Visual content marketplace Getty Images (NYSE:GETY) will be reporting results tomorrow afternoon. Here’s what to expect.
Getty Images beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $240.5 million, up 4.9% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Getty Images a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Getty Images’s revenue to grow 8.9% year on year to $246 million, a reversal from the 2.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Getty Images has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Getty Images’s peers in the digital media & content platforms segment, some have already reported their Q4 results, giving us a hint as to what we can expect. WEBTOON delivered year-on-year revenue growth of 5.6%, missing analysts’ expectations by 1.3%, and IAC reported a revenue decline of 6.5%, topping estimates by 5.9%. WEBTOON traded down 10.5% following the results while IAC was up 5.9%.
Read our full analysis of WEBTOON’s results here and IAC’s results here.
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