Getty Images Intrinsic Value Calculator – GETTY IMAGES Reports Substantial Increase in Revenue for Q2 2023, Totaling USD 225.7 Million
August 19, 2023
☀️Earnings Overview
GETTY IMAGES ($NYSE:GETY) reported total revenue of USD 225.7 million at the conclusion of the second quarter of fiscal year 2023 on June 30, 2023, a dramatic rise from the 0.0 million earned in the same quarter a year prior. Unfortunately, net income was reported at USD -4.1 million, which is a drastic decline from the USD 31.7 million earned in the same quarter of the preceding year.
Market Price
On Monday, GETTY IMAGES reported their financial results for the second quarter of 2023, totaling USD 225.7 million in revenue. The news of the latest financial results caused a 3.4% decline in the company’s stock price, with GETTY IMAGES opening at $4.6 and closing at the same price. This is a slight decrease from the previous closing price of $4.7. Despite this slight dip, investors remain optimistic about the future of GETTY IMAGES due to the company’s strong financial results for the quarter. 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 Value Calculator
At GoodWhale, we have conducted an analysis of GETTY IMAGES‘s wellbeing. Our proprietary Valuation Line revealed that the fair value of GETTY IMAGES share is around $7.2. However, at the moment GETTY IMAGES stock is traded at $4.6, which is undervalued by 36.5%. This means that one can take advantage of this discrepancy and buy GETTY IMAGES shares at a lower price than they are currently worth. More…
Peers
The competition between Getty Images Holdings Inc and its competitors, Outbrain Inc, JOYY Inc, and Brave Bison Group PLC, is fierce. All four companies are committed to providing excellent digital and visual services, ranging from content creation and distribution to online video production and advertising services. Each company is striving to stay ahead of the competition by offering their customers the best possible services.
– Outbrain Inc ($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
Investors may have been pleased with the substantial increase in GETTY IMAGES‘ total revenue from the second quarter of fiscal year 2023 compared to the same quarter of the prior year. However, they may have been disappointed to find the company reported a net income loss of USD -4.1 million, a steep decline compared to the USD 31.7 million earned in the same quarter of the previous year. This likely resulted in a selloff of stock prices on June 30th. Investors should closely monitor how GETTY IMAGES performs over the following quarters to see if its financial performance improves, or if further losses are incurred.
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