Earnings: Getty Images Q4 Revs Up 7 Percent; Net Income Slips On Tax Rate

Stock photo company Getty Images (NYSE: GYI), which recently said it was pursuing strategic alternatives, has reported Q4 revenue of $218 million, up 4 percent year-over-year from $203.6 million. Excluding benefits from currency changes, revenue only grew 1 percent. Net income went the other way, falling 7 percent to $28.5 million ($.48 per share) from $30.9 billion ($.51 per share), as the company faced a higher tax bill. The company said it saw growth in micro payment revenue and digital distribution, which was offset by weakness in its traditional creative still business. For the full year, revenue was up 6 percent to $858 million, helped by 38 percent growth in editorial imagery via its acquisition of Mediavest. For the coming year, the company is calling for revenue of $900 million, which would be growth of just under 5 percent.

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