0001628280-24-011316 | 10-K | XBRL Viewer | Getty Images Holdings INC

Print Document View Excel Document

INCOME TAXES - Deferred Tax Assets with Operating Loss Carryforwards and Expiration Periods (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Deferred Tax Assets
Total	$ 85,152
Net Operating Loss Carryforwards
Total	643,167
United States
Deferred Tax Assets
Subject to expiration	9,421
Net Operating Loss Carryforwards
Subject to expiration	134,888
Foreign
Deferred Tax Assets
Subject to expiration	21,345
Foreign, expiring between 2025 and 2042	54,386
Net Operating Loss Carryforwards
Subject to expiration	87,079
Foreign, indefinite	$ 421,200

GOODWILL (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill

Goodwill changed during the years presented as follows (in thousands):


	Goodwill before impairment		Accumulated impairment charge		Goodwill – net
December 31, 2021	$	2,028,245	$	(525,000)	$	1,503,245
Effects of fluctuations in foreign currency exchange rates	(3,667)		—		(3,667)
December 31, 2022	$	2,024,578	$	(525,000)	$	1,499,578
Effects of fluctuations in foreign currency exchange rates	2,236		—		2,236
December 31, 2023	$	2,026,814	$	(525,000)	$	1,501,814

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

EQUITY‑BASED COMPENSATION - Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Number of awards
Outstanding, beginning balance (in shares)	29,935,000	33,602,000
Granted (in shares)	2,936,000	978,000
Exercised (in shares)	(5,017,000)	(2,959,000)
Pre-vesting forfeitures (in shares)	(32,000)	(1,659,000)
Post-vesting cancellations (in shares)	(31,000)	(27,000)
Outstanding, ending balance (in shares)	27,791,000	29,935,000	33,602,000
Weighted Average Exercise Price
Outstanding at the beginning (in dollars per share)	$ 3.08	$ 3.11
Granted (in dollars per share)	6.49	6.18
Exercised (in dollars per share)	3.00	4.36
Pre-vesting forfeitures (in dollars per share)	4.94	3.32
Post-vesting cancellations (in dollars per share)	6.00	2.77
Outstanding at the end (in dollars per share)	$ 3.45	$ 3.08	$ 3.11
Remaining Average Contractual Life (in Years)
Outstanding, remaining average contractual life	5 years 1 month 13 days	5 years 10 months 6 days	5 years 10 months 13 days
Exercisable (in shares)	23,845,000
Exercisable, weighted average exercise price (in dollars per share)	$ 3.02
Exercisable, remaining average contractual life	4 years 6 months
Vested and expected to vest (in shares)	27,775,000
Vested and expected to vest, weighted average exercise price (in dollars per share)	$ 3.45
Vested and expected to vest, remaining average contractual life	5 years 1 month 13 days
Legacy Getty 2012 Plan
Remaining Average Contractual Life (in Years)
Non-stock option equity awards outstanding (in shares)			3,635
Previously Reported
Number of awards
Outstanding, beginning balance (in shares)		26,271,000
Outstanding, ending balance (in shares)			26,271,000
Weighted Average Exercise Price
Outstanding at the beginning (in dollars per share)		$ 3.98
Outstanding at the end (in dollars per share)			$ 3.98
Remaining Average Contractual Life (in Years)
Outstanding, remaining average contractual life			5 years 10 months 13 days
Retroactive application of recapitalization
Number of awards
Outstanding, beginning balance (in shares)		7,331,000
Outstanding, ending balance (in shares)			7,331,000
Weighted Average Exercise Price
Outstanding at the beginning (in dollars per share)		$ (0.87)
Outstanding at the end (in dollars per share)			$ (0.87)

GOODWILL - Changes in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill before impairment, beginning balance	$ 2,024,578	$ 2,028,245
Goodwill - net, beginning balance	1,499,578	1,503,245
Effects of fluctuations in foreign currency exchange rates	2,236	(3,667)
Goodwill before impairment, ending balance	2,026,814	2,024,578
Goodwill - net, Ending balance	1,501,814	1,499,578
Accumulated impairment charge	$ (525,000)	$ (525,000)	$ (525,000)

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUE	$ 916,555	$ 926,244	$ 918,688
OPERATING EXPENSE:
Cost of revenue (exclusive of depreciation and amortization shown separately below)	250,249	254,990	248,152
Selling, general and administrative expenses	402,516	375,582	367,704
Depreciation	54,374	49,574	51,099
Amortization	24,069	43,645	49,361
Loss on litigation	116,051	1,101	0
Recovery of loss on litigation	(60,000)	0	0
Other operating expense (income) – net	1,624	(681)	386
Operating expense	788,883	724,211	716,702
INCOME FROM OPERATIONS	127,672	202,033	201,986
OTHER EXPENSE, NET:
Interest expense	(126,884)	(117,229)	(122,160)
(Loss) gain on fair value adjustment for swaps and foreign currency exchange contract – net	(7,573)	23,508	19,282
Unrealized foreign exchange (losses) gain – net	(23,772)	24,643	36,406
Loss on extinguishment of debt	0	(2,693)	0
Net loss on fair value adjustment for warrant liabilities	0	(160,728)	0
Other non-operating income (expense) – net	3,652	(3,051)	612
Total other expense – net	(154,577)	(235,550)	(65,860)
(LOSS) INCOME BEFORE INCOME TAXES	(26,905)	(33,517)	136,126
INCOME TAX BENEFIT (EXPENSE)	46,482	(44,126)	(18,729)
NET INCOME (LOSS)	19,577	(77,643)	117,397
Net income (loss) attributable to noncontrolling interest	238	(89)	329
Premium on early redemption of Redeemable Preferred Stock	0	26,678	0
Redeemable Preferred Stock dividend	0	43,218	71,393
NET INCOME (LOSS) ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC.	$ 19,339	$ (147,450)	$ 45,675
Net income (loss) per share attributable to Class A Getty Images Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ 0.05	$ (0.53)	$ 0.23
Diluted (in dollars per share)	$ 0.05	$ (0.53)	$ 0.23
Weighted-average Class A common shares outstanding:
Basic (in shares)	399,037,805	276,942,660	196,084,650
Diluted (in shares)	411,495,025	276,942,660	201,507,355
Class A Common Stock
Weighted-average Class A common shares outstanding:
Basic (in shares)	399,037,805	276,942,660	196,084,650
Diluted (in shares)	411,495,025	276,942,660	201,507,355

DERIVATIVE INSTRUMENTS

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS

Foreign Currency Risk — Certain assets, liabilities and future operating transactions are exposed to foreign currency exchange rate risk. The Company has utilized derivative financial instruments, namely foreign currency forwards and option contracts, to reduce the impact of foreign currency exchange rate risks where natural hedges do not exist. The Company is exposed to market risk from foreign currency exchange rate fluctuations as a result of foreign currency-denominated revenues and expenses. The Company has entered into certain foreign currency derivative contracts, including foreign currency forward options to manage these risks. These contracts were economic hedges of the Company’s exposures but were not designated as hedges, as defined in the applicable accounting guidance, for financial reporting purposes. The notional amounts outstanding under these contracts as of December 31, 2021 was $15.2 million. These contracts were carried at fair value, as determined by quoted market exchange rates. At December 31, 2023 and 2022 the Company held no foreign currency contracts. The Company recognized gain of $0.7 million and $1.7 million for the years ended December 31, 2022 and 2021, respectively. These gains and are recognized in “(Loss) gain on fair value adjustment for swaps and foreign currency exchange contract – net” in the accompanying Consolidated Statements of Operations.

Interest Rate Risk — In February 2019, the Company entered into two interest rate swaps to hedge interest rate risk associated with the Company’s debt. One of the swaps had a notional amounts of $175.0 million and the Company paid a fixed rate of 2.5010%. This swap matured during the year ended December 31, 2022. The other swap has a notional amount of $355.0 million and the Company pays a fixed rate of 2.5380%. This swap was still outstanding as of December 31, 2023, and matured in February 2024. Each swap contains an embedded floor option under which the Company receives a rate of 0.0% or one-month LIBOR, whichever is greater, to match the terms of the Company’s debt. In June 2023 the rate transitioned to the greater of one-month CME Term SOFR or negative 0.1%. Both swaps are considered economic hedges and have not been designated as hedges, as defined in the applicable accounting guidance, for financial reporting purposes. The changes in fair value are recognized in “(Loss) gain on fair value adjustment for swaps and foreign currency exchange contract – net” in the accompanying Consolidated Statements of Operations.

For the interest rate swaps, the Company recognized loss of $7.6 million, gain of $22.8 million and gain of $17.6 million on these derivative instruments for the years ended December 31, 2023, 2022 and 2021, respectively.

The Company does not hold or issue derivative financial instruments for trading purposes. In general, the Company’s derivative activities do not create foreign currency exchange 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 Consolidated Balance Sheets (in thousands):


	As of December 31,
	2023				2022
	Asset		Liability		Asset		Liability
Derivatives not designated as hedging instruments:
Interest rate swaps	$	1,459	$	—	$	9,032	$	—

Total derivatives	$	1,459	$	—	$	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 Consolidated Balance Sheet.

EQUITY-BASED COMPENSATION - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Capitalized stock-based compensation expense	$ 3,000,000	$ 300,000
Intrinsic value of stock options exercised	14,900,000	14,800,000	$ 0
Fair value of time-based awards that vested	3,800,000	7,900,000	6,700,000
Total unrecognized compensation expense	$ 6,600,000
Total unrecognized compensation expense, weighted average period	2 years 1 month 6 days
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total unrecognized compensation expense, weighted average period	2 years 2 months 8 days
Total unrecognized compensation expense	$ 24,600,000
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 reserved for future issuance	51,104,577
Number of shares available to be issued	7,750,436
Equity Incentive Plan 2022 \| Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period	3 years
Equity Incentive Plan 2022 \| Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period	4 years
Earn Out Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares reserved for future issuance	6,000,000
Number of shares available to be issued	1,431,582
Earn Out Plan \| Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total unrecognized compensation expense	$ 0
2022 Employee Stock Purchase Plan \| Employee Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares reserved for future issuance	5,000,000
Number of shares available to be issued	4,600,000
Purchase period	6 months
Purchase price of common stock, percent of market price	85.00%
Maximum contribution rate	10.00%
Selling, General and Administrative Expenses
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Equity-based compensation, net of forfeitures	$ 40,600,000	$ 9,500,000	$ 6,400,000

DEFINED CONTRIBUTION EMPLOYEE BENEFIT PLANS (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) plan	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Defined Contribution Plan Disclosure [Line Items]
Minimum period of service for participating in the plan	3 months
Defined contribution plan \| $	$ 7.8	$ 7.4	$ 8.3
UNITED STATES
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plans (in plans)	1
Minimum age for auto-enrollment to plan	18 years
Percentage of employer participant matching contribution	100.00%
Percentage of each participant's contribution	4.00%
UNITED KINGDOM
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plans (in plans)	1
Percentage of employer participant matching contribution	5.00%
Percentage of minimum employee contribution	3.00%
Maximum \| Canada
Defined Contribution Plan Disclosure [Line Items]
Percentage of employer matching contribution	3.00%

INCOME TAXES - Components of Income (Loss) before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
United States	$ (67,496)	$ (95,489)	$ 104,984
Foreign	40,591	61,972	31,142
(LOSS) INCOME BEFORE INCOME TAXES	$ (26,905)	$ (33,517)	$ 136,126

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-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 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

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

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-SubTopic 20
-Topic 940
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

REDEEMABLE PREFERRED STOCK (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Jul. 22, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Temporary Equity [Line Items]
Redeemable preferred stock		$ 0	$ 614,996	$ 0
Dividends declared and issued, value			$ 43,200	$ 71,400
Dividends declared and issued (in shares)			38,109	70,574
Redemption percentage		105.00%
Value of increase in the redemption value immediately prior to the closing		$ 26,700
Redeemable Preferred Stock
Temporary Equity [Line Items]
Number of shares authorized		900,000
Par value per share (in dollars per share)		$ 0.01
Dividends declared and issued, value			$ 43,218	$ 71,393
Getty Images Holdings, Inc \| Class A common stock
Temporary Equity [Line Items]
Redeemable preferred stock	$ 615,000
Number of shares issued for payments for retirement of redeemable preferred stock	15,000,000
Value of shares issued as payments for retirement of redeemable preferred stock	$ 140,200

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Accounting Principles and Basis of Presentation

Accounting Principles — The Company’s accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Basis of Presentation — 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. For accounting purposes, the Business Combination was treated as the equivalent of Legacy Getty issuing stock for the net assets of CCNB, accompanied by a recapitalization. The net assets of CCNB are stated at historical cost, with no goodwill or other intangible assets recorded.

Legacy Getty was determined to be the accounting acquirer based on the following predominant factors:

•Legacy Getty stockholders have the greatest voting interest in the Company with approximately 72% of the voting interest;

•Legacy Getty stockholders have the ability to nominate a majority of the initial members of the Company’s Board of Directors;

•Legacy Getty senior management is the senior management of the Company; and

•Legacy Getty was the larger entity based on historical operating activity and had the larger employee base.

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 of 1.27905 (the “Exchange Ratio”) established in the Business Combination.

The accompanying 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.

Estimates and Assumptions

Estimates and Assumptions — The preparation of the 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 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 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.

Reclassifications

Reclassifications — Certain prior year amounts have been reclassified to conform to the current year presentation.

Principles of Consolidation

Principles of Consolidation — The consolidated financial statements and notes thereto include the accounts of Getty Images Holdings, Inc and its subsidiaries. Equity investments in which the Company exercises significant influence, but does not control and is not the primary beneficiary of, are accounted for using the equity method. Significant accounts and transactions between consolidated entities have been eliminated. Intercompany transactions and balances have been eliminated in consolidation.

Noncontrolling Interest

Noncontrolling Interest — The Company’s noncontrolling interest represents the minority stockholder’s ownership interest related to the Company’s subsidiary, Getty Images SEA Holdings Co., Limited (“Getty SEA”). The Company reports its non-controlling interest in subsidiary as a separate component of stockholders’ equity (deficit) in the Consolidated Balance Sheets and reports both net income (loss) attributable to the non-controlling interest and net income (loss) attributable to the Company’s common stockholders on the Consolidated Statements of Operations. The Company’s equity interest in Getty SEA is 50% and the non-controlling stockholder’s interest is 50%. Net Income or Loss from this subsidiary is allocated based upon these ownership interests. This is reflected in the Consolidated Statements of Redeemable Preferred Stock and Stockholders’ Equity (Deficit) as “Noncontrolling interest”.

Net Income (Loss) Per Share Attributable to Common Stockholder

Net Income (Loss) Per Share Attributable to Common Stockholders — Basic net income (loss) per share attributable to common stockholders is calculated by dividing the net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period, without consideration of potentially dilutive securities. Net income (loss) available to common stockholders represents net income (loss) attributable to common stockholders adjusted by (i) the Redeemable Preferred Stock dividend (ii) premium on early redemption of the Redeemable Preferred Stock and (iii) the allocation of income or losses to the noncontrolling interest.

In periods where the Company recognizes a net loss, such as the year ended December 31, 2022, diluted net loss per share attributable to common stockholders is the same as basic net loss per share attributable to common stockholders since the effect of potentially dilutive securities is anti-dilutive.

Diluted net income per share is computed by dividing the net income attributable to common stockholders by the weighted average common shares outstanding and all potential common shares, if they are dilutive. The potentially dilutive effect of options or warrants are computed using the treasury stock method. Securities that potentially have an anti-dilutive effect are excluded from the diluted earnings per share calculation.

Foreign Currencies

Foreign Currencies — Assets and liabilities for subsidiaries with functional currencies other than the U.S. dollar are recorded in foreign currencies and translated at the exchange rate on the balance sheet date. Revenue and expenses are

translated at average rates of exchange prevailing during the year. Translation adjustments resulting from this process are charged or credited to “Other comprehensive income (loss)” (“OCI”), as a separate component of stockholders’ equity (deficit). Transaction gains and losses arising from transactions denominated in a currency other than the functional currency of the entity involved are included in “Unrealized Foreign exchange gains (losses) — net” in the Consolidated Statements of Operations.

Derivative Instruments

Derivative Instruments — The Company uses derivative instruments to manage exposures to foreign currency and interest rate risks. The objectives for holding derivatives include reducing or eliminating the economic impact of these exposures. Derivative instruments are recorded as either assets or liabilities and are measured at fair value. The accounting for changes in the fair value of a derivative depends on the intended use of the derivative and whether the instrument is designated as a hedge for accounting purposes. For a derivative instrument designated as a cash flow hedge, the effective portion of the derivative’s gain or loss is initially reported as a component of OCI and is subsequently recognized in earnings when the hedged exposure affects earnings. The ineffective portion of the gain or loss is recognized in earnings. For derivative instruments designated as either fair value or cash flow hedges, changes in the time value are excluded from the assessment of hedge effectiveness and are recognized in earnings. Gains and losses from changes in fair values of derivatives that are not designated as hedges for accounting purposes are recognized in “(Loss) gain on fair value adjustment for swaps and foreign currency exchange contract – net” in the Consolidated Statements of Operations. As of December 31, 2023, 2022, and 2021 the Company did not have any derivatives designated as hedging instruments as defined by the derivative instruments and hedging activities accounting guidance.

Litigation Reserves

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 Expenses” on the Condensed Consolidated Balance Sheets.

Recoveries of Losses on Litigation

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


	As of December 31,
	2023		2022
Cash and cash equivalents	$	136,623	$	97,912
Restricted cash	4,227		4,482
Total cash, cash equivalents and restricted cash	$	140,850	$	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.

Fair Value Measurements

Fair Value Measurements — The Company records its financial assets and liabilities at fair value. Fair value is defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of nonperformance risk including the Company’s own credit risk.

The three-tier fair value hierarchy prioritizes the inputs used in the valuation methodologies. Each fair value measurement is reported in one of the three levels, which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.

Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.

Level 3 — Valuations based on unobservable inputs reflecting management’s own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.

Contingent Consideration

Contingent Consideration — The Company records a liability for contingent consideration at the date of a business combination and reassesses the fair value of the liability each period until it is settled. Upon settlement of these liabilities, the portion of the contingent consideration payment that is attributable to the initial amount recorded as part of the business combination will be classified as a cash flow from financing activities and the portion of the settlement that is attributable to subsequent changes in the fair value of the contingent consideration will be classified as a cash flow from operating activities in the Consolidated Statement of Cash Flows.

Accounts Receivable-Net

Accounts Receivable — Net — Accounts receivable are trade receivables, net of reserves for allowances for doubtful accounts totaling $6.5 million and $6.5 million as of December 31, 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.

Allowance for doubtful accounts changed as follows during the years presented (in thousands):


	Year Ended December 31,
	2023		2022		2021
Beginning of year	$	6,460	$	5,946	$	7,773
Provision	2,228		1,465		750
Deductions	(2,161)		(951)		(2,577)
End of year	$	6,527	$	6,460	$	5,946

Deductions represent balances written off, net of amounts recovered that had previously been written off, and the effect of exchange rate fluctuations.

Property and Equipment-Net

Property and Equipment — Net — Property and equipment are stated at cost, net of accumulated depreciation. Contemporary and archival imagery consists of costs to acquire imagery from third parties and internal and external costs incurred in creating imagery, including identification of marketable subject matter, art direction, digitization, mastering and the assignment of search terms, and other pertinent information to each image. Computer software developed for internal use consists of internal and external costs incurred during the application development stage of software development (except for training costs) and costs of upgrades or enhancements that result in additional software functionality. Costs incurred during the web application, infrastructure, graphics and content development stages of website development are also capitalized and included within computer software developed for internal use.

Expenditures that extend the life, increase the capacity or improve the efficiency of property and equipment are capitalized, while expenditures for repairs and maintenance are expensed as incurred.

Depreciation is recognized on a straight-line basis over the estimated useful lives of the assets or, for leasehold improvements, over the shorter of the remaining original term of the lease or the estimated life of the related asset.

Minority Investment without Readily Determinable Fair Value

Minority Investment without Readily Determinable Fair Value — The carrying amount of the minority investments, which is included within “Other long-term assets” on the Consolidated Balance Sheets, was $10.0 million and $9.6 million as December 31, 2023 and 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 any of the years end December 31, 2023, 2022 and 2021. The Company purchased a minority investment in another company during the year ended December 31, 2022. The cost of that investment was $2.0 million.

The investments are holdings in a privately held companies that are not exchange traded and therefore not supported with observable market prices. The Company periodically evaluates the carrying value of the minority investment, or when events and circumstances indicate that the carrying amount of an asset may not be recovered. As of December 31, 2023, 2022 and 2021, 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.

Goodwill

Goodwill — The Company evaluates goodwill for impairment annually or more frequently when an event occurs, or circumstances indicate it is more likely than not that the fair value of the reporting unit is below its carrying value. Circumstances that could indicate impairment and require impairment tests more frequently than annually include; significant adverse changes in legal factors or market and economic conditions, a significant decline in the financial results of the Company’s operations, significant changes in strategic plans, adverse actions by regulators, unanticipated changes in competition and market share, or a planned disposition of a significant portion of the business. Management performs the annual goodwill impairment analysis as of October 1 each year. The Company’s 2023, 2022 and 2021 goodwill impairment analyses did not result in an impairment charge. As circumstances change, it is possible that future goodwill impairment analysis could result in goodwill impairments, which would be included in the calculation of income or loss from operations.

Identifiable Intangible Assets

Identifiable Intangible Assets — Identifiable intangible assets are assets that do not have physical representation but that arise from contractual or other legal rights or are capable of being separated or divided from the Company and sold, transferred, licensed, rented or exchanged. Identifiable intangible assets are amortized on a straight-line basis over their estimated useful lives, unless such life is determined to be indefinite. The remaining useful lives of identifiable intangible assets are reassessed each reporting period to determine whether events and circumstances warrant revisions to the remaining periods of amortization. Potential impairment of identifiable intangible assets with an indefinite useful life are evaluated annually or whenever circumstances indicate that it is more likely than not that the indefinite-lived asset is impaired. Intangible assets with a finite life and long-lived assets are reviewed for impairment whenever an event occurs, or circumstances change that indicate their carrying value may not be recoverable through projected undiscounted cash flows expected to be generated by the asset. If the evaluation of the projected cash flows indicates that the carrying value of the asset is not recoverable, the asset is written down to its fair value.

Loans Receivable

Loans Receivable — Loans are stated at unpaid principal balances less any allowance for loan losses. Interest is recognized over the term of the loan and is calculated using the compound interest method. Management considers a loan impaired when, based on current information or factors, it is probable that the principal and interest payment will not be collected according to the loan agreement.

Leases

Leases —The Company recorded rent expense for the year end December 31, 2021 on a straight-line basis over the term of the related lease. Prior to the adoption of ASU 2016-02, “Leases (Topic 842)”, as amended (“ASC 842”), the difference between the rent expense recognized and the actual payments made in accordance with the operating lease agreement was recognized as a deferred rent liability on the Company’s Consolidated Balance Sheet.

Effective January 1, 2022, the Company adopted ASC 842 using the modified retrospective transition method and elected the package of practical expedients permitted under the transition guidance, which allows a carryforward of the historical lease classification. The Company also elected the hindsight practical expedient to determine the reasonably certain lease term for existing leases. The election of the hindsight practical expedient did not alter the lease terms for any of the existing leases. Upon adoption of this standard on January 1, 2022, the Company recognized a total lease liability in the amount of $61.3 million, representing the present value of the minimum rental payments remaining as of the adoption date, a right-of-use asset in the amount of $53.1 million with offsets to deferred rent of $8.3 million.

In accordance with ASC 842, the Company first determines if an arrangement contains a lease and the classification of that lease, if applicable, at inception. This standard requires the recognition of right-of-use (“ROU”) assets and lease liabilities for the Company’s operating leases. For contracts with lease and non-lease components, the Company has elected not to allocate the contract consideration, and to account for the lease and non-lease components as a single lease component. The Company has also elected not to recognize a lease liability or ROU asset for leases with a term of 12 months or less, and recognize lease payments for those short-term leases on a straight-line basis over the lease term in the Consolidated Statements of Operations. Operating leases are included in “Right of use assets”, “Accrued expenses” and “Lease liabilities” (net of current portion) in the Consolidated Balance Sheets.

ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments under the lease. ROU assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The implicit rate within the Company’s leases is generally not determinable and therefore the incremental borrowing rate at the lease commencement date is utilized to determine the present value of lease payments. The determination of the incremental borrowing rate requires judgment. Management determines the incremental borrowing rate for each lease using the Company’s estimated borrowing rate, adjusted for various factors including level of collateralization, term and currency to align with the terms of the lease. The ROU asset also includes any lease prepayments, offset by lease incentives. Certain of the Company’s leases include options to extend or terminate the lease. An option to extend the lease is considered in connection with determining the ROU asset and lease liability when the Company is reasonably certain that the option will be exercised. An option to terminate is considered unless the Company is reasonably certain the option will not be exercised. The ROU assets are reviewed for impairment with the Company’s long-lived assets.

Related-Party Transactions

Related-Party Transactions — The Company paid annual management fees to Getty Investments, LLC (“Getty Investments”) in the amount of $0.9 million and $1.5 million for the years ended December 31, 2022 and 2021, respectively. These costs are included in “Selling, general and administrative expenses” in the Consolidated Statements of Operations. Getty Investments was the majority partner in Partnership. With the closing of the Business Combination, the management fee contract was terminated.

On June 15, 2016, Getty SEA, a subsidiary of the Company, entered into various agreements with Visual China Group Holding Limited (“VCG”). As part of those agreements, Getty SEA issued $24.0 million in an unsecured note receivable to VCG. This note receivable bears interest at 2.5% per annum with an August 18, 2036 due date. VCG is also a noncontrolling interest stockholder of Getty SEA. As of December 31, 2023, 2022 and 2021 this unsecured note receivable is included in “Other long-term assets” in the Consolidated Balance Sheets.

Revenue Recognition

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 recognizes revenue gross of contributor royalties because the Company is the principal in the transaction as it is the party responsible for the performance obligation and it controls the product or service before transferring it to the customer. The Company also licenses content to customers through third-party delegates worldwide (approximately 3% of total revenues for the years ended December 31, 2023, 2022 and 2021). Delegates sell the Company’s products directly to customers as the principal in those transactions. Accordingly, the Company recognizes revenue net of costs paid to delegates. Delegates typically earn and retain 35% to 50% of the license fee, and the Company recognizes the remaining 65% to 50% as revenue.

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.

Cost of Revenue

Cost of Revenue — The ownership rights to the majority of the content licensed is retained by the owners, and licensing rights are provided to the Company by a large network of content suppliers. When the Company licenses content entrusted by content suppliers, royalties are paid to them at varying rates depending on the license model and the customers use of that content. Suppliers who choose to work with the Company under contract typically receive royalties between 20% to 50% of the total license fee charged customers. The Company also owns the copyright to certain content in its collections (wholly owned content), including content produced by staff photographers for the Editorial Stills product, for which the Company does not pay any third-party royalties. Cost of revenue also includes costs of assignment photo shoots but excludes depreciation and amortization associated with creating or buying content.

Sales Commissions

Sales Commissions — Internal sales commissions are generally paid in the quarter following invoicing of the commissioned receivable and is reported in “Selling, general and administrative expenses” on the Consolidated Statements of Operations. The Company expenses contract acquisition costs, including internal sales commissions, as incurred, to the extent that the amortization period would otherwise be one year or less.

Equity-Based Compensation

Equity-Based Compensation — Equity-based compensation is accounted for in accordance with authoritative guidance for equity-based payments. This guidance requires equity-based compensation cost to be measured at the grant date based on the fair value of the award and recognized as an expense over the applicable service period, which is the vesting period, net of estimated forfeitures. Compensation expense for equity-based payments that contain service conditions is recorded on a straight-line basis, over the service period of generally four years. Compensation expense for equity-based payments that contain performance conditions is not recorded until it is probable that the performance condition will be achieved. The estimation of stock awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from the Company’s current estimates, such amounts will be recorded as a cumulative adjustment in the period estimates are revised. The Company considers many factors when estimating expected forfeitures, including types of awards, employee class, and historical experience. Actual results and future estimates may differ substantially from current estimates.

Common Stock Warrants

Common Stock Warrants — The Company assumed 20,700,000 warrants originally issued in CCNB’s initial public offering (the “Public Warrants”) and 18,560,000 warrants issued in a private placement that closed concurrently with

CCNB’s initial public offering, (the “Private Placement Warrants”) in the Business Combination. In addition, on the Closing Date, the Company issued 3,750,000 warrants in connection with a Forward Purchase Agreement dated August 4, 2020 (the “Forward Purchase Agreement” and the “Forward Purchase Warrants”). The Public, Private Placement and Forward Purchase Warrants entitled the holder to purchase one share of Class A common stock at an exercise price of $11.50 per share.

The Company evaluated the Public, Private Placement and Forward Purchase Warrants (together “the Warrants”) under ASC 815-40, Derivatives and Hedging-Contracts in Entity’s Own Equity (“ASC 815-40”), and concluded they did not meet the criteria to be indexed to the Company’s own stock as certain provisions of the warrant agreement could change the settlement amount of these warrants based on variables that would not be considered inputs to the valuation model for a fixed-for-fixed equity instrument. Since the Warrants met the definition of a derivative under ASC 815-40, the Company recorded these Warrants as liabilities in the Consolidated Balance Sheets at fair value, with subsequent changes in their respective fair values recognized in the “Loss on fair value adjustment for warrant liabilities — net” within the Consolidated Statements of Operations at each reporting date.

The Public Warrants were publicly traded and thus had an observable market price to estimate fair value. The Forward Purchase Warrants, which had identical terms as the Public Warrants, were valued similar to the Public Warrants. The Private Placement Warrants were valued using a Black-Scholes option-pricing model

Advertising and Marketing

Advertising and Marketing — The Company markets its products and services mainly through paid search, natural or organic search optimization, affiliate marketing channels, email and website marketing, customer events and public relations initiatives. Costs associated with marketing efforts are recorded in “Selling, general and administrative expenses” when related liabilities are incurred. For paid search and affiliate marketing, liabilities are incurred when potential new customers click through the links in the ad, generating an obligation to the internet search provider or affiliate marketing partner.

Income Taxes

Income Taxes — The Company computes income taxes and accruals for uncertain tax positions under the asset and liability method as set forth in the authoritative guidance for accounting for income taxes and uncertain tax positions. Deferred income taxes are provided for the temporary differences between the consolidated financial statement carrying amounts and the tax basis of the Company’s assets and liabilities and operating loss and tax credit carryforwards. The Company establishes a valuation allowance for deferred tax assets if it is not more likely than not that the tax benefits will be realized. Periodically, the valuation allowance is reviewed and adjusted based on management’s assessments of realizable deferred tax assets. The Company accounts for the global intangible low-tax income (“GILTI”) earned by foreign subsidiaries included in gross U.S. taxable income in the period incurred.

Segments

Segments — The Company has determined that it operates and manages one operating segment, which is the business of developing and commercializing visual content. The Company’s chief operating decision maker (the “CODM”), its chief executive officer, reviews financial information on an aggregate basis for the purpose of allocating resources and making operating decisions.

Concentration of Credit Risk

Concentration of Credit Risk — Financial instruments that are exposed to concentration of credit risk consist primarily of cash and cash equivalents and accounts receivable balances. Cash and cash equivalents are held with financial institutions of high quality. Balances may exceed the amount of insurance provided on such deposits.

Concentration of credit risk with respect to trade receivables is limited due to the large number of customers and their dispersion across many geographic areas. No single customer represented 10% or more of the Company’s total revenue or accounts receivable in any of the years presented.

Recently Adopted Accounting Standard Updates

Recently Adopted Accounting Standard Updates — In December 2019, the FASB issued ASU 2019-12, “Simplifying the Accounting for Income Taxes (Topic 740)” (“ASU 2019-12”), which removes certain exceptions to the general principles in Topic 740 and improves consistent application of and simplifies U.S. GAAP for other areas of

Topic 740 by clarifying and amending existing guidance. The Company adopted ASU 2019-12, effective January 1, 2022. The adoption of this standard did not have a material impact on the consolidated financial statements.

In June 2016, the FASB issued ASU 2016-13 (Topic 326), “Financial Instruments — Credit Losses” (“ASU 2016-13”). ASU 2016-13 changes how to recognize expected credit losses on financial assets. The standard requires an entity to replace the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects current expected credit losses, requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates and provides additional transparency about credit risk. The effective date of ASU 2016-13 for the Company is beginning with fiscal years after December 15, 2022, including interim periods within those fiscal years. The Company adopted ASU 2016-13 on January 1, 2023. The adoption of this standard did not have a material impact on the consolidated financial statements.

Recently Issued Accounting Standard Updates — In November 2023, the Financial Accounting Standards Board ("FASB") issued new guidance that modifies the disclosure and presentation requirements of reportable segments. The new guidance requires the disclosure of significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and included within each reported measure of segment profit and loss. In addition, the new guidance enhances interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment, and contains other disclosure requirements. The update is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is in the process of evaluating the impact of adopting this new guidance on the consolidated financial statement disclosures.

In December 2023, the FASB issued new guidance to amend and improve the existing income tax disclosure requirements. Under the new guidance, public business entities are required to disclose more details to the effective tax rate reconciliation and income taxes paid. The new guidance is effective for public business entities for annual periods beginning after December 15, 2024. The Company is in the process of evaluating the impact of adopting this new guidance on the consolidated financial statement disclosures.

Subsequent Events

Subsequent Events — The Company evaluated subsequent events and transactions for potential recognition or disclosure in the consolidated financial statements through March 15, 2024.

LEASES - Additional Information on Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2022
Leases [Abstract]
Right of use asset	$ 41,098	$ 47,231	$ 53,100
Lease liabilities	9,780	10,094
Lease liabilities, non-current	39,858	46,218
Total lease liabilities	$ 49,638	$ 56,312	$ 61,300
Weighted average remaining lease term	5 years 10 months 24 days	6 years 3 months 18 days
Weighted average discount rate	5.70%	5.60%
Cash paid for amounts included in lease liabilities	$ 13,391	$ 14,150
Right of use asset obtained in exchange for lease obligation upon adoption	0	53,076
Right of use asset obtained in exchange for lease obligations	$ 2,591	$ 6,050

ACQUISITION - Aggregate Purchase Price Allocated to Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Apr. 01, 2021
Assets acquired and liabilities assumed:
Goodwill	$ 1,501,814	$ 1,499,578	$ 1,503,245
Unsplash Inc.
Assets acquired and liabilities assumed:
Cash and cash equivalents				$ 6,213
Accounts receivable				1,061
Other current assets				736
Prepaid expenses				118
Property and equipment				1,729
Other long term assets				306
Identifiable intangible assets				23,900
Goodwill				75,782
Total assets acquired				109,845
Accounts payable and accrued expenses				(128)
Deferred income tax liability				(1,099)
Total liabilities assumed				(1,227)
Net assets acquired				$ 108,618

EQUITY-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock Option Activity

The following tables presents a summary of the Company’s stock option activity for the year ended December 31, 2023 (in thousands except weighted average data and years):


	Number of awards	Weighted Average Exercise Price		Remaining Average Contractual Life (in Years)
Outstanding — December 31, 20211	26,271	$	3.98	5.87
Retroactive application of recapitalization	7,331	$	(0.87)	0
Outstanding — December 31, 2021, after effect of recapitalization	33,602	$	3.11	5.87
Granted	978	6.18
Exercised	(2,959)	4.36
Pre-vesting forfeitures	(1,659)	3.32
Post-vesting cancellations	(27)	2.77
Outstanding - December 31, 2022	29,935	3.08		5.85
Granted	2,936	$	6.49
Exercised	(5,017)	3.00
Pre-vesting forfeitures	(32)	4.94
Post-vesting cancellations	(31)	6.00
Outstanding - December 31, 2023	27,791	3.45		5.12

Exercisable - December 31, 2023	23,845	$	3.02	4.50
Vested and expected to vest after December 31, 2023	27,775	$	3.45	5.12

1 Excludes 3,635 non-stock option equity awards that were outstanding under the Legacy Getty 2012 Plan, which were converted to Class A common stock upon closing of the Business Combination.

Intrinsic Value of Stock Options

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


	December 31,
	2023		2022
Stock options outstanding	$	56,534	$	75,888
Stock options exercisable	$	54,944	$	68,431
Stock options vested and expected to vest	$	56,502	$	75,704

Stock Options, Valuation Assumptions

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 were as follows:


	Year Ended December 31,
	2023			2022			2021
Weighted average grant date fair value per award	$	2.20		$	3.17		$	1.19
Valuation model used	Black-Scholes			Black-Scholes			Black-Scholes
Expected award price volatility	50		%	50		%	35		%
Risk-free rate of return	3.70		%	4.15		%	1.15		%
Expected life of awards	5.89 years			5.7 years			6.1 years
Expected rate of dividends	None			None			None

Restricted Stock Units Activity

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


	Number of awards	Weighted Average Grant-Date Fair Value
Outstanding — December 31, 2022	4,367	5.58
Granted	3,567	$	4.80
Vested	(2,048)	$	5.55
Cancelled	(242)	$	5.08
Outstanding - December 31, 2023	5,644	$	5.12


	Number
	of	Weighted Average
	awards	Grant-Date Fair Value
Outstanding — December 31, 2022	—	$	—
Granted	4,568	$	4.72
Vested	(4,568)	$	4.72
Cancelled	—	$	—
Outstanding — December 31, 2023	—	$	—

Performance Stock Units Activity

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


	Number of awards	Weighted Average Grant-Date Fair Value
Outstanding — December 31, 2022	—	$	—
Granted	963	$	4.76
Vested	—	$	—
Cancelled	—	$	—
Outstanding - December 31, 2023	963	$	4.76

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	Jul. 22, 2022 $ / shares shares	Apr. 01, 2021 segment	Dec. 31, 2023 USD ($) performanceObligation segment	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($) segment	Jan. 01, 2022 USD ($)	Dec. 31, 2020 USD ($)	Jun. 15, 2016 USD ($)
Concentration Risk [Line Items]
Exchange ratio used for restating the shares, capital amounts and earnings per share			1.27905
Reclassification from selling, general and administrative expense			$ (402,516)	$ (375,582)	$ (367,704)
Loss on litigation			116,051	1,101	0
Net foreign currency transaction gain (loss)			(23,800)	24,600	36,400
Accounts receivable - net of allowance			6,527	6,460	5,946		$ 7,773
Other long-term assets			$ 41,262	51,952
Deferred rent						$ 8,300
Related party transaction				900	1,500
Service period of equity-based compensation			4 years
Advertising and marketing costs			$ 48,500	$ 55,800	$ 53,700
Number of operating segments \| segment		1	1	1	1
Operating lease liabilities			$ 49,638	$ 56,312		61,300
Right of use asset			$ 41,098	47,231		$ 53,100
Revision of Prior Period, Adjustment
Concentration Risk [Line Items]
Reclassification from selling, general and administrative expense				1,100
Loss on litigation				$ 1,100
Uncapped Digital Content Subscriptions
Concentration Risk [Line Items]
Number of performance obligations \| performanceObligation			2
Minimum
Concentration Risk [Line Items]
Percentage of license fee earned and retained			50.00%
Maximum
Concentration Risk [Line Items]
Percentage of license fee earned and retained			65.00%
Related Party
Concentration Risk [Line Items]
Other long-term assets								$ 24,000
Interest rate								2.50%
Delegates Concentration Risk \| Third-party Delegates \| Revenue from Contract with Customer Benchmark
Concentration Risk [Line Items]
Concentration risk percentage			3.00%	3.00%	3.00%
Revenue from Rights Concentration Risk \| License \| Minimum
Concentration Risk [Line Items]
Concentration risk percentage			35.00%
Revenue from Rights Concentration Risk \| License \| Maximum
Concentration Risk [Line Items]
Concentration risk percentage			50.00%
Supplier Concentration Risk \| Cost of Goods and Service, Product and Service Benchmark \| Minimum
Concentration Risk [Line Items]
Concentration risk percentage			20.00%
Supplier Concentration Risk \| Cost of Goods and Service, Product and Service Benchmark \| Maximum
Concentration Risk [Line Items]
Concentration risk percentage			50.00%
Public Warrants
Concentration Risk [Line Items]
Number of warrants issued during the period (in shares) \| shares	20,700,000
Private Placement Warrants
Concentration Risk [Line Items]
Number of warrants issued during the period (in shares) \| shares	18,560,000
Forward Purchase Warrants
Concentration Risk [Line Items]
Number of warrants issued during the period (in shares) \| shares	3,750,000
Number of shares entitled by each warrant \| shares	1
Exercise price (in dollars per share) \| $ / shares	$ 11.50
Getty Images SEA Holdings Co., Limited ("Getty SEA")
Concentration Risk [Line Items]
Ownership percentage by parent			50.00%
Ownership percentage by non-controlling stockholder's interest			50.00%
Noncontrolling Interest
Concentration Risk [Line Items]
Other long-term assets			$ 10,000	$ 9,600
Cost of investment				$ 2,000
Getty Images Holdings, Inc
Concentration Risk [Line Items]
Percentage of equity interest			72.00%

EQUITY-BASED COMPENSATION - Restricted Stock Units Activity (Details) - Restricted stock units shares in Thousands	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Number of awards
Outstanding, beginning balance (in shares) \| shares	4,367
Granted (in shares) \| shares	3,567
Vested (in shares) \| shares	(2,048)
Cancelled (in shares) \| shares	(242)
Outstanding, ending balance (in shares) \| shares	5,644
Weighted Average Grant-Date Fair Value
Outstanding at the beginning (in dollars per share) \| $ / shares	$ 5.58
Granted (in dollars per share) \| $ / shares	4.80
Vested (in dollars per share) \| $ / shares	5.55
Cancelled (in dollars per share) \| $ / shares	5.08
Outstanding at the end (in dollars per share) \| $ / shares	$ 5.12
Earn Out Plan
Number of awards
Outstanding, beginning balance (in shares) \| shares	0
Granted (in shares) \| shares	4,568
Vested (in shares) \| shares	(4,568)
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	4.72
Vested (in dollars per share) \| $ / shares	4.72
Cancelled (in dollars per share) \| $ / shares	0
Outstanding at the end (in dollars per share) \| $ / shares	$ 0

SEGMENT AND GEOGRAPHIC INFORMATION - Geographic Revenue based on Customer Location (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	$ 916,555	$ 926,244	$ 918,688
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	515,374	525,775	496,607
Europe, the Middle East, and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	298,589	293,673	317,435
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	$ 102,592	$ 106,796	$ 104,646

- 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

BUSINESS COMBINATION - Number of Shares of Common Stock Issued Immediately following the Consummation of the Business Combination (Details) - shares	Jul. 22, 2022	Dec. 31, 2023	Jul. 21, 2022
Business Acquisition [Line Items]
Common stock of CCNB, net of redemptions (in shares)			508,311
CCNB shares held by the Sponsor (in shares)			25,700,000
Total shares issued in Business Combination and related transactions (in shares)	112,208,311
PIPE Subscription Agreements
Business Acquisition [Line Items]
Shares issued (in shares)	36,000,000
Forward Purchase Agreement
Business Acquisition [Line Items]
Shares issued (in shares)	20,000,000
Backstop Facility Agreement
Business Acquisition [Line Items]
Shares issued (in shares)	30,000,000
Legacy Getty Images
Business Acquisition [Line Items]
Total shares issued in Business Combination and related transactions (in shares)	324,147,226
Legacy Getty Images \| Common Stock Holders
Business Acquisition [Line Items]
Total shares issued in Business Combination and related transactions (in shares)	196,938,915
Legacy Getty Images \| Redeemable Preferred Stock Holders
Business Acquisition [Line Items]
Total shares issued in Business Combination and related transactions (in shares)	15,000,000
CC Neuberger Principal Holdings II ("CCNB")
Business Acquisition [Line Items]
Common stock, issued (in shares)		5,140,000

LEASES - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2022
Leases [Abstract]
2024	$ 12,377
2025	12,941
2026	7,416
2027	6,289
2028	5,382
Thereafter	14,644
Total undiscounted lease payments	59,049
Less: imputed interest	(9,411)
Total lease liabilities	$ 49,638	$ 56,312	$ 61,300

IDENTIFIABLE INTANGIBLE ASSETS - NET - Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (614,211)	$ (580,677)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross amount, intangible assets	1,018,016	1,000,225
Accumulated Amortization	(614,211)	(580,677)
Net amount, intangible assets	403,805	419,548
Trade name
Indefinite-Lived Intangible Assets [Line Items]
Trade name	397,495	389,484
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Gross Amount	104,109	104,053
Accumulated Amortization	(104,109)	(104,026)
Net Amount	0	27
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (104,109)	(104,026)
Trademarks and trade names \| Minimum
Finite-Lived Intangible Assets [Line Items]
Range of Estimated Useful Lives	5 years
Trademarks and trade names \| Maximum
Finite-Lived Intangible Assets [Line Items]
Range of Estimated Useful Lives	10 years
Patented and unpatented technology
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 111,045	109,275
Accumulated Amortization	(106,869)	(103,419)
Net Amount	4,176	5,856
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (106,869)	(103,419)
Patented and unpatented technology \| Minimum
Finite-Lived Intangible Assets [Line Items]
Range of Estimated Useful Lives	3 years
Patented and unpatented technology \| Maximum
Finite-Lived Intangible Assets [Line Items]
Range of Estimated Useful Lives	10 years
Customer lists, contracts, and relationships
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 399,378	391,454
Accumulated Amortization	(397,244)	(367,273)
Net Amount	2,134	24,181
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (397,244)	(367,273)
Customer lists, contracts, and relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Range of Estimated Useful Lives	5 years
Customer lists, contracts, and relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Range of Estimated Useful Lives	11 years
Non-compete Covenant
Finite-Lived Intangible Assets [Line Items]
Range of Estimated Useful Lives	3 years
Gross Amount	$ 900	900
Accumulated Amortization	(900)	(900)
Net Amount	0	0
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(900)	(900)
Other identifiable intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Amount	5,089	5,059
Accumulated Amortization	(5,089)	(5,059)
Net Amount	0	0
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (5,089)	$ (5,059)
Other identifiable intangible assets \| Minimum
Finite-Lived Intangible Assets [Line Items]
Range of Estimated Useful Lives	3 years
Other identifiable intangible assets \| Maximum
Finite-Lived Intangible Assets [Line Items]
Range of Estimated Useful Lives	13 years

INCOME TAXES - Deferred Tax Assets, Liabilities and Valuation Allowance (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets
Income tax attributes	$ 242,234	$ 225,831
Accrued liabilities and reserves	18,874	7,109
Operating lease liabilities	9,077	10,969
Prepaid expenses	0	0
Stock-based compensation expense	5,893	6,736
Other	855	1,656
Gross deferred tax assets	276,933	252,301
Less valuation allowance	(168,185)	(216,745)
Total deferred tax assets	108,748	35,556
Deferred tax liabilities
Amortization and depreciation	(44,932)	(43,556)
Operating lease assets	(7,598)	(9,139)
Prepaid expenses	(3,667)	(1,569)
Other	(4,731)	(10,095)
Net deferred tax assets, net of valuation allowance	$ 47,820
Net deferred tax liabilities, net of valuation allowance		$ (28,803)

INCOME TAXES - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current:
United States	$ 26,720	$ 20,652	$ 22,321
Foreign	1,823	9,487	(7,756)
Total current income tax expense (benefit)	28,543	30,139	14,565
Deferred:
United States	(15,169)	13,356	4,698
Foreign	(59,856)	631	(534)
Total deferred income tax expense (benefit)	(75,025)	13,987	4,164
Total provision for income tax expense	$ (46,482)	$ 44,126	$ 18,729

- Definition

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

+ References + Details

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Financial Instrument Assets Recorded at Fair Value

Financial instrument assets recorded at fair value as of December 31 are as follows (in thousands):


	As of December 31, 2023
	Level 1		Level 2		Level 3		Total
Money market funds (cash equivalents)	$	57,062	$	—	$	—	$	57,062
Derivative assets:
Interest rate swaps	—		1,459		—		1,459
	$	57,062	$	1,459	$	—	$	58,521


	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 December 31 are as follows (in thousands):


	As of December 31, 2023
	Level 1		Level 2		Level 3		Total
Term Loans	$	—	$	1,104,237	$	—	$	1,104,237
Senior Notes	—		302,250		—		302,250
	$	—	$	1,406,487	$	—	$	1,406,487


	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

Quantitative Information Associated with Fair Value Measurements of Level 3 inputs

The following table provides quantitative information associated with the fair value measurements of the Company’s Level 3 inputs:

Fair Value as of
December 31, 2023
(in thousands)

Valuation
Technique

Unobservable Input

Range

Contingent Consideration

—

Probability-adjusted discounted cash flow

Probabilities of success

—%

Years until milestone is expected to be achieved

0.33 years

Discount rate

9.94%

Reconciliation of Fair Value Liabilities with Unobservable Inputs

The following table presents changes in the fair value of the Contingent Consideration for the years ended December 31 (in thousands):


	Year end December 31,
	2023		2022
Balance, beginning of period	$	—	$	14,039

Payment	—		(10,000)
Change in fair value of Contingent Consideration	—		(4,039)
Balance, end of period	$	—	$	—

The following table presents the change in the fair value of the Private Placement Warrants for the year ended December 31, 2022 (in thousands):


	Year end December 31, 2022
Balance, beginning of period	$	—
Assumed in Business Combination (Note 3)	56,237
Change in fair value	176,616
Exercise	(232,853)
Balance, end of period	$	—

DERIVATIVE INSTRUMENTS - Narrative (Details) - Not Designated as Hedging Instrument $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2019 USD ($) derivativeInstrument	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2023
Foreign Exchange Option
DERIVATIVE INSTRUMENTS
Derivative contracts, notional amounts		$ 0.0	$ 0.0	$ 15.2
Gain recognized on derivatives			0.7	1.7
Interest Rate Swap
DERIVATIVE INSTRUMENTS
Loss recognized on derivatives		$ 7.6
Gain recognized on derivatives			$ 22.8	$ 17.6
Number of interest rate swaps to hedge interest rate risk (in derivative instruments) \| derivativeInstrument	2
Embedded floor option rate, maximum		0.00%			(10.00%)
Interest Rate Swap, One
DERIVATIVE INSTRUMENTS
Derivative contracts, notional amounts	$ 175.0
Fixed interest rate	2.501%
Interest Rate Swap, Two
DERIVATIVE INSTRUMENTS
Derivative contracts, notional amounts	$ 355.0
Fixed interest rate		2.538%

ACQUISITION - Components of the Fair Value of Consideration Transferred (Details) - Unsplash Inc. $ in Thousands	Apr. 01, 2021 USD ($)
Business Acquisition [Line Items]
Cash	$ 95,418
Contingent Consideration	13,200
Total fair value of consideration transferred	$ 108,618

BUSINESS COMBINATION - Narrative (Details)		12 Months Ended
BUSINESS COMBINATION - Narrative (Details)	Jul. 22, 2022 USD ($) tranche $ / shares shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2021 USD ($)
Business Acquisition [Line Items]
Purchase price per share (in dollars per share) \| $ / shares	$ 0.0001
Number of authorized shares (in shares)	2,006,140,000
Par value per share (in dollars per share) \| $ / shares	$ 0.0001
Preferred stock, authorized (in shares)	1,000,000	1,000,000	1,000,000
Goodwill \| $		$ 1,499,578,000	$ 1,501,814,000	$ 1,503,245,000
Forward Purchase Warrants
Business Acquisition [Line Items]
Number of warrants issued during the period (in shares)	3,750,000
Backstop Facility Agreement
Business Acquisition [Line Items]
Number of shares issued	30,000,000
Sponsor Side Letter
Business Acquisition [Line Items]
Number of shares to be convert to restricted sponsor shares	5,140,000
Trading days for volume weighted average price of shares	20 days
Consecutive trading days for volume weighted average price of shares	30 days
PIPE Subscription Agreements
Business Acquisition [Line Items]
Number of shares issued	36,000,000
Forward Purchase Agreement
Business Acquisition [Line Items]
Number of shares issued	20,000,000
Aggregate gross proceeds \| $	$ 200,000,000
Class A common stock
Business Acquisition [Line Items]
Common stock, authorized (in shares)	2,000,000,000	2,000,000,000	2,000,000,000
Class A common stock \| Backstop Facility Agreement
Business Acquisition [Line Items]
Number of shares issued	30,000,000
Purchase price per share (in dollars per share) \| $ / shares	$ 10.00
Aggregate gross proceeds \| $	$ 300,000,000
Class A common stock \| PIPE Subscription Agreements
Business Acquisition [Line Items]
Number of shares issued	36,000,000
Purchase price per share (in dollars per share) \| $ / shares	$ 10.00
Aggregate gross proceeds \| $	$ 360,000,000
Class A common stock \| Forward Purchase Agreement
Business Acquisition [Line Items]
Number of shares issued	20,000,000
Class B Common Stock
Business Acquisition [Line Items]
Common stock, authorized (in shares)	5,140,000	5,100,000	5,100,000
Series B-1 Common Stock \| Sponsor Side Letter
Business Acquisition [Line Items]
Number of shares upon conversion	2,570,000
Threshold for volume weighted average price (in dollars per share) \| $ / shares	$ 12.50
Series B-2 Common Stock \| Sponsor Side Letter
Business Acquisition [Line Items]
Number of shares upon conversion	2,570,000
Threshold for volume weighted average price (in dollars per share) \| $ / shares	$ 15.00
Common Stock Holders \| Series B-1 Common Stock \| Sponsor Side Letter
Business Acquisition [Line Items]
Threshold for volume weighted average price (in dollars per share) \| $ / shares	12.50
Common Stock Holders \| Series B-2 Common Stock \| Sponsor Side Letter
Business Acquisition [Line Items]
Threshold for volume weighted average price (in dollars per share) \| $ / shares	$ 15.00
Legacy Getty Images
Business Acquisition [Line Items]
Number of shares received as consideration	324,147,226
Consecutive trading days for volume weighted average price of shares	30 days
Legacy Getty Images \| Business Combination Agreement
Business Acquisition [Line Items]
Earn-out period	10 years
Period from occurrence of an applicable triggering event	10 days
Maximum number of earn-out shares issuable to former equity holders	59,000,000
Number of tranches for issuance of earn-out shares \| tranche	3
Trading days for volume weighted average price of shares	20 days
Legacy Getty Images \| Business Combination Agreement \| Earn-Out Tranche I
Business Acquisition [Line Items]
Threshold for volume weighted average price (in dollars per share) \| $ / shares	$ 12.50
Legacy Getty Images \| Business Combination Agreement \| Earn-Out Tranche II
Business Acquisition [Line Items]
Threshold for volume weighted average price (in dollars per share) \| $ / shares	15.00
Legacy Getty Images \| Business Combination Agreement \| Earn-Out Tranche III
Business Acquisition [Line Items]
Threshold for volume weighted average price (in dollars per share) \| $ / shares	$ 17.50
Legacy Getty Images \| Common Stock Holders
Business Acquisition [Line Items]
Number of shares held by shareholder	153,322,880
Number of shares received as consideration	196,938,915
Legacy Getty Images \| Common Stock Holders \| Class A common stock
Business Acquisition [Line Items]
Number of shares received as consideration	196,938,915
Legacy Getty Images \| Common Stock Holders \| Class A common stock \| Business Combination Agreement \| Earn-Out Tranche I
Business Acquisition [Line Items]
Threshold for volume weighted average price (in dollars per share) \| $ / shares	$ 12.50
Legacy Getty Images \| Common Stock Holders \| Class A common stock \| Business Combination Agreement \| Earn-Out Tranche II
Business Acquisition [Line Items]
Threshold for volume weighted average price (in dollars per share) \| $ / shares	15.00
Legacy Getty Images \| Common Stock Holders \| Class A common stock \| Business Combination Agreement \| Earn-Out Tranche III
Business Acquisition [Line Items]
Threshold for volume weighted average price (in dollars per share) \| $ / shares	$ 17.50
Legacy Getty Images \| Redeemable Preferred Stock Holders
Business Acquisition [Line Items]
Number of shares received as consideration	15,000,000
Cash \| $	$ 615,000,000
Legacy Getty Images \| Redeemable Preferred Stock Holders \| Class A common stock
Business Acquisition [Line Items]
Number of shares received as consideration	15,000,000
Consideration in shares, fair value \| $	$ 140,200,000
CC Neuberger Principal Holdings II ("CCNB")
Business Acquisition [Line Items]
Cash \| $		$ 614,996,000
Goodwill \| $	0
Other intangible assets \| $	$ 0

FAIR VALUE OF FINANCIAL INSTRUMENTS

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company’s disclosable financial instruments as of December 31, 2023 and 2022 consist of cash equivalents, interest rate swaps, debt, and contingent consideration. Assets and liabilities measured at fair value on a recurring basis (cash equivalents, interest rates swaps and common stock warrants) and a nonrecurring basis (debt) are categorized in the tables below based on the levels discussed in “Note 2 — Summary of Significant Accounting Policies”.

Financial instrument assets recorded at fair value as of December 31 are as follows (in thousands):


	As of December 31, 2023
	Level 1		Level 2		Level 3		Total
Money market funds (cash equivalents)	$	57,062	$	—	$	—	$	57,062
Derivative assets:
Interest rate swaps	—		1,459		—		1,459
	$	57,062	$	1,459	$	—	$	58,521


	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.

Financial instrument liabilities recorded or disclosed at fair value as of December 31 are as follows (in thousands):


	As of December 31, 2023
	Level 1		Level 2		Level 3		Total
Term Loans	$	—	$	1,104,237	$	—	$	1,104,237
Senior Notes	—		302,250		—		302,250
	$	—	$	1,406,487	$	—	$	1,406,487


	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. See “Note 12 — Debt” for additional disclosures on the Term Loans and Senior Notes.

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 and exchange rates. The Company recalculates and validates this fair value using publicly available market inputs using the market approach.

Contingent Consideration — As of December 31, 2023 and 2022, the Company had estimated its obligations to transfer Contingent Consideration relating to the acquisition of Unsplash to be zero. The Company recorded acquisition-date fair value of the Contingent Consideration, based on the likelihood of contingent earn-out payments, as part of the consideration transferred. The earn-out payments are remeasured to fair value each reporting date. Changes in the fair value of the Contingent Consideration are recognized within “Other operating expense (income) –

net” on the Consolidated Statement of Operations. The fair value of the Contingent Consideration is based on significant inputs not observable in the market, and as such the Company classified the financial liability as Level 3. The fair value of the Contingent Consideration may change significantly as additional data is obtained, impacting the Company’s assumptions regarding probabilities of outcomes used to estimate the fair value of the liabilities. In evaluating this information, considerable judgment is required to interpret the data used to develop the assumptions and estimates. The estimates of fair value may not be indicative of the amounts that could be realized in a current market exchange. Accordingly, the use of different market assumptions and/or different valuation techniques may have a material effect on the estimated fair value amounts, and such changes could materially impact the Company’s results of operations in future periods.

The Contingent Consideration payments are based on revenue of Unsplash as outlined in “Note 4 — Acquisition.” The Two-Year Earnout was met and a payment of $10.0 million was made during the year ended December 31, 2022.

The following table provides quantitative information associated with the fair value measurements of the Company’s Level 3 inputs:

Fair Value as of
December 31, 2023
(in thousands)

Valuation
Technique

Unobservable Input

Range

Contingent Consideration

—

Probability-adjusted discounted cash flow

Probabilities of success

—%

Years until milestone is expected to be achieved

0.33 years

Discount rate

9.94%

This Contingent Consideration was valued using an income approach where revenue was simulated in a risk-neutral framework using Geometric Brownian Motion, a model of stock price behavior that is used in option pricing models such as the Black-Scholes option pricing model. The real options method extends this model to situations where the asset of interest (revenue in this case) is not priced in the market. The significant unobservable inputs used in the fair value measurement of the Contingent Consideration forecasts of expected future revenues and the probability of achievement of those forecasts. Increases in the assessed likelihood of a higher payout under a Contingent Consideration arrangement contribute to increases in the fair value of the related liability. Conversely, decreases in the assessed likelihood of a higher payout under a Contingent Consideration arrangement contribute to decreases in the fair value of the related liability.

The following table presents changes in the fair value of the Contingent Consideration for the years ended December 31 (in thousands):


	Year end December 31,
	2023		2022
Balance, beginning of period	$	—	$	14,039

Payment	—		(10,000)
Change in fair value of Contingent Consideration	—		(4,039)
Balance, end of period	$	—	$	—

Public, Private Placement and Forward Purchase Warrants — When outstanding, the Public Warrants were classified within Level 1 as they were publicly traded and had an observable market price in an active market. The Forward Purchase Warrants, which had identical terms as the Public Warrants, were valued similar to the Public Warrants and were classified within Level 2.

The Private Placement Warrants, all of which were exercised on a cashless basis in August 2022, were valued based on a Black-Scholes option pricing model, using assumptions and estimates the Company believes would be made by a market participant in making the same valuation. The Private Placement Warrants were collectively classified as a Level 3 measurement within the fair value hierarchy because the valuation model involves the use of unobservable inputs relating to the Company’s estimate of its expected stock volatility, which was developed based on the historical volatility of a publicly traded set of peer companies.

Changes in the fair value of the Private Placement Warrant liability related to updated assumptions and estimates are recognized within the Consolidated Statements of Operations as a non-operating expense. The changes in the fair value of the Private Placement Warrant liability resulted from changes in the fair values of the underlying Class A common shares and its associated volatilities.

The following table presents the change in the fair value of the Private Placement Warrants for the year ended December 31, 2022 (in thousands):


	Year end December 31, 2022
Balance, beginning of period	$	—
Assumed in Business Combination (Note 3)	56,237
Change in fair value	176,616
Exercise	(232,853)
Balance, end of period	$	—

- 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

REVENUE (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue by Product

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


	Year Ended December 31,
	2023		2022		2021
Creative	$	578,727	$	585,398	$	596,917
Editorial	320,643		325,779		306,631
Other	17,185		15,067		15,140
Total Revenue	$	916,555	$	926,244	$	918,688

REVENUE

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

REVENUE

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

Creative —Creative is comprised of royalty free (“RF”) photos, illustrations, vectors, videos, and generative AI-services, 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 with one of the largest privately held archives globally with access to images to 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):


	Year Ended December 31,
	2023		2022		2021
Creative	$	578,727	$	585,398	$	596,917
Editorial	320,643		325,779		306,631
Other	17,185		15,067		15,140
Total Revenue	$	916,555	$	926,244	$	918,688

The December 31, 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 year ended December 31, 2023, the Company recognized revenue of $139.3 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

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 19,577	$ (77,643)	$ 117,397
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	54,374	49,574	51,099
Amortization	24,069	43,645	49,361
Unrealized exchange gains on foreign denominated debt	16,579	(26,636)	(39,173)
Equity-based compensation	37,652	9,292	6,440
Non-cash fair value adjustment for common stock warrants	0	160,728	0
Deferred income taxes – net	(76,624)	15,801	5,793
Uncertain tax positions	(12,561)	(5,368)	(20,507)
Non-cash fair value adjustment for swaps and foreign currency exchange contracts	7,573	(22,005)	(20,196)
Amortization of debt issuance costs	3,965	6,096	6,741
Non cash operating lease costs	12,173	9,760	0
Impairment of right of use assets	0	2,563	0
Loss on extinguishment of debt	0	2,693	0
Transaction costs allocated to common stock warrants	0	4,262	0
Non-cash fair value adjustment of contingent consideration	0	(4,039)	1,373
Other	4,458	3,428	(725)
Changes in assets and liabilities:
Accounts receivable	(11,704)	6,016	(16,075)
Accounts payable	9,799	6,001	(555)
Accrued expenses	(6,808)	(14,231)	18,712
Insurance recovery receivable	(48,615)	0	0
Litigation reserves	98,149	0	0
Lease liabilities, non-current	(13,187)	(11,408)	0
Income taxes receivable/payable	8,027	(188)	320
Deferred revenue	4,532	9,140	24,783
Other	1,288	(4,364)	4,102
Net cash provided by operating activities	132,716	163,117	188,890
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	(56,999)	(59,291)	(49,317)
Purchase of a minority investment	0	(2,000)	0
Acquisition of a business, net of cash acquired	0	0	(89,206)
Other investing activities	0	0	1,597
Net cash used in investing activities	(56,999)	(61,291)	(136,926)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt	(50,400)	(310,400)	(17,449)
Payment of contingent consideration	0	(10,000)	0
Payment of Redeemable Preferred Stock	0	(614,996)	0
Cash contributions from business combination	0	864,164	0
Cash paid for debt issuance costs	(1,137)	0	0
Proceeds from common stock issuance	15,050	0	0
Cash paid for settlement of employee taxes related to exercise of equity-based awards	(8,713)	(6,267)	0
Cash paid for equity issuance costs	(150)	(106,917)	(1,851)
Proceeds from option and warrant exercises	0	313	35
Redemption of warrants for cash	0	(244)	0
Net cash used in financing activities	(45,350)	(184,347)	(19,265)
EFFECTS OF EXCHANGE RATE FLUCTUATIONS	8,089	(6,614)	(2,479)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	38,456	(89,135)	30,220
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of period	102,394	191,529	161,309
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of period	140,850	102,394	191,529
SUPPLEMENTAL DISCLOSURES:
Interest paid	122,826	110,909	115,258
Income taxes paid, including foreign taxes withheld	$ 31,700	$ 30,800	$ 32,300

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Cash and cash equivalents	$ 136,623	$ 97,912
Restricted cash	4,227	4,482
Total cash, cash equivalents and restricted cash	$ 140,850	$ 102,394	$ 191,529	$ 161,309

BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2023

Reverse Recapitalization [Abstract]

Reconciliation of Elements of the Business Combination to the Consolidated Statement of Cash Flows and the Consolidated Statements of Redeemable Preferred Stock and Stockholders' Equity (Deficit)

The following table reconciles the elements of the Business Combination to the Consolidated Statement of Cash Flows and the Consolidated Statements of Redeemable Preferred Stock and Stockholders’ Equity (Deficit) for the year ended December 31, 2022 (in thousands):


Cash – CCNB trust and cash, net of redemptions	$	4,164
Cash – PIPE Financing	360,000
Cash – Forward Purchase Agreement	200,000
Cash – Backstop Agreement	300,000
Less: Cash paid to redeem Redeemable Preferred Stock	(614,996)
Less: Transaction costs paid during the year ended December 31, 2022	(106,917)
Net cash contributions from the Business Combination and related transactions	$	142,251
Add: Non-cash assets received from CCNB	806
Add: Transaction costs allocated to warrants	4,262
Add: Cash paid to redeem Redeemable Preferred Stock	614,996
Add: Tax effect of change in tax basis due to business combination	6,508
Less: Fair value of Public, Private Placement and Forward Purchase Warrants	(72,374)
Less: Transaction costs previously paid by Legacy Getty during 2021 or accrued at December 31, 2022	(1,989)
Net Business Combination and related transactions, excluding Redeemable Preferred Stock redemption	$	694,460
Add: Fair value of Class A common stock issued to redeem Redeemable Preferred Stock	140,250
Net Business Combination and related transactions, including Redeemable Preferred Stock redemption	$	834,710

Number of Shares of Common Stock Issued Immediately following the Consummation of the Business Combination

The number of shares of common stock issued immediately following the consummation of the Business Combination:


Common stock of CCNB, net of redemptions			508,311
CCNB shares held by the Sponsor			25,700,000
Shares issued in the PIPE Financing			36,000,000
Shares issued in the Forward Purchase Agreement			20,000,000
Shares issued in the Backstop Agreement			30,000,000
Total shares issued in Business Combination and related transactions			112,208,311
Shares issued for Getty Images common stock			196,938,915
Shares issued upon redemption of Getty Images Redeemable Preferred Stock			15,000,000
Total shares of common stock immediately following the Business Combination			324,147,226

___________________________________

CCNB shares held by the Sponsor in the table above include 5,140,000 Restricted Sponsor Shares.

IDENTIFIABLE INTANGIBLE ASSETS - NET - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 2,106
2025	2,106
2026	818
2027	284
2028	$ 284

DESCRIPTION OF THE BUSINESS	12 Months Ended
DESCRIPTION OF THE BUSINESS	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS	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 offers a full range of content, with over 562 million assets available through its industry-leading sites. The Company serves businesses in almost every country in the world with websites in 23 languages bringing content to media outlets, advertising agencies and corporations and, increasingly, serving individual creators and prosumers. On July 22, 2022 (the “Closing Date”), the Company consummated the transactions in the Business Combination Agreement, dated December 9, 2021 (the “Business Combination Agreement” and the consummation of such transactions, the “Closing”), by and among CC Neuberger Principal Holdings II, a Cayman Islands exempted company (“CCNB”), the Company (at such time, named Vector Holding, LLC, a Delaware limited liability company and wholly-owned subsidiary of CCNB), Vector Domestication Merger Sub, LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company (“Domestication Merger Sub”), Vector Merger Sub 1, LLC, a Delaware limited liability company and a wholly-owned subsidiary of CCNB (“G Merger Sub 1”), Vector Merger Sub 2, LLC, a Delaware limited liability company and a wholly-owned subsidiary of CCNB (“G Merger Sub 2”), Griffey Global Holdings, Inc., a Delaware corporation (“Legacy Getty”), and Griffey Investors, L.P., a Delaware limited partnership (the “Partnership”). On the day prior to the Closing Date, the Company statutorily converted from a Delaware limited liability company to a Delaware corporation (the “Statutory Conversion”). On the Closing Date, CCNB merged with and into Domestication Merger Sub, with Domestication Merger Sub surviving the merger as a wholly-owned direct subsidiary of the Company (the “Domestication Merger”). Following the Domestication Merger on the Closing Date, G Merger Sub 1 merged with and into Legacy Getty, with Legacy Getty surviving the merger as an indirect wholly-owned subsidiary of the Company (the “First Getty Merger”). Immediately after the First Getty Merger, Legacy Getty merged with and into G Merger Sub 2 with G Merger Sub 2 surviving the merger as an indirect wholly-owned subsidiary of the Company (the “Second Getty Merger” and together with the First Getty Merger, the “Getty Mergers” and, together with the Statutory Conversion and the Domestication Merger, the “Business Combination”). See “Note 3 — Business Combination” for further details. Legacy Getty was incorporated in Delaware on September 25, 2012, and in October of the same year, indirectly acquired Getty Images, Inc.

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Federal income tax expense (benefit) at the statutory rate	$ (5,651)	$ (7,039)	$ 28,586
Effect of:
State taxes, net of federal benefit	(1,736)	(3,092)	3,632
Tax impact of foreign earnings and losses	11,524	11,453	(10,171)
Stock-based compensation	3,633	2,230	236
Nondeductible net loss on fair value adjustment for warrant liabilities	0	34,659	0
Valuation allowance	(49,425)	12,223	1,532
Tax credits	(5,284)	(6,852)	(5,030)
Other, net	457	544	(56)
Total provision for income tax expense	$ (46,482)	$ 44,126	$ 18,729

BUSINESS COMBINATION

12 Months Ended

Dec. 31, 2023

Reverse Recapitalization [Abstract]

BUSINESS COMBINATION

As discussed in “Note 1 – Description of the Business”, on July 22, 2022, the Company consummated the transactions contemplated by the Business Combination Agreement. At the Closing, and subject to the terms and conditions of the Business Combination Agreement, holders of 153,322,880 shares of Legacy Getty common stock received 196,938,915 shares of the Company’s Class A common stock as consideration in the Business Combination, and the previously outstanding Legacy Getty Redeemable Preferred Stock was retired in full through a combination of a cash payment of approximately $615.0 million and 15,000,000 shares of the Company’s Class A common stock with a fair value at issuance of $140.2 million. Each Legacy Getty Option (whether vested or unvested) to purchase Legacy Getty Common Shares was converted into an option to purchase a number of shares of the Company’s Class A common stock and at an exercise price converted based on the Exchange Ratio, calculated in accordance with the terms of the Business Combination Agreement.

In addition to the consideration paid at Closing, during a period to expire 10 years from the Closing Date (the “Earn-Out Period”), within 10 business days after the occurrence of an applicable triggering event, as described below, the Company was required to issue to former equity holders of Legacy Getty an aggregate of up to 59,000,000 shares of the Company’s Class A common stock (the “Earn-Out Shares”), upon the terms and subject to the conditions set forth in the Business Combination Agreement and the other agreements contemplated thereby. The Earn-Out Shares were issuable in three equal tranches if (i) the volume weighted average price of the shares of the Company’s Class A common stock over any 20 trading days within any 30 consecutive trading day period was greater than or equal to $12.50, $15.00 and $17.50, respectively, or (ii) if there was a change of control of the Company prior to the expiration of the Earn-Out Period that would result in the holders of shares of the Company’s Class A common stock receiving a price per share equal to or in excess of $12.50, $15.00 and $17.50, respectively. The Earn-Out Shares were accounted for as equity-classified equity instruments and recorded in additional paid-in capital as part of the Business Combination.

Pursuant to a certain letter agreement executed concurrently with the Business Combination Agreement (the “Sponsor Side Letter”), CC Neuberger Principal Holdings II Sponsor, LLC (the “Sponsor”), its independent directors and certain affiliates, agreed to convert, through a series of transactions, 5,140,000 of its CCNB Class B common stock into 2,570,000 Series B-1common stock and 2,570,000 Series B-2 common stock of the Company (the shares of Series B-2 common stock together with the shares of Series B-1 common stock, the “Restricted Sponsor Shares”), which were subject to forfeiture if certain vesting events are not satisfied. The Series B-1 common stock and Series B-2 common stock would vest and convert into shares of Class A common stock if (i) the volume weighted average price of the shares of the Company’s Class A common stock over any 20 trading days within any 30 consecutive trading day period was greater than or equal to $12.50 and $15.00, respectively, or (ii) if there was a change of control of the Company that would result in the holders of shares of the Company’s Class A common stock receiving a price per share equal to or in excess of $12.50 and $15.00, respectively. The Restricted Sponsor Shares are accounted for as equity-classified equity instruments and recorded in additional paid-in capital as part of the Business Combination.

Concurrent with the execution of the Business Combination Agreement, CCNB and the Company entered into Subscription Agreements (the “PIPE Subscription Agreements”) with the Sponsor and Getty Investments. Additionally, on December 28, 2021, CCNB and the Company entered into the Permitted Equity Subscription Agreement with Multiply Group (the “Permitted Equity Subscription Agreement”). On July 22, 2022, Getty Investments entered into an additional subscription agreement with the Company (the “Additional Getty Subscription Agreement”). Pursuant to the PIPE Subscription Agreements, the Permitted Equity Subscription Agreement and the Additional Getty Subscription Agreement, on the Closing Date, the Sponsor, Getty Investments and Multiply Group subscribed for and purchased, and CCNB and the Company issued and sold to such investors, an aggregate of 36,000,000 shares of the Company’s Class A common stock for a purchase price of $10.00 per share, for aggregate gross proceeds of $360.0 million (the “PIPE Financing”).

On the Closing Date, the Company completed the issuance and sale of 20,000,000 shares of the Company’s Class A common stock and 3,750,000 Forward Purchase Warrants to Neuberger Berman Opportunistic Capital Solutions Master Fund LP (“NBOKS”) for an aggregate purchase price of $200.0 million, in connection with the Forward Purchase Agreement. Refer to “Note 5 – Common Stock Warrants” for additional information on the accounting for the Forward Purchase Warrants.

Additionally, on the Closing Date, the Company completed the sale of 30,000,000 shares of the Company’s Class A common stock to NBOKS, for a purchase price of $10.00 per share and aggregate purchase price of $300.0 million, pursuant to that certain Backstop Facility Agreement dated November 16, 2020, as amended.

Upon the closing of the Business Combination, the Company’s certificate of incorporation was amended and restated to, among other things, increase the total number of authorized shares of all classes of capital stock to 2,006,140,000 shares, $0.0001 par value per share, of which, 2,000,000,000 shares are designated as Class A common stock, 5,140,000 shares are designated as Class B common stock, and 1,000,000 shares are designated as preferred stock.

The Business Combination 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 Getty Images is treated as the acquirer for financial reporting purposes. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of Getty Images issuing stock for the net assets of CCNB, accompanied by a recapitalization. The net assets of CCNB are stated at historical cost, with no goodwill or other intangible assets recorded.


Cash – CCNB trust and cash, net of redemptions	$	4,164
Cash – PIPE Financing	360,000
Cash – Forward Purchase Agreement	200,000
Cash – Backstop Agreement	300,000
Less: Cash paid to redeem Redeemable Preferred Stock	(614,996)
Less: Transaction costs paid during the year ended December 31, 2022	(106,917)
Net cash contributions from the Business Combination and related transactions	$	142,251
Add: Non-cash assets received from CCNB	806
Add: Transaction costs allocated to warrants	4,262
Add: Cash paid to redeem Redeemable Preferred Stock	614,996
Add: Tax effect of change in tax basis due to business combination	6,508
Less: Fair value of Public, Private Placement and Forward Purchase Warrants	(72,374)
Less: Transaction costs previously paid by Legacy Getty during 2021 or accrued at December 31, 2022	(1,989)
Net Business Combination and related transactions, excluding Redeemable Preferred Stock redemption	$	694,460
Add: Fair value of Class A common stock issued to redeem Redeemable Preferred Stock	140,250
Net Business Combination and related transactions, including Redeemable Preferred Stock redemption	$	834,710

The number of shares of common stock issued immediately following the consummation of the Business Combination:


Common stock of CCNB, net of redemptions			508,311
CCNB shares held by the Sponsor			25,700,000
Shares issued in the PIPE Financing			36,000,000
Shares issued in the Forward Purchase Agreement			20,000,000
Shares issued in the Backstop Agreement			30,000,000
Total shares issued in Business Combination and related transactions			112,208,311
Shares issued for Getty Images common stock			196,938,915
Shares issued upon redemption of Getty Images Redeemable Preferred Stock			15,000,000
Total shares of common stock immediately following the Business Combination			324,147,226

___________________________________

CCNB shares held by the Sponsor in the table above include 5,140,000 Restricted Sponsor Shares.

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS - Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
NET INCOME (LOSS)	$ 19,577	$ (77,643)	$ 117,397
Net income (loss) attributable to noncontrolling interest	238	(89)	329
Premium on early redemption of Redeemable Preferred Stock	0	26,678	0
Redeemable Preferred Stock dividend	0	43,218	71,393
NET INCOME (LOSS) ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC.	$ 19,339	$ (147,450)	$ 45,675
Weighted-average Class A common stock outstanding:
Basic (in shares)	399,037,805	276,942,660	196,084,650
Effect of dilutive securities (in shares)	12,457,220	0	5,422,705
Diluted (in shares)	411,495,025	276,942,660	201,507,355
Net income (loss) per share of Class A common stock attributable to Getty Images Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ 0.05	$ (0.53)	$ 0.23
Diluted (in dollars per share)	$ 0.05	$ (0.53)	$ 0.23

INCOME TAXES - U.S. Federal Tax Credits with Expiration Periods (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Tax Credit Carryforward [Line Items]
Total	$ 44,307
Foreign
Tax Credit Carryforward [Line Items]
Foreign tax credits, expiring between 2023 and 2033	$ 44,307

DEFINED CONTRIBUTION EMPLOYEE BENEFIT PLANS	12 Months Ended
DEFINED CONTRIBUTION EMPLOYEE BENEFIT PLANS	Dec. 31, 2023
Retirement Benefits [Abstract]
DEFINED CONTRIBUTION EMPLOYEE BENEFIT PLANS	DEFINED CONTRIBUTION EMPLOYEE BENEFIT PLANS The Company sponsors defined contribution retirement plans in which the majority of employees are able to participate. The Company sponsors one defined contribution plan in the U.S., a 401(k) plan, in which all U.S. employees over 18 years of age are auto-enrolled unless they opt-out. The Company matches 100% of participant contributions, up to the first 4% of each participant’s eligible compensation (generally including salary, bonuses and commissions), not to exceed the Internal Revenue Service per person annual limitations. Additionally, the Company sponsors one defined contribution pension plan in the U.K. Employees who contribute a minimum of 3% of their eligible compensation (generally including salary, bonuses, and commissions), generally receive a Company contribution of 5% of eligible compensation. Lastly, the Company also has a group registered retirement savings plan (RRSP) for employees in Canada. The Company matches dollar-for-dollar up to 3% of base salary. Employee contributions are deducted on a pre- tax basis and they may begin participating after 3 months of service. The Company’s contributions to these plans and other defined contribution plans worldwide totaled $7.8 million, $7.4 million and $8.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. These contributions were recorded as “Selling, general and administrative expenses” in the Consolidated Statements of Operations.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Cash and Cash Equivalents

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


	As of December 31,
	2023		2022
Cash and cash equivalents	$	136,623	$	97,912
Restricted cash	4,227		4,482
Total cash, cash equivalents and restricted cash	$	140,850	$	102,394

Restrictions on Cash and Cash Equivalents

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


	As of December 31,
	2023		2022
Cash and cash equivalents	$	136,623	$	97,912
Restricted cash	4,227		4,482
Total cash, cash equivalents and restricted cash	$	140,850	$	102,394

Allowance for Doubtful Accounts

Allowance for doubtful accounts changed as follows during the years presented (in thousands):


	Year Ended December 31,
	2023		2022		2021
Beginning of year	$	6,460	$	5,946	$	7,773
Provision	2,228		1,465		750
Deductions	(2,161)		(951)		(2,577)
End of year	$	6,527	$	6,460	$	5,946

SEGMENT AND GEOGRAPHIC INFORMATION - Narrative (Details) - segment		12 Months Ended
	Apr. 01, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Concentration Risk [Line Items]
Number of operating segments	1	1	1	1
Number of reportable segments		1	1	1
Geographic Concentration Risk \| Revenue from Contract with Customer Benchmark \| UNITED STATES
Concentration Risk [Line Items]
Concentration risk percentage		51.20%	51.70%	48.90%
Geographic Concentration Risk \| Revenue from Contract with Customer Benchmark \| UNITED KINGDOM
Concentration Risk [Line Items]
Concentration risk percentage		11.10%	10.40%	11.50%
Geographic Concentration Risk \| Assets, Total \| UNITED STATES
Concentration Risk [Line Items]
Concentration risk percentage		45.20%	47.00%
Geographic Concentration Risk \| Assets, Total \| IRELAND
Concentration Risk [Line Items]
Concentration risk percentage		42.80%	41.70%

DEBT - Narrative (Details) € in Millions		1 Months Ended	12 Months Ended
DEBT - Narrative (Details) € in Millions	May 04, 2023 USD ($)	Aug. 31, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 EUR (€)	May 03, 2023 USD ($)	Dec. 31, 2022 EUR (€)	Feb. 28, 2019 USD ($)	Feb. 28, 2019 EUR (€)
Debt Instrument [Line Items]
Fees incurred			$ 400,000	$ 400,000	$ 400,000
Loss on extinguishment of debt			$ 0	2,693,000	$ 0
Amortization of issuance costs and debt discount				300,000,000
Revolving credit facility
Debt Instrument [Line Items]
Principal amount									$ 80,000,000
Maximum borrowing capacity									110,000,000
Revolving credit facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 150,000,000						$ 80,000,000
Debt instrument, term	180 days
Trigger aggregate face amount	$ 100,000,000
Senior Notes
Debt Instrument [Line Items]
Principal amount									$ 300,000,000
Interest rate									9.75%	9.75%
USD Term Loans
Debt Instrument [Line Items]
Principal amount									$ 1,040,000,000
Repayments of debt		$ 300,000,000
Loss on extinguishment of debt				$ 2,700,000
Quarterly installments		$ 2,600,000
Percentage of excess cash flow principal payment			50.00%
Average rate					4.63%	9.55%		6.00%
EUR Term Loans
Debt Instrument [Line Items]
Principal amount \| €						€ 419.0		€ 419.0		€ 450.0
Amortization of debt issuance costs and discounts			$ 0
Average rate					5.00%	8.21%		5.27%
EUR Term Loans \| Adjusted Eurodollar rate
Debt Instrument [Line Items]
Interest rate						5.00%
Base rate loans
Debt Instrument [Line Items]
Interest rate						3.50%
Base rate loans \| NYFRB Rate
Debt Instrument [Line Items]
Spread on variable rate			0.50%
Base rate loans \| Adjusted Term Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Spread on variable rate			1.00%
Eurodollar loans \| Adjusted Term Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest rate						4.50%
Term Loans \| Adjusted Term Secured Overnight Financing Rate (SOFR) \| Secured Debt
Debt Instrument [Line Items]
Floor variable rate						0.00%
Term Loans \| Secured Overnight Financing Rate (SOFR) \| Secured Debt
Debt Instrument [Line Items]
Spread on variable rate			10.00%

LEASES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease costs related to short-term leases	$ 8,900	$ 10,000	$ 11,800
Impairment of right of use assets	$ 314	$ 2,600

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Future Minimum Payments under Debt Obligations, Non-Cancelable Operating Leases and Other Purchase Obligations

The future minimum payments under debt obligations, non-cancelable operating leases and other purchase obligations are as follows as of December 31, 2023 (in thousands):


	Years ended December 31,
	2024		2025		2026		2027		2028		Thereafter		Total
USD Term Loans and EUR Term loans:
Principal payments	$	—	$	—	$	1,100,588	$	—	$	—	$	—	$	1,100,588
Interest payments1	99,400		83,831		11,121		—		—		—		194,352
Senior Notes:
Principal payments	—		—		—		300,000		—		—		300,000
Interest payments	29,250		29,250		29,250		14,625		—		—		102,375
Revolver commitment fee	763		681		—		—		—		—		1,444
Operating lease payments on facilities leases	13,486		12,953		7,946		7,010		6,074		16,497		63,966
Minimum royalty guarantee payments to content suppliers	41,577		40,531		23,331		11,198		11,067		8,875		136,579
Technology purchase commitments	8,399		6,165		1,063		—		—		—		15,627
Other commitments	2,766		514		222		—		—		—		3,502
Total commitments	$	195,641	$	173,925	$	1,173,521	$	332,833	$	17,141	$	25,372	$	1,918,433

1 These are estimated payments based on interest rate curves valued as of December 31, 2023. Rates used for the EUR Term Loans are 8.3% for 2024, 6.9% for 2025 and 6.8% for 2026. Rates used for the USD Term Loans are 9.3% for 2024, 7.9% for 2025 and 7.6% for 2026.

GOODWILL

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

Goodwill was tested for impairment as of October 1, 2023 and 2022. The Company did not recognize a goodwill impairment charge during the year ended December 31, 2023 and 2022. The fair value of the Goodwill was estimated using both market indicators of fair value and the expected present value of future cash flows. As of December 31, 2023 and 2022, the accumulated impairment loss on Goodwill was $525.0 million for both years.

Goodwill changed during the years presented as follows (in thousands):


	Goodwill before impairment		Accumulated impairment charge		Goodwill – net
December 31, 2021	$	2,028,245	$	(525,000)	$	1,503,245
Effects of fluctuations in foreign currency exchange rates	(3,667)		—		(3,667)
December 31, 2022	$	2,024,578	$	(525,000)	$	1,499,578
Effects of fluctuations in foreign currency exchange rates	2,236		—		2,236
December 31, 2023	$	2,026,814	$	(525,000)	$	1,501,814

EQUITY‑BASED COMPENSATION - Intrinsic Value of Stock Options (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock options outstanding	$ 56,534	$ 75,888
Stock options exercisable	54,944	68,431
Stock options vested and expected to vest	$ 56,502	$ 75,704

DEBT (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Components of Debt

Debt included the following (in thousands):


	Year end December 31,
	2023		2022
Senior Notes	$	300,000	$	300,000
USD Term Loans	637,000		687,400
EUR Term Loans	463,588		446,996
Less: issuance costs and discounts amortized to interest expense	(1,930)		(5,549)
Long-term debt – net	$	1,398,658	$	1,428,847

COMMON STOCK WARRANTS (Details) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended	12 Months Ended
	Oct. 19, 2022	Jul. 22, 2022	Aug. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class of Warrant or Right [Line Items]
Amount paid for redemption of warrants				$ 0	$ 244	$ 0
Public Warrants
Class of Warrant or Right [Line Items]
Number of shares entitled by each warrant		20,700,000
Number fractional shares issued upon exercise of warrants		0
Redemption price per public warrant (in dollars per share)		$ 0.01
Stock price trigger for redemption of public warrants (in dollars per share)		$ 18.00
Threshold trading days for redemption of public warrants		20 days
Consecutive threshold trading days for redemption of warrants		30 days
Transaction costs allocated to warrants		$ 4,300
Number of shares issued upon exercise of warrants	10,328
Cash proceeds from exercise of warrants	$ 100
Warrants outstanding (in shares)				0	0
Public Warrants \| Class A common stock
Class of Warrant or Right [Line Items]
Number of shares entitled by each warrant		1
Exercise price (in dollars per share)		$ 11.50
Private Placement Warrants
Class of Warrant or Right [Line Items]
Number of shares entitled by each warrant		18,560,000
Non-cash change in fair value of warrants, gain (loss)			$ (176,600)
Private Placement Warrants \| Class A common stock
Class of Warrant or Right [Line Items]
Number of shares entitled by each warrant		1
Exercise price (in dollars per share)		$ 11.50
Number of shares issued on exercise of warrants			11,555,996
Forward Purchase Warrants
Class of Warrant or Right [Line Items]
Number of shares entitled by each warrant		3,750,000
Number of shares entitled by each warrant		1
Exercise price (in dollars per share)		$ 11.50
Public and Forward Purchase Warrants
Class of Warrant or Right [Line Items]
Redemption price per public warrant (in dollars per share)	$ 0.01
Non-cash change in fair value of warrants, gain (loss)	$ 15,900
Transaction costs allocated to warrants		$ 4,300
Amount paid for redemption of warrants	$ 200

OTHER ASSETS AND LIABILITIES - Other Long-Term Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Assets And Liabilities [Abstract]
Long term note receivable from a related party	$ 24,000	$ 24,000
Minority and other investments	12,454	12,097
Derivative asset	0	9,032
Tax receivable	0	2,700
Equity method investment	2,852	2,064
Long term deposits	1,526	1,609
Other	430	450
Other long-term assets	$ 41,262	$ 51,952

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Seattle, Washington
Auditor Firm ID	42

IDENTIFIABLE INTANGIBLE ASSETS - NET

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

IDENTIFIABLE INTANGIBLE ASSETS - NET

IDENTIFIABLE INTANGIBLE ASSETS — NET

Identifiable intangible assets consisted of the following at December 31 (in thousands, except years):


		As of December 31,
		2023						2022
	Range of Estimated Useful Lives (Years)	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Trade name	Indefinite	$	397,495	$	—	$	397,495	$	389,484	$	—	$	389,484
Trademarks and trade names	5–10	104,109		(104,109)		—		104,053		(104,026)		27
Patented and unpatented technology	3–10	111,045		(106,869)		4,176		109,275		(103,419)		5,856
Customer lists, contracts, and relationships	5–11	399,378		(397,244)		2,134		391,454		(367,273)		24,181
Non-compete Covenant	3	900		(900)		—		900		(900)		—
Other identifiable intangible assets	3–13	5,089		(5,089)		—		5,059		(5,059)		—
		$	1,018,016	$	(614,211)	$	403,805	$	1,000,225	$	(580,677)	$	419,548

The Getty Images and Unsplash trade names were valued using an estimated royalty rate which considered name recognition, licensing practices of the Company and its competitors for similar services, and other relevant qualitative factors.

Based on balances at December 31, 2023, the estimated aggregate amortization expense for identifiable intangible assets for the next five years is as follows (in thousands):


Fiscal Years Ended December 31,
2024	$	2,106
2025	$	2,106
2026	$	818
2027	$	284
2028	$	284

COMMITMENTS AND CONTINGENCIES - Future Minimum Payments under Debt Obligations, Non-Cancelable Operating Leases and Other Purchase Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Feb. 28, 2019
Revolver commitment fee
2024	$ 763
2025	681
2026	0
2027	0
2028	0
Thereafter	0
Total	1,444
Operating lease payments on facilities leases
2024	13,486
2025	12,953
2026	7,946
2027	7,010
2028	6,074
Thereafter	16,497
Total	63,966
Minimum royalty guarantee payments to content suppliers
2024	41,577
2025	40,531
2026	23,331
2027	11,198
2028	11,067
Thereafter	8,875
Total	136,579
Technology purchase commitments
2024	8,399
2025	6,165
2026	1,063
2027	0
2028	0
Thereafter	0
Total	15,627
Other commitments
2024	2,766
2025	514
2026	222
2027	0
2028	0
Thereafter	0
Total	3,502
Total commitments
2024	195,641
2025	173,925
2026	1,173,521
2027	332,833
2028	17,141
Thereafter	25,372
Total	$ 1,918,433
EUR term loans 2024
Total commitments
Interest rate	8.30%
EUR term loans 2025
Total commitments
Interest rate	6.90%
EUR term loans 2026
Total commitments
Interest rate	6.80%
USD term loans 2024
Total commitments
Interest rate	9.30%
USD term loans 2025
Total commitments
Interest rate	7.90%
USD term loans 2026
Total commitments
Interest rate	7.60%
USD Term Loans and EUR Term loans:
Principal payments
2024	$ 0
2025	0
2026	1,100,588
2027	0
2028	0
Thereafter	0
Total	1,100,588
Interest payments
2024	99,400
2025	83,831
2026	11,121
2027	0
2028	0
Thereafter	0
Total	194,352
Senior Notes
Principal payments
2024	0
2025	0
2026	0
2027	300,000
2028	0
Thereafter	0
Total	300,000	$ 300,000
Interest payments
2024	29,250
2025	29,250
2026	29,250
2027	14,625
2028	0
Thereafter	0
Total	$ 102,375
Total commitments
Interest rate			9.75%

FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative Information Associated with Fair Value Measurements of Level 3 inputs (Details) - Level 3 $ in Thousands	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration	$ 0
Probabilities of success
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurements input	0
Years until milestone is expected to be achieved
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurements input	0.33
Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurements input	0.0994

INCOME TAXES - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Uncertain tax benefits, beginning of year	$ 28,967	$ 33,425	$ 47,637
Gross increase to tax positions related to prior years	338	31	121
Gross decrease to tax positions related to prior years	(36)	(1,109)	(413)
Gross increase to tax positions related to the current year	2,036	675	2,204
Gross decrease to tax positions related to the current year	0	0	0
Settlements	(4,636)	0	0
Lapse of statute of limitations	(6,514)	(4,055)	(16,124)
Uncertain tax benefits, end of year	$ 20,155	$ 28,967	$ 33,425

EQUITY‑BASED COMPENSATION - Stock Options, Valuation Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]
Weighted average grant date fair value per award (in dollars per share)	$ 2.20	$ 3.17	$ 1.19
Expected award price volatility	50.00%	50.00%	35.00%
Risk-free rate of return	3.70%	4.15%	1.15%
Expected life of awards	5 years 10 months 20 days	5 years 8 months 12 days	6 years 1 month 6 days
Expected rate of dividends	0.00%	0.00%	0.00%

EQUITY-BASED COMPENSATION

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

EQUITY-BASED COMPENSATION

Equity-based compensation expense is recorded in “Selling, general and administrative expenses” in the Consolidated Statements of Operations, net of estimated forfeitures. The Company recognized equity-based compensation - net of estimated forfeitures of $40.6 million, $9.5 million, and $6.4 million for the years ended December 31, 2023, 2022 and 2021, respectively. The Company capitalized $3.0 million and $0.3 million of stock-based compensation expense associated with the cost of developing internal-use software during the year ended December 31, 2023 and 2022, respectively.

Prior to the Business Combination, certain employees of the Company were granted equity awards under Legacy Getty’s Amended and Restated 2012 Equity Incentive Plan of the Parent (“Legacy Getty 2012 Plan”). Upon closing of the Business Combination, awards under the Legacy Getty 2012 Plan were converted at the Exchange Ratio, and the Company’s board of directors approved the Getty Images Holdings, Inc. 2022 Equity Incentive Plan (“2022 Plan”). The 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 7,750,436 are available to be issued as of December 31, 2023.

Stock Options — The following tables presents a summary of the Company’s stock option activity for the year ended December 31, 2023 (in thousands except weighted average data and years):


	Number of awards	Weighted Average Exercise Price		Remaining Average Contractual Life (in Years)
Outstanding — December 31, 20211	26,271	$	3.98	5.87
Retroactive application of recapitalization	7,331	$	(0.87)	0
Outstanding — December 31, 2021, after effect of recapitalization	33,602	$	3.11	5.87
Granted	978	6.18
Exercised	(2,959)	4.36
Pre-vesting forfeitures	(1,659)	3.32
Post-vesting cancellations	(27)	2.77
Outstanding - December 31, 2022	29,935	3.08		5.85
Granted	2,936	$	6.49
Exercised	(5,017)	3.00
Pre-vesting forfeitures	(32)	4.94
Post-vesting cancellations	(31)	6.00
Outstanding - December 31, 2023	27,791	3.45		5.12

Exercisable - December 31, 2023	23,845	$	3.02	4.50
Vested and expected to vest after December 31, 2023	27,775	$	3.45	5.12

1 Excludes 3,635 non-stock option equity awards that were outstanding under the Legacy Getty 2012 Plan, which were converted to Class A common stock upon closing of the Business Combination.

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):


	December 31,
	2023		2022
Stock options outstanding	$	56,534	$	75,888
Stock options exercisable	$	54,944	$	68,431
Stock options vested and expected to vest	$	56,502	$	75,704

The intrinsic value of stock options exercised for the years ended December 31, 2023 and December 31, 2022 was approximately $14.9 million and $14.8 million, respectively. The intrinsic value of stock options exercised in the year ended December 31, 2021 was insignificant.

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 were as follows:


	Year Ended December 31,
	2023			2022			2021
Weighted average grant date fair value per award	$	2.20		$	3.17		$	1.19
Valuation model used	Black-Scholes			Black-Scholes			Black-Scholes
Expected award price volatility	50		%	50		%	35		%
Risk-free rate of return	3.70		%	4.15		%	1.15		%
Expected life of awards	5.89 years			5.7 years			6.1 years
Expected rate of dividends	None			None			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 December 31, 2023 there was $6.6 million of total unrecognized compensation expense related to outstanding stock options, which the Company expects to recognize over a weighted average period of approximately 2.1 years. During the years ended December 31, 2023, 2022 and 2021, the fair value of stock options that vested was $3.8 million, $7.9 million, and $6.7 million, respectively.

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


	Number of awards	Weighted Average Grant-Date Fair Value
Outstanding — December 31, 2022	4,367	5.58
Granted	3,567	$	4.80
Vested	(2,048)	$	5.55
Cancelled	(242)	$	5.08
Outstanding - December 31, 2023	5,644	$	5.12

As of December 31, 2023, the total unrecognized compensation expense related to RSUs is approximately $24.6 million, which is expected to be recognized over a weighted average period of approximately 2.19 years.

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


	Number of awards	Weighted Average Grant-Date Fair Value
Outstanding — December 31, 2022	—	$	—
Granted	963	$	4.76
Vested	—	$	—
Cancelled	—	$	—
Outstanding - December 31, 2023	963	$	4.76

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 1.90 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 1,431,582 shares are available to be issued as of December 31, 2023.


	Number
	of	Weighted Average
	awards	Grant-Date Fair Value
Outstanding — December 31, 2022	—	$	—
Granted	4,568	$	4.72
Vested	(4,568)	$	4.72
Cancelled	—	$	—
Outstanding — December 31, 2023	—	$	—

As of December 31, 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 4.6 million are available to be issued as of December 31, 2023.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
NET INCOME (LOSS)	$ 19,577	$ (77,643)	$ 117,397
OTHER COMPREHENSIVE INCOME (LOSS):
Net foreign currency translation adjustment gain (losses)	21,852	(30,525)	(31,603)
COMPREHENSIVE INCOME (LOSS)	41,429	(108,168)	85,794
Less: Comprehensive gain (loss) attributable to noncontrolling interest	238	(89)	328
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC.	$ 41,191	$ (108,079)	$ 85,466

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-8

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-11

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480767/946-205-45-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483581/946-220-45-7

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(16))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481231/810-10-45-19

Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-6

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 29: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-7

Reference 33: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4J
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J

Reference 34: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4K
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-2

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A

+ Details

FAIR VALUE OF FINANCIAL INSTRUMENTS - Reconciliation of Fair Value Liabilities with Unobservable Inputs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 0	$ 14,039
Change in fair value of Contingent Consideration	0	(4,039)
Payment/exercise	0	(10,000)
Balance, end of period	0	0
Private Placement Warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 0	0
Assumed in Business Combination (Note 3)		56,237
Change in fair value		$ 176,616
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Fair Value Adjustment of Warrants
Payment/exercise		$ (232,853)
Balance, end of period		$ 0

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Accounts receivable allowance, current	$ 6,526	$ 6,460
Class A common stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, issued (in shares)	405,000,000	394,800,000
Common stock, outstanding (in shares)	405,000,000	394,800,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	5,100,000	5,100,000
Common stock, issued (in shares)	0	0
Common stock, outstanding (in shares)	0	0

ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Components of the Fair Value of Consideration Transferred

The components of the fair value of consideration transferred are as follows (in thousands):


Cash	$	95,418
Contingent Consideration	13,200
Total fair value of consideration transferred	$	108,618

Aggregate Purchase Price Allocated to Assets Acquired and Liabilities Assumed

The aggregate purchase price was allocated to the assets acquired and liabilities assumed as follows (in thousands):


Assets acquired and liabilities assumed:	Fair Value at Acquisition Date
Cash and cash equivalents	$	6,213
Accounts receivable	1,061
Other current assets	736
Prepaid expenses	118
Property and equipment	1,729
Other long term assets	306
Identifiable intangible assets	23,900
Goodwill	75,782
Total assets acquired	$	109,845
Accounts payable and accrued expenses	(128)
Deferred income tax liability	(1,099)
Total liabilities assumed	(1,227)
Net assets acquired	$	108,618

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Commitments — The Company has entered into agreements that represent significant, enforceable and legally binding contractual obligations that are noncancelable without incurring a significant penalty. If a contract is cancelable with a penalty, the amount shown in the table below is the full contractual obligation, not the penalty, as the Company currently intends to fulfill each of these obligations.

Liabilities for uncertain tax positions are excluded from this table due to the uncertainty of the timing of the resolution of the underlying tax positions. At December 31, 2023, net uncertain tax positions were $24.8 million. The entire balance as of December 31, 2023 is non-current as the timing of resolution is uncertain and no portion of these liabilities is expected to be cash settled within the next 12 months.

Payments under purchase orders, certain sponsorships, donations and other commitments that are not enforceable and legally binding contractual obligations are also excluded from this table, as are payments, guaranteed and contingent, under employment contracts because they do not constitute purchase commitments.

The Company leases real estate under operating lease agreements that expire on various dates and does not anticipate any difficulties in renewing those leases that expire within the next several years or in leasing other space or hosting facilities, if required. The Company enters into unconditional purchase obligations related to contracts for cloud-based services, infrastructure and other business services as well as minimum royalty guarantees in connection with certain content licenses. The future minimum payments under debt obligations, non-cancelable operating leases and other purchase obligations are as follows as of December 31, 2023 (in thousands):


	Years ended December 31,
	2024		2025		2026		2027		2028		Thereafter		Total
USD Term Loans and EUR Term loans:
Principal payments	$	—	$	—	$	1,100,588	$	—	$	—	$	—	$	1,100,588
Interest payments1	99,400		83,831		11,121		—		—		—		194,352
Senior Notes:
Principal payments	—		—		—		300,000		—		—		300,000
Interest payments	29,250		29,250		29,250		14,625		—		—		102,375
Revolver commitment fee	763		681		—		—		—		—		1,444
Operating lease payments on facilities leases	13,486		12,953		7,946		7,010		6,074		16,497		63,966
Minimum royalty guarantee payments to content suppliers	41,577		40,531		23,331		11,198		11,067		8,875		136,579
Technology purchase commitments	8,399		6,165		1,063		—		—		—		15,627
Other commitments	2,766		514		222		—		—		—		3,502
Total commitments	$	195,641	$	173,925	$	1,173,521	$	332,833	$	17,141	$	25,372	$	1,918,433

Offsetting operating lease payments will be approximately $5.0 million in receipts for subleased facilities each year through 2025, and $1.2 million in 2026. Offsetting the minimum royalty guarantee payments to content suppliers will be approximately $2.0 million in minimum guaranteed receipts from content suppliers for each of the years through 2025.

Contingencies — The Company indemnifies certain customers from claims related to alleged infringements of the intellectual property rights of third parties or misappropriation of publicity or personality rights of third parties, such as claims arising from copyright infringement or failure to secure model and property releases for images the Company licenses if such a release is required. The standard terms of these indemnifications require the Company to defend those claims upon notice and pay related damages, if any. The Company typically mitigates this risk by requiring all uses of licenses to be within the scope of the license, securing all necessary model and property releases for imagery for which the Company holds the copyright, and by contractually requiring contributing photographers and other imagery partners to do the same prior to submitting any imagery to the Company and by limiting damages/liability in certain circumstances. Additionally, the Company requires all contributors and image partners, as well as potential

acquisition targets to warrant that the content licensed to or purchased by the Company does not and shall not infringe upon or misappropriate the rights of third parties. The Company requires contributing photographers, other imagery partners and sellers of businesses or image collections that Getty Images has purchased to indemnify the Company in certain circumstances where a claim arises in relation to an image they have provided or sold to the Company. Imagery Partners are typically required to carry insurance policies for losses related to such claims and individual contributors are encouraged to carry such policies and the Company itself has insurance policies to cover litigation costs for such claims. The Company will record liabilities for these indemnifications if and when such claims are probable and the range of possible payments and available recourse from imagery partners can be assessed, as applicable. Historically, the exposure to such claims has been immaterial, as were the recorded liabilities for intellectual property infringement at December 31, 2023 or 2022.

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. These may include:

•agreements with vendors and suppliers, under which the Company may indemnify them against claims arising from Getty Images’ use of their products or services;

•agreements with customers other than those licensing images, under which the Company may indemnify them against claims arising from their use of Getty Images’ products or services;

•agreements with agents, delegates and distributors, under which the Company may indemnify them against claims arising from their distribution of Getty Images’ products or services;

•real estate and equipment leases, under which the Company may indemnify lessors against third-party claims relating to use of their property;

•agreements with directors and officers, under which the Company indemnifies them to the full extent allowed by Delaware law against claims relating to their service to Getty Images;

•agreements with purchasers of businesses Getty Images has sold, under which Getty Images may indemnify the purchasers against claims arising from the Company’s operation of the businesses prior to sale; and

•agreements with initial purchasers and underwriters of the Company’s debt securities, under which Getty Images indemnifies them against claims relating to their participation in the Transactions.

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 December 31, 2023 or 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 9.0% 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 interest pre-judgment through December 31, 2023 and associated legal fees through December 31, 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. As of December 31, 2023, the Company had a remaining insurance recovery receivable of $48.6 million.

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 such claims, individually or in aggregate, will not have a material adverse impact on the 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 $19.3 million. 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 $29.2 million.

PROPERTY AND EQUIPMENT - NET- Summary of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment	$ 677,321	$ 619,769
Less: accumulated depreciation	(497,943)	(447,686)
Property and equipment, net	$ 179,378	172,083
Contemporary imagery
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	5 years
Property and equipment	$ 395,063	377,858
Computer hardware purchased
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	3 years
Property and equipment	$ 2,809	6,783
Computer software developed for internal use
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	3 years
Property and equipment	$ 161,317	119,516
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment	$ 8,295	8,361
Leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	2 years
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	20 years
Furniture, fixtures and studio equipment
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	5 years
Property and equipment	$ 11,341	10,856
Archival imagery
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	40 years
Property and equipment	$ 96,090	94,043
Other
Property, Plant and Equipment [Line Items]
Property and equipment	$ 2,406	$ 2,352
Other \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	3 years
Other \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	4 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Legacy Getty was determined to be the accounting acquirer based on the following predominant factors:

•Legacy Getty stockholders have the greatest voting interest in the Company with approximately 72% of the voting interest;

•Legacy Getty stockholders have the ability to nominate a majority of the initial members of the Company’s Board of Directors;

•Legacy Getty senior management is the senior management of the Company; and

•Legacy Getty was the larger entity based on historical operating activity and had the larger employee base.

Reclassifications — Certain prior year amounts have been reclassified to conform to the current year presentation. For the year ending December 31, 2022, $1.1 million in legal fees associated with the warrant litigation was reclassified from “Selling, general and administrative expenses” to “Loss on litigation” within the Condensed Consolidated Statements of Operations.

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


	As of December 31,
	2023		2022
Cash and cash equivalents	$	136,623	$	97,912
Restricted cash	4,227		4,482
Total cash, cash equivalents and restricted cash	$	140,850	$	102,394

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

Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.

Allowance for doubtful accounts changed as follows during the years presented (in thousands):


	Year Ended December 31,
	2023		2022		2021
Beginning of year	$	6,460	$	5,946	$	7,773
Provision	2,228		1,465		750
Deductions	(2,161)		(951)		(2,577)
End of year	$	6,527	$	6,460	$	5,946

Deductions represent balances written off, net of amounts recovered that had previously been written off, and the effect of exchange rate fluctuations.

Expenditures that extend the life, increase the capacity or improve the efficiency of property and equipment are capitalized, while expenditures for repairs and maintenance are expensed as incurred.

See “Note 14 — Revenue” and “Note 21 — Segment and Geographic Information” for additional revenue disclosures.

As described in “Note 5 — Common Stock Warrants”, during the year ended December 31, 2022, all Warrants were exercised or redeemed.

Subsequent Events — The Company evaluated subsequent events and transactions for potential recognition or disclosure in the consolidated financial statements through March 15, 2024.

REVENUE - Narrative (Details) $ in Millions	12 Months Ended
REVENUE - Narrative (Details) $ in Millions	Dec. 31, 2023 USD ($) product staffMember
Revenue from Contract with Customer [Abstract]
Number of primary products \| product	3
Number of staff photographers and videographers (in employees) \| staffMember	110
Contract with customer, liability, revenue recognized \| $	$ 139.3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instrument Liabilities Recorded or Disclosed at Fair Value (Details) - Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term Loans	$ 1,104,237	$ 1,112,990
Senior Notes	302,250	297,354
Liabilities, fair value	1,406,487	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	1,104,237	1,112,990
Senior Notes	302,250	297,354
Liabilities, fair value	1,406,487	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

OTHER ASSETS AND LIABILITIES

12 Months Ended

Dec. 31, 2023

Other Assets And Liabilities [Abstract]

OTHER ASSETS AND LIABILITIES

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


	Year end December 31,
	2023		2022
Long term note receivable from a related party	$	24,000	$	24,000
Minority and other investments	12,454		12,097
Derivative asset	—		9,032
Tax receivable	—		2,700
Equity method investment	2,852		2,064
Long term deposits	1,526		1,609
Other	430		450
Total other long-term assets	$	41,262	$	51,952

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


	Year end December 31,
	2023		2022
Accrued compensation and related costs	$	16,933	$	23,851
Lease liabilities	9,780		10,094
Interest payable	9,942		9,993
Accrued professional fees	6,045		4,334
Other	953		1,055
Total accrued expenses	$	43,653	$	49,327

STOCKHOLDERS' EQUITY (DEFICIT)	12 Months Ended
STOCKHOLDERS' EQUITY (DEFICIT)	Dec. 31, 2023
Equity [Abstract]
STOCKHOLDERS' EQUITY (DEFICIT)	STOCKHOLDERS’ EQUITY (DEFICIT) Common Stock — Upon the closing of the Business Combination, the Company’s certificate of incorporation was amended and restated to, among other things, increase the total number of authorized shares of all classes of capital stock to 2,006,140,000 shares, $0.0001 par value per share, of which, 2,000,000,000 shares are designated as Class A common stock, 5,140,000 shares are designated as Class B common stock, and 1,000,000 shares are designated as preferred stock. Each holder of Class A common stock is entitled to one vote for each share on all matters properly submitted to a vote, including the election of directors. Class A Stockholders do not have cumulative voting rights in the election of directors. Accordingly, holders of a majority of the voting shares are able to elect all of the directors. Holders of shares of Class A common stock are entitled to dividends, if any, as may be declared from time-to-time by the Board out of legally available funds. Holders of Class A common stock have no preemptive, conversion, subscription or other rights, and there are no redemption or sinking fund provisions applicable to Class A common stock. Except as otherwise required by law, no holder of Class B common stock is entitled to any voting rights with respect to Class B common stock. If entitled to vote by law, each holder of Class B common stock is entitled to one vote per share. Holders of shares of Class B common stock are entitled to receive dividends, if any, as may be declared from time-to-time by the Board out of legally available funds, contingent upon the occurrence of a conversion into Class A common stock, as discussed below. The holders of shares of Class B common stock shall not be entitled to receive any assets of the Company in the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company. Holders of Class B common stock have no preemptive, conversion, subscription or other rights, and there are no redemption or sinking fund provisions applicable to Class B common stock. In connection with the Business Combination, 2,570,000 shares of Class B common stock were designated as Series B-1 common stock and 2,570,000 shares of Class B common stock were designated Series B-2 common stock. The Series B-1 common stock and Series B-2 common stock would automatically vest and convert into shares of Class A common stock if (i) the volume weighted average price of the shares of the Company’s Class A common stock over any 20 trading days within any 30 consecutive trading day period was greater than or equal to $12.50 and $15.00, respectively, or (ii) if there was a change of control of the Company that would result in the holders of shares of the Company’s Class A common stock receiving a price per share equal to or in excess of $12.50 and $15.00, respectively. In August 2022, the Series B-1 common stock and Series B-2 common stock automatically converted into 5,140,000 shares of Class A common stock. See “Note 5 — Common Stock Warrants” for further details. In August 2022, the Earn-Out Shares issued in connection with the Business Combination vested and 58,999,956 shares of Class A common stock were issued.

LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Additional Information on Leases

Additional information related to the Company’s leases as of and for the years ended December 31, 2023 and 2022, are as follows (in thousands, except for the lease term and discount rate):


	As of December 31, 2023			As of December 31, 2022
Right of use asset	$	41,098		$	47,231

Lease liabilities, current	9,780			10,094
Lease liabilities, non-current	39,858			46,218
Total lease liabilities	$	49,638		$	56,312

Weighted average remaining lease term	5.9 years			6.3 years
Weighted average discount rate	5.7		%	5.6		%

Cash paid for amounts included in lease liabilities	$	13,391		$	14,150
Right of use asset obtained in exchange for lease obligation upon adoption	$	—		$	53,076
Right of use asset obtained in exchange for lease obligations	$	2,591		$	6,050

Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2023 were as follows (in thousands):


Year ended December 31,
2024	$	12,377
2025	12,941
2026	7,416
2027	6,289
2028	5,382
Thereafter	14,644
Total undiscounted lease payments	59,049
Less: imputed interest	(9,411)
Total lease liabilities	$	49,638

DERIVATIVE INSTRUMENTS - Fair Value Amounts of Derivative Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair value amounts of derivative instruments
Asset	$ 1,459	$ 9,032
Liability	0	0
Interest rate swaps
Fair value amounts of derivative instruments
Asset	1,459	9,032
Liability	$ 0	$ 0

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS - Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	6,760,358	34,302,400	13,826,565
Common stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	4,424,674	29,934,987	13,826,565
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	2,335,684	4,367,413	0

PROPERTY AND EQUIPMENT - NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT - NET

PROPERTY AND EQUIPMENT – NET

Property and equipment consisted of the following at the reported Balance Sheet dates (in thousands, except years):


	Estimated Useful Lives (in Years)	December 31,
		2023		2022
Contemporary imagery	5	$	395,063	$	377,858
Computer hardware purchased	3	2,809		6,783
Computer software developed for internal use	3	161,317		119,516
Leasehold improvements	2–20	8,295		8,361
Furniture, fixtures and studio equipment	5	11,341		10,856
Archival imagery	40	96,090		94,043
Other	3–4	2,406		2,352
Property and equipment		677,321		619,769
Less: accumulated depreciation		(497,943)		(447,686)
Property and equipment, net		$	179,378	$	172,083

Included in archival imagery as of December 31, 2023 and 2022 was $10.2 million and $10.0 million respectively, of imagery that has an indefinite life and therefore is not amortized.

DEBT - Components of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Less: issuance costs and discounts amortized to interest expense	$ (1,930)	$ (5,549)
Long-term debt – net	1,398,658	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	637,000	687,400
EUR Term Loans
Debt Instrument [Line Items]
Long-term debt, gross	$ 463,588	$ 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482900/835-30-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

ACQUISITION - Narrative (Details)		12 Months Ended
ACQUISITION - Narrative (Details)	Apr. 01, 2021 USD ($) segment imageDownload imageView	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($) segment
Business Acquisition [Line Items]
Number of operating segments \| segment	1	1	1	1
Revenue since acquisition				$ 5,800,000
Operating loss since acquisition				$ 1,200,000
Unsplash Inc.
Business Acquisition [Line Items]
Payments to acquire business	$ 95,418,000
Threshold revenue period	12 years
Contingent consideration	$ 13,200,000	$ 0	$ 0
Transaction costs incurred	$ 400,000
Number of minimum image downloads \| imageDownload	102
Number of minimum image views per month \| imageView	20
Weighted average life of intangible assets	6 years
Unsplash Inc. \| Scenario One, Two-Year Earnout
Business Acquisition [Line Items]
Threshold revenue	$ 10,000,000
Earnout term	2 years
Payment for contingent consideration			$ 10,000,000
Unsplash Inc. \| Scenario Two, Three-Year Earnout
Business Acquisition [Line Items]
Threshold revenue	$ 30,000,000
Earnout term	3 years
Contingent consideration based on earnout	$ 10,000,000
Unsplash Inc. \| Scenario Five, Revenues That Exceed $30.0 million
Business Acquisition [Line Items]
Additional contingent consideration	1,000
Trigger amount exceeding threshold revenue for additional contingent consideration	1,000,000
Threshold revenue for additional contingent consideration	30,000,000
Unsplash Inc. \| Scenario Six, Revenues That Exceeds $60.0 million in Trailing 12-month Period
Business Acquisition [Line Items]
Additional contingent consideration	2,500
Trigger amount exceeding threshold revenue for additional contingent consideration	1,000,000
Threshold revenue for additional contingent consideration	$ 60,000,000

PROPERTY AND EQUIPMENT - NET - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Archival imagery
Property, Plant and Equipment [Line Items]
Property and equipment with indefinite life	$ 10.2	$ 10.0

COMMITMENTS AND CONTINGENCIES - Narrative (Details) $ in Thousands		12 Months Ended
	Oct. 27, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Feb. 17, 2023 lawsuit
COMMITMENTS AND CONTINGENCIES
Net uncertain tax positions		$ 24,800
Future receipts for subleased facilities, year one		5,000
Future receipts for subleased facilities, year two		5,000
Future receipts for subleased facilities, year three		1,200
Minimum guaranteed receipts from content suppliers, year one		2,000
Minimum guaranteed receipts from content suppliers, year one		2,000
Number of pending lawsuits \| lawsuit					2
Insurance recoveries		60,000	$ 0	$ 0
Insurance recovery receivable		48,615	$ 0
Maximum
COMMITMENTS AND CONTINGENCIES
Insurance recoveries		60,000
United States District Court For The Southern District Of New York, Alta Partners, LLC V. Getty Images Holdings, Inc., Case
COMMITMENTS AND CONTINGENCIES
Loss contingency, amount awarded to plaintiff	$ 36,900
Loss contingency, pre-judgement, per annum, interest rate	0.090
CRCM Institutional Master Fund (BVI) LTD, Et Al. V. Getty Images Holdings, Inc., Case
COMMITMENTS AND CONTINGENCIES
Loss contingency, amount awarded to plaintiff	$ 51,000
Loss contingency, pre-judgement, per annum, interest rate	0.090
Tax Assessment, Canada Revenue Agency
COMMITMENTS AND CONTINGENCIES
Loss contingency, amount sought by plaintiff		19,300
Tax Assessment, Canada Revenue Agency \| Maximum
COMMITMENTS AND CONTINGENCIES
Loss contingency, amount sought by plaintiff		$ 29,200

DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 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 Consolidated Balance Sheets (in thousands):


	As of December 31,
	2023				2022
	Asset		Liability		Asset		Liability
Derivatives not designated as hedging instruments:
Interest rate swaps	$	1,459	$	—	$	9,032	$	—

Total derivatives	$	1,459	$	—	$	9,032	$	—

BUSINESS COMBINATION - Reconciliation of Elements of the Business Combination to the Consolidated Statement of Cash Flows and the Consolidated Statements of Redeemable Preferred Stock and Stockholders' Equity (Deficit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Cash contributions from business combination	$ 0	$ 864,164	$ 0
Add: Cash paid to redeem Redeemable Preferred Stock	$ 0	614,996	$ 0
CC Neuberger Principal Holdings II ("CCNB")
Business Acquisition [Line Items]
Cash – CCNB trust and cash, net of redemptions		4,164
Less: Cash paid to redeem Redeemable Preferred Stock		(614,996)
Less: Transaction costs paid during the year ended December 31, 2022		(106,917)
Net cash contributions from the Business Combination and related transactions		142,251
Add: Non-cash assets received from CCNB		806
Add: Transaction costs allocated to warrants		4,262
Add: Cash paid to redeem Redeemable Preferred Stock		614,996
Add: Tax effect of change in tax basis due to business combination		6,508
Less: Fair value of Public, Private Placement and Forward Purchase Warrants		(72,374)
Less: Transaction costs previously paid by Legacy Getty during 2021 or accrued at December 31, 2022		(1,989)
Net Business Combination and related transactions, excluding Redeemable Preferred Stock redemption		694,460
Add: Fair value of Class A common stock issued to redeem Redeemable Preferred Stock		140,250
Net Business Combination and related transactions, including Redeemable Preferred Stock redemption		834,710
CC Neuberger Principal Holdings II ("CCNB") \| PIPE Subscription Agreements
Business Acquisition [Line Items]
Cash contributions from business combination		360,000
CC Neuberger Principal Holdings II ("CCNB") \| Forward Purchase Agreement
Business Acquisition [Line Items]
Cash contributions from business combination		200,000
CC Neuberger Principal Holdings II ("CCNB") \| Backstop Facility Agreement
Business Acquisition [Line Items]
Cash contributions from business combination		$ 300,000

REDEEMABLE PREFERRED STOCK	12 Months Ended
REDEEMABLE PREFERRED STOCK	Dec. 31, 2023
Temporary Equity Disclosure [Abstract]
REDEEMABLE PREFERRED STOCK.	REDEEMABLE PREFERRED STOCK Under its second amended and restated certificate of incorporation, Legacy Getty was authorized to issue up to 900,000 shares of series A preferred stock (the “Redeemable Preferred Stock”) with a par value of $0.01 per share. In conjunction with the Business Combination discussed in “Note 3 — Business Combination”, the previously outstanding Legacy Getty Redeemable Preferred Stock was redeemed in full during the year ended December 31, 2022 through a combination of a cash payment of approximately $615.0 million and 15,000,000 shares of the Company’s Class A common stock with a fair value at issuance of $140.2 million. Dividends declared and issued totaled $43.2 million (38,109 shares) and $71.4 million (70,574 shares) for the years ended December 31, 2022 and 2021, respectively. Redeemable Preferred Stock dividends were included in the Statements of Redeemable Preferred Stock and Stockholders’ Equity (Deficit) as a detriment to common stockholders and a benefit to Redeemable Preferred stockholders. Such dividends are also included as an adjustment to net income (loss) attributable to Getty Images Holdings, Inc. See “Note 22 — Net Income (Loss) Attributable to Common Stockholders”. Per the terms of the Redeemable Preferred Stock, the Company elected to early redeem outstanding shares of Redeemable Preferred Stock at a premium. The redemption amount upon the Closing date was equal to (i) the liquidation value multiplied by (ii) the redemption percentage, which was 105%. The Company recognized a $26.7 million increase in the redemption value immediately prior to the Closing. These changes were affected by charges against paid-in capital as the Company was in a retained deficit prior to the Business Combination.

EQUITY‑BASED COMPENSATION - Performance Stock Units Activity (Details) - Performance Shares shares in Thousands	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Number of awards
Outstanding, beginning balance (in shares) \| shares	0
Granted (in shares) \| shares	963
Vested (in shares) \| shares	0
Cancelled (in shares) \| shares	0
Outstanding, ending balance (in shares) \| shares	963
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	0
Cancelled (in dollars per share) \| $ / shares	0
Outstanding at the end (in dollars per share) \| $ / shares	$ 4.76

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 136,623	$ 97,912
Restricted cash	4,227	4,482
Accounts receivable – net of allowance of $6,526 and $6,460, respectively	138,730	129,603
Prepaid expenses	15,798	15,728
Insurance recovery receivable	48,615	0
Taxes receivable	9,758	11,297
Other current assets	11,253	10,497
Total current assets	365,004	269,519
PROPERTY AND EQUIPMENT – NET	179,378	172,083
RIGHT OF USE ASSETS	41,098	47,231
GOODWILL	1,501,814	1,499,578
IDENTIFIABLE INTANGIBLE ASSETS – NET	403,805	419,548
DEFERRED INCOME TAXES – NET	69,400	8,272
OTHER LONG-TERM ASSETS	41,262	51,952
TOTAL	2,601,761	2,468,183
CURRENT LIABILITIES:
Accounts payable	102,525	93,766
Accrued expenses	43,653	49,327
Income taxes payable	11,325	8,031
Litigation reserves	98,149	0
Deferred revenue	176,349	171,371
Total current liabilities	432,001	322,495
LONG-TERM DEBT – NET	1,398,658	1,428,847
LEASE LIABILITIES	39,858	46,218
DEFERRED INCOME TAXES – NET	21,580	37,075
UNCERTAIN TAX POSITIONS	24,772	37,333
OTHER LONG-TERM LIABILITIES	3,462	3,167
Total liabilities	1,920,331	1,875,135
Commitments and contingencies
STOCKHOLDERS’ EQUITY:
Preferred Stock, $0.0001 par value; 1.0 million shares authorized; no shares issued and outstanding as of December 31, 2023 and December 31, 2022.	0	0
Additional paid-in capital	1,983,276	1,936,324
Accumulated deficit	(1,263,015)	(1,282,354)
Accumulated other comprehensive loss	(87,076)	(108,928)
Total Getty Images Holdings, Inc. stockholders’ equity	633,225	545,081
Noncontrolling interest	48,205	47,967
Total stockholders’ equity	681,430	593,048
TOTAL	2,601,761	2,468,183
Class A common stock
STOCKHOLDERS’ EQUITY:
Class A common stock, $0.0001 par value: 2.0 billion shares authorized; 405.0 million shares issued and outstanding as of December 31, 2023 and 394.8 million shares issued and outstanding as of December 31, 2022	40	39
Class B Common Stock
STOCKHOLDERS’ EQUITY:
Class A common stock, $0.0001 par value: 2.0 billion shares authorized; 405.0 million shares issued and outstanding as of December 31, 2023 and 394.8 million shares issued and outstanding as of December 31, 2022	$ 0	$ 0

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2023	Mar. 11, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-41453
Entity Registrant Name	GETTY IMAGES HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 133,323,781.36
Entity Common Stock, Shares Outstanding		405,870,456
Documents Incorporated by Reference	Portions of the proxy statement for the 2024 Annual Meeting of Stockholders of Getty Images Holdings, Inc. are incorporated herein by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. Such proxy statement will be filed with the Securities and Exchange Commission within 120 days of Getty Images Holdings, Inc.’s fiscal year ended December 31, 2023.
Entity Central Index Key	0001898496
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

PROPERTY AND EQUIPMENT - NET (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Summary of Property and Equipment, Net

Property and equipment consisted of the following at the reported Balance Sheet dates (in thousands, except years):


	Estimated Useful Lives (in Years)	December 31,
		2023		2022
Contemporary imagery	5	$	395,063	$	377,858
Computer hardware purchased	3	2,809		6,783
Computer software developed for internal use	3	161,317		119,516
Leasehold improvements	2–20	8,295		8,361
Furniture, fixtures and studio equipment	5	11,341		10,856
Archival imagery	40	96,090		94,043
Other	3–4	2,406		2,352
Property and equipment		677,321		619,769
Less: accumulated depreciation		(497,943)		(447,686)
Property and equipment, net		$	179,378	$	172,083

STOCKHOLDERS' EQUITY (DEFICIT) (Details)		1 Months Ended
STOCKHOLDERS' EQUITY (DEFICIT) (Details)	Jul. 22, 2022 vote $ / shares shares	Aug. 31, 2022 shares	Dec. 31, 2023 shares	Dec. 31, 2022 shares
Class of Stock [Line Items]
Number of authorized shares (in shares)	2,006,140,000
Par value per share, (in dollars per share) \| $ / shares	$ 0.0001
Preferred stock, authorized (in shares)	1,000,000		1,000,000	1,000,000
Sponsor Side Letter
Class of Stock [Line Items]
Trading days for volume weighted average price of shares	20 days
Consecutive trading days for volume weighted average price of shares	30 days
Class A common stock
Class of Stock [Line Items]
Common stock, authorized (in shares)	2,000,000,000		2,000,000,000	2,000,000,000
Common stock, votes per share (in votes) \| vote	1
Number of shares converted		5,140,000
Issuance of common stock upon vesting of earn-out shares (in shares)		58,999,956
Class B Common Stock
Class of Stock [Line Items]
Common stock, authorized (in shares)	5,140,000		5,100,000	5,100,000
Common stock, votes per share (in votes) \| vote	1
Series B-1 common stock \| Sponsor Side Letter
Class of Stock [Line Items]
Number of shares upon conversion	2,570,000
Threshold for volume weighted average price (in dollars per share) \| $ / shares	$ 12.50
Series B-2 common stock \| Sponsor Side Letter
Class of Stock [Line Items]
Number of shares upon conversion	2,570,000
Threshold for volume weighted average price (in dollars per share) \| $ / shares	$ 15.00

SEGMENT AND GEOGRAPHIC INFORMATION - Long-lived Assets by Geographic Location (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 179,379	$ 172,083
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	89,728	87,819
Europe, the Middle East, and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	89,164	83,928
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 487	$ 336

COMMON STOCK WARRANTS	12 Months Ended
COMMON STOCK WARRANTS	Dec. 31, 2023
Common Stock Warrant Liability [Abstract]
COMMON STOCK WARRANTS	COMMON STOCK WARRANTS Public Warrants — As part of CCNB’s initial public offering, 20,700,000 Public Warrants were sold. The Public Warrants entitled the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustments. The Public Warrants were only exercisable for a whole number of shares of Class A common stock. No fractional shares were to be issued upon exercise of the warrants. The Public Warrants were set to expire at 5:00 p.m. New York City time on July 22, 2027, or earlier upon redemption or liquidation. The Public Warrants were listed on the NYSE under the symbol “GETY.WS.” The Company redeemed the Public Warrants at a price of $0.01 per warrant after the sale price of Class A common stock equaled or exceeded $18.00 per share for 20 trading days within a 30-trading day period. The Company had the option to require all holders that wish to exercise the Public Warrants to do so on a cashless basis. Private Placement Warrants — Simultaneously with CCNB’s initial public offering, CCNB consummated a private placement of 18,560,000 Private Placement Warrants with CCNB’s sponsor. Each Private Placement Warrant was exercisable for one share of Class A common stock at a price of $11.50 per share, subject to adjustment. The Private Placement Warrants were identical to the Public Warrants, except that the Private Placement Warrants were non-redeemable so long as they were held by the initial purchasers or such purchasers’ permitted transferees, and the initial purchasers or such purchasers’ permitted transferees had the option to exercise the Private Placement Warrants on a cashless basis. If the Private Placement Warrants were held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants would be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants. In August 2022, all of the Private Placement Warrants were exercised on a cashless basis for 11,555,996 shares of Class A common stock. The fair value of the Private Placement Warrants was remeasured upon the exercise of the warrants, resulting in an non-cash loss of $176.6 million recorded in “Loss on fair value adjustment for warrant liabilities” Consolidated Statements of Operations. Forward Purchase Warrants — Additionally, on the Closing Date, the Company issued 3,750,000 Forward Purchase Warrants in connection with the Forward Purchase Agreement. The Forward Purchase Warrants had the same terms as the Public Warrants. The Company concluded the Public, Private Placement and Forward Purchase Warrants meet the definition of a derivative under ASC 815-40 (as described in “Note 2 — Summary of Significant Accounting Policies”) and were recorded as liabilities. Upon consummation of the Business Combination, the fair value of the Public, Private Placement and Forward Purchase Warrants were recorded in the Consolidated Balance Sheet. Transaction costs allocated to the issuance of the Public, Private Placement and Forward Purchase Warrants of $4.3 million were recorded as “Other non-operating (expense) income — net” in the Consolidated Statements of Operations. On September 19, 2022, the Company announced that it had elected to redeem all of the outstanding Public Warrants and Forward Purchase Warrants that remain outstanding at 5:00 p.m. New York City time on October 19, 2022 for $0.01 per warrant. 10,328 Public Warrants were exercised for an aggregate cash payment of $0.1 million. Effective October 19, 2022, the remaining Public Warrants and Forward Purchase Warrants were redeemed for $0.2 million. The fair value of the Public and Forward Purchase Warrants was remeasured upon the exercise and redemption of the warrants, resulting in a non-cash gain of $15.9 million recorded in “Loss on fair value adjustment for warrant liabilities — net” Consolidated Statements of Operations. As of December 31, 2022 and December 31, 2023, there were no outstanding Public, Private Placement or Forward Purchase Warrants.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning of year	$ 6,460	$ 5,946	$ 7,773
Provision	2,228	1,465	750
Deductions	(2,161)	(951)	(2,577)
End of year	$ 6,527	$ 6,460	$ 5,946

INCOME TAXES

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

The components of (loss) income before income taxes are as follows (in thousands):


	Year Ended December 31,
	2023		2022		2021
United States	$	(67,496)	$	(95,489)	$	104,984
Foreign	40,591		61,972		31,142
(Loss) income before income taxes	$	(26,905)	$	(33,517)	$	136,126

The components of income tax expense (benefit) are as follows (in thousands):


	Year Ended December 31,
	2023		2022		2021
Current:
United States	$	26,720	$	20,652	$	22,321
Foreign	1,823		9,487		(7,756)
Total current income tax expense (benefit)	28,543		30,139		14,565
Deferred:
United States	(15,169)		13,356		4,698
Foreign	(59,856)		631		(534)
Total deferred income tax expense (benefit)	(75,025)		13,987		4,164
Total provision for income tax expense	$	(46,482)	$	44,126	$	18,729

The items accounting for the difference between income taxes computed at the U.S. federal statutory rate and the effective income tax rate are as follows (in thousands):


	Year Ended December 31,
	2023		2022		2021
Federal income tax expense (benefit) at the statutory rate	$	(5,651)	$	(7,039)	$	28,586
Effect of:
State taxes, net of federal benefit	(1,736)		(3,092)		3,632
Tax impact of foreign earnings and losses	11,524		11,453		(10,171)
Stock-based compensation	3,633		2,230		236
Nondeductible net loss on fair value adjustment for warrant liabilities	—		34,659		—
Valuation allowance	(49,425)		12,223		1,532
Tax credits	(5,284)		(6,852)		(5,030)
Other, net	457		544		(56)
Income tax expense (benefit)	$	(46,482)	$	44,126	$	18,729

Uncertain Tax Positions —The Company follows the provisions of accounting for uncertainty in income taxes. This guidance clarifies the accounting for uncertainty in income taxes recognized in the consolidated financial statements and prescribes a recognition threshold of more likely than not and a measurement attribute on all tax positions taken or expected to be taken in a tax return for their recognition in the financial statements.

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):


	Year Ended December 31,
	2023		2022		2021
Uncertain tax benefits, beginning of year	$	28,967	$	33,425	$	47,637
Gross increase to tax positions related to prior years	338		31		121
Gross decrease to tax positions related to prior years	(36)		(1,109)		(413)
Gross increase to tax positions related to the current year	2,036		675		2,204
Gross decrease to tax positions related to the current year	—		—		—
Settlements	(4,636)		—		—
Lapse of statute of limitations	(6,514)		(4,055)		(16,124)
Uncertain tax benefits, end of year	$	20,155	$	28,967	$	33,425

As of December 31, 2023, the Company had $20.2 million of gross unrecognized tax benefits, of which $19.3 million, if fully recognized, would affect our effective tax rate. The timing of resolution for these liabilities is uncertain. The resolution of these items may result in additional or reduced income tax expense. Possible releases of liabilities due to expirations of statutes of limitations will have the effect of decreasing our income tax expense and the effective tax rate, if and when they occur. Although the timing of resolution and/or closure of tax audits cannot be predicted with certainty, the Company believes it is reasonably possible that approximately $6.9 million of its reserves for uncertain tax positions may be released in the next 12 months.

The Company recognizes interest and penalties related to liabilities for uncertain tax positions in income tax expense in the consolidated statements of operations. Interest and penalties were ($3.5) million, ($0.9) million, and ($5.3) million for the years ended December 31, 2023, 2022, and 2021, respectively. The Company has recognized total accrued interest and penalties of approximately $8.9 million, $12.4 million, and $13.3 million as of December 31, 2023, 2022, and 2021, respectively, relating to uncertain tax positions.

The Company conducts business globally and, as a result, the Company and its subsidiaries file income tax returns in the U.S., including various states, and foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. The tax years 2017 and forward are open for U.S. federal income tax matters. The tax years 2015 and forward are open for U.S. state income tax matters. With few exceptions, foreign tax filings are open for years 2012 and subsequent years. As of December 31, 2023, the Company is currently undergoing audit examinations for tax years 2015 through 2017 by the New York State Department of Taxation, for tax years 2012 through 2016 by the Canada Revenue Agency, for tax years 2015 through 2021 by the Ireland Tax Appeals Commission, and for tax years 2020 and 2021 by the UK HM Revenue and Customs.

Deferred Taxes and Valuation Allowances — The Company follows authoritative guidance for accounting for income taxes, which requires the Company to reduce deferred tax by a valuation allowance if, based on the weight of all available positive and negative evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Based on all available evidence, the Company released a valuation allowance of $65.5 million in Ireland for the year ended December 31, 2023. After consideration of all available evidence for the realizability of U.S. deferred tax assets, the Company provided a valuation allowance of $148.9 million and $126.7 million for the years ended December 31, 2023 and December 31, 2022, respectively. In future periods, the Company will evaluate the positive and negative evidence available at the time in order to support its analysis for a valuation allowance, and as a result the Company may release its valuation allowance in part, or in total, when it becomes more likely than not that the deferred tax assets will be realized.

Deferred tax assets, liabilities and valuation allowance are as follows (in thousands):


	December 31,
	2023		2022
Deferred tax assets
Income tax attributes	$	242,234	$	225,831
Accrued liabilities and reserves	18,874		7,109
Operating lease liabilities	9,077		10,969
Prepaid expenses	—		—
Stock-based compensation expense	5,893		6,736
Other	855		1,656
Gross deferred tax assets	276,933		252,301
Less valuation allowance	(168,185)		(216,745)
Total deferred tax assets	108,748		35,556
Deferred tax liabilities
Amortization and depreciation	(44,932)		(43,556)
Operating lease assets	(7,598)		(9,139)
Prepaid expenses	(3,667)		(1,569)
Other	(4,731)		(10,095)
Net deferred tax liabilities, net of valuation allowance	$	47,820	$	(28,803)

The deferred tax assets at December 31, 2023, with respect to net operating loss carryforwards and expiration periods are as follows (in thousands):


	Deferred Tax Assets		Net Operating Loss Carryforwards
United States, expiring between 2024 and 2042	$	9,421	$	134,888
Foreign, expiring between 2025 and 2042	21,345		87,079
Foreign, indefinite	54,386		421,200
Total	$	85,152	$	643,167

The following is information pertaining to U.S. federal tax credits at December 31, 2023, as well as the expiration periods (in thousands):


	Tax Credits
United States, federal tax credit carryforwards:
Foreign tax credits, expiring between 2023 and 2033	$	44,307
Total	$	44,307

The components of our net deferred taxes at the reported balance sheet dates are primarily comprised of amounts relating to net operating loss carryforwards, accrued assets and liabilities, and depreciable and amortizable assets.

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-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

REVENUE - Revenue by Product (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Total Revenue	$ 916,555	$ 926,244	$ 918,688
Creative
Disaggregation of Revenue [Line Items]
Total Revenue	578,727	585,398	596,917
Editorial
Disaggregation of Revenue [Line Items]
Total Revenue	320,643	325,779	306,631
Other
Disaggregation of Revenue [Line Items]
Total Revenue	$ 17,185	$ 15,067	$ 15,140

- 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

+ References

+ Details

CONSOLIDATED STATEMENTS OF REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) $ in Thousands	Total	Previously Reported	Total Getty Images Holdings, Inc. Stockholders’ Equity (Deficit)	Total Getty Images Holdings, Inc. Stockholders’ Equity (Deficit) Previously Reported	Additional Paid-In Capital	Additional Paid-In Capital Retroactive application of recapitalization	Additional Paid-In Capital Previously Reported	Accumulated Deficit	Accumulated Deficit Previously Reported	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Previously Reported	Noncontrolling Interest	Noncontrolling Interest Previously Reported	Private Placement Warrants	Private Placement Warrants Total Getty Images Holdings, Inc. Stockholders’ Equity (Deficit)	Private Placement Warrants Additional Paid-In Capital	Public Warrants	Public Warrants Total Getty Images Holdings, Inc. Stockholders’ Equity (Deficit)	Public Warrants Additional Paid-In Capital	Redeemable Preferred Stock	Redeemable Preferred Stock Previously Reported	Class A Common Stock Common Stock	Class A Common Stock Common Stock Retroactive application of recapitalization	Class A Common Stock Common Stock Previously Reported	Class A Common Stock Private Placement Warrants Common Stock	Class A Common Stock Public Warrants Common Stock	Class B Common Stock Common Stock	Class B Common Stock Common Stock Previously Reported
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance, prior to recapitalization (in shares)																							42,779,007
Beginning balance, prior to recapitalization						$ 1,513																	$ (1,513)
Beginning balance (in shares) at Dec. 31, 2020																				606,910	606,910
Beginning balance at Dec. 31, 2020																				$ 613,957	$ 613,957
Redeemable Preferred Stock
Redeemable Preferred Stock dividend (in shares)																				70,574
Redeemable Preferred Stock dividend	$ 71,400																			$ 71,393
Ending balance (in shares) at Dec. 31, 2021																				677,484
Ending balance at Dec. 31, 2021																				$ 685,350
Beginning balance (in shares) at Dec. 31, 2020																						196,082,512		153,303,505			0	0
Beginning balance at Dec. 31, 2020	(319,560)	$ (319,560)	$ (367,288)	$ (367,288)	$ 1,000,000		$ 998,487	$ (1,320,508)	$ (1,320,508)	$ (46,800)	$ (46,800)	$ 47,728	$ 47,728									$ 20		$ 1,533			$ 0	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	117,397		117,068					117,068				329
Other comprehensive income (loss)	(31,604)		(31,603)							(31,603)		(1)
Issuance of common stock in connection with equity-based compensation arrangements (in shares)																						12,790
Issuance of common stock in connection with equity-based compensation arrangements	35		35		35
Equity-based compensation activity	6,440		6,440		6,440
Redeemable Preferred Stock dividend	(71,393)		(71,393)		(71,393)
Ending balance (in shares) at Dec. 31, 2021																						196,095,302					0
Ending balance at Dec. 31, 2021	(298,685)		(346,741)		935,082			(1,203,440)		(78,403)		48,056										$ 20					$ 0
Redeemable Preferred Stock
Redeemable Preferred Stock dividend (in shares)																				38,109
Redeemable Preferred Stock dividend	43,200																			$ 43,218
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 Dec. 31, 2022																				0
Ending balance at Dec. 31, 2022																				$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(77,643)		(77,554)					(77,554)				(89)
Other comprehensive income (loss)	(30,525)		(30,525)							(30,525)
Cumulative effect of accounting change- adoption of ASU 2019-12 (Note 2)	(1,360)		(1,360)					(1,360)
Issuance of common stock in connection with equity-based compensation arrangements (in shares)																						1,581,275
Issuance of common stock in connection with equity-based compensation arrangements	194		194		194
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	9,547		9,547		9,547
Redeemable Preferred Stock dividend	(43,218)		(43,218)		(43,218)
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 of tax impact and issuance costs (in shares)																						107,068,311					5,140,000
Issuance of Class A and Class B common stock upon Business Combination and PIPE Investment, net of tax impact and issuance costs	694,460		694,460		694,449																	$ 10					$ 1
Issuance of common stock upon exercise of Warrants (in shares)																									11,555,996	10,328
Issuance of common stock upon exercise of Warrants														$ 232,853	$ 232,853	$ 232,852	$ 121	$ 121	$ 121						$ 1
Issuance of Class A 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	0		0		(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 Dec. 31, 2022																						394,771,254					0
Ending balance at Dec. 31, 2022	593,048		545,081		1,936,324			(1,282,354)		(108,928)		47,967										$ 39					$ 0
Ending balance (in shares) at Dec. 31, 2023																				0
Ending balance at Dec. 31, 2023																				$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	19,577		19,339					19,339				238
Other comprehensive income (loss)	21,852		21,852							21,852
Issuance of common stock in connection with equity-based compensation arrangements (in shares)																						12,035,420
Issuance of common stock in connection with equity-based compensation arrangements	15,050		15,050		15,049																	$ 1
Common shares withheld for settlement of taxes in connection with equity-based compensation (in shares)																						(1,835,887)
Common shares withheld for settlement of taxes in connection with equity-based compensation	(8,713)		(8,713)		(8,713)
Equity-based compensation activity	40,616		40,616		40,616
Ending balance (in shares) at Dec. 31, 2023																						404,970,787					0
Ending balance at Dec. 31, 2023	$ 681,430		$ 633,225		$ 1,983,276			$ (1,263,015)		$ (87,076)		$ 48,205										$ 40					$ 0

ACQUISITION

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

ACQUISITION

On April 1, 2021, the Company acquired Unsplash Inc. (“Unsplash”) in exchange for $95.4 million in cash plus additional conditional payments (“Contingent Consideration”).

The Contingent Consideration payments are based on revenue of Unsplash for (i) the period commencing May 1, 2021 and ending on the earlier of when the trailing 12 month revenues of Unsplash reaches $10.0 million or two years (the “Two-Year Earnout”), and (ii) the period commencing May 1, 2021 and ending on the earlier of when the trailing 12 month revenues of the Unsplash reaches $30.0 million or three years (the “Three-Year Earnout”).

The Two-Year Earnout was met and payment of $10.0 million was made during the year ended December 31, 2022.

If the Three-Year Earnout is met, the payment will be $10.0 million, plus $1.0 thousand for every $1.0 million in revenues that exceed $30.0 million and $2.5 thousand for every $1.0 million in revenues that exceeds $60.0 million in that trailing 12 month period.

To estimate the fair value of the Contingent Consideration, the Company used a variation of an income approach where revenue was simulated in a risk-neutral framework using Geometric Brownian Motion, which is a model of stock price behavior that is used in option pricing models such as the Black-Scholes option pricing model. The real options method extends this model to situations where the asset of interest (revenue in this case) is not priced in the market. The Company determined the acquisition-date fair value of the Contingent Consideration to be $13.2 million, based on the likelihood of paying cash related to the contingent earn-out clauses, as part of the consideration transferred. See “Note 7 — Fair Value of Financial Instruments” for subsequent measurements of these contingent liabilities.

The components of the fair value of consideration transferred are as follows (in thousands):


Cash	$	95,418
Contingent Consideration	13,200
Total fair value of consideration transferred	$	108,618

The transaction was accounted for using the acquisition method and, accordingly, the results of the acquired business have been included in the Company’s results of operations from the acquisition date. In connection with the acquisition, the Company incurred approximately $0.4 million of transaction costs.

Unsplash provides a platform for sharing exclusively curated, world-class images, free for use. With more than 102 million image downloads and 20 billion image views per month, Unsplash has become a leading source for visuals on the internet. This acquisition will allow the Company to increase its presence across the full spectrum of the world’s growing creative community.

The fair value of consideration transferred in this business combination was allocated to the intangible and tangible assets acquired and liabilities assumed at the acquisition date, with the remaining unallocated amount recorded as goodwill. Goodwill is primarily attributed to assembled workforce of Unsplash and expected synergies from combining operations. Goodwill recognized for this acquisition was allocated to the Company’s one operating segment and is generally not tax deductible.

The aggregate purchase price was allocated to the assets acquired and liabilities assumed as follows (in thousands):


Assets acquired and liabilities assumed:	Fair Value at Acquisition Date
Cash and cash equivalents	$	6,213
Accounts receivable	1,061
Other current assets	736
Prepaid expenses	118
Property and equipment	1,729
Other long term assets	306
Identifiable intangible assets	23,900
Goodwill	75,782
Total assets acquired	$	109,845
Accounts payable and accrued expenses	(128)
Deferred income tax liability	(1,099)
Total liabilities assumed	(1,227)
Net assets acquired	$	108,618

The identifiable intangible assets, which include contributor content, customer relationships, developed technology, and trade names, have a weighted average life of approximately 6.0 years and are being amortized on a straight-line basis. The fair value of the customer relationships was determined using a variation of the income approach known as the multiple-period excess earnings method. The fair value of the trade names and developed technology were determined using the relief-from-royalty method and the fair value of the contributor content was determined using the cost-to-recreate method.

The revenue and operating loss from Unsplash included in the Company’s consolidated statements of operations for the year ended December 31, 2021 was $5.8 million and $1.2 million, respectively.

LEASES

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

LEASES

The Company’s leases relate primarily to office facilities that expire on various dates from 2023 through 2033, some of which include one or more options to renew. All of the Company’s leases are classified as operating leases. Operating leases are included in “Right of use assets” in the Consolidated Balance Sheets. Current portion of the lease liabilities are included in “Accrued expenses” and non-current portion of lease liabilities are included in “Lease liabilities” in the Consolidated Balance Sheets. Operating lease costs, including insignificant costs related to short-term leases, were $8.9 million, $10.0 million and $11.8 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Additional information related to the Company’s leases as of and for the years ended December 31, 2023 and 2022, are as follows (in thousands, except for the lease term and discount rate):


	As of December 31, 2023			As of December 31, 2022
Right of use asset	$	41,098		$	47,231

Lease liabilities, current	9,780			10,094
Lease liabilities, non-current	39,858			46,218
Total lease liabilities	$	49,638		$	56,312

Weighted average remaining lease term	5.9 years			6.3 years
Weighted average discount rate	5.7		%	5.6		%

Cash paid for amounts included in lease liabilities	$	13,391		$	14,150
Right of use asset obtained in exchange for lease obligation upon adoption	$	—		$	53,076
Right of use asset obtained in exchange for lease obligations	$	2,591		$	6,050

Maturities of lease liabilities as of December 31, 2023 were as follows (in thousands):


Year ended December 31,
2024	$	12,377
2025	12,941
2026	7,416
2027	6,289
2028	5,382
Thereafter	14,644
Total undiscounted lease payments	59,049
Less: imputed interest	(9,411)
Total lease liabilities	$	49,638

Due to hybrid working arrangements, the Company has continued to assess its office needs and subleased several office locations during the year ended December 31, 2023 and 2022. These agreements were considered to be

operating leases. The Company has not been legally released from the primary obligations under the original leases and therefore the Company continues to account for the original lease separately. The Company recorded an ROU asset impairment charge of $314 thousand and $2.6 million for the years ended December 31, 2023 and 2022, respectively, which was the amount by which the carrying value of the lease ROU assets exceeded the fair values. Estimates of the fair values are based on the discounted cash flows of estimated net rental income for the office spaces subleased. The ROU asset impairment charge is included in “Other operating (income) expense - net” on the Consolidated Statement of Operations. Rent income from the sublessees is included in the Consolidated Statement of Operations on a straight-line basis as an offset to rent expense associated with the original operating lease included in “Selling, general and administrative expenses” on the Consolidated Statement of Operations.

GOODWILL - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Accumulated impairment loss on goodwill	$ 525,000	$ 525,000	$ 525,000

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instrument Assets Recorded at Fair Value (Details) - Recurring - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds (cash equivalents)	$ 57,062	$ 20,462
Assets, fair value	58,521	29,494
Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,459	9,032
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds (cash equivalents)	57,062	20,462
Assets, fair value	57,062	20,462
Level 1 \| Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	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	1,459	9,032
Level 2 \| Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,459	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]
Derivative assets	$ 0	$ 0

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Components of (Loss) Income before Income Taxes

The components of (loss) income before income taxes are as follows (in thousands):


	Year Ended December 31,
	2023		2022		2021
United States	$	(67,496)	$	(95,489)	$	104,984
Foreign	40,591		61,972		31,142
(Loss) income before income taxes	$	(26,905)	$	(33,517)	$	136,126

Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) are as follows (in thousands):


	Year Ended December 31,
	2023		2022		2021
Current:
United States	$	26,720	$	20,652	$	22,321
Foreign	1,823		9,487		(7,756)
Total current income tax expense (benefit)	28,543		30,139		14,565
Deferred:
United States	(15,169)		13,356		4,698
Foreign	(59,856)		631		(534)
Total deferred income tax expense (benefit)	(75,025)		13,987		4,164
Total provision for income tax expense	$	(46,482)	$	44,126	$	18,729

Effective Income Tax Rate Reconciliation

The items accounting for the difference between income taxes computed at the U.S. federal statutory rate and the effective income tax rate are as follows (in thousands):


	Year Ended December 31,
	2023		2022		2021
Federal income tax expense (benefit) at the statutory rate	$	(5,651)	$	(7,039)	$	28,586
Effect of:
State taxes, net of federal benefit	(1,736)		(3,092)		3,632
Tax impact of foreign earnings and losses	11,524		11,453		(10,171)
Stock-based compensation	3,633		2,230		236
Nondeductible net loss on fair value adjustment for warrant liabilities	—		34,659		—
Valuation allowance	(49,425)		12,223		1,532
Tax credits	(5,284)		(6,852)		(5,030)
Other, net	457		544		(56)
Income tax expense (benefit)	$	(46,482)	$	44,126	$	18,729

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):


	Year Ended December 31,
	2023		2022		2021
Uncertain tax benefits, beginning of year	$	28,967	$	33,425	$	47,637
Gross increase to tax positions related to prior years	338		31		121
Gross decrease to tax positions related to prior years	(36)		(1,109)		(413)
Gross increase to tax positions related to the current year	2,036		675		2,204
Gross decrease to tax positions related to the current year	—		—		—
Settlements	(4,636)		—		—
Lapse of statute of limitations	(6,514)		(4,055)		(16,124)
Uncertain tax benefits, end of year	$	20,155	$	28,967	$	33,425

Deferred Tax Assets, Liabilities and Valuation Allowance

Deferred tax assets, liabilities and valuation allowance are as follows (in thousands):


	December 31,
	2023		2022
Deferred tax assets
Income tax attributes	$	242,234	$	225,831
Accrued liabilities and reserves	18,874		7,109
Operating lease liabilities	9,077		10,969
Prepaid expenses	—		—
Stock-based compensation expense	5,893		6,736
Other	855		1,656
Gross deferred tax assets	276,933		252,301
Less valuation allowance	(168,185)		(216,745)
Total deferred tax assets	108,748		35,556
Deferred tax liabilities
Amortization and depreciation	(44,932)		(43,556)
Operating lease assets	(7,598)		(9,139)
Prepaid expenses	(3,667)		(1,569)
Other	(4,731)		(10,095)
Net deferred tax liabilities, net of valuation allowance	$	47,820	$	(28,803)

Deferred Tax Assets with Operating Loss Carryforwards and Expiration Periods

The deferred tax assets at December 31, 2023, with respect to net operating loss carryforwards and expiration periods are as follows (in thousands):


	Deferred Tax Assets		Net Operating Loss Carryforwards
United States, expiring between 2024 and 2042	$	9,421	$	134,888
Foreign, expiring between 2025 and 2042	21,345		87,079
Foreign, indefinite	54,386		421,200
Total	$	85,152	$	643,167

U.S. Federal Tax Credits with Expiration Periods

The following is information pertaining to U.S. federal tax credits at December 31, 2023, as well as the expiration periods (in thousands):


	Tax Credits
United States, federal tax credit carryforwards:
Foreign tax credits, expiring between 2023 and 2033	$	44,307
Total	$	44,307

SEGMENT AND GEOGRAPHIC INFORMATION

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC INFORMATION

As of December 31, 2023, 2022 and 2021, the Company identified one operating and reportable segment for purposes of allocating resources and evaluating financial performance. Asset information on a segment basis is not disclosed as this information is not separately identified or internally reported to the Company’s CODM.

Geographic Financial Information

The following represents the Company’s geographic revenue based on customer location (in thousands):


	December 31,
	2023		2022		2021
Americas	$	515,374	$	525,775	$	496,607
Europe, the Middle East, and Africa	298,589		293,673		317,435
Asia-Pacific	102,592		106,796		104,646
Total Revenues	$	916,555	$	926,244	$	918,688

Included in Americas is the United States, which comprises approximately 51.2%, 51.7% and 48.9% of total revenue for the years ended December 31, 2023, 2022 and 2021, respectively. Included in Europe, the Middle East, and Africa is the United Kingdom, which accounts for approximately 11.1%, 10.4% and 11.5% of total revenue for the years ended December 31, 2023, 2022 and 2021, respectively. No other country accounts for more than 10% of the Company’s revenue in any period presented.

The Company’s long-lived tangible assets were located as follows (in thousands):


	December 31,
	2023		2022
Americas	$	89,728	$	87,819
Europe, the Middle East, and Africa	89,164		83,928
Asia-Pacific	487		336
Total long-lived tangible assets	$	179,379	$	172,083

Included in Americas is the United States, which comprises 45.2% and 47.0% of total long-lived tangible assets as of December 31, 2023 and 2022, respectively. Included in Europe, the Middle East, and Africa is Ireland, which comprises 42.8% and 41.7% of total long-lived tangible assets as of December 31, 2023 and 2022, respectively.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: 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 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-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
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

DEBT

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

DEBT

Debt included the following (in thousands):


	Year end December 31,
	2023		2022
Senior Notes	$	300,000	$	300,000
USD Term Loans	637,000		687,400
EUR Term Loans	463,588		446,996
Less: issuance costs and discounts amortized to interest expense	(1,930)		(5,549)
Long-term debt – net	$	1,398,658	$	1,428,847

In February of 2019, the Company issued $300.0 million of Senior Unsecured Notes (“Senior Notes”) and entered into a senior secured credit facility (“Credit Facility”) consisting of (i) a $1,040.0 million term loan facility (“USD Term Loans”), (ii) a €450.0 million term loan facility (“EUR Term Loans”) (together with the USD Term Loans the “Term Loans”) and (iii) an $80.0 million revolving credit facility that could be upsized to $110.0 million (“Revolver”).

On May 4, 2023, the Company amended the existing 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 facility is also subject to a springing maturity of 180 days inside any earlier maturity of Senior Notes or Term Loans with an aggregate principal amount exceeding $100.0 million. 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 incurred unused commitment fees of $0.4 million during each of the years ended December 31, 2023, 2022 and 2021.

The Senior Notes are due March 1, 2027, and bear interest at a rate of 9.750% per annum. Interest on the notes is payable semi-annually on March 1 and September 1 of each year. The Company may redeem the Senior Notes earlier than March 1, 2027, subject to prepayment premiums.

The Term Loans mature in 2026. The Company may voluntarily prepay loans or reduce commitments under the Credit Facility without premium or penalty.

In August of 2022, the Company utilized proceeds from its Business Combination along with cash on hand to repay $300.0 million of outstanding indebtedness on its USD Term Loans. In accordance with ASC 470-50-40-2 - Debt - Modifications and Extinguishments, the Company recorded a loss on extinguishment of debt of $2.7 million for the year ended December 31, 2022, in the Consolidated Statements of Operations related to this payment. The loss on extinguishment of debt represents the acceleration of amortization of issuance costs and debt discount related to the $300.0 million payment. Under the terms of the Credit Facility, the prepayment of $300.0 million was applied against the quarterly installments of $2.6 million. Accordingly, the remaining balance on the USD Term Loans is due at maturity.

The face value of the EUR Term Loans was €419.0 million and €419.0 million as of December 31, 2023 and 2022, respectively, converted using currency exchange rates as of those dates. There is no amortization on the EUR Term Loans.

The Credit Facility requires a principal payment with the net cash proceeds of certain events and up to 50% of excess cash flow (subject to reduction based on the achievement of specified net first lien leverage ratios). No excess cash flow principal payment was required for the years ended December 31, 2023 and 2022 based on the net first lien leverage ratio.

The obligations under the Credit Facility are secured by a first priority lien on substantially all of the Company’s assets.

On 2nd February 2023, we amended our Credit Agreement to replace LIBOR with Adjusted Term SOFR on the USD Term Loans effective from the start of the next interest period thereafter. For the USD Term Loans, the interest rate for base rate loans is 3.50% plus the greater of the prime rate in effect, the NYFRB Rate plus 0.5% or the Adjusted Term SOFR rate for a one-month interest period plus 1%. The interest rate for Term Benchmark loans with respect to the USD Term Loans is the sum of the applicable rate of 4.50%, plus the Adjusted Term SOFR rate. The Adjusted Term SOFR rate is the greater of the Term SOFR rate for the applicable interest period plus 0.10% or 0.00%. The Term SOFR Rate for the applicable interest period, is the is the rate per annum published by the CME Term SOFR Administrator and identified by Administrative Agent as the forward-looking term rate based on SOFR at approximately 5:00 a.m. Chicago time, two U.S. Government Securities Business Days prior to the first day in such interest period. For the EUR Term Loans, the interest rate for loans is the sum of the applicable rate of 5.0%, plus the Adjusted Eurodollar rate. The Eurodollar rate is defined as the greater of the EURIBOR Screen rate per annum for deposits of Euro for the applicable interest period as of approximately 11:00 a.m. Brussels time two business days prior to the first day in such interest period, or 0.0%. The Adjusted Eurodollar rate is defined as the interest rate per annum (rounded upward, if necessary, to the next 1/16 of 1%), equal to the Eurodollar Rate for the interest period multiplied by the Statutory Reserve Rate. The USD Term loans had an average interest rate of 9.55%, 6.00% and 4.63% for the years ended December 31, 2023, 2022 and 2021, respectively. The EUR Term loans had an average interest rate of 8.21%, 5.27% and 5.00% for the years ended December 31, 2023, 2022 and 2021, respectively.

Debt issuance costs and discounts related to the Senior Notes and Term Loans are reported in the Consolidated Balance Sheet as a direct deduction from the face amount of the debt. These costs are amortized as a component of “Interest expense” in the Consolidated Statements of Operations utilizing the effective interest method. As of December 31, 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Geographic Revenue based on Customer Location

The following represents the Company’s geographic revenue based on customer location (in thousands):


	December 31,
	2023		2022		2021
Americas	$	515,374	$	525,775	$	496,607
Europe, the Middle East, and Africa	298,589		293,673		317,435
Asia-Pacific	102,592		106,796		104,646
Total Revenues	$	916,555	$	926,244	$	918,688

Long-lived Assets by Geographic Location

The Company’s long-lived tangible assets were located as follows (in thousands):


	December 31,
	2023		2022
Americas	$	89,728	$	87,819
Europe, the Middle East, and Africa	89,164		83,928
Asia-Pacific	487		336
Total long-lived tangible assets	$	179,379	$	172,083

DESCRIPTION OF THE BUSINESS (Details) $ in Millions	12 Months Ended
DESCRIPTION OF THE BUSINESS (Details) $ in Millions	Dec. 31, 2023 USD ($) language
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Assets for industry leading sites \| $	$ 562
Number of website languages \| language	23

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

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


	Year end December 31,
	2023		2022		2021
NET INCOME (LOSS)	$	19,577	$	(77,643)	$	117,397
Less:
Net income (loss) attributable to noncontrolling interest	238		(89)		329
Premium on early redemption of Redeemable Preferred Stock	—		26,678		—
Redeemable Preferred Stock dividend	—		43,218		71,393
NET INCOME (LOSS) ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC. - Basic	$	19,339	$	(147,450)	$	45,675

Weighted-average Class A common stock outstanding:
Basic	399,037,805		276,942,660		196,084,650
Effect of dilutive securities	12,457,220		—		5,422,705
Diluted	411,495,025		276,942,660		201,507,355
Net income (loss) per share of Class A common stock attributable to Getty Images Holdings, Inc. common stockholders:
Basic	$	0.05	$	(0.53)	$	0.23
Diluted	$	0.05	$	(0.53)	$	0.23

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:


	December 31,
	2023	2022	2021
Common stock options	4,424,674	29,934,987	13,826,565
Restricted stock units	2,335,684	4,367,413	—
	6,760,358	34,302,400	13,826,565

OTHER ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Other Assets And Liabilities [Abstract]

Other Long-Term Assets

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


	Year end December 31,
	2023		2022
Long term note receivable from a related party	$	24,000	$	24,000
Minority and other investments	12,454		12,097
Derivative asset	—		9,032
Tax receivable	—		2,700
Equity method investment	2,852		2,064
Long term deposits	1,526		1,609
Other	430		450
Total other long-term assets	$	41,262	$	51,952

Accrued Expenses

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


	Year end December 31,
	2023		2022
Accrued compensation and related costs	$	16,933	$	23,851
Lease liabilities	9,780		10,094
Interest payable	9,942		9,993
Accrued professional fees	6,045		4,334
Other	953		1,055
Total accrued expenses	$	43,653	$	49,327

Insider Trading Arrangements

3 Months Ended

12 Months Ended

Dec. 31, 2023

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

During the fiscal quarter ended December 31, 2023, certain of our directors and officers (as defined in Section 16a-1(f) of the Securities Exchange Act of 1934, as amended) adopted or terminated trading arrangements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Information regarding these Rule 10b5-1 trading arrangements is presented in the table below. There were no “non-Rule 10b5-1 trading arrangements” (as defined in Item 408(a) of Regulation S-K) adopted or terminated by any director or officer during the fiscal quarter ended December 31, 2023. The trading arrangements described below were entered into during an open insider trading window and were in compliance with our insider trading policies and procedures. Actual sale transactions will be disclosed publicly in filings with the SEC in accordance with applicable securities laws, rules, and regulations.

Trading Arrangement

Name and Title

Action

Date Adopted/ Terminated

Rule 10b5-1

Total Shares to be Sold

Expiration Date2

Chinh Chu1, Director

Terminate

11/28/2023

16,333,198

08/01/2024

Chinh Chu1, Director

Adopt

11/28/2023

16,333,198

11/01/2024

Mikael Cho, Senior Vice President, CEO - Unsplash

Adopt

11/21/2023

108,987

10/24/2024

Kjelti Kellough, Senior Vice President, Secretary and General Counsel

Adopt

11/16/2023

300,000

10/24/2024

Jennifer Leyden, Senior Vice President, Chief Financial Officer

Adopt

11/16/2023

35,493

6/21/2024

Kenneth Mainardis, Senior Vice President, Global Content

Adopt

11/22/2023

1,095,845

10/24/2024

Peter Orlowsky, Senior Vice President, Strategic Development

Adopt

11/27/2023

158,061

10/24/2024

Michael Teaster, Senior Vice President, Chief of Staff

Adopt

12/14/2023

185,000

10/24/2024

1 Chinh Chu is a current member of the Company’s Board. Mr. Chu currently holds his Getty Images’ securities through CC Capital SP, LP (“CC Capital”). Mr. Chu controls the investment decisions and voting powers of CC Capital. The 10b5-1 plan was entered into by CC Capital.

2 Each plan terminates on the earlier of: (i) the expiration date listed in the table above, (ii) the first date on which all trades set forth in the plan have been executed, or (iii) such date the plan is otherwise terminated according to its terms.

Non-Rule 10b5-1 Arrangement Adopted

false

Non-Rule 10b5-1 Arrangement Terminated

false

Chinh Chu [Member]

Trading Arrangements, by Individual

Name

Chinh Chu

Title

Director

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

11/28/2023

Rule 10b5-1 Arrangement Terminated

true

11/28/2023

339 days

16,333,198

Trading Arrangements, by Individual

Name

Mikael Cho

Title

Senior Vice President, CEO

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

11/21/2023

Arrangement Duration

338 days

Aggregate Available

108,987

Kjelti Kellough [Member]

Trading Arrangements, by Individual

Name

Kjelti Kellough

Title

Senior Vice President, Secretary and General Counsel

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

11/16/2023

Arrangement Duration

343 days

Aggregate Available

300,000

Jennifer Leyden [Member]

Trading Arrangements, by Individual

Name

Jennifer Leyden

Title

Senior Vice President, Chief Financial Officer

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

11/16/2023

Arrangement Duration

218 days

Aggregate Available

35,493

Kenneth Mainardis [Member]

Trading Arrangements, by Individual

Name

Kenneth Mainardis

Title

Senior Vice President, Global Content

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

11/22/2023

Arrangement Duration

337 days

Aggregate Available

1,095,845

Peter Orlowsky [Member]

Trading Arrangements, by Individual

Name

Peter Orlowsky

Title

Senior Vice President, Strategic Development

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

11/27/2023

Arrangement Duration

332 days

Aggregate Available

158,061

Michael Teaster [Member]

Trading Arrangements, by Individual

Name

Michael Teaster

Title

Senior Vice President, Chief of Staff

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

12/14/2023

Arrangement Duration

315 days

Aggregate Available

185,000

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share, Basic and Diluted

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


	Year end December 31,
	2023		2022		2021
NET INCOME (LOSS)	$	19,577	$	(77,643)	$	117,397
Less:
Net income (loss) attributable to noncontrolling interest	238		(89)		329
Premium on early redemption of Redeemable Preferred Stock	—		26,678		—
Redeemable Preferred Stock dividend	—		43,218		71,393
NET INCOME (LOSS) ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC. - Basic	$	19,339	$	(147,450)	$	45,675

Weighted-average Class A common stock outstanding:
Basic	399,037,805		276,942,660		196,084,650
Effect of dilutive securities	12,457,220		—		5,422,705
Diluted	411,495,025		276,942,660		201,507,355
Net income (loss) per share of Class A common stock attributable to Getty Images Holdings, Inc. common stockholders:
Basic	$	0.05	$	(0.53)	$	0.23
Diluted	$	0.05	$	(0.53)	$	0.23

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:


	December 31,
	2023	2022	2021
Common stock options	4,424,674	29,934,987	13,826,565
Restricted stock units	2,335,684	4,367,413	—
	6,760,358	34,302,400	13,826,565

IDENTIFIABLE INTANGIBLE ASSETS - NET (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Identifiable Intangible Assets

Identifiable intangible assets consisted of the following at December 31 (in thousands, except years):


		As of December 31,
		2023						2022
	Range of Estimated Useful Lives (Years)	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Trade name	Indefinite	$	397,495	$	—	$	397,495	$	389,484	$	—	$	389,484
Trademarks and trade names	5–10	104,109		(104,109)		—		104,053		(104,026)		27
Patented and unpatented technology	3–10	111,045		(106,869)		4,176		109,275		(103,419)		5,856
Customer lists, contracts, and relationships	5–11	399,378		(397,244)		2,134		391,454		(367,273)		24,181
Non-compete Covenant	3	900		(900)		—		900		(900)		—
Other identifiable intangible assets	3–13	5,089		(5,089)		—		5,059		(5,059)		—
		$	1,018,016	$	(614,211)	$	403,805	$	1,000,225	$	(580,677)	$	419,548

Future Amortization Expense

Based on balances at December 31, 2023, the estimated aggregate amortization expense for identifiable intangible assets for the next five years is as follows (in thousands):


Fiscal Years Ended December 31,
2024	$	2,106
2025	$	2,106
2026	$	818
2027	$	284
2028	$	284

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$ 20,155	$ 28,967	$ 33,425	$ 47,637
Gross unrecognized tax benefits, if fully recognized, would affect our effective tax rate	19,300
Estimated reserves for uncertain tax positions may be released in the next 12 months	6,900
Interest and penalties related to liabilities for uncertain tax positions in income tax expense	3,500	900	5,300
Total accrued interest and penalties relating to uncertain tax positions	8,900	12,400	$ 13,300
Deferred tax assets, valuation allowance	168,185	216,745
UNITED STATES
Income Tax Contingency [Line Items]
Deferred tax assets, valuation allowance	148,900	$ 126,700
IRELAND
Income Tax Contingency [Line Items]
Increase (decrease) in valuation allowance	$ (65,500)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details) - Unsplash Inc. - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023	Apr. 01, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 0.0	$ 0.0	$ 13.2
Threshold revenues in calculating contingent consideration payments	$ 10.0

OTHER ASSETS AND LIABILITIES - Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Assets And Liabilities [Abstract]
Accrued compensation and related costs	$ 16,933	$ 23,851
Lease liabilities	$ 9,780	$ 10,094
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses	Accrued expenses
Interest payable	$ 9,942	$ 9,993
Accrued professional fees	6,045	4,334
Other	953	1,055
Accrued expenses	$ 43,653	$ 49,327