0001628280-23-038961 | 10-Q | XBRL Viewer | Getty Images Holdings INC

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2023

Financial Instrument Assets Recorded at Fair Value

Financial instrument assets recorded at fair value as of September 30, 2023 and December 31, 2022 are as follows (in thousands):


	As of September 30, 2023
	Level 1		Level 2		Level 3		Total
Money market funds (cash equivalents)	$	47,977	$	—	$	—	$	47,977
Derivative assets:
Interest rate swaps	—		3,985		—		3,985
	$	47,977	$	3,985	$	—	$	51,962


	As of December 31, 2022
	Level 1		Level 2		Level 3		Total
Money market funds (cash equivalents)	$	20,462	$	—	$	—	$	20,462
Derivative assets:
Interest rate swaps	—		9,032		—		9,032
	$	20,462	$	9,032	$	—	$	29,494

Financial Instrument Liabilities Recorded or Disclosed at Fair Value

Financial instrument liabilities recorded or disclosed at fair value as of September 30, 2023 and December 31, 2022 are as follows (in thousands):


	As of September 30, 2023
	Level 1		Level 2		Level 3		Total
Term Loans	$	—	$	1,087,282	$	—	$	1,087,282
Senior Notes	—		299,625		—		299,625
	$	—	$	1,386,907	$	—	$	1,386,907


	As of December 31, 2022
	Level 1		Level 2		Level 3		Total
Term Loans	$	—	$	1,112,990	$	—	$	1,112,990
Senior Notes	—		297,354		—		297,354
	$	—	$	1,410,344	$	—	$	1,410,344

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	7. COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company enters into certain types of agreements that contingently require the Company to indemnify counterparties against third-party claims. The nature and terms of these indemnifications vary from contract to contract, and generally a maximum obligation is not stated. Because management does not believe a material liability is probable, no related liabilities were recorded at September 30, 2023 and December 31, 2022. The Company has been named as a defendant in two lawsuits filed by former public warrant holders in the United States District Court for the Southern District of New York, Alta Partners, LLC v. Getty Images Holdings, Inc., Case No. 1:22-cv-08916 (filed October 19, 2022), and CRCM Institutional Master Fund (BVI) LTD, et al. (together the “Plaintiffs”) v. Getty Images Holdings, Inc., Case No. 1:23-cv-01074 (filed February 8, 2023). The Plaintiffs generally allege breaches of the Warrant Agreement, dated August 4, 2020, and alternative claims for violations of the federal securities laws, including claims under the Securities Act of 1933 and/or the Securities Exchange Act of 1934. The complaints seek, among other things, an award of money damages. On February 17, 2023, the Court consolidated the actions for purposes of discovery. The Company filed answers to the complaints, and discovery closed on August 28, 2023. On September 11, 2023, all parties filed cross-motions for summary judgment, which were fully briefed on October 2, 2023. On October 27, 2023, the Court issued its decision on the cross-motions for summary judgment and entered judgment in favor of Plaintiffs on their breach of contract claims in the amount of $36.9 million for Alta Partners, LLC and $51.0 million for the CRCM plaintiffs, plus, in each case, pre-judgment interest of 9% per annum. The Court entered judgment in favor of the Company on all other claims asserted by Plaintiffs. The Company intends to appeal that portion of the Court’s judgment in favor of plaintiffs. The Company’s Loss on Litigation is comprised of these summary judgment amounts, in addition to pre-judgment interest and associated legal fees through September 30, 2023. The Company has recognized Recovery of Loss on Litigation of $60.0 million, which represents the limit of the Company’s insurance coverage for this matter. Subsequent to September 30, 2023 the Company has received $5.0 million of insurance recoveries. The Company is subject to a variety of other legal claims and suits that arise from time to time in the ordinary course of business. Other than the matter described above, management currently believes that resolving other such claims, individually or in aggregate, will not have a material adverse impact on the condensed consolidated financial statements. However, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. The Company holds insurance policies that mitigate potential losses arising from certain indemnifications, and historically, significant costs related to performance under these obligations have not been incurred. The Company has open tax audits in various jurisdictions and some of these jurisdictions require taxpayers to pay assessed taxes in advance or at the time of appealing such assessments. One such jurisdiction is Canada, where one of the Company’s subsidiaries, iStockphoto ULC, recently received tax assessments from the Canada Revenue Agency (“CRA”) asserting additional tax is due. The position taken by the CRA is related to the transactions between iStockphoto ULC and other affiliates within the Getty Images group for the 2015 Canadian income tax return filed. The Company believes the CRA position lacks merit and intends to appeal and vigorously contest these assessments. As part of the appeal process in Canada, the Company may be required to pay a portion of the assessment amount, which the Company estimates could be up to $19.0 million in 2023. Such required payment is not an admission that the Company believes it is subject to such taxes. The Company believes it is more likely than not it will prevail on appeal, however, if the CRA were to be successful in the appeal process, the Company estimates the maximum potential outcome could be up to $28.0 million.

DEBT - Narrative (Details) $ in Thousands, € in Millions			9 Months Ended
DEBT - Narrative (Details) $ in Thousands, € in Millions	Aug. 11, 2023 USD ($)	May 10, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 EUR (€)	May 04, 2023 USD ($)	May 03, 2023 USD ($)	Dec. 31, 2022 EUR (€)
Debt Instrument [Line Items]
Repayment of debt			$ 47,800	$ 307,800
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Aggregate principal amount (up to)						$ 150,000	$ 80,000
EUR Term Loans
Debt Instrument [Line Items]
Debt face amount \| €					€ 419.0			€ 419.0
USD Term Loans
Debt Instrument [Line Items]
Repayment of debt	$ 20,000	$ 20,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

DEBT

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

DEBT

6. DEBT

Debt included the following (in thousands):


	As of September 30, 2023		As of December 31, 2022
Senior Notes	$	300,000	$	300,000
USD Term Loans	639,600		687,400
EUR Term Loans	443,553		446,996
Less: issuance costs and discounts amortized to interest expense	(2,767)		(5,549)
Long-term debt – net	$	1,380,386	$	1,428,847

The face value of the EUR Term Loans was €419.0 million as of September 30, 2023 and December 31, 2022. The table above converted the EUR Term Loans to USD using currency exchange rates as of those dates.

On May 4, 2023, the Company amended the existing senior secured credit facility to among other things, (i) upsize the total amount of commitments under the revolving credit facility capacity from $80.0 million to $150.0 million and (ii) extend the maturity of the revolving credit facility until May 4, 2028. The revolving credit facility remains undrawn. The Company accounted for this amendment as a modification of the existing revolving credit facility. The

unamortized debt issuance costs and the fees incurred to amend the revolving credit facility will be amortized over the term of the new revolving credit facility.

The Company used $20.0 million in cash on May 10, 2023 to repay a portion of the USD Term Loans and used another $20.0 million in cash on August 11, 2023 to repay an additional portion of the USD Term Loans.

As of September 30, 2023, the Company was compliant with all debt covenants and obligations.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (19,522)	$ (54,314)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	40,349	37,298
Amortization	21,765	35,676
Unrealized exchange gains on foreign denominated debt	(3,450)	(64,283)
Equity-based compensation	27,185	5,937
Non-cash fair value adjustment for common stock warrants	0	161,339
Deferred income taxes – net	(4,168)	20,473
Uncertain tax positions	(5,952)	(5,345)
Non-cash fair value adjustment for swaps and foreign currency exchange contracts	5,047	(21,256)
Amortization of debt issuance costs	2,965	4,623
Non-cash operating lease costs	5,234	9,425
Impairment of right of use assets	0	2,563
Loss on extinguishment of debt	0	2,693
Transaction costs allocated to common stock warrants	0	4,225
Other	3,348	3,507
Changes in current assets and liabilities:
Accounts receivable	(1,156)	9,743
Accounts payable	2,781	3,606
Accrued expenses	(232)	(14,598)
Insurance recovery receivable	(60,000)	0
Litigation reserves	96,711	0
Lease liabilities, non-current	(5,645)	(11,012)
Income taxes receivable/payable	(1,382)	(4,323)
Interest payable	(7,068)	(1,010)
Deferred revenue	2,412	6,607
Other	(231)	(2,401)
Net cash provided by operating activities	98,991	129,173
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	(41,868)	(46,034)
Purchase of a minority investment	0	(2,000)
Net cash used in investing activities	(41,868)	(48,034)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt	(47,800)	(307,800)
Payment of contingent consideration	0	(10,000)
Payment of Redeemable Preferred Stock	0	(614,996)
Cash contributions from business combination	0	864,164
Cash paid for debt issuance costs	(1,137)	0
Proceeds from common stock issuance	13,181	267
Cash paid for settlement of employee taxes related to exercise of equity-based awards	(5,607)	(6,267)
Cash paid for equity issuance costs	(150)	(104,001)
Net cash used in financing activities	(41,513)	(178,633)
EFFECTS OF EXCHANGE RATE FLUCTUATIONS	(208)	(17,633)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	15,402	(115,127)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – Beginning of period	102,394	191,529
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of period	$ 117,796	$ 76,402

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	10. INCOME TAXES The provision for income taxes for interim periods is determined using an estimate of the Company’s annual effective rate as prescribed under ASC 740 “Income Taxes” (“ASC 740”). Any changes to the estimated annual rate are recorded in the interim period in which the changes occur. The Company recorded an income tax expense of $5.4 million and $10.6 million for the three months ended September 30, 2023 and 2022, respectively. The decrease in tax expense compared to the prior year is primarily due to the tax benefit on the loss on litigation in current year. The Company recorded an income tax expense $11.5 million and $39.0 million for the nine months ended September 30, 2023 and 2022, respectively. The decrease in tax expense compared to the prior year is primarily due to changes in pre-tax income (loss), a release of uncertain tax position reserves in current year, the tax benefit on the loss on litigation in current year, and nondeductible net loss on fair value adjustment for warrant liabilities in prior year. The Company’s effective income tax rate is (41.3)% and (143.9)% for the three and nine months ended September 30, 2023, respectively. The most significant drivers of the difference between the 2023 statutory U.S. federal income tax rate of 21.0% and the Company’s effective tax rate are jurisdictions with losses for which no tax benefit can be recognized and foreign withholding tax expense not analogous to pre-tax income. The Company’s effective income tax rate is (9.9)% and (254.1)% for the three and nine months ended September 30, 2022, respectively. The most significant drivers of the difference between the 2022 statutory U.S. federal income tax rate of 21.0% and the Company’s effective tax rate are nondeductible net loss on fair value adjustment for warrant liabilities and foreign withholding tax expense not analogous to pre-tax income.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instrument Assets Recorded at Fair Value (Details) - Recurring - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds (cash equivalents)	$ 47,977	$ 20,462
Assets, fair value	51,962	29,494
Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	3,985	9,032
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds (cash equivalents)	47,977	20,462
Assets, fair value	47,977	20,462
Level 1 \| Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds (cash equivalents)	0	0
Assets, fair value	3,985	9,032
Level 2 \| Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	3,985	9,032
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds (cash equivalents)	0	0
Assets, fair value	0	0
Level 3 \| Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTRUMENTS

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

4. FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company’s disclosable financial instruments consist of cash equivalents, interest rate swaps, and debt. Assets and liabilities measured at fair value on a recurring basis (cash equivalents and interest rate swaps) and a nonrecurring basis (debt) are categorized in the tables below.

Financial instrument assets recorded at fair value as of September 30, 2023 and December 31, 2022 are as follows (in thousands):


	As of September 30, 2023
	Level 1		Level 2		Level 3		Total
Money market funds (cash equivalents)	$	47,977	$	—	$	—	$	47,977
Derivative assets:
Interest rate swaps	—		3,985		—		3,985
	$	47,977	$	3,985	$	—	$	51,962


	As of December 31, 2022
	Level 1		Level 2		Level 3		Total
Money market funds (cash equivalents)	$	20,462	$	—	$	—	$	20,462
Derivative assets:
Interest rate swaps	—		9,032		—		9,032
	$	20,462	$	9,032	$	—	$	29,494

The fair value of the Company’s money market funds is based on quoted active market prices for the funds and is determined using the market approach. The fair value of the Company’s interest rate swap contracts are based on market quotes provided by the counterparty. Quotes by the counterparty are calculated based on observable current rates and forward interest rate curves. The Company recalculates and validates this fair value using publicly available market inputs using the market approach.

Financial instrument liabilities recorded or disclosed at fair value as of September 30, 2023 and December 31, 2022 are as follows (in thousands):


	As of September 30, 2023
	Level 1		Level 2		Level 3		Total
Term Loans	$	—	$	1,087,282	$	—	$	1,087,282
Senior Notes	—		299,625		—		299,625
	$	—	$	1,386,907	$	—	$	1,386,907


	As of December 31, 2022
	Level 1		Level 2		Level 3		Total
Term Loans	$	—	$	1,112,990	$	—	$	1,112,990
Senior Notes	—		297,354		—		297,354
	$	—	$	1,410,344	$	—	$	1,410,344

The fair value of the Company’s Term Loans and Senior Notes are based on market quotes provided by a third-party pricing source.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($) $ in Thousands	Total	Private Placement Warrants	Public Warrants	Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Total Getty Images Holdings, Inc. Stockholders’ Deficit	Total Getty Images Holdings, Inc. Stockholders’ Deficit Private Placement Warrants	Total Getty Images Holdings, Inc. Stockholders’ Deficit Public Warrants	Total Getty Images Holdings, Inc. Stockholders’ Deficit Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Class A Common Stock	Additional Paid-In Capital	Additional Paid-In Capital Private Placement Warrants	Additional Paid-In Capital Public Warrants	Additional Paid-In Capital Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Additional Paid-In Capital Effect of Retrospective Application of Accounting Standards Update 2018-12	Accumulated Deficit	Accumulated Deficit Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Noncontrolling Interest	Noncontrolling Interest Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Redeemable Preferred Stock	Redeemable Preferred Stock Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Class A Common Stock Class A Common Stock	Class A Common Stock Class A Common Stock Private Placement Warrants	Class A Common Stock Class A Common Stock Public Warrants	Class A Common Stock Class A Common Stock Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Class A Common Stock Class A Common Stock Effect of Retrospective Application of Accounting Standards Update 2018-12	Class B Common Stock Class A Common Stock	Class B Common Stock Class A Common Stock Effect of Modified Retrospective Application Accounting Standards Update 2018-12
Beginning balance (in shares) at Dec. 31, 2021																					677,484	677,484
Beginning balance at Dec. 31, 2021																					$ 685,350	$ 685,350
Redeemable Preferred Stock
Redeemable Preferred Stock dividend (in shares)																					18,631
Redeemable Preferred Stock dividend																					$ 18,847
Ending balance (in shares) at Mar. 31, 2022																					696,115
Ending balance at Mar. 31, 2022																					$ 704,197
Beginning balance (in shares) at Dec. 31, 2021																							196,095,302			153,313,505	42,781,797	0	0
Beginning balance at Dec. 31, 2021	$ (298,685)			$ (298,685)	$ (346,741)			$ (346,741)		$ 935,082			$ 933,569	$ 1,513	$ (1,203,440)	$ (1,203,440)	$ (78,403)	$ (78,403)	$ 48,056	$ 48,056			$ 20			$ 1,533	$ (1,513)	$ 0	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	25,107				24,899										24,899				208
Net foreign currency translation adjustment gains (losses) in comprehensive income (loss)	(3,879)				(3,878)												(3,878)		(1)
Cumulative effect of accounting change- adoption of ASU 2019-12	(1,360)				(1,360)										(1,360)
Issuance of common stock in connection with option exercise (in shares)																							11,991
Issuance of common stock in connection with option exercises	29				29					29
Equity-based compensation activity	1,741				1,741					1,741
Redeemable Preferred Stock dividend	(18,847)				(18,847)					(18,847)
Ending balance (in shares) at Mar. 31, 2022																							196,107,293					0
Ending balance at Mar. 31, 2022	(295,894)				(344,157)					918,005					(1,179,901)		(82,281)		48,263				$ 20					$ 0
Redeemable Preferred Stock
Redeemable Preferred Stock dividend (in shares)																					19,478
Redeemable Preferred Stock dividend																					$ 19,705
Ending balance (in shares) at Jun. 30, 2022																					715,593
Ending balance at Jun. 30, 2022																					$ 723,902
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	38,695				38,528										38,528				167
Net foreign currency translation adjustment gains (losses) in comprehensive income (loss)	(29,485)				(29,485)												(29,485)
Equity-based compensation activity	1,390				1,390					1,390
Redeemable Preferred Stock dividend	(19,705)				(19,705)					(19,705)
Ending balance (in shares) at Jun. 30, 2022																							196,107,293					0
Ending balance at Jun. 30, 2022	(304,999)				(353,429)					899,690					(1,141,373)		(111,766)		48,430				$ 20					$ 0
Redeemable Preferred Stock
Redeemable Preferred Stock dividend																					4,666
Premium on early redemption of Redeemable Preferred Stock	(26,678)				(26,678)					(26,678)											$ 26,678
Redemption of Redeemable Preferred Stock for cash and share consideration (in shares)																					(715,593)
Redemption of Redeemable Preferred Stock for cash and share consideration																					$ (755,246)
Ending balance (in shares) at Sep. 30, 2022																					0
Ending balance at Sep. 30, 2022																					$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(118,116)				(118,054)										(118,054)				(62)
Other comprehensive income	(33,415)				(33,416)												(33,416)		1
Issuance of common stock (in shares)																							1,555,961	11,555,996	10,201
Issuance of common stock	120	$ 232,853	$ 121		120	$ 232,853	$ 121			120	$ 232,852	$ 121												$ 1
Common shares withheld for settlement of taxes in connection with equity-based compensation (in shares)																							(679,914)
Common shares withheld for settlement of taxes in connection with equity-based compensation	(6,267)				(6,267)					(6,267)
Equity-based compensation activity	2,806				2,806					2,806
Redeemable Preferred Stock dividend	(4,666)				(4,666)					(4,666)
Premium on early redemption of Redeemable Preferred Stock	(26,678)				(26,678)					(26,678)											$ 26,678
Redemption of Redeemable Preferred Stock for cash and share consideration (in shares)																							15,000,000
Redemption of Redeemable Preferred Stock for cash and share consideration	140,250				140,250					140,248													$ 2
Issuance of Class A and Class B common stock upon Business Combination and PIPE Investment, net (in shares)																							107,068,311					5,140,000
Issuance of Class A and Class B common stock upon Business Combination and PIPE Investment, net	688,280				688,280					688,269													$ 10					$ 1
Issuance of common stock upon vesting of Earn-out shares (in shares)																							58,999,956
Issuance of Class A common stock upon vesting of Earn-out shares										(6)													$ 6
Conversion of Class B common stock to Class A common Stock (in shares)																							5,140,000					(5,140,000)
Conversion of Class B common stock to Class A common Stock	(1)				(1)																							$ (1)
Ending balance (in shares) at Sep. 30, 2022																							394,757,804					0
Ending balance at Sep. 30, 2022	570,288				521,919					1,926,489					(1,259,427)		(145,182)		48,369				$ 39					$ 0
Beginning balance (in shares) at Dec. 31, 2022									394,771,254
Beginning balance at Dec. 31, 2022	593,048				545,081				$ 39	1,936,324					(1,282,354)		(108,928)		47,967
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	3,203				2,696										2,696				507
Net foreign currency translation adjustment gains (losses) in comprehensive income (loss)	8,380				8,380												8,380
Issuance of common stock in connection with equity-based compensation arrangements (in shares)									2,081,832
Issuance of common stock in connection with equity-based compensation arrangements	2,639				2,639					2,639
Equity-based compensation activity	6,840				6,840					6,840
Ending balance (in shares) at Mar. 31, 2023									396,853,086
Ending balance at Mar. 31, 2023	614,110				565,636				$ 39	1,945,803					(1,279,658)		(100,548)		48,474
Beginning balance (in shares) at Dec. 31, 2022									394,771,254
Beginning balance at Dec. 31, 2022	$ 593,048				545,081				$ 39	1,936,324					(1,282,354)		(108,928)		47,967
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock in connection with option exercise (in shares)	4,352,000
Ending balance (in shares) at Sep. 30, 2023									402,686,738
Ending balance at Sep. 30, 2023	$ 607,497				559,282				$ 40	1,973,330					(1,302,124)		(111,964)		48,215
Beginning balance (in shares) at Mar. 31, 2023									396,853,086
Beginning balance at Mar. 31, 2023	614,110				565,636				$ 39	1,945,803					(1,279,658)		(100,548)		48,474
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(4,277)				(4,063)										(4,063)				(214)
Net foreign currency translation adjustment gains (losses) in comprehensive income (loss)	2,417				2,417												2,417
Issuance of common stock in connection with equity-based compensation arrangements (in shares)									2,552,970
Issuance of common stock in connection with equity-based compensation arrangements	2,259				2,259				$ 1	2,258
Common shares withheld for settlement of taxes in connection with equity-based compensation (in shares)									(579,644)
Common shares withheld for settlement of taxes in connection with equity-based compensation	(2,993)				(2,993)					(2,993)
Equity-based compensation activity	12,120				12,120					12,120
Ending balance (in shares) at Jun. 30, 2023									398,826,412
Ending balance at Jun. 30, 2023	623,636				575,376				$ 40	1,957,188					(1,283,721)		(98,131)		48,260
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(18,448)				(18,403)										(18,403)				(45)
Other comprehensive income																			0
Net foreign currency translation adjustment gains (losses) in comprehensive income (loss)	(13,833)				(13,833)												(13,833)
Issuance of common stock in connection with equity-based compensation arrangements (in shares)									4,452,618
Issuance of common stock in connection with equity-based compensation arrangements	8,283				8,283					8,283
Common shares withheld for settlement of taxes in connection with equity-based compensation (in shares)									(592,292)
Common shares withheld for settlement of taxes in connection with equity-based compensation	(2,614)				(2,614)					(2,614)
Equity-based compensation activity	10,473				10,473					10,473
Ending balance (in shares) at Sep. 30, 2023									402,686,738
Ending balance at Sep. 30, 2023	$ 607,497				$ 559,282				$ 40	$ 1,973,330					$ (1,302,124)		$ (111,964)		$ 48,215

DEBT (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Debt

Debt included the following (in thousands):


	As of September 30, 2023		As of December 31, 2022
Senior Notes	$	300,000	$	300,000
USD Term Loans	639,600		687,400
EUR Term Loans	443,553		446,996
Less: issuance costs and discounts amortized to interest expense	(2,767)		(5,549)
Long-term debt – net	$	1,380,386	$	1,428,847

EQUITY‑BASED COMPENSATION - Performance Stock Units Activity (Details) - Performance Shares	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Number of awards
Outstanding, beginning balance (in shares) \| shares	0
Granted (in shares) \| shares	942,000
Vested (in shares) \| shares	0
Cancelled (in shares) \| shares	0
Outstanding, ending balance (in shares) \| shares	942,000
Weighted Average Grant-Date Fair Value
Outstanding at the beginning (in dollars per share) \| $ / shares	$ 0
Granted (in dollars per share) \| $ / shares	4.75
Vested (in dollars per share) \| $ / shares	0
Cancelled (in dollars per share) \| $ / shares	0
Outstanding at the end (in dollars per share) \| $ / shares	$ 4.75

DESCRIPTION OF THE BUSINESS	9 Months Ended
DESCRIPTION OF THE BUSINESS	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS	1. DESCRIPTION OF THE BUSINESS Getty Images Holdings, Inc. (the “Company” or “Getty Images”) is a preeminent global visual content creator and marketplace that offers a full range of content solutions to meet the needs of customers around the globe, no matter their size. Through Getty Images, iStock, and Unsplash brands, websites and APIs, the Company serves customers in almost every country in the world and is one of the first places people turn to discover, purchase and share powerful visual content from the world’s best photographers and videographers. The Company brings content to media outlets, advertising agencies and corporations and, increasingly, serves individual creators and prosumers.

DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Less: issuance costs and discounts amortized to interest expense	$ (2,767)	$ (5,549)
Long-term debt – net	1,380,386	1,428,847
Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	300,000	300,000
USD Term Loans
Debt Instrument [Line Items]
Long-term debt, gross	639,600	687,400
EUR Term Loans
Debt Instrument [Line Items]
Long-term debt, gross	$ 443,553	$ 446,996

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

REVENUE - Revenue by Product (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total Revenue	$ 229,298	$ 230,474	$ 690,616	$ 694,778
Creative
Disaggregation of Revenue [Line Items]
Total Revenue	145,211	145,238	432,927	440,305
Editorial
Disaggregation of Revenue [Line Items]
Total Revenue	79,944	81,845	244,911	243,543
Other
Disaggregation of Revenue [Line Items]
Total Revenue	$ 4,143	$ 3,391	$ 12,778	$ 10,930

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

EQUITY‑BASED COMPENSATION

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

EQUITY‑BASED COMPENSATION

9. EQUITY—BASED COMPENSATION

Equity-based compensation expense is recorded in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations, net of estimated forfeitures. The Company recognized equity-based compensation - net of estimated forfeitures of $10.5 million and $29.4 million for the three and nine months ended September 30, 2023, respectively. The Company recognized equity-based compensation - net of estimated forfeitures of $2.8 million and $5.9 million for the three and nine months ended September 30, 2022, respectively. The Company capitalized $1.3 million and $2.2 million of equity-based compensation expense associated with the cost of developing internal-use software during the three and nine months ended September 30, 2023, respectively. No equity-based compensation expense associated with the cost of developing internal-use software was capitalized during the three and nine months ended September 30, 2022, respectively.

The Getty Images Holdings, Inc. 2022 Equity Incentive Plan (“2022 Plan”) provides for the grant of stock options, including incentive stock options and nonqualified stock options, stock appreciation rights, restricted stock, dividend equivalents, restricted stock units (“RSU”), performance stock units (“PSU”), and other stock or cash-based awards. Equity-based awards generally vest over three or four years. Under the 2022 Plan, up to 51,104,577 shares of Class A common stock are reserved for issuance, of which 7,792,506 are available to be issued as of September 30, 2023.

Stock Options — The following tables presents a summary of the Company’s stock option activity for the nine months ended September 30, 2023 (in thousands except weighted average data and years):


		Weighted		Remaining
	Number	Average		Average
	of	Exercise		Contractual
	awards	Price		Life (in Years)
Outstanding — December 31, 2022	29,935	$	3.08	5.85
Granted	2,934	6.49
Exercised	(4,352)	3.03
Pre-vesting forfeitures	(22)	5.87
Post-vesting cancellations	(15)	5.82
Outstanding - September 30, 2023	28,480	3.43		5.50

Exercisable - September 30, 2023	24,284	$	3.01	4.89
Vested and expected to vest after September 30, 2023	28,456	$	3.43	5.50

Intrinsic value of stock options is calculated as the excess of market price of the Company’s common stock over the strike price of the stock options, multiplied by the number of stock options. The intrinsic value of the Company’s stock options is as follows (in thousands):


	As of September 30, 2023		As of December 31, 2022
Stock options outstanding	$	90,312	$	75,888
Stock options exercisable	$	85,242	$	68,431
Stock options vested and expected to vest	$	90,234	$	75,704

The intrinsic value of stock options exercised for the nine months ended September 30, 2023 was approximately $13.2 million. The intrinsic value of stock options exercised for the nine months ended September 30, 2022 was $14.7 million.

The weighted-average grant-date fair value of stock options, the valuation model used to estimate the fair value, and the assumptions input into that model, for awards granted during the nine months ended September 30, 2023 were as follows. No stock options were granted during the three months ended September 30, 2022:


	Nine Months Ended September 30,
	2023
Weighted average grant date fair value per award	$	2.20
Valuation model used	Black-Scholes
Expected award price volatility	50.00		%
Risk-free rate of return	3.70		%
Expected life of awards	5.89 years
Expected rate of dividends	None

The stock volatility assumption for award-based compensation is based on historical volatilities of the common stock of several public companies with characteristics similar to those of the Company since the Company’s common stock has only been trading in the public market for a short period of time.

The risk-free rate of return represents the implied yield available during the month the award was granted for a U.S. Treasury zero-coupon security issued with a term equal to the expected life of the awards.

The expected life is measured from the grant date and is based on the simplified method calculation.

As of September 30, 2023, there was $7.5 million of total unrecognized compensation expense related to outstanding stock options, which the Company expects to recognize over a weighted average period of approximately 2.27 years.

Restricted Stock Units — The following table presents a summary of RSU activity (in thousands except weighted average data):


	Number
	of	Weighted Average
	awards	Grant-Date Fair Value
Outstanding — December 31, 2022	4,367	$	5.58
Granted	3,394	$	4.78
Vested	(1,717)	$	5.56
Cancelled	(134)	$	5.58
Outstanding - September 30, 2023	5,910	$	5.13

As of September 30, 2023, the total unrecognized compensation expense related to RSUs is approximately $27.1 million, which is expected to be recognized over a weighted average period of approximately 2.39 years.

Performance Stock Units — The following table presents a summary of PSU activity (in thousands except weighted average data):


	Number
	of	Weighted Average
	awards	Grant-Date Fair Value
Outstanding — December 31, 2022	—	$	—
Granted	942	$	4.75
Vested	—	$	—
Cancelled	—	$	—
Outstanding - September 30, 2023	942	$	4.75

The number of units subject to future vesting is based on annual Company achieved factors, such as Revenue growth and Adjusted EBITDA less Capital Expenditures growth. Unvested units are expected to vest at the determination date of March 20, 2024, and expense recognized is adjusted quarterly for expected achievement. In addition to the granted shares in the table above, the Company issued an incremental 1.9 million PSUs that will have an accounting grant date in future periods upon achieved factors being set. PSU achievement is at the discretion of the Compensation Committee of the Board of Directors.

Earn Out Plan —The Getty Images Holdings, Inc. Earn Out Plan (“Earn Out Plan”) provides for the grant of RSUs, which generally vest upon grant. Under the Earn Out Plan, up to 6.0 million shares of Class A common stock are reserved for issuance, of which 2,975,696 shares are available to be issued as of September 30, 2023.


	Number
	of	Weighted Average
	awards	Grant-Date Fair Value
Outstanding — December 31, 2022	—	$	—
Granted	3,024	$	4.76
Vested	(3,024)	$	4.76
Cancelled	—	$	—
Outstanding - September 30, 2023	—	$	—

As of September 30, 2023, there is no unrecognized compensation expense related to RSUs granted from the Earn Out Plan, as all RSUs were fully vested upon grant.Employee Stock Purchase Plan —The Getty Images Holdings, Inc. 2022 Employee Stock Purchase Plan (“ESPP”) provides for shares of Class A common stock to be purchased by eligible employees at six months intervals at 85% of the fair market value of the stock on either the first or last trading day of each six months period, whichever is lower. Eligible employees are allowed to contribute up to 10% of their compensation. The Company’s first six months period under the ESPP began on June 01, 2023. Under the ESPP, up to 5.0 million shares of Class A common stock are reserved for issuance, of which all 5.0 million are available to be issued as of September 30, 2023.

EQUITY-BASED COMPENSATION - Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs)	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Number of awards
Outstanding, beginning balance (in shares) \| shares	4,367,000
Granted (in shares) \| shares	3,394,000
Vested (in shares) \| shares	(1,717,000)
Cancelled (in shares) \| shares	(134,000)
Outstanding, ending balance (in shares) \| shares	5,910,000
Weighted Average Grant-Date Fair Value
Outstanding at the beginning (in dollars per share) \| $ / shares	$ 5.58
Granted (in dollars per share) \| $ / shares	4.78
Vested (in dollars per share) \| $ / shares	5.56
Cancelled (in dollars per share) \| $ / shares	5.58
Outstanding at the end (in dollars per share) \| $ / shares	$ 5.13
Earn Out Plan
Number of awards
Outstanding, beginning balance (in shares) \| shares	0
Granted (in shares) \| shares	3,024,000
Vested (in shares) \| shares	(3,024,000)
Cancelled (in shares) \| shares	0
Outstanding, ending balance (in shares) \| shares	0
Weighted Average Grant-Date Fair Value
Outstanding at the beginning (in dollars per share) \| $ / shares	$ 0
Granted (in dollars per share) \| $ / shares	4.76
Vested (in dollars per share) \| $ / shares	4.76
Cancelled (in dollars per share) \| $ / shares	0
Outstanding at the end (in dollars per share) \| $ / shares	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) performanceObligation	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) performanceObligation	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, allowance	$ 7,040		$ 7,040		$ 6,460
Bad debt expense	1,000	$ 100	2,000	$ 1,000
Carrying amount of minority investments	$ 43,378		$ 43,378		51,952
Uncapped Digital Content Subscriptions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of performance obligations \| performanceObligation	2		2
Noncontrolling Interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying amount of minority investments	$ 9,500		$ 9,500		$ 9,600

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
NET LOSS	$ (18,448)	$ (118,116)	$ (19,522)	$ (54,314)
OTHER COMPREHENSIVE LOSS:
Net foreign currency translation adjustment losses	(13,833)	(33,416)	(3,036)	(66,779)
COMPREHENSIVE LOSS	(32,281)	(151,532)	(22,558)	(121,093)
Less: Comprehensive (loss) gain attributable to noncontrolling interest	(45)	(61)	248	313
COMPREHENSIVE LOSS ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC.	$ (32,236)	$ (151,471)	$ (22,806)	$ (121,406)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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+ Details

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS - Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
NET LOSS	$ (18,448)	$ (118,116)	$ (19,522)	$ (54,314)
Net (loss) income attributable to noncontrolling interest	(45)	(62)	248	313
Premium on early redemption of Redeemable Preferred Stock	0	26,678	0	26,678
Redeemable Preferred Stock dividend	0	4,666	0	43,218
NET LOSS ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC.	(18,403)	(149,398)	(19,770)	(124,523)
Change in fair value of Public and Forward Purchase Warrants	0	(15,278)	0	(15,278)
NET LOSS ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC. - Diluted	$ (18,403)	$ (164,676)	$ (19,770)	$ (139,801)
Weighted-average Class A common stock outstanding:
Basic (in dollars per share)	399,703,684	318,152,726	397,492,201	237,235,059
Effect of dilutive securities	0	5,185,168	0	1,728,389
Diluted	399,703,684	323,337,894	397,492,201	238,963,448
Net loss per share of Class A common stock attributable to Getty Images Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ (0.05)	$ (0.47)	$ (0.05)	$ (0.52)
Diluted (in dollars per share)	$ (0.05)	$ (0.51)	$ (0.05)	$ (0.59)

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 113,546	$ 97,912
Restricted cash	4,250	4,482
Accounts receivable – net of allowance of $7,040 and $6,460, respectively	126,165	129,603
Prepaid expenses	13,255	15,728
Insurance recovery receivable	60,000	0
Taxes receivable	10,421	11,297
Other current assets	13,217	10,497
Total current assets	340,854	269,519
PROPERTY AND EQUIPMENT – NET	174,578	172,083
RIGHT OF USE ASSETS	41,997	47,231
GOODWILL	1,499,869	1,499,578
IDENTIFIABLE INTANGIBLE ASSETS – NET	396,443	419,548
DEFERRED INCOME TAXES – NET	7,639	8,272
OTHER LONG-TERM ASSETS	43,378	51,952
TOTAL	2,504,758	2,468,183
CURRENT LIABILITIES:
Accounts payable	94,072	93,766
Accrued expenses	42,161	49,327
Income taxes payable	5,670	8,031
Litigation reserves	96,711	0
Deferred revenue	169,025	171,371
Total current liabilities	407,639	322,495
LONG-TERM DEBT – NET	1,380,386	1,428,847
LEASE LIABILITIES	41,358	46,218
DEFERRED INCOME TAXES – NET	32,275	37,075
UNCERTAIN TAX POSITIONS	31,381	37,333
OTHER LONG-TERM LIABILITIES	4,222	3,167
Total liabilities	1,897,261	1,875,135
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY:
Additional paid-in capital	1,973,330	1,936,324
Accumulated deficit	(1,302,124)	(1,282,354)
Accumulated other comprehensive loss	(111,964)	(108,928)
Total Getty Images Holdings, Inc. stockholders’ equity	559,282	545,081
Noncontrolling interest	48,215	47,967
Total stockholders’ equity	607,497	593,048
TOTAL	2,504,758	2,468,183
Class A Common Stock
STOCKHOLDERS’ EQUITY:
Class A common stock, $0.0001 par value: 2.0 billion shares authorized; 402.7 million shares issued and outstanding as of September 30, 2023 and 394.8 million shares issued and outstanding as of December 31, 2022	$ 40	$ 39

OTHER ASSETS AND LIABILITIES - Other Long-Term Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Other Assets And Liabilities Disclosure [Abstract]
Long term note receivable from a related party	$ 24,000	$ 24,000
Minority and other investments	12,023	12,097
Derivative asset	$ 0	9,032
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term assets
Tax receivable	$ 2,700	2,700
Equity method investment	2,557	2,064
Long term deposits	1,506	1,609
Other	592	450
Other long-term assets	$ 43,378	$ 51,952

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 5,395	$ 10,625	$ 11,517	$ 38,974
Effective income tax rate	(41.30%)	(9.90%)	(143.90%)	(254.10%)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation — The Company’s accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial reporting.

The Business Combination in July of 2022 was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, CCNB was treated as the “acquired” company and Legacy Getty is treated as the acquirer for financial reporting purposes. The consolidated assets, liabilities and results of operations prior to the Business Combination are those of Legacy Getty. The shares and corresponding capital amounts and earnings per share, prior to the Business Combination, have been retroactively restated based on shares reflecting the exchange ratio established in the Business Combination.

The accompanying unaudited condensed consolidated financial statements include the accounts and operations of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Certain notes or other information that are normally required by U.S. GAAP have been omitted if they substantially duplicate the disclosures contained in the Company’s annual audited financial statements. Accordingly, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of the Company’s 2022 Annual Report on Form 10-K. The accompanying unaudited interim financial statements, in the opinion of management, include all normal and recurring adjustments necessary for a fair presentation of the Company’s unaudited financial statements for the periods presented.

The results of operations for the three and nine months ended September 30, 2023 are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2023 or for any other future annual or interim period.

Estimates and Assumptions — The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and revenues and expenses reported during the period. Some of the estimates and assumptions that require the most difficult judgments are: a) the assumptions used to estimate unused capped subscription-based and credit-based products; b) the assumptions used to allocate transaction price to multiple performance obligations for uncapped subscription arrangements; c) the appropriateness of the amount of accrued income taxes, including the potential outcome of future tax consequences of events that have been recognized in the condensed consolidated financial statements as well as the deferred tax asset valuation allowances and d) the assumptions used to estimate accrued litigation reserves and insurance recoveries. These judgments are inherently uncertain which directly impacts their valuation and accounting. Actual results and outcomes may differ from management’s estimates and assumptions.

Litigation Reserves — The Company recognizes a charge for litigation reserves when a loss is probable, and the amount is material and reasonably determinable. The amount accrued represents the Company’s best estimate of the loss, including related interest if applicable or, if no best estimate within a range of outcomes exists, the minimum amount in the range is reserved and the high end of the range is disclosed. If it is determined that a loss is only reasonably possible or that a loss is probable but the amount is not reasonably estimable, the Company discloses the nature of the possible loss and gives an estimate of the possible range of loss. The estimates and judgments could change based on new information, changes in laws or regulations, or the outcome of legal proceedings, settlements, or

other factors. If different estimates and judgments were applied with respect to these matters, it is likely that reserves would be recorded for different amounts. The reserve for litigation is accrued in “Litigation Reserves” on the Condensed Consolidated Balance Sheets and related legal and professional fees associated with the litigation are included in “Accounts Payable” or “Accrued Liabilities” on the Condensed Consolidated Balance Sheets. See “Note 7 — Commitments and Contingencies” for further discussion.

Recoveries of Losses on Litigation — The Company recognizes the benefit of recoveries of losses on litigation when it is probable that such recoveries will be received. These recoveries are typically receivable from our third-party insurance carriers for legal claims and related costs that are included in “Loss on Litigation” on the Condensed Consolidated Statement of Operations, refer to “Note 7 — Commitments and Contingencies”.

Cash, Cash Equivalents and Restricted Cash — The following represents the Company’s cash, cash equivalents and restricted cash as of September 30, 2023 and December 31, 2022 (in thousands):


	As of September 30, 2023		As of December 31, 2022
Cash and cash equivalents	$	113,546	$	97,912
Restricted cash	4,250		4,482
Total cash, cash equivalents and restricted cash	$	117,796	$	102,394

Cash equivalents are short-term, highly liquid investments that are both readily convertible to cash and have maturities at the date of acquisition of three months or less. Cash equivalents are generally composed of investment-grade debt instruments subject to lower levels of credit risk, including certificates of deposit and money market funds. The Company’s current cash and cash equivalents consist primarily of cash on hand, bank deposits, and money market accounts.

Restricted cash consists primarily of cash held as collateral related to corporate credit cards and real estate lease obligations.

Accounts Receivable — Net — Accounts receivable are trade receivables, net of reserves for allowances for doubtful accounts totaling $7.0 million as of September 30, 2023 and $6.5 million as of December 31, 2022. The Company recorded net bad debt expense of $1.0 million and $0.1 million for the three months ended September 30, 2023 and 2022, respectively and $2.0 million and $1.0 million for the nine months ended September 30, 2023 and 2022, respectively.

Allowance for doubtful accounts is calculated based on historical losses, existing economic conditions, and analysis of specific older account balances of customer and delegate accounts. Trade receivables are written off when collection efforts have been exhausted.

Minority Investment without Readily Determinable Fair Value — The carrying amount of the minority investments, which is included within “Other long-term assets” on the Condensed Consolidated Balance Sheets, was $9.5 million and $9.6 million as September 30, 2023 and December 31, 2022, respectively. The Company uses the measurement alternative for these equity investments and their carrying value is reported at cost, adjusted for impairments or any observable price changes in ordinary transactions with identical or similar investments. Revenue related to content consumed by the minority investees was not material during the three and nine months ended September 30, 2023 and 2022.

On a quarterly basis, the Company evaluates the carrying value of its long-term investments for impairment, which includes an assessment of revenue growth, earnings performance, working capital and general market conditions. As of September 30, 2023, no adjustments to the carrying values of the Company’s long-term investments were identified as a result of this assessment. Changes in performance negatively impacting operating results and cash flows of these investments could result in the Company recording an impairment charge in future periods.

Revenue Recognition — Revenue is derived principally from licensing rights to use images, video footage and music that are delivered digitally over the internet. Digital content licenses are generally purchased on a monthly or annual subscription basis, whereby a customer either pays for a predetermined quantity of content or for access to the Company’s content library that may be downloaded over a specific period of time, or, on a transactional basis, whereby a customer pays for individual content licenses at the time of download. Also, a significant portion of revenue

is generated through the sale and subsequent use of credits. Various amounts of credits are required to license digital content.

The Company maintains a credit department that sets and monitors credit policies that establish credit limits and ascertains customer creditworthiness, thus reducing the risk of potential credit loss. Revenue is not recognized unless it is determined that collectability is reasonably assured. Revenue is recorded at invoiced amounts (including discounts and applicable sales taxes) less an allowance for sales returns, which is based on historical information. Customer payments received in advance of revenue recognition are contract liabilities and are recorded as deferred revenue. Customers that do not pay in advance are invoiced and are required to make payments under standard credit terms.

The Company recognizes revenue under the core principle to depict the transfer of control to the Company’s customers in an amount reflecting the consideration to which the Company expects to be entitled. In order to achieve that core principle, the Company applies the following five-step approach: (i) identify the contract with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when a performance obligation is satisfied.

For digital content licenses, the Company recognizes revenue on both its capped subscription-based, credit-based sales and single image licenses when content is downloaded, at which time the license is provided. In addition, management estimates expected unused licenses for capped subscription-based and credit-based products and recognizes the revenue associated with the unused licenses throughout the subscription or credit period. The estimate of unused licenses is based on historical download activity and future changes in the estimate could impact the timing of revenue recognition of the Company’s subscription products.

For uncapped digital content subscriptions, the Company has determined that access to the existing content library and future digital content updates represent two separate performance obligations. As such, a portion of the total contract consideration related to access to the existing content library is recognized as revenue at the commencement of the contract when control of the content library is transferred. The remaining contractual consideration is recognized as revenue ratably over the term of the contract when updated digital content is transferred to the licensee, in line with when the control of the new content is transferred.

Recently Adopted Accounting Standard Updates — There were no new accounting standards adopted during the quarter ended September 30, 2023 that had a material impact on the Company's financial position or results of operations.

Recently Issued Accounting Standard Updates — The Company implemented new applicable accounting pronouncements that are in effect and does not believe that there are any other new pronouncements that have been issued that might have a material impact on the Company’s financial position or results of operations.

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS - Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	34,369,135	28,970,753
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	28,479,654	28,970,753
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	5,889,481	0

OTHER ASSETS AND LIABILITIES

9 Months Ended

Sep. 30, 2023

Other Assets And Liabilities Disclosure [Abstract]

OTHER ASSETS AND LIABILITIES

5. OTHER ASSETS AND LIABILITIES

Other Long-Term Assets — Other long-term assets consisted of the following at the reported Balance Sheet dates (in thousands):


	As of September 30, 2023		As of December 31, 2022
Long term note receivable from a related party	$	24,000	$	24,000
Minority and other investments	12,023		12,097
Derivative asset	—		9,032
Tax receivable	2,700		2,700
Equity method investment	2,557		2,064
Long term deposits	1,506		1,609
Other	592		450
	$	43,378	$	51,952

Accrued Expenses — Accrued expenses at the reported Balance Sheet dates are summarized below (in thousands):


	As of September 30, 2023		As of December 31, 2022
Accrued compensation and related costs	$	16,299	$	23,851
Lease liabilities	9,310		10,094
Interest payable	2,931		9,993
Accrued professional fees	12,719		4,334
Other	902		1,055
	$	42,161	$	49,327

DERIVATIVE INSTRUMENTS - Fair Value Amounts of Derivative Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Total derivatives, asset	$ 3,985	$ 9,032
Total derivatives, liability	0	0
Interest rate swaps
Derivatives, Fair Value [Line Items]
Total derivatives, asset	3,985	9,032
Total derivatives, liability	$ 0	$ 0

EQUITY‑BASED COMPENSATION - Stock Option Activity (Details) - $ / shares	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2023	Dec. 31, 2022
Number of Awards
Outstanding, beginning balance (in shares)		29,935,000
Granted (in shares)	0	2,934,000
Exercised (in shares)		(4,352,000)
Pre-vesting forfeitures (in shares)		(22,000)
Post-vesting cancellations (in shares)		(15,000)
Outstanding, ending balance (in shares)		28,480,000	29,935,000
Weighted Average Exercise Price
Outstanding, beginning balance (in dollars per share)		$ 3.08
Granted (in dollars per share)		6.49
Exercised (in dollars per share)		3.03
Pre-vesting forfeitures (in dollars per share)		5.87
Post-vesting cancellations (in dollars per share)		5.82
Outstanding, ending balance (in dollars per share)		$ 3.43	$ 3.08
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, remaining average contractual life (in years)		5 years 6 months	5 years 10 months 6 days
Exercisable (in shares)		24,284,000
Exercisable, weighted average exercise price (in dollars per share)		$ 3.01
Exercisable, remaining average contractual life		4 years 10 months 20 days
Vested and expected to vest (in shares)		28,456,000
Vested and expected to vest, weighted average exercise price (in dollars per share)		$ 3.43
Vested and expected to vest, remaining average contractual life		5 years 6 months

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

11. NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table sets forth the computation of basic and diluted loss per share of Class A common stock (amounts in thousands, except share and per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
NET LOSS	$	(18,448)	$	(118,116)	$	(19,522)	$	(54,314)
Less:
Net (loss) income attributable to noncontrolling interest	(45)		(62)		248		313
Premium on early redemption of Redeemable Preferred Stock	—		26,678		—		26,678
Redeemable Preferred Stock dividend	—		4,666		—		43,218
NET LOSS ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC. - Basic	$	(18,403)	$	(149,398)	$	(19,770)	$	(124,523)
Less:
Change in fair value of Public and Forward Purchase Warrants	—		(15,278)		—		(15,278)
NET LOSS ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC. - Diluted	(18,403)		(164,676)		(19,770)		(139,801)

Weighted-average Class A common stock outstanding:
Basic	399,703,684		318,152,726		397,492,201		237,235,059
Effect of dilutive securities	—		5,185,168		—		1,728,389
Diluted	399,703,684		323,337,894		397,492,201		238,963,448
Net loss per share of Class A common stock attributable to Getty Images Holdings, Inc. common stockholders:
Basic	$	(0.05)	$	(0.47)	$	(0.05)	$	(0.52)
Diluted	$	(0.05)	$	(0.51)	$	(0.05)	$	(0.59)

Diluted loss per share of Class A common stock adjusts basic loss per share for the potentially dilutive impact of stock options and warrants. During periods when the impact of warrants that are liability-classified are dilutive, the Company assumes share settlement of the instruments as of the beginning of the reporting period, adjusts the numerator to remove the change in fair value of the warrant liability and adjusts the denominator to include the dilutive shares calculated using the treasury stock method.

The following are excluded from the computation of diluted net income per share of Class A common stock as their effect would have been anti-dilutive:


	September 30,
	2023	2022
Common stock options	28,479,654	28,970,753
Restricted stock units	5,889,481	—
	34,369,135	28,970,753

Performance stock units were not included in the calculation of diluted earnings per share as the necessary conditions had not been met as of September 30, 2023.

DERIVATIVE INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Loss recognized on derivatives	$ 2.3		$ 5.0
Gain recognized on derivatives		$ 5.7		$ 22.8

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted loss per share of Class A common stock (amounts in thousands, except share and per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
NET LOSS	$	(18,448)	$	(118,116)	$	(19,522)	$	(54,314)
Less:
Net (loss) income attributable to noncontrolling interest	(45)		(62)		248		313
Premium on early redemption of Redeemable Preferred Stock	—		26,678		—		26,678
Redeemable Preferred Stock dividend	—		4,666		—		43,218
NET LOSS ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC. - Basic	$	(18,403)	$	(149,398)	$	(19,770)	$	(124,523)
Less:
Change in fair value of Public and Forward Purchase Warrants	—		(15,278)		—		(15,278)
NET LOSS ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC. - Diluted	(18,403)		(164,676)		(19,770)		(139,801)

Weighted-average Class A common stock outstanding:
Basic	399,703,684		318,152,726		397,492,201		237,235,059
Effect of dilutive securities	—		5,185,168		—		1,728,389
Diluted	399,703,684		323,337,894		397,492,201		238,963,448
Net loss per share of Class A common stock attributable to Getty Images Holdings, Inc. common stockholders:
Basic	$	(0.05)	$	(0.47)	$	(0.05)	$	(0.52)
Diluted	$	(0.05)	$	(0.51)	$	(0.05)	$	(0.59)

Antidilutive Securities Excluded from Computation of Earnings Per Share

The following are excluded from the computation of diluted net income per share of Class A common stock as their effect would have been anti-dilutive:


	September 30,
	2023	2022
Common stock options	28,479,654	28,970,753
Restricted stock units	5,889,481	—
	34,369,135	28,970,753

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instrument Liabilities Recorded or Disclosed at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term Loans	$ 1,087,282	$ 1,112,990
Senior Notes	299,625	297,354
Liabilities, fair value	1,386,907	1,410,344
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term Loans	0	0
Senior Notes	0	0
Liabilities, fair value	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term Loans	1,087,282	1,112,990
Senior Notes	299,625	297,354
Liabilities, fair value	1,386,907	1,410,344
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term Loans	0	0
Senior Notes	0	0
Liabilities, fair value	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands, shares in Millions	Sep. 30, 2023	Dec. 31, 2022
Accounts receivable, allowance	$ 7,040	$ 6,460
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	2,000.0	2,000.0
Common stock, issued (in shares)	402.7	394.8
Common stock, outstanding (in shares)	402.7	394.8

REVENUE (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue by Product

The following table summarizes the Company’s revenue by product (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Creative	$	145,211	$	145,238	$	432,927	$	440,305
Editorial	79,944		81,845		244,911		243,543
Other	4,143		3,391		12,778		10,930
Total Revenue	$	229,298	$	230,474	$	690,616	$	694,778

OTHER ASSETS AND LIABILITIES - Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Other Assets And Liabilities Disclosure [Abstract]
Accrued compensation and related costs	$ 16,299	$ 23,851
Lease liabilities	$ 9,310	10,094
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses
Interest payable	$ 2,931	9,993
Accrued professional fees	12,719	4,334
Other	902	1,055
Accrued expenses	$ 42,161	$ 49,327

DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value Amounts of Derivative Instruments

The following table summarizes the location and fair value amounts of derivative instruments reported in the Condensed Consolidated Balance Sheets (in thousands):


	As of September 30, 2023				As of December 31, 2022
	Asset		Liability		Asset		Liability
Derivatives not designated as hedging instruments:
Interest rate swaps	$	3,985	$	—	$	9,032	$	—
Total derivatives	$	3,985	$	—	$	9,032	$	—

EQUITY‑BASED COMPENSATION - Intrinsic Value of Stock Options (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock options outstanding	$ 90,312	$ 75,888
Stock options exercisable	85,242	68,431
Stock options vested and expected to vest	$ 90,234	$ 75,704

EQUITY‑BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Stock Option Activity

The following tables presents a summary of the Company’s stock option activity for the nine months ended September 30, 2023 (in thousands except weighted average data and years):


		Weighted		Remaining
	Number	Average		Average
	of	Exercise		Contractual
	awards	Price		Life (in Years)
Outstanding — December 31, 2022	29,935	$	3.08	5.85
Granted	2,934	6.49
Exercised	(4,352)	3.03
Pre-vesting forfeitures	(22)	5.87
Post-vesting cancellations	(15)	5.82
Outstanding - September 30, 2023	28,480	3.43		5.50

Exercisable - September 30, 2023	24,284	$	3.01	4.89
Vested and expected to vest after September 30, 2023	28,456	$	3.43	5.50

Intrinsic Value of Stock Options

The intrinsic value of the Company’s stock options is as follows (in thousands):


	As of September 30, 2023		As of December 31, 2022
Stock options outstanding	$	90,312	$	75,888
Stock options exercisable	$	85,242	$	68,431
Stock options vested and expected to vest	$	90,234	$	75,704

Stock Options, Valuation Assumptions


	Nine Months Ended September 30,
	2023
Weighted average grant date fair value per award	$	2.20
Valuation model used	Black-Scholes
Expected award price volatility	50.00		%
Risk-free rate of return	3.70		%
Expected life of awards	5.89 years
Expected rate of dividends	None

Restricted Stock Units Activity

The following table presents a summary of RSU activity (in thousands except weighted average data):


	Number
	of	Weighted Average
	awards	Grant-Date Fair Value
Outstanding — December 31, 2022	4,367	$	5.58
Granted	3,394	$	4.78
Vested	(1,717)	$	5.56
Cancelled	(134)	$	5.58
Outstanding - September 30, 2023	5,910	$	5.13


	Number
	of	Weighted Average
	awards	Grant-Date Fair Value
Outstanding — December 31, 2022	—	$	—
Granted	3,024	$	4.76
Vested	(3,024)	$	4.76
Cancelled	—	$	—
Outstanding - September 30, 2023	—	$	—

Performance Stock Units Activity

The following table presents a summary of PSU activity (in thousands except weighted average data):


	Number
	of	Weighted Average
	awards	Grant-Date Fair Value
Outstanding — December 31, 2022	—	$	—
Granted	942	$	4.75
Vested	—	$	—
Cancelled	—	$	—
Outstanding - September 30, 2023	942	$	4.75

REVENUE

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

REVENUE

8. REVENUE

The Company distributes its content and services offerings through three primary products:

Creative — Creative, is comprised of royalty free (“RF”) photos, illustrations, vectors and videos, that are released for commercial use and cover a wide variety of commercial, conceptual and contemporary subjects, including lifestyle, business, science, health, wellness, beauty, sports, transportation and travel. This content is available for immediate use by a wide range of customers with a depth, breadth and quality allowing our customers to produce impactful websites, digital media, social media, marketing campaigns, corporate collateral, textbooks, movies, television and online video content relevant to their target geographies and audiences. We primarily source Creative content from a broad network of professional, semi-professional and amateur creators, many of whom are exclusive to Getty Images. We have a global creative insights team dedicated to providing briefing and art direction to our exclusive contributor community.

Editorial — Editorial, is comprised of photos and videos covering the world of entertainment, sports and news. We combine contemporary coverage of events around the globe and have one of the largest privately held archives globally with access to images from the beginning of photography. We invest in a dedicated editorial team which includes over 110 staff photographers and videographers to generate our own coverage in addition to coverage from our network of content partners.

Other — The Company offers a range of additional products and services to deepen the customer relationships, enhance customer loyalty and create additional differentiation in the market. These additional products and services currently include music licensing, digital asset management and distribution services, print sales and data licensing.

The following table summarizes the Company’s revenue by product (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Creative	$	145,211	$	145,238	$	432,927	$	440,305
Editorial	79,944		81,845		244,911		243,543
Other	4,143		3,391		12,778		10,930
Total Revenue	$	229,298	$	230,474	$	690,616	$	694,778

The September 30, 2023 deferred revenue balance will be earned as content is downloaded, services are provided or upon the expiration of subscription-based products, and nearly all is expected to be earned within the next twelve months. During the nine months ended September 30, 2023, the Company recognized revenue of $127.8 million, that had been included in deferred revenue as of January 1, 2023.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Cash, Cash Equivalents and Restricted Cash

The following represents the Company’s cash, cash equivalents and restricted cash as of September 30, 2023 and December 31, 2022 (in thousands):


	As of September 30, 2023		As of December 31, 2022
Cash and cash equivalents	$	113,546	$	97,912
Restricted cash	4,250		4,482
Total cash, cash equivalents and restricted cash	$	117,796	$	102,394

EQUITY‑BASED COMPENSATION - Stock Options, Valuation Assumptions (Details) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Granted (in shares)	0	2,934,000
Weighted average grant date fair value per award (in dollars per share)		$ 2.20
Expected award price volatility		50.00%
Risk-free rate of return		3.70%
Expected life of awards		5 years 10 months 20 days
Expected rate of dividends		0.00%

DERIVATIVE INSTRUMENTS

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS

3. DERIVATIVE INSTRUMENTS

Interest Rate Risk — The Company does not hold or issue derivative financial instruments for trading purposes. In general, the Company’s derivative activities do not create interest rate risk because fluctuations in the value of the instruments used for economic hedging purposes are offset by fluctuations in the value of the underlying exposures being hedged. Counterparties to derivative financial instruments expose the Company to credit related losses in the event of nonperformance; however, the Company has entered into these instruments with creditworthy financial institutions and considers the risk of nonperformance to be minimal.

The following table summarizes the location and fair value amounts of derivative instruments reported in the Condensed Consolidated Balance Sheets (in thousands):


	As of September 30, 2023				As of December 31, 2022
	Asset		Liability		Asset		Liability
Derivatives not designated as hedging instruments:
Interest rate swaps	$	3,985	$	—	$	9,032	$	—
Total derivatives	$	3,985	$	—	$	9,032	$	—

Short-term derivative assets are included in “Other current assets” and long-term derivative assets are included in “Other long-term assets” on the Condensed Consolidated Balance Sheets.

The Company recognized a net loss of $2.3 million and a net gain of $5.7 million on the derivative instruments for the three months ended September 30, 2023 and 2022, respectively. The Company recognized a net loss of $5.0 million and a net gain of $22.8 million on the derivative instruments for the nine months ended September 30, 2023 and 2022, respectively. These are included in “(Loss) gain on fair value adjustment for swaps and foreign currency exchange contract – net” on the Condensed Consolidated Statements of Operations.

COMMITMENTS AND CONTINGENCIES (Details)		1 Months Ended	3 Months Ended		9 Months Ended
COMMITMENTS AND CONTINGENCIES (Details)	Oct. 27, 2023 USD ($) lawsuit	Nov. 14, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Loss Contingencies [Line Items]
Loss contingency accrual			$ 0		$ 0		$ 0
Recovery of loss on litigation			$ 60,000,000	$ 0	60,000,000	$ 0
Subsequent Event
Loss Contingencies [Line Items]
Recovery of loss on litigation		$ 5,000,000
Number of pending lawsuits \| lawsuit	2
Tax Assessment, Canada Revenue Agency
Loss Contingencies [Line Items]
Loss contingency, amount sought by plaintiff					19,000,000.0
Tax Assessment, Canada Revenue Agency \| Maximum
Loss Contingencies [Line Items]
Loss contingency, amount sought by plaintiff					$ 28,000,000.0
United States District Court For The Southern District Of New York, Alta Partners, LLC V. Getty Images Holdings, Inc., Case \| Subsequent Event
Loss Contingencies [Line Items]
Loss contingency, amount awarded to plaintiff	$ 36,900,000
Loss contingency, pre-judgement, per annum, interest rate	0.09
CRCM Institutional Master Fund (BVI) LTD, Et Al. V. Getty Images Holdings, Inc., Case \| Subsequent Event
Loss Contingencies [Line Items]
Loss contingency, amount awarded to plaintiff	$ 51,000,000
Loss contingency, pre-judgement, per annum, interest rate	0.09

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2023	Nov. 09, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity Registrant Name	GETTY IMAGES HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-41453
Entity Tax Identification Number	87-3764229
Entity Address, Address Line One	605 5th Ave S. Suite 400
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98104
City Area Code	206
Local Phone Number	925-5000
Title of 12(b) Security	Class A Common Stock
Trading Symbol	GETY
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		402,977,324
Entity Central Index Key	0001898496
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Current Fiscal Year End Date	--12-31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 113,546	$ 97,912
Restricted cash	4,250	4,482
Total cash, cash equivalents and restricted cash	$ 117,796	$ 102,394	$ 76,402	$ 191,529

REVENUE - Narrative (Details) $ in Millions	9 Months Ended
REVENUE - Narrative (Details) $ in Millions	Sep. 30, 2023 USD ($) product employee
Revenue from Contract with Customer [Abstract]
Number of primary products \| product	3
Number of staff photographers and videographers (in employees) \| employee	110
Contract with customer, liability, revenue recognized \| $	$ 127.8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	The Company’s accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial reporting. The Business Combination in July of 2022 was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, CCNB was treated as the “acquired” company and Legacy Getty is treated as the acquirer for financial reporting purposes. The consolidated assets, liabilities and results of operations prior to the Business Combination are those of Legacy Getty. The shares and corresponding capital amounts and earnings per share, prior to the Business Combination, have been retroactively restated based on shares reflecting the exchange ratio established in the Business Combination. The accompanying unaudited condensed consolidated financial statements include the accounts and operations of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Certain notes or other information that are normally required by U.S. GAAP have been omitted if they substantially duplicate the disclosures contained in the Company’s annual audited financial statements. Accordingly, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of the Company’s 2022 Annual Report on Form 10-K. The accompanying unaudited interim financial statements, in the opinion of management, include all normal and recurring adjustments necessary for a fair presentation of the Company’s unaudited financial statements for the periods presented.
Estimates and Assumptions	The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and revenues and expenses reported during the period. Some of the estimates and assumptions that require the most difficult judgments are: a) the assumptions used to estimate unused capped subscription-based and credit-based products; b) the assumptions used to allocate transaction price to multiple performance obligations for uncapped subscription arrangements; c) the appropriateness of the amount of accrued income taxes, including the potential outcome of future tax consequences of events that have been recognized in the condensed consolidated financial statements as well as the deferred tax asset valuation allowances and d) the assumptions used to estimate accrued litigation reserves and insurance recoveries. These judgments are inherently uncertain which directly impacts their valuation and accounting. Actual results and outcomes may differ from management’s estimates and assumptions.
Litigation Reserves	The Company recognizes a charge for litigation reserves when a loss is probable, and the amount is material and reasonably determinable. The amount accrued represents the Company’s best estimate of the loss, including related interest if applicable or, if no best estimate within a range of outcomes exists, the minimum amount in the range is reserved and the high end of the range is disclosed. If it is determined that a loss is only reasonably possible or that a loss is probable but the amount is not reasonably estimable, the Company discloses the nature of the possible loss and gives an estimate of the possible range of loss. The estimates and judgments could change based on new information, changes in laws or regulations, or the outcome of legal proceedings, settlements, or other factors. If different estimates and judgments were applied with respect to these matters, it is likely that reserves would be recorded for different amounts. The reserve for litigation is accrued in “Litigation Reserves” on the Condensed Consolidated Balance Sheets and related legal and professional fees associated with the litigation are included in “Accounts Payable” or “Accrued Liabilities” on the Condensed Consolidated Balance Sheets.
Recoveries of Losses on Litigation	The Company recognizes the benefit of recoveries of losses on litigation when it is probable that such recoveries will be received. These recoveries are typically receivable from our third-party insurance carriers for legal claims and related costs that are included in “Loss on Litigation” on the Condensed Consolidated Statement of Operations
Cash, Cash Equivalents and Restricted Cash	Cash equivalents are short-term, highly liquid investments that are both readily convertible to cash and have maturities at the date of acquisition of three months or less. Cash equivalents are generally composed of investment-grade debt instruments subject to lower levels of credit risk, including certificates of deposit and money market funds. The Company’s current cash and cash equivalents consist primarily of cash on hand, bank deposits, and money market accounts. Restricted cash consists primarily of cash held as collateral related to corporate credit cards and real estate lease obligations.
Accounts Receivable-Net	Accounts receivable are trade receivables, net of reserves for allowances for doubtful accounts totaling $7.0 million as of September 30, 2023 and $6.5 million as of December 31, 2022. The Company recorded net bad debt expense of $1.0 million and $0.1 million for the three months ended September 30, 2023 and 2022, respectively and $2.0 million and $1.0 million for the nine months ended September 30, 2023 and 2022, respectively.Allowance for doubtful accounts is calculated based on historical losses, existing economic conditions, and analysis of specific older account balances of customer and delegate accounts. Trade receivables are written off when collection efforts have been exhausted.
Minority Investment without Readily Determinable Fair Value	The carrying amount of the minority investments, which is included within “Other long-term assets” on the Condensed Consolidated Balance Sheets, was $9.5 million and $9.6 million as September 30, 2023 and December 31, 2022, respectively. The Company uses the measurement alternative for these equity investments and their carrying value is reported at cost, adjusted for impairments or any observable price changes in ordinary transactions with identical or similar investments. Revenue related to content consumed by the minority investees was not material during the three and nine months ended September 30, 2023 and 2022.On a quarterly basis, the Company evaluates the carrying value of its long-term investments for impairment, which includes an assessment of revenue growth, earnings performance, working capital and general market conditions. As of September 30, 2023, no adjustments to the carrying values of the Company’s long-term investments were identified as a result of this assessment. Changes in performance negatively impacting operating results and cash flows of these investments could result in the Company recording an impairment charge in future periods.
Revenue Recognition	Revenue is derived principally from licensing rights to use images, video footage and music that are delivered digitally over the internet. Digital content licenses are generally purchased on a monthly or annual subscription basis, whereby a customer either pays for a predetermined quantity of content or for access to the Company’s content library that may be downloaded over a specific period of time, or, on a transactional basis, whereby a customer pays for individual content licenses at the time of download. Also, a significant portion of revenue is generated through the sale and subsequent use of credits. Various amounts of credits are required to license digital content. The Company maintains a credit department that sets and monitors credit policies that establish credit limits and ascertains customer creditworthiness, thus reducing the risk of potential credit loss. Revenue is not recognized unless it is determined that collectability is reasonably assured. Revenue is recorded at invoiced amounts (including discounts and applicable sales taxes) less an allowance for sales returns, which is based on historical information. Customer payments received in advance of revenue recognition are contract liabilities and are recorded as deferred revenue. Customers that do not pay in advance are invoiced and are required to make payments under standard credit terms. The Company recognizes revenue under the core principle to depict the transfer of control to the Company’s customers in an amount reflecting the consideration to which the Company expects to be entitled. In order to achieve that core principle, the Company applies the following five-step approach: (i) identify the contract with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when a performance obligation is satisfied. For digital content licenses, the Company recognizes revenue on both its capped subscription-based, credit-based sales and single image licenses when content is downloaded, at which time the license is provided. In addition, management estimates expected unused licenses for capped subscription-based and credit-based products and recognizes the revenue associated with the unused licenses throughout the subscription or credit period. The estimate of unused licenses is based on historical download activity and future changes in the estimate could impact the timing of revenue recognition of the Company’s subscription products. For uncapped digital content subscriptions, the Company has determined that access to the existing content library and future digital content updates represent two separate performance obligations. As such, a portion of the total contract consideration related to access to the existing content library is recognized as revenue at the commencement of the contract when control of the content library is transferred. The remaining contractual consideration is recognized as revenue ratably over the term of the contract when updated digital content is transferred to the licensee, in line with when the control of the new content is transferred.
Recently Adopted Accounting Standard Updates/Recently Issued Accounting Standard Updates	There were no new accounting standards adopted during the quarter ended September 30, 2023 that had a material impact on the Company's financial position or results of operations. The Company implemented new applicable accounting pronouncements that are in effect and does not believe that there are any other new pronouncements that have been issued that might have a material impact on the Company’s financial position or results of operations.

OTHER ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2023

Other Assets And Liabilities Disclosure [Abstract]

Other Long-Term Assets

Other long-term assets consisted of the following at the reported Balance Sheet dates (in thousands):


	As of September 30, 2023		As of December 31, 2022
Long term note receivable from a related party	$	24,000	$	24,000
Minority and other investments	12,023		12,097
Derivative asset	—		9,032
Tax receivable	2,700		2,700
Equity method investment	2,557		2,064
Long term deposits	1,506		1,609
Other	592		450
	$	43,378	$	51,952

Accrued Expenses

Accrued expenses at the reported Balance Sheet dates are summarized below (in thousands):


	As of September 30, 2023		As of December 31, 2022
Accrued compensation and related costs	$	16,299	$	23,851
Lease liabilities	9,310		10,094
Interest payable	2,931		9,993
Accrued professional fees	12,719		4,334
Other	902		1,055
	$	42,161	$	49,327

EQUITY‑BASED COMPENSATION - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense capitalized	$ 1,300,000	$ 0	$ 2,200,000	$ 0
Intrinsic value of stock options exercised			13,200,000	14,700,000
Unrecognized compensation charge related to non-vested options	7,500,000		$ 7,500,000
Employee Stock Option
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation expense, weighted average period			2 years 3 months 7 days
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation expense, weighted average period			2 years 4 months 20 days
Unrecognized compensation charge excluding non-vested options	$ 27,100,000		$ 27,100,000
Performance Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of incremental shares issued			1,900,000
Equity Incentive Plan 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares available for issuance	51,104,577		51,104,577
Number of shares available to be issued	7,792,506		7,792,506
Equity Incentive Plan 2022 \| Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Equity based awards vesting period			4 years
Equity Incentive Plan 2022 \| Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Equity based awards vesting period			3 years
Earn Out Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares available for issuance	6,000,000		6,000,000
Number of shares available to be issued	2,975,696		2,975,696
Earn Out Plan \| Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation charge excluding non-vested options	$ 0		$ 0
2022 Employee Stock Purchase Plan \| Employee Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares available for issuance	5,000,000		5,000,000
Number of shares available to be issued	5,000,000		5,000,000
ESPP purchase price of common stock, percent of market price			85.00%
Number of purchase periods			6 months
Maximum contribution rate	10.00%		10.00%
Selling, General and Administrative Expenses
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Equity-based compensation, net of forfeitures	$ 10,500,000	$ 2,800,000	$ 29,400,000	$ 5,900,000

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
REVENUE	$ 229,298	$ 230,474	$ 690,616	$ 694,778
OPERATING EXPENSE:
Cost of revenue (exclusive of depreciation and amortization shown separately below)	60,939	64,040	187,579	191,052
Selling, general and administrative expenses	97,253	91,571	300,930	280,255
Depreciation	13,786	12,407	40,349	37,298
Amortization	7,298	11,566	21,765	35,676
Loss on litigation	106,108	0	112,549	0
Recovery of loss on litigation	(60,000)	0	(60,000)	0
Other operating expense – net	(24)	532	588	4,096
Operating expense	225,360	180,116	603,760	548,377
INCOME FROM OPERATIONS	3,938	50,358	86,856	146,401
OTHER EXPENSE, NET:
Interest expense	(32,255)	(29,397)	(94,435)	(88,983)
(Loss) gain on fair value adjustment for swaps and foreign currency exchange contract – net	(2,322)	5,672	(5,047)	22,777
Unrealized foreign exchange gains – net	16,482	33,671	2,395	71,905
Loss on extinguishment of debt	0	(2,693)	0	(2,693)
Net loss on fair value adjustment for warrant liabilities	0	(161,339)	0	(161,339)
Other non-operating income (expense) – net	1,104	(3,763)	2,226	(3,408)
Total other expense – net	(16,991)	(157,849)	(94,861)	(161,741)
LOSS BEFORE INCOME TAXES	(13,053)	(107,491)	(8,005)	(15,340)
INCOME TAX EXPENSE	(5,395)	(10,625)	(11,517)	(38,974)
NET LOSS	(18,448)	(118,116)	(19,522)	(54,314)
Net (loss) income attributable to noncontrolling interest	(45)	(62)	248	313
Premium on early redemption of Redeemable Preferred Stock	0	26,678	0	26,678
Redeemable Preferred Stock dividend	0	4,666	0	43,218
NET LOSS ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC.	$ (18,403)	$ (149,398)	$ (19,770)	$ (124,523)
Net loss per share attributable to Class A Getty Images Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ (0.05)	$ (0.47)	$ (0.05)	$ (0.52)
Diluted (in dollars per share)	$ (0.05)	$ (0.51)	$ (0.05)	$ (0.59)
Weighted-average Class A common shares outstanding:
Basic (in dollars per share)	399,703,684	318,152,726	397,492,201	237,235,059
Diluted (in dollars per share)	399,703,684	323,337,894	397,492,201	238,963,448
Class A Common Stock
Weighted-average Class A common shares outstanding:
Basic (in dollars per share)	399,703,684	318,152,726	397,492,201	237,235,059
Diluted (in dollars per share)	399,703,684	323,337,894	397,492,201	238,963,448