Getty Reports Annual Revenue of $858 Million
By Ryan • Feb 4th, 2008 • Category: News for Creatives (archives), PhotographyBy Daryl Lang of PDNonline.com:
“Getty Images reported annual revenue of $857.6 million in 2007, up 6 percent from $806.6 million in 2006. The revenues for the last quarter of 2007 were higher than expected and set a record for the company. Net income for the quarter was $28.5 million, down from $30.8 million in the same quarter last year.
In a conference call with investment analysts Thursday, CEO Jonathan Klein would not address the recent press reports
Instead, Klein spoke about how the company is making progress in reversing the downhill slide of its core business of traditional stock imagery licensing. that Getty Images is for sale. “I would stress that at no point has Getty Images talked about a sale,” he said. “We have talked about strategic alternatives.” “
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