world. Additionally, JOYY has a return on equity (ROE) of 7.54%, signifying its strong financial fundamentals, and demonstrating to investors that the company is able to generate returns on its equity investments.
– Brave Bison Group PLC ($LSE:BBSN)
Brave Bison Group PLC is a social media company that operates several channels and platforms, including YouTube, TikTok, and Twitter. It has a market capitalization of 37.01M, which is an indicator of its success in the market. Brave Bison Group PLC has also generated an impressive return on equity (ROE) of 10.86%, indicating that the company is extremely efficient in using its equity to generate profits. This is a positive sign for investors who are looking for companies with good financial health.
Summary
Getty Images has had a tough quarter financially, reporting total revenue of USD 225.7 million and a net income of USD -4.1 million. This is a significant decrease from the same period last year, where total revenue was 0.0 million and net income was reported at 31.7 million. The stock price also dropped on the same day, likely as a result of the financial results. Investors should consider the long-term outlook of Getty Images before investing, as well as any potential risks associated with the company’s financial performance.
Additionally, investors may want to review management’s strategy for improving the company’s financial results going forward.
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