Yahoo Finance Getty Images Holdings First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Getty Images Holdings (NYSE:GETY) First Quarter 2024 Results
Key Financial Results
Revenue: US$222.3m (down 5.7% from 1Q 2023).
Net income: US$13.5m (up 399% from 1Q 2023).
Profit margin: 6.1% (up from 1.1% in 1Q 2023).
EPS: US$0.033 (up from US$0.007 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Getty Images Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.
Performance of the American Interactive Media and Services industry.
The company's shares are down 11% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 4 warning signs for Getty Images Holdings (of which 1 makes us a bit uncomfortable!) you should know about.
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