CMA Approves Getty Images Merger with Shutterstock on Condition of Sale

The United Kingdom Competition and Markets Authority independent inquiry group approved the proposed merger between Getty Images Holdings, Inc. and Shutterstock on May 15, 2026, provided that Shutterstock sells its global editorial business to resolve local competition concerns, as reported by Detik Finance.

The regulator stated that the merger would otherwise harm competition for editorial content supplied to UK media outlets, though global stock content remains unaffected. This clearance allows the transaction to proceed once the sale of Shutterstock Editorial, Backgrid, and Splash brands is completed to an approved buyer.

Separately, Getty Images announced its Q1 financial results on May 11, 2026, reporting an adjusted EPS of (2c) which fell below the consensus estimate of 0c. The company generated $226.57 million in revenue, missing the market expectation of $238.81 million.

"would lead to competition concerns" said the United Kingdom CMA’s independent inquiry group.

The regulatory body outlined that the divestment of Shutterstock's global editorial branch would completely mitigate the antitrust issues identified during the review.

"dynamic market environment," said Craig Peters, CEO of Getty Images Holdings, Inc.

The Chief Executive Officer explained that the business faced specific pressure within its Agency and microstock segments during the first quarter. However, Peters noted that the majority of the firm experienced sustained growth driven by customer renewals, expanded content coverage, and brand strength.

Looking ahead, Getty Images maintains its full-year 2026 revenue guidance of $948 million to $988 million, compared to the consensus estimate of $965.54 million. The firm also projects an adjusted EBITDA between $279 million and $295 million. Management confirmed that this outlook remains unchanged and excludes a normalized $40 million in accelerated revenue recognized in late 2025 from two multi-year licensing pacts.