Getty Images (GETY) 10-Q 21 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Aug. 16, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity Registrant Name	GETTY IMAGES HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-41453
Entity Tax Identification Number	87-3764229
Entity Address, Address Line One	605 5th Ave S. Suite 400
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98104
City Area Code	206
Local Phone Number	925-5000
Title of 12(b) Security	Class A Common Stock
Trading Symbol	GETY
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		398,925,822
Entity Central Index Key	0001898496
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 121,308	$ 97,912
Restricted cash	4,274	4,482
Accounts receivable – net of allowance of $7,090 and $6,460, respectively	121,661	129,603
Prepaid expenses	12,357	15,728
Taxes receivable	10,604	11,297
Other current assets	15,126	10,497
Total current assets	285,330	269,519
PROPERTY AND EQUIPMENT – NET	176,713	172,083
RIGHT OF USE ASSETS	43,311	47,231
GOODWILL	1,501,190	1,499,578
IDENTIFIABLE INTANGIBLE ASSETS – NET	409,834	419,548
DEFERRED INCOME TAXES – NET	8,286	8,272
OTHER LONG-TERM ASSETS	43,999	51,952
TOTAL	2,468,663	2,468,183
CURRENT LIABILITIES:
Accounts payable	90,540	93,766
Accrued expenses	45,301	49,327
Income taxes payable	7,900	8,031
Deferred revenue	175,721	171,371
Total current liabilities	319,462	322,495
LONG-TERM DEBT – NET	1,414,549	1,428,847
LEASE LIABILITIES	42,204	46,218
DEFERRED INCOME TAXES – NET	31,294	37,075
UNCERTAIN TAX POSITIONS	33,073	37,333
OTHER LONG-TERM LIABILITIES	4,445	3,167
Total liabilities	1,845,027	1,875,135
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY:
Additional paid-in capital	1,957,188	1,936,324
Accumulated deficit	(1,283,721)	(1,282,354)
Accumulated other comprehensive loss	(98,131)	(108,928)
Total Getty Images Holdings, Inc. stockholders’ equity	575,376	545,081
Noncontrolling interest	48,260	47,967
Total stockholders’ equity	623,636	593,048
TOTAL	2,468,663	2,468,183
Class A Common Stock
STOCKHOLDERS’ EQUITY:
Class A common stock, $0.0001 par value: 2.0 billion shares authorized; 398.8 million shares issued and outstanding as of June 30, 2023 and 394.8 million shares issued and outstanding as of December 31, 2022	$ 40	$ 39

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands, shares in Millions	Jun. 30, 2023	Dec. 31, 2022
Accounts receivable, allowance	$ 7,090	$ 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	2,000
Common stock, issued (in shares)	398.8	394.8
Common stock, outstanding (in shares)	398.8	394.8

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
REVENUE	$ 225,675	$ 233,327	$ 461,317	$ 464,305
OPERATING EXPENSE:
Cost of revenue (exclusive of depreciation and amortization shown separately below)	63,354	65,118	126,640	127,012
Selling, general and administrative expenses	107,723	95,528	210,118	188,681
Depreciation	13,540	12,379	26,563	24,891
Amortization	7,260	11,905	14,467	24,110
Other operating expense – net	332	862	611	3,568
Operating expense	192,209	185,792	378,399	368,262
INCOME FROM OPERATIONS	33,466	47,535	82,918	96,043
OTHER (EXPENSE) INCOME, NET:
Interest expense	(31,683)	(29,986)	(62,180)	(59,586)
(Loss) gain on fair value adjustment for swaps and foreign currency exchange contract – net	(640)	4,979	(2,725)	17,105
Unrealized foreign exchange (loss) gains – net	(3,165)	31,191	(14,087)	38,234
Other non-operating income – net	634	198	1,122	355
Total other (expense) income – net	(34,854)	6,382	(77,870)	(3,892)
(LOSS) INCOME BEFORE INCOME TAXES	(1,388)	53,917	5,048	92,151
INCOME TAX EXPENSE	(2,889)	(15,222)	(6,122)	(28,349)
NET (LOSS) INCOME	(4,277)	38,695	(1,074)	63,802
Net (loss) income attributable to noncontrolling interest	(214)	167	293	375
Redeemable Preferred Stock dividend	0	19,705	0	38,552
NET (LOSS) INCOME ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC.	$ (4,063)	$ 18,823	$ (1,367)	$ 24,875
Net (loss) income per share attributable to Class A Getty Images Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ (0.01)	$ 0.10	$ 0	$ 0.13
Diluted (in dollars per share)	$ (0.01)	$ 0.09	$ 0	$ 0.11
Weighted-average Class A common shares outstanding:
Basic (in dollars per share)	397,417,290	196,107,293	396,368,132	196,105,637
Diluted (in dollars per share)	397,417,290	219,623,285	396,368,132	220,575,440
Class A Common Stock
Weighted-average Class A common shares outstanding:
Basic (in dollars per share)	397,417,290	196,107,293	396,368,132	196,105,637
Diluted (in dollars per share)	397,417,290	219,623,285	396,368,132	220,575,440

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
NET (LOSS) INCOME	$ (4,277)	$ 38,695	$ (1,074)	$ 63,802
OTHER COMPREHENSIVE INCOME (LOSS):
Net foreign currency translation adjustment gains (losses)	2,417	(29,485)	10,797	(33,363)
COMPREHENSIVE (LOSS) INCOME	(1,860)	9,210	9,723	30,439
Less: Comprehensive (loss) gain attributable to noncontrolling interest	(214)	167	293	374
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC.	$ (1,646)	$ 9,043	$ 9,430	$ 30,065

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($) $ in Thousands	Total	Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Total Getty Images Holdings, Inc. Stockholders’ Deficit	Total Getty Images Holdings, Inc. Stockholders’ Deficit Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Class A Common Stock	Additional Paid-In Capital	Additional Paid-In Capital Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Additional Paid-In Capital Effect of Retrospective Application of Accounting Standards Update 2018-12	Accumulated Deficit	Accumulated Deficit Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Noncontrolling Interest	Noncontrolling Interest Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Redeemable Preferred Stock	Redeemable Preferred Stock Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Class A Common Stock Class A Common Stock	Class A Common Stock Class A Common Stock Effect of Modified Retrospective Application Accounting Standards Update 2018-12	Class A Common Stock Class A Common Stock Effect of Retrospective Application of Accounting Standards Update 2018-12
Beginning balance (in shares) at Dec. 31, 2021															677,484	677,484
Beginning balance at Dec. 31, 2021															$ 685,350	$ 685,350
Increase (Decrease) in Temporary Equity [Roll Forward]
Redeemable Preferred Stock dividend (in shares)															18,631
Redeemable Preferred Stock dividend															$ 18,847
Ending balance (in shares) at Mar. 31, 2022															696,115
Ending balance at Mar. 31, 2022															$ 704,197
Beginning balance (in shares) at Dec. 31, 2021																	196,095,302	153,313,505	42,781,797
Beginning balance at Dec. 31, 2021	$ (298,685)	$ (298,685)	$ (346,741)	$ (346,741)		$ 935,082	$ 933,569	$ 1,513	$ (1,203,440)	$ (1,203,440)	$ (78,403)	$ (78,403)	$ 48,056	$ 48,056			$ 20	$ 1,533	$ (1,513)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	25,107		24,899						24,899				208
Net foreign currency translation adjustment gains in comprehensive income	(3,879)		(3,878)								(3,878)		(1)
Cumulative effect of accounting change- adoption of ASU 2019-12	(1,360)		(1,360)						(1,360)
Issuance of common stock in connection with option exercise (in shares)																	11,991
Issuance of common stock in connection with option exercises	29		29			29
Equity-based compensation activity	1,741		1,741			1,741
Redeemable Preferred Stock dividend	(18,847)		(18,847)			(18,847)
Ending balance (in shares) at Mar. 31, 2022																	196,107,293
Ending balance at Mar. 31, 2022	(295,894)		(344,157)			918,005			(1,179,901)		(82,281)		48,263				$ 20
Increase (Decrease) in Temporary Equity [Roll Forward]
Redeemable Preferred Stock dividend (in shares)															19,478
Redeemable Preferred Stock dividend															$ 19,705
Ending balance (in shares) at Jun. 30, 2022															715,593
Ending balance at Jun. 30, 2022															$ 723,902
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	38,695		38,528						38,528				167
Net foreign currency translation adjustment gains in comprehensive income	(29,485)		(29,485)								(29,485)
Equity-based compensation activity	1,390		1,390			1,390
Redeemable Preferred Stock dividend	(19,705)		(19,705)			(19,705)
Ending balance (in shares) at Jun. 30, 2022																	196,107,293
Ending balance at Jun. 30, 2022	(304,999)		(353,429)			899,690			(1,141,373)		(111,766)		48,430				$ 20
Beginning balance (in shares) at Dec. 31, 2022					394,771,254
Beginning balance at Dec. 31, 2022	593,048		545,081		$ 39	1,936,324			(1,282,354)		(108,928)		47,967
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,203		2,696						2,696				507
Net foreign currency translation adjustment gains in comprehensive income	8,380		8,380								8,380
Issuance of common stock in connection with equity-based compensation arrangements (in shares)					2,081,832
Issuance of common stock in connection with equity-based compensation arrangements	2,639		2,639			2,639
Equity-based compensation activity	6,840		6,840			6,840
Ending balance (in shares) at Mar. 31, 2023					396,853,086
Ending balance at Mar. 31, 2023	614,110		565,636		$ 39	1,945,803			(1,279,658)		(100,548)		48,474
Beginning balance (in shares) at Dec. 31, 2022					394,771,254
Beginning balance at Dec. 31, 2022	$ 593,048		545,081		$ 39	1,936,324			(1,282,354)		(108,928)		47,967
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock in connection with option exercise (in shares)	1,691,000
Ending balance (in shares) at Jun. 30, 2023					398,826,412
Ending balance at Jun. 30, 2023	$ 623,636		575,376		$ 40	1,957,188			(1,283,721)		(98,131)		48,260
Beginning balance (in shares) at Mar. 31, 2023					396,853,086
Beginning balance at Mar. 31, 2023	614,110		565,636		$ 39	1,945,803			(1,279,658)		(100,548)		48,474
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(4,277)		(4,063)						(4,063)				(214)
Net foreign currency translation adjustment gains in comprehensive income	2,417		2,417								2,417
Issuance of common stock in connection with equity-based compensation arrangements (in shares)					2,552,970
Issuance of common stock in connection with equity-based compensation arrangements	2,259		2,259		$ 1	2,258
Common shares withheld for settlement of taxes in connection with equity-based compensation (in shares)					(579,644)
Common shares withheld for settlement of taxes in connection with equity-based compensation	(2,993)		(2,993)			(2,993)
Equity-based compensation activity	12,120		12,120			12,120
Ending balance (in shares) at Jun. 30, 2023					398,826,412
Ending balance at Jun. 30, 2023	$ 623,636		$ 575,376		$ 40	$ 1,957,188			$ (1,283,721)		$ (98,131)		$ 48,260

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (1,074)	$ 63,802
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	26,563	24,891
Amortization	14,467	24,110
Unrealized exchange loss (gains) on foreign denominated debt	9,065	(34,727)
Equity-based compensation	18,009	3,130
Deferred income taxes – net	(5,796)	7,790
Uncertain tax positions	(3,010)	109
Non-cash fair value adjustment for swaps and foreign currency exchange contracts	2,725	(16,244)
Amortization of debt issuance costs	1,960	3,122
Non-cash operating lease costs	3,920	5,486
Impairment of right of use assets	0	2,563
Other	1,524	2,777
Changes in current assets and liabilities:
Accounts receivable	6,706	6,909
Accounts payable	1,420	3,653
Accrued expenses	(5,243)	(20,097)
Lease liabilities, non-current	(4,215)	(6,249)
Income taxes receivable/payable	(1,163)	(639)
Interest payable	(130)	6,895
Deferred revenue	5,616	3,723
Other	2,439	(700)
Net cash provided by operating activities	73,783	80,304
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	(29,452)	(30,372)
Purchase of a minority investment	0	(2,000)
Net cash used in investing activities	(29,452)	(32,372)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt	(25,200)	(5,200)
Cash paid for debt issuance costs	(1,137)	0
Proceeds from common stock issuance	4,898	29
Cash paid for settlement of employee taxes related to exercise of equity-based awards	(2,993)	0
Cash paid for equity issuance costs	(150)	(4,741)
Net cash used in financing activities	(24,582)	(9,912)
EFFECTS OF EXCHANGE RATE FLUCTUATIONS	3,439	(11,178)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	23,188	26,842
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – Beginning of period	102,394	191,529
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of period	$ 125,582	$ 218,371

DESCRIPTION OF THE BUSINESS

DESCRIPTION OF THE BUSINESS	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS	1. DESCRIPTION OF THE BUSINESSGetty Images Holdings, Inc. (the “Company” or “Getty Images”) is a preeminent global visual content creator and marketplace. Through Getty Images, iStock, and Unsplash, the Company offers a full range of content solutions to meet the needs of any customer—no matter their size—around the globe, with over 538 million visual assets available through its industry-leading sites. The Company services 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.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation — The Company’s accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial reporting. The Business Combination in July of 2022 was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, CCNB was treated as the “acquired” company and Legacy Getty is treated as the acquirer for financial reporting purposes. The consolidated assets, liabilities and results of operations prior to the Business Combination are those of Legacy Getty. The shares and corresponding capital amounts and earnings per share, prior to the Business Combination, have been retroactively restated based on shares reflecting the exchange ratio established in the Business Combination. The accompanying unaudited condensed consolidated financial statements include the accounts and operations of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Certain notes or other information that are normally required by U.S. GAAP have been omitted if they substantially duplicate the disclosures contained in the Company’s annual audited financial statements. Accordingly, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of the Company’s 2022 Annual Report on Form 10-K. The accompanying unaudited interim financial statements, in the opinion of management, include all normal and recurring adjustments necessary for a fair presentation of the Company’s unaudited financial statements for the periods presented. The results of operations for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2023 or for any other future annual or interim period. Estimates and Assumptions — The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and revenues and expenses reported during the period. Some of the estimates and assumptions that require the most difficult judgments are: a) the appropriateness of the valuation and useful lives of intangibles and other long-lived assets; b) the appropriateness of the amount of accrued income taxes, including the potential outcome of future tax consequences of events that have been recognized in the condensed consolidated financial statements as well as the deferred tax asset valuation allowances; c) the sufficiency of the allowance for doubtful accounts; d) the assumptions used to value equity-based compensation arrangements; e) the assumptions used to allocate transaction price to multiple performance obligations for uncapped subscription arrangements; f) the assumptions used to estimate unused capped subscription-based and credit-based products. These judgments are inherently uncertain which directly impacts their valuation and accounting. Actual results and outcomes may differ from management’s estimates and assumptions. Cash, Cash Equivalents and Restricted Cash — The following represents the Company’s cash, cash equivalents and restricted cash as of June 30, 2023 and December 31, 2022 (in thousands): As of June 30, 2023 As of December 31, 2022 Cash and cash equivalents $ 121,308 $ 97,912 Restricted cash 4,274 4,482 Total cash, cash equivalents and restricted cash $ 125,582 $ 102,394 Cash equivalents are short-term, highly liquid investments that are both readily convertible to cash and have maturities at the date of acquisition of three months or less. Cash equivalents are generally composed of investment-grade debt instruments subject to lower levels of credit risk, including certificates of deposit and money market funds. The Company’s current cash and cash equivalents consist primarily of cash on hand, bank deposits, and money market accounts. Restricted cash consists primarily of cash held as collateral related to corporate credit cards and real estate lease obligations. Accounts Receivable —  Net  —  Accounts receivable are trade receivables, net of reserves for allowances for doubtful accounts totaling $7.1 million as of June 30, 2023 and $6.5 million as of December 31, 2022. The Company recorded net bad debt expense of $0.6 million and $0.4 million for the three months ended June 30, 2023 and 2022, respectively and $1.1 million and $0.8 million for the six months ended June 30, 2023 and 2022, respectively. Allowance for doubtful accounts is calculated based on historical losses, existing economic conditions, and analysis of specific older account balances of customer and delegate accounts. Trade receivables are written off when collection efforts have been exhausted. Minority Investment without Readily Determinable Fair Value — The carrying amount of the minority investments, which is included within “Other long-term assets” on the Condensed Consolidated Balance Sheets, was $9.8 million and $9.6 million as June 30, 2023 and December 31, 2022, respectively. The Company uses the measurement alternative for these equity investments and their carrying value is reported at cost, adjusted for impairments or any observable price changes in ordinary transactions with identical or similar investments. Revenue related to content consumed by the minority investees was not material during the three and six months ended June 30, 2023 and 2022. On a quarterly basis, the Company evaluates the carrying value of its long-term investments for impairment, which includes an assessment of revenue growth, earnings performance, working capital and general market conditions. As of June 30, 2023, no adjustments to the carrying values of the Company’s long-term investments were identified as a result of this assessment. Changes in performance negatively impacting operating results and cash flows of these investments could result in the Company recording an impairment charge in future periods. Revenue Recognition — Revenue is derived principally from licensing rights to use images, video footage and music that are delivered digitally over the internet. Digital content licenses are generally purchased on a monthly or annual subscription basis, whereby a customer either pays for a predetermined quantity of content or for access to the Company’s content library that may be downloaded over a specific period of time, or, on a transactional basis, whereby a customer pays for individual content licenses at the time of download. Also, a significant portion of revenue is generated through the sale and subsequent use of credits. Various amounts of credits are required to license digital content. The Company maintains a credit department that sets and monitors credit policies that establish credit limits and ascertains customer creditworthiness, thus reducing the risk of potential credit loss. Revenue is not recognized unless it is determined that collectability is reasonably assured. Revenue is recorded at invoiced amounts (including discounts and applicable sales taxes) less an allowance for sales returns, which is based on historical information. Customer payments received in advance of revenue recognition are contract liabilities and are recorded as deferred revenue. Customers that do not pay in advance are invoiced and are required to make payments under standard credit terms. The Company recognizes revenue under the core principle to depict the transfer of control to the Company’s customers in an amount reflecting the consideration to which the Company expects to be entitled. In order to achieve that core principle, the Company applies the following five-step approach: (i) identify the contract with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when a performance obligation is satisfied. For digital content licenses, the Company recognizes revenue on both its capped subscription-based, credit-based sales and single image licenses when content is downloaded, at which time the license is provided. In addition, management estimates expected unused licenses for capped subscription-based and credit-based products and recognizes the revenue associated with the unused licenses throughout the subscription or credit period. The estimate of unused licenses is based on historical download activity and future changes in the estimate could impact the timing of revenue recognition of the Company’s subscription products. For uncapped digital content subscriptions, the Company has determined that access to the existing content library and future digital content updates represent two separate performance obligations. As such, a portion of the total contract consideration related to access to the existing content library is recognized as revenue at the commencement of the contract when control of the content library is transferred. The remaining contractual consideration is recognized as revenue ratably over the term of the contract when updated digital content is transferred to the licensee, in line with when the control of the new content is transferred. Recently Adopted Accounting Standard Updates — There were no new accounting standards adopted during the quarter ended June 30, 2023 that had a material impact on our financial position or results of operations. Recently Issued Accounting Standard Updates — The Company implemented new applicable accounting pronouncements that are in effect and does not believe that there are any other new pronouncements that have been issued that might have a material impact on the Company’s financial position or results of operations.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	3. DERIVATIVE INSTRUMENTS Interest Rate Risk — The Company does not hold or issue derivative financial instruments for trading purposes. In general, the Company’s derivative activities do not create interest rate risk because fluctuations in the value of the instruments used for economic hedging purposes are offset by fluctuations in the value of the underlying exposures being hedged. Counterparties to derivative financial instruments expose the Company to credit related losses in the event of nonperformance; however, the Company has entered into these instruments with creditworthy financial institutions and considers the risk of nonperformance to be minimal. The following table summarizes the location and fair value amounts of derivative instruments reported in the Condensed Consolidated Balance Sheets (in thousands): As of June 30, 2023 As of December 31, 2022 Asset Liability Asset Liability Derivatives not designated as hedging instruments: Interest rate swaps $ 6,306 $ — $ 9,032 $ — Total derivatives $ 6,306 $ — $ 9,032 $ — Short-term derivative assets are included in “Other current assets” and long-term derivative assets are included in “Other long-term assets” on the Condensed Consolidated Balance Sheets. The Company recognized a net loss of $0.6 million and a net gain of $5.0 million on the derivative instruments for the three months ended June 30, 2023 and 2022, respectively. The Company recognized a net loss of $2.7 million and a net gain of $17.1 million on the derivative instruments for the six months ended June 30, 2023 and 2022, respectively. These are included in “(Loss) gain on fair value adjustment for swaps and foreign currency exchange contract – net” on the Condensed Consolidated Statements of Operations.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	4. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company’s disclosable financial instruments consist of cash equivalents, interest rate swaps, and debt. Assets and liabilities measured at fair value on a recurring basis (cash equivalents and interest rate swaps) and a nonrecurring basis (debt) are categorized in the tables below. Financial instrument assets recorded at fair value as of June 30, 2023 and December 31, 2022 are as follows (in thousands): As of June 30, 2023 Level 1 Level 2 Level 3 Total Money market funds (cash equivalents) $ 61,301 $ — $ — $ 61,301 Derivative assets: Interest rate swaps — 6,306 — 6,306 $ 61,301 $ 6,306 $ — $ 67,607 As of December 31, 2022 Level 1 Level 2 Level 3 Total Money market funds (cash equivalents) $ 20,462 $ — $ — $ 20,462 Derivative assets: Interest rate swaps — 9,032 — 9,032 $ 20,462 $ 9,032 $ — $ 29,494 The fair value of the Company’s money market funds is based on quoted active market prices for the funds and is determined using the market approach. The fair value of the Company’s interest rate swap contracts are based on market quotes provided by the counterparty. Quotes by the counterparty are calculated based on observable current rates and forward interest rate curves. The Company recalculates and validates this fair value using publicly available market inputs using the market approach. Financial instrument liabilities recorded or disclosed at fair value as of June 30, 2023 and December 31, 2022 are as follows (in thousands): As of June 30, 2023 Level 1 Level 2 Level 3 Total Term Loans $ — $ 1,118,296 $ — $ 1,118,296 Senior Notes — 296,250 — 296,250 $ — $ 1,414,546 $ — $ 1,414,546 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

OTHER ASSETS AND LIABILITIES

OTHER ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2023
Other Assets And Liabilities Disclosure [Abstract]
OTHER ASSETS AND LIABILITIES	5. OTHER ASSETS AND LIABILITIES Other Long-Term Assets — Other long-term assets consisted of the following at the reported Balance Sheet dates (in thousands): As of June 30, As of December 31, Long term note receivable from a related party $ 24,000 $ 24,000 Minority and other investments 12,292 12,097 Derivative asset — 9,032 Tax receivable 2,700 2,700 Equity method investment 2,699 2,064 Long term deposits 1,519 1,609 Other 789 450 $ 43,999 $ 51,952 Accrued Expenses — Accrued expenses at the reported Balance Sheet dates are summarized below (in thousands): As of June 30, As of December 31, Accrued compensation and related costs $ 15,131 $ 23,851 Lease liabilities 9,893 10,094 Interest payable 9,869 9,993 Accrued professional fees 9,389 4,334 Other 1,019 1,055 $ 45,301 $ 49,327

DEBT

DEBT	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
DEBT	6. DEBT Debt included the following (in thousands): As of June 30, As of December 31, Senior Notes $ 300,000 $ 300,000 USD Term Loans 662,200 687,400 EUR Term Loans 456,076 446,996 Less: issuance costs and discounts amortized to interest expense (3,727) (5,549) Long-term debt – net $ 1,414,549 $ 1,428,847 The face value of the EUR Term Loans was €419.0 million as of June 30, 2023 and December 31, 2022. The table above converted the EUR Term Loans to USD using currency exchange rates as of those dates. On May 4, 2023, the Company amended the existing senior secured credit facility to among other things, (i) upsize the total amount of commitments under the revolving credit facility capacity from $80.0 million to $150.0 million and (ii) extend the maturity of the revolving credit facility until May 4, 2028. The revolving credit facility remains undrawn. The Company accounted for this amendment as a modification of the existing revolving credit facility. The unamortized debt issuance costs and the fees incurred to amend the revolving credit facility will be amortized over the term of the new revolving credit facility. On May 10, 2023, the Company used $20.0 million of cash to repay a portion of the USD Term Loans and on August 11, 2023, the Company used $20.0 million of cash to repay an additional portion of the USD Term Loans.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	7. COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company enters into certain types of agreements that contingently require the Company to indemnify counterparties against third-party claims. The nature and terms of these indemnifications vary from contract to contract, and generally a maximum obligation is not stated. Because management does not believe a material liability is probable, no related liabilities were recorded at June 30, 2023 and December 31, 2022. The Company is subject to a variety of legal claims and suits that arise from time to time in the ordinary course of business. Although management currently believes that resolving such claims, individually or in aggregate, will not have a material adverse impact on the condensed consolidated financial statements, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. The Company holds insurance policies that mitigate potential losses arising from certain indemnifications, and historically, significant costs related to performance under these obligations have not been incurred. The Company has open tax audits in various jurisdictions and some of these jurisdictions require taxpayers to pay assessed taxes in advance or at the time of appealing such assessments. One such jurisdiction is Canada, where one of the Company’s subsidiaries, iStockphoto ULC, recently received tax assessments from the Canada Revenue Agency (“CRA”) asserting additional tax is due. The position taken by the CRA is related to the transactions between iStockphoto ULC and other affiliates within the Getty Images group for the 2015 Canadian income tax return filed. The Company believes the CRA position lacks merit and intends to appeal and vigorously contest these assessments. As part of the appeal process in Canada, the Company may be required to pay a portion of the assessment amount, which the Company estimates could be up to $19.0 million in 2023. Such required payment is not an admission that the Company believes it is subject to such taxes. The Company believes it is more likely than not it will prevail on appeal, however, if the CRA were to be successful in the appeal process, the Company estimates the maximum potential outcome could be up to $26.5 million.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	8. REVENUE The Company distributes its content and services offerings through three primary products: Creative — Creative, is comprised of royalty free (“RF”) photos, illustrations, vectors and videos, that are released for commercial use and cover a wide variety of commercial, conceptual and contemporary subjects, including lifestyle, business, science, health, wellness, beauty, sports, transportation and travel. This content is available for immediate use by a wide range of customers with a depth, breadth and quality allowing our customers to produce impactful websites, digital media, social media, marketing campaigns, corporate collateral, textbooks, movies, television and online video content relevant to their target geographies and audiences. We primarily source Creative content from a broad network of professional, semi-professional and amateur creators, many of whom are exclusive to Getty Images. We have a global creative insights team dedicated to providing briefing and art direction to our exclusive contributor community. Editorial — Editorial, is comprised of photos and videos covering the world of entertainment, sports and news. We combine contemporary coverage of events around the globe and have one of the largest privately held archives globally with access to images from the beginning of photography. We invest in a dedicated editorial team which includes over 110 staff photographers and videographers to generate our own coverage in addition to coverage from our network of content partners. Other — The Company offers a range of additional products and services to deepen the customer relationships, enhance customer loyalty and create additional differentiation in the market. These additional products and services currently include music licensing, digital asset management and distribution services, print sales and data licensing. The following table summarizes the Company’s revenue by product (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Creative $ 141,281 $ 146,669 $ 287,778 $ 295,067 Editorial 80,281 82,945 164,906 161,698 Other 4,113 3,713 8,633 7,540 Total Revenue $ 225,675 $ 233,327 $ 461,317 $ 464,305 The June 30, 2023 deferred revenue balance will be earned as content is downloaded, services are provided or upon the expiration of subscription-based products, and nearly all is expected to be earned within the next twelve months. During the six months ended June 30, 2023, the Company recognized revenue of $103.9 million, that had been included in deferred revenue as of January 1, 2023.

EQUITY_BASED COMPENSATION

EQUITY‑BASED COMPENSATION	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
EQUITY‑BASED COMPENSATION	9. EQUITY—BASED COMPENSATION Equity-based compensation expense is recorded in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations, net of estimated forfeitures. The Company recognized equity-based compensation - net of estimated forfeitures of $11.9 million and $18.0 million for the three and six months ended June 30, 2023, respectively. The Company recognized equity-based compensation - net of estimated forfeitures of $1.4 million and $3.1 million for the three and six months ended June 30, 2022, respectively. The Company capitalized $0.2 million and $1.0 million of equity-based compensation expense associated with the cost of developing internal-use software during the three and six months ended June 30, 2023, respectively. No equity-based compensation expense associated with the cost of developing internal-use software was capitalized during the three and six months ended June 30, 2022, respectively. The Getty Images Holdings, Inc. 2022 Equity Incentive Plan (“2022 Plan”) provides for the grant of stock options, including incentive stock options and nonqualified stock options, stock appreciation rights, restricted stock, dividend equivalents, restricted stock units (“RSU”), performance stock units (“PSU”), and other stock or cash-based awards. Equity-based awards generally vest over three Stock Options — The following tables presents a summary of the Company’s stock option activity for the six months ended June 30, 2023 (in thousands except weighted average data and years): Weighted Remaining Number Average Average of Exercise Contractual awards Price Life (in Years) Outstanding — December 31, 2022 29,935 $ 3.08 5.85 Granted 2,934 6.49 Exercised (1,691) 2.90 Pre-vesting forfeitures (2) 2.74 Post-vesting cancellations (9) 7.82 Outstanding – June 30, 2023 31,167 3.41 5.83 Exercisable – June 30, 2023 26,689 $ 3.02 5.27 Vested and expected to vest after June 30, 2023 31,134 $ 3.41 5.83 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): June 30, December 31, 2023 2022 Stock options outstanding $ 53,501 $ 75,888 Stock options exercisable $ 51,787 $ 68,431 Stock options vested and expected to vest $ 53,443 $ 75,704 The intrinsic value of stock options exercised for the six months ended June 30, 2023 was approximately $4.6 million. The intrinsic value of stock options exercised in the six months ended June 30, 2022 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 during the six months ended June 30, 2023 were as follows. No stock options were granted during the three months ended June 30, 2022: Six Months Ended June 30, 2023 Weighted average grant date fair value per award $ 2.20 Valuation model used Black-Scholes Expected award price volatility 50.00 % Risk-free rate of return 3.70 % Expected life of awards 5.9 years Expected rate of dividends — % 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 June 30, 2023, there was $8.5 million of total unrecognized compensation expense related to outstanding stock options, which the Company expects to recognize over a weighted average period of approximately 2.44 years. Restricted Stock Units — The following table presents a summary of RSU activity (in thousands except weighted average data): Number of Weighted Average awards Grant-Date Fair Value Outstanding — December 31, 2022 4,367 $ 5.58 Granted 3,368 $ 4.78 Vested (1,423) $ 5.56 Cancelled (72) $ 5.60 Outstanding – June 30, 2023 6,240 $ 5.15 As of June 30, 2023, the total unrecognized compensation expense related to RSUs is approximately $30.2 million, which is expected to be recognized over a weighted average period of approximately 2.62 years. Performance Stock Units — The following table presents a summary of PSU activity (in thousands except weighted average data): Number of Weighted Average awards Grant-Date Fair Value Outstanding — December 31, 2022 — $ — Granted 942 $ 4.75 Vested — $ — Cancelled — $ — Outstanding – June 30, 2023 942 $ 4.75 The number of units subject to future vesting is based on annual Company achieved factors, such as Revenue growth and Adjusted EBITDA less Capital Expenditures growth. Unvested units are expected to vest at the determination date of March 20, 2024, and expense recognized is adjusted quarterly for expected achievement. In addition to the granted shares in the table above, the Company issued an incremental 1.9 million PSUs that will have an accounting grant date in future periods upon achieved factors being set. PSU achievement is at the discretion of the Compensation Committee of the Board of Directors. Earn Out Plan —The Getty Images Holdings, Inc. Earn Out Plan (“Earn Out Plan”) provides for the grant of RSUs, which generally vest upon grant. Under the Earn Out Plan, up to 6.0 million shares of Class A common stock are reserved for issuance, of which 4,479,377 shares are available to be issued as of June 30, 2023. Number of Weighted Average awards Grant-Date Fair Value Outstanding — December 31, 2022 — $ — Granted 1,521 $ 5.11 Vested (1,521) $ 5.11 Cancelled — $ — Outstanding – June 30, 2023 — $ — As of June 30, 2023, there is no unrecognized compensation expense related to RSUs granted from the Earn Out Plan, as all RSUs were fully vested upon grant.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	10. INCOME TAXES The provision for income taxes for interim periods is determined using an estimate of the Company’s annual effective ate as prescribed under ASC 740 “Income Taxes” (“ASC 740”). Any changes to the estimated annual rate are recorded in the interim period in which the changes occur. The Company recorded an income tax expense of $2.9 million and $15.2 million for the three months ended June 30, 2023 and 2022, respectively. The decrease in tax expense compared to the prior year is primarily due to changes in pre-tax income (loss) and a release of uncertain tax position reserves in current year. The Company recorded an income tax expense $6.1 million and $28.3 million for the six months ended June 30, 2023 and 2022, respectively. The decrease in tax expense compared to the prior year is primarily due to changes in pre-tax income (loss) and a release of uncertain tax position reserves in current year. The Company’s effective income tax rate is (208.1 %) and 121.3% for the three and six months ended June 30, 2023, respectively. The most significant drivers of the difference between the 2023 statutory U.S. federal income tax rate of 21.0% and the Company’s effective tax rate are primarily due to jurisdictions with losses for which no tax benefit can be recognized and foreign withholding tax expense not analogous to pre-tax income. The Company’s effective income tax rate is 28.2% and 30.8% for the three and six months ended June 30, 2022, respectively. The most significant drivers of the difference between the 2022 statutory U.S. federal income tax rate of 21.0% and the Company’s effective tax rate are primarily due to jurisdictions with losses for which no tax benefit can be recognized and foreign withholding tax expense not analogous to pre-tax income.

NET (LOSS) INCOME PER SHARE ATT

NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS	11. NET (LOSS) INCOME 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): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 NET (LOSS) INCOME $ (4,277) $ 38,695 $ (1,074) $ 63,802 Less: Net (loss) income attributable to noncontrolling interest (214) 167 293 375 Redeemable Preferred Stock dividend — 19,705 — 38,552 NET (LOSS) INCOME ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC. $ (4,063) $ 18,823 $ (1,367) $ 24,875 Weighted-average Class A common stock outstanding: Basic 397,417,290 196,107,293 396,368,132 196,105,637 Effect of dilutive securities — 23,515,992 — 24,469,803 Diluted 397,417,290 219,623,285 396,368,132 220,575,440 Net income per share of Class A common stock attributable to Getty Images Holdings, Inc. common stockholders: Basic $ (0.01) $ 0.10 $ — $ 0.13 Diluted $ (0.01) $ 0.09 $ — $ 0.11 As the Company had a net loss for the three and six months ended June 30, 2023, the diluted net loss per share does not include 38.3 million in equity-based compensation awards as their effect would have been anti-dilutive.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	12. SUBSEQUENT EVENTS As disclosed in Note 6, on August 11, 2023, the Company used $20.0 million of cash to repay a portion of the USD Term Loans.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation — The Company’s accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial reporting. The Business Combination in July of 2022 was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, CCNB was treated as the “acquired” company and Legacy Getty is treated as the acquirer for financial reporting purposes. The consolidated assets, liabilities and results of operations prior to the Business Combination are those of Legacy Getty. The shares and corresponding capital amounts and earnings per share, prior to the Business Combination, have been retroactively restated based on shares reflecting the exchange ratio established in the Business Combination. The accompanying unaudited condensed consolidated financial statements include the accounts and operations of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Certain notes or other information that are normally required by U.S. GAAP have been omitted if they substantially duplicate the disclosures contained in the Company’s annual audited financial statements. Accordingly, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of the Company’s 2022 Annual Report on Form 10-K. The accompanying unaudited interim financial statements, in the opinion of management, include all normal and recurring adjustments necessary for a fair presentation of the Company’s unaudited financial statements for the periods presented. The results of operations for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2023 or for any other future annual or interim period.
Estimates and Assumptions	Estimates and Assumptions — The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and revenues and expenses reported during the period. Some of the estimates and assumptions that require the most difficult judgments are: a) the appropriateness of the valuation and useful lives of intangibles and other long-lived assets; b) the appropriateness of the amount of accrued income taxes, including the potential outcome of future tax consequences of events that have been recognized in the condensed consolidated financial statements as well as the deferred tax asset valuation allowances; c) the sufficiency of the allowance for doubtful accounts; d) the assumptions used to value equity-based compensation arrangements; e) the assumptions used to allocate transaction price to multiple performance obligations for uncapped subscription arrangements; f) the assumptions used to estimate unused capped subscription-based and credit-based products. These judgments are inherently uncertain which directly impacts their valuation and accounting. Actual results and outcomes may differ from management’s estimates and assumptions.
Cash, Cash Equivalents and Restricted Cash	Cash equivalents are short-term, highly liquid investments that are both readily convertible to cash and have maturities at the date of acquisition of three months or less. Cash equivalents are generally composed of investment-grade debt instruments subject to lower levels of credit risk, including certificates of deposit and money market funds. The Company’s current cash and cash equivalents consist primarily of cash on hand, bank deposits, and money market accounts. Restricted cash consists primarily of cash held as collateral related to corporate credit cards and real estate lease obligations.
Accounts Receivable-Net	Accounts Receivable —  Net  —  Accounts receivable are trade receivables, net of reserves for allowances for doubtful accounts totaling $7.1 million as of June 30, 2023 and $6.5 million as of December 31, 2022. The Company recorded net bad debt expense of $0.6 million and $0.4 million for the three months ended June 30, 2023 and 2022, respectively and $1.1 million and $0.8 million for the six months ended June 30, 2023 and 2022, respectively. Allowance for doubtful accounts is calculated based on historical losses, existing economic conditions, and analysis of specific older account balances of customer and delegate accounts. Trade receivables are written off when collection efforts have been exhausted.
Minority Investment without Readily Determinable Fair Value	Minority Investment without Readily Determinable Fair Value — The carrying amount of the minority investments, which is included within “Other long-term assets” on the Condensed Consolidated Balance Sheets, was $9.8 million and $9.6 million as June 30, 2023 and December 31, 2022, respectively. The Company uses the measurement alternative for these equity investments and their carrying value is reported at cost, adjusted for impairments or any observable price changes in ordinary transactions with identical or similar investments. Revenue related to content consumed by the minority investees was not material during the three and six months ended June 30, 2023 and 2022. On a quarterly basis, the Company evaluates the carrying value of its long-term investments for impairment, which includes an assessment of revenue growth, earnings performance, working capital and general market conditions. As of June 30, 2023, no adjustments to the carrying values of the Company’s long-term investments were identified as a result of this assessment. Changes in performance negatively impacting operating results and cash flows of these investments could result in the Company recording an impairment charge in future periods.
Revenue Recognition	Revenue Recognition — Revenue is derived principally from licensing rights to use images, video footage and music that are delivered digitally over the internet. Digital content licenses are generally purchased on a monthly or annual subscription basis, whereby a customer either pays for a predetermined quantity of content or for access to the Company’s content library that may be downloaded over a specific period of time, or, on a transactional basis, whereby a customer pays for individual content licenses at the time of download. Also, a significant portion of revenue is generated through the sale and subsequent use of credits. Various amounts of credits are required to license digital content. The Company maintains a credit department that sets and monitors credit policies that establish credit limits and ascertains customer creditworthiness, thus reducing the risk of potential credit loss. Revenue is not recognized unless it is determined that collectability is reasonably assured. Revenue is recorded at invoiced amounts (including discounts and applicable sales taxes) less an allowance for sales returns, which is based on historical information. Customer payments received in advance of revenue recognition are contract liabilities and are recorded as deferred revenue. Customers that do not pay in advance are invoiced and are required to make payments under standard credit terms. The Company recognizes revenue under the core principle to depict the transfer of control to the Company’s customers in an amount reflecting the consideration to which the Company expects to be entitled. In order to achieve that core principle, the Company applies the following five-step approach: (i) identify the contract with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when a performance obligation is satisfied. For digital content licenses, the Company recognizes revenue on both its capped subscription-based, credit-based sales and single image licenses when content is downloaded, at which time the license is provided. In addition, management estimates expected unused licenses for capped subscription-based and credit-based products and recognizes the revenue associated with the unused licenses throughout the subscription or credit period. The estimate of unused licenses is based on historical download activity and future changes in the estimate could impact the timing of revenue recognition of the Company’s subscription products. For uncapped digital content subscriptions, the Company has determined that access to the existing content library and future digital content updates represent two separate performance obligations. As such, a portion of the total contract consideration related to access to the existing content library is recognized as revenue at the commencement of the contract when control of the content library is transferred. The remaining contractual consideration is recognized as revenue ratably over the term of the contract when updated digital content is transferred to the licensee, in line with when the control of the new content is transferred.
Recently Adopted Accounting Standard Updates/Recently Issued Accounting Standard Updates	Recently Adopted Accounting Standard Updates — There were no new accounting standards adopted during the quarter ended June 30, 2023 that had a material impact on our financial position or results of operations. Recently Issued Accounting Standard Updates — The Company implemented new applicable accounting pronouncements that are in effect and does not believe that there are any other new pronouncements that have been issued that might have a material impact on the Company’s financial position or results of operations.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Cash, Cash Equivalents and Restricted Cash	The following represents the Company’s cash, cash equivalents and restricted cash as of June 30, 2023 and December 31, 2022 (in thousands): As of June 30, 2023 As of December 31, 2022 Cash and cash equivalents $ 121,308 $ 97,912 Restricted cash 4,274 4,482 Total cash, cash equivalents and restricted cash $ 125,582 $ 102,394

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value Amounts of Derivative Instruments	The following table summarizes the location and fair value amounts of derivative instruments reported in the Condensed Consolidated Balance Sheets (in thousands): As of June 30, 2023 As of December 31, 2022 Asset Liability Asset Liability Derivatives not designated as hedging instruments: Interest rate swaps $ 6,306 $ — $ 9,032 $ — Total derivatives $ 6,306 $ — $ 9,032 $ —

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Financial Instrument Assets Recorded at Fair Value	Financial instrument assets recorded at fair value as of June 30, 2023 and December 31, 2022 are as follows (in thousands): As of June 30, 2023 Level 1 Level 2 Level 3 Total Money market funds (cash equivalents) $ 61,301 $ — $ — $ 61,301 Derivative assets: Interest rate swaps — 6,306 — 6,306 $ 61,301 $ 6,306 $ — $ 67,607 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 June 30, 2023 and December 31, 2022 are as follows (in thousands): As of June 30, 2023 Level 1 Level 2 Level 3 Total Term Loans $ — $ 1,118,296 $ — $ 1,118,296 Senior Notes — 296,250 — 296,250 $ — $ 1,414,546 $ — $ 1,414,546 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

OTHER ASSETS AND LIABILITIES (T

OTHER ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2023
Other Assets And Liabilities Disclosure [Abstract]
Other Long-Term Assets	Other long-term assets consisted of the following at the reported Balance Sheet dates (in thousands): As of June 30, As of December 31, Long term note receivable from a related party $ 24,000 $ 24,000 Minority and other investments 12,292 12,097 Derivative asset — 9,032 Tax receivable 2,700 2,700 Equity method investment 2,699 2,064 Long term deposits 1,519 1,609 Other 789 450 $ 43,999 $ 51,952
Accrued Expenses	Accrued expenses at the reported Balance Sheet dates are summarized below (in thousands): As of June 30, As of December 31, Accrued compensation and related costs $ 15,131 $ 23,851 Lease liabilities 9,893 10,094 Interest payable 9,869 9,993 Accrued professional fees 9,389 4,334 Other 1,019 1,055 $ 45,301 $ 49,327

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt included the following (in thousands): As of June 30, As of December 31, Senior Notes $ 300,000 $ 300,000 USD Term Loans 662,200 687,400 EUR Term Loans 456,076 446,996 Less: issuance costs and discounts amortized to interest expense (3,727) (5,549) Long-term debt – net $ 1,414,549 $ 1,428,847

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue by Product	The following table summarizes the Company’s revenue by product (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Creative $ 141,281 $ 146,669 $ 287,778 $ 295,067 Editorial 80,281 82,945 164,906 161,698 Other 4,113 3,713 8,633 7,540 Total Revenue $ 225,675 $ 233,327 $ 461,317 $ 464,305

EQUITY_BASED COMPENSATION (Tabl

EQUITY‑BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock Option Activity	The following tables presents a summary of the Company’s stock option activity for the six months ended June 30, 2023 (in thousands except weighted average data and years): Weighted Remaining Number Average Average of Exercise Contractual awards Price Life (in Years) Outstanding — December 31, 2022 29,935 $ 3.08 5.85 Granted 2,934 6.49 Exercised (1,691) 2.90 Pre-vesting forfeitures (2) 2.74 Post-vesting cancellations (9) 7.82 Outstanding – June 30, 2023 31,167 3.41 5.83 Exercisable – June 30, 2023 26,689 $ 3.02 5.27 Vested and expected to vest after June 30, 2023 31,134 $ 3.41 5.83
Intrinsic Value of Stock Options	The intrinsic value of the Company’s stock options is as follows (in thousands): June 30, December 31, 2023 2022 Stock options outstanding $ 53,501 $ 75,888 Stock options exercisable $ 51,787 $ 68,431 Stock options vested and expected to vest $ 53,443 $ 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 during the six months ended June 30, 2023 were as follows. No stock options were granted during the three months ended June 30, 2022: Six Months Ended June 30, 2023 Weighted average grant date fair value per award $ 2.20 Valuation model used Black-Scholes Expected award price volatility 50.00 % Risk-free rate of return 3.70 % Expected life of awards 5.9 years Expected rate of dividends — %
Restricted Stock Units Activity	The following table presents a summary of RSU activity (in thousands except weighted average data): Number of Weighted Average awards Grant-Date Fair Value Outstanding — December 31, 2022 4,367 $ 5.58 Granted 3,368 $ 4.78 Vested (1,423) $ 5.56 Cancelled (72) $ 5.60 Outstanding – June 30, 2023 6,240 $ 5.15 Number of Weighted Average awards Grant-Date Fair Value Outstanding — December 31, 2022 — $ — Granted 1,521 $ 5.11 Vested (1,521) $ 5.11 Cancelled — $ — Outstanding – June 30, 2023 — $ —
Performance Stock Units Activity	The following table presents a summary of PSU activity (in thousands except weighted average data): Number of Weighted Average awards Grant-Date Fair Value Outstanding — December 31, 2022 — $ — Granted 942 $ 4.75 Vested — $ — Cancelled — $ — Outstanding – June 30, 2023 942 $ 4.75

NET (LOSS) INCOME PER SHARE A_2

NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Tables)	6 Months Ended
	Jun. 30, 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): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 NET (LOSS) INCOME $ (4,277) $ 38,695 $ (1,074) $ 63,802 Less: Net (loss) income attributable to noncontrolling interest (214) 167 293 375 Redeemable Preferred Stock dividend — 19,705 — 38,552 NET (LOSS) INCOME ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC. $ (4,063) $ 18,823 $ (1,367) $ 24,875 Weighted-average Class A common stock outstanding: Basic 397,417,290 196,107,293 396,368,132 196,105,637 Effect of dilutive securities — 23,515,992 — 24,469,803 Diluted 397,417,290 219,623,285 396,368,132 220,575,440 Net income per share of Class A common stock attributable to Getty Images Holdings, Inc. common stockholders: Basic $ (0.01) $ 0.10 $ — $ 0.13 Diluted $ (0.01) $ 0.09 $ — $ 0.11

DESCRIPTION OF THE BUSINESS (De

DESCRIPTION OF THE BUSINESS (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) language
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of languages utilized through entity websites | language	23
Getty Images Holdings, Inc
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets available through industry leading sites | $	$ 538

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, allowance	$ 7,090		$ 7,090		$ 6,460
Bad debt expense	600	$ 400	1,100	$ 800
Carrying amount of minority investments	43,999		43,999		51,952
Noncontrolling Interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying amount of minority investments	$ 9,800		$ 9,800		$ 9,600

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 121,308	$ 97,912
Restricted cash	4,274	4,482
Total cash, cash equivalents and restricted cash	$ 125,582	$ 102,394	$ 218,371	$ 191,529

DERIVATIVE INSTRUMENTS - Fair V

DERIVATIVE INSTRUMENTS - Fair Value Amounts of Derivative Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Total derivatives, asset	$ 6,306	$ 9,032
Total derivatives, liability	0	0
Interest rate swaps
Derivatives, Fair Value [Line Items]
Total derivatives, asset	6,306	9,032
Total derivatives, liability	$ 0	$ 0

DERIVATIVE INSTRUMENTS - Narrat

DERIVATIVE INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Loss recognized on derivatives	$ 0.6		$ 2.7
Gain recognized on derivatives		$ 5		$ 17.1

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instrument Assets Recorded at Fair Value (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds (cash equivalents)	$ 61,301	$ 20,462
Assets, fair value	67,607	29,494
Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	6,306	9,032
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds (cash equivalents)	61,301	20,462
Assets, fair value	61,301	20,462
Level 1 | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds (cash equivalents)	0	0
Assets, fair value	6,306	9,032
Level 2 | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	6,306	9,032
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds (cash equivalents)	0	0
Assets, fair value	0	0
Level 3 | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instrument Liabilities Recorded or Disclosed at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term Loans	$ 1,118,296	$ 1,112,990
Senior Notes	296,250	297,354
Liabilities, fair value	1,414,546	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	1,118,296	1,112,990
Senior Notes	296,250	297,354
Liabilities, fair value	1,414,546	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 -

OTHER ASSETS AND LIABILITIES - Other Long-Term Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Assets And Liabilities Disclosure [Abstract]
Long term note receivable from a related party	$ 24,000	$ 24,000
Minority and other investments	12,292	12,097
Derivative asset	$ 0	9,032
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term assets
Tax receivable	$ 2,700	2,700
Equity method investment	2,699	2,064
Long term deposits	1,519	1,609
Other	789	450
Other long-term assets	$ 43,999	$ 51,952

OTHER ASSETS AND LIABILITIES _2

OTHER ASSETS AND LIABILITIES - Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Assets And Liabilities Disclosure [Abstract]
Accrued compensation and related costs	$ 15,131	$ 23,851
Lease liabilities	$ 9,893	10,094
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses
Interest payable	$ 9,869	9,993
Accrued professional fees	9,389	4,334
Other	1,019	1,055
Accrued expenses	$ 45,301	$ 49,327

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Less: issuance costs and discounts amortized to interest expense	$ (3,727)	$ (5,549)
Long-term debt – net	1,414,549	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	662,200	687,400
EUR Term Loans
Debt Instrument [Line Items]
Long-term debt, gross	$ 456,076	$ 446,996

DEBT - Narrative (Details)

DEBT - Narrative (Details) $ in Thousands, € in Millions			6 Months Ended
	Aug. 11, 2023 USD ($)	May 10, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 EUR (€)	May 04, 2023 USD ($)	May 03, 2023 USD ($)	Dec. 31, 2022 EUR (€)
Debt Instrument [Line Items]
Repayment of debt			$ 25,200	$ 5,200
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Aggregate principal amount (up to)						$ 150,000	$ 80,000
EUR Term Loans
Debt Instrument [Line Items]
Debt face amount | €					€ 419			€ 419
USD Term Loans
Debt Instrument [Line Items]
Repayment of debt		$ 20,000
USD Term Loans | Subsequent Event
Debt Instrument [Line Items]
Repayment of debt	$ 20,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - Pending Litigation - Tax Assessment, Canada Revenue Agency $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Loss Contingencies [Line Items]
Loss contingency, amount sought by plaintiff	$ 19
Maximum
Loss Contingencies [Line Items]
Loss contingency, amount sought by plaintiff	$ 26.5

REVENUE - Narrative (Details)

REVENUE - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) employee product
Revenue from Contract with Customer [Abstract]
Number of primary products | product	3
Number of staff photographers and videographers (in employees) | employee	110
Contract with customer, liability, revenue recognized | $	$ 103.9

REVENUE - Revenue by Product (D

REVENUE - Revenue by Product (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total Revenue	$ 225,675	$ 233,327	$ 461,317	$ 464,305
Creative
Disaggregation of Revenue [Line Items]
Total Revenue	141,281	146,669	287,778	295,067
Editorial
Disaggregation of Revenue [Line Items]
Total Revenue	80,281	82,945	164,906	161,698
Other
Disaggregation of Revenue [Line Items]
Total Revenue	$ 4,113	$ 3,713	$ 8,633	$ 7,540

EQUITY_BASED COMPENSATION - Nar

EQUITY‑BASED COMPENSATION - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense capitalized	$ 200,000	$ 0	$ 1,000,000	$ 0
Intrinsic value of stock options exercised			4,600,000	0
Unrecognized compensation charge related to non-vested options	8,500,000		$ 8,500,000
Employee Stock Option
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation expense, weighted average period			2 years 5 months 8 days
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation expense, weighted average period			2 years 7 months 13 days
Unrecognized compensation charge excluding non-vested options	$ 30,200,000		$ 30,200,000
Performance Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of incremental shares issued			1,900,000
Equity Incentive Plan 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares available for issuance	51,104,577		51,104,577
Number of shares available to be issued	7,730,861		7,730,861
Equity Incentive Plan 2022 | Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Equity based awards vesting period			4 years
Equity Incentive Plan 2022 | Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Equity based awards vesting period			3 years
Earn Out Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares available for issuance	6,000,000		6,000,000
Number of shares available to be issued	4,479,377		4,479,377
Earn Out Plan | Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation charge excluding non-vested options	$ 0		$ 0
2022 Employee Stock Purchase Plan | Employee Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares available for issuance	5,000,000		5,000,000
Number of shares available to be issued	5,000,000		5,000,000
ESPP purchase price of common stock, percent of market price			85%
Number of purchase periods			6 months
Maximum contribution rate	10%		10%
Selling, General and Administrative Expenses
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Equity-based compensation, net of forfeitures	$ 11,900,000	$ 1,400,000	$ 18,000,000	$ 3,100,000

EQUITY_BASED COMPENSATION - Sto

EQUITY‑BASED COMPENSATION - Stock Option Activity (Details) - $ / shares	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2023	Dec. 31, 2022
Number of Awards
Outstanding, beginning balance (in shares)		29,935,000
Granted (in shares)	0	2,934,000
Exercised (in shares)		(1,691,000)
Pre-vesting forfeitures (in shares)		(2,000)
Post-vesting cancellations (in shares)		(9,000)
Outstanding, ending balance (in shares)		31,167,000	29,935,000
Weighted Average Exercise Price
Outstanding, beginning balance (in dollars per share)		$ 3.08
Granted (in dollars per share)		6.49
Exercised (in dollars per share)		2.90
Pre-vesting forfeitures (in dollars per share)		2.74
Post-vesting cancellations (in dollars per share)		7.82
Outstanding, ending balance (in dollars per share)		$ 3.41	$ 3.08
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, remaining average contractual life (in years)		5 years 9 months 29 days	5 years 10 months 6 days
Exercisable (in shares)		26,689,000
Exercisable, weighted average exercise price (in dollars per share)		$ 3.02
Exercisable, remaining average contractual life		5 years 3 months 7 days
Vested and expected to vest (in shares)		31,134,000
Vested and expected to vest, weighted average exercise price (in dollars per share)		$ 3.41
Vested and expected to vest, remaining average contractual life		5 years 9 months 29 days

EQUITY_BASED COMPENSATION - Int

EQUITY‑BASED COMPENSATION - Intrinsic Value of Stock Options (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock options outstanding	$ 53,501	$ 75,888
Stock options exercisable	51,787	68,431
Stock options vested and expected to vest	$ 53,443	$ 75,704

EQUITY_BASED COMPENSATION - S_2

EQUITY‑BASED COMPENSATION - Stock Options, Valuation Assumptions (Details) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Granted (in shares)	0	2,934,000
Weighted average grant date fair value per award (in dollars per share)		$ 2.20
Expected award price volatility		50%
Risk-free rate of return		3.70%
Expected life of awards		5 years 10 months 24 days
Expected rate of dividends		0%

EQUITY-BASED COMPENSATION - Res

EQUITY-BASED COMPENSATION - Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Number of awards
Outstanding, beginning balance (in shares) | shares	4,367,000
Granted (in shares) | shares	3,368,000
Vested (in shares) | shares	(1,423,000)
Cancelled (in shares) | shares	(72,000)
Outstanding, ending balance (in shares) | shares	6,240,000
Weighted Average Grant-Date Fair Value
Outstanding at the beginning (in dollars per share) | $ / shares	$ 5.58
Granted (in dollars per share) | $ / shares	4.78
Vested (in dollars per share) | $ / shares	5.56
Cancelled (in dollars per share) | $ / shares	5.60
Outstanding at the end (in dollars per share) | $ / shares	$ 5.15
Earn Out Plan
Number of awards
Outstanding, beginning balance (in shares) | shares	0
Granted (in shares) | shares	1,521,000
Vested (in shares) | shares	(1,521,000)
Cancelled (in shares) | shares	0
Outstanding, ending balance (in shares) | shares	0
Weighted Average Grant-Date Fair Value
Outstanding at the beginning (in dollars per share) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	5.11
Vested (in dollars per share) | $ / shares	5.11
Cancelled (in dollars per share) | $ / shares	0
Outstanding at the end (in dollars per share) | $ / shares	$ 0

EQUITY_BASED COMPENSATION - Per

EQUITY‑BASED COMPENSATION - Performance Stock Units Activity (Details) - Performance Shares	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Number of awards
Outstanding, beginning balance (in shares) | shares	0
Granted (in shares) | shares	942,000
Vested (in shares) | shares	0
Cancelled (in shares) | shares	0
Outstanding, ending balance (in shares) | shares	942,000
Weighted Average Grant-Date Fair Value
Outstanding at the beginning (in dollars per share) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	4.75
Vested (in dollars per share) | $ / shares	0
Cancelled (in dollars per share) | $ / shares	0
Outstanding at the end (in dollars per share) | $ / shares	$ 4.75

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 2,889	$ 15,222	$ 6,122	$ 28,349
Effective income tax rate	(208.10%)	28.20%	121.30%	30.80%

NET (LOSS) INCOME PER SHARE A_3

NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS - Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
NET (LOSS) INCOME	$ (4,277)	$ 38,695	$ (1,074)	$ 63,802
Net (loss) income attributable to noncontrolling interest	(214)	167	293	375
Redeemable Preferred Stock dividend	0	19,705	0	38,552
NET (LOSS) INCOME ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC.	(4,063)	18,823	(1,367)	24,875
NET (LOSS) INCOME ATTRIBUTABLE TO GETTY IMAGES HOLDINGS, INC.	$ (4,063)	$ 18,823	$ (1,367)	$ 24,875
Weighted-average Class A common stock outstanding:
Basic (in dollars per share)	397,417,290	196,107,293	396,368,132	196,105,637
Effect of dilutive securities	0	23,515,992	0	24,469,803
Diluted	397,417,290	219,623,285	396,368,132	220,575,440
Net income per share of Class A common stock attributable to Getty Images Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ (0.01)	$ 0.10	$ 0	$ 0.13
Diluted (in dollars per share)	$ (0.01)	$ 0.09	$ 0	$ 0.11

NET (LOSS) INCOME PER SHARE A_4

NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS - Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Anti-dilutive securities (in shares)	38,300,000	0	38,300,000	0

NET (LOSS) INCOME PER SHARE A_5

NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS - Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	38,300,000	0	38,300,000	0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands			6 Months Ended
	Aug. 11, 2023	May 10, 2023	Jun. 30, 2023	Jun. 30, 2022
Subsequent Event [Line Items]
Repayment of debt			$ 25,200	$ 5,200
USD Term Loans
Subsequent Event [Line Items]
Repayment of debt		$ 20,000
USD Term Loans | Subsequent Event
Subsequent Event [Line Items]
Repayment of debt	$ 20,000