Operator
Good afternoon, and welcome to Getty Pictures Fourth Quarter and Full 12 months 2025 Earnings Convention Name. Immediately’s name is being recorded. We have now allotted 1 hour for ready remarks and Q&A. At the moment, I wish to flip the convention over to Steven Kanner, Vice President of Investor Relations and Treasury at Getty Pictures. Thanks. You could start.
Steven Kanner
Vice President of Investor Relations & Treasury
Good afternoon, and thanks for becoming a member of our fourth quarter and full 12 months 2025 earnings name. Becoming a member of me on at this time’s name are Craig Peters, Chief Govt Officer; and Jenn Leyden, Chief Monetary Officer.
Earlier than we start, we wish to word that as a result of ongoing regulatory evaluate course of, we will be unable to touch upon the fourth quarter 2025 Shutterstock working outcomes. We respect your understanding. This name will embrace forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995. These statements are topic to varied dangers, uncertainties and assumptions, which might trigger our precise outcomes to vary materially from these statements. These dangers, uncertainties and assumptions are highlighted within the forward-looking statements part of at this time’s press launch and in our filings with the SEC. Hyperlinks to those filings and at this time’s press launch might be discovered on our Investor Relations web site at buyers.gettyimages.com.
Throughout our name at this time, we can even reference sure non-GAAP monetary data, together with adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA much less CapEx and free money circulate. We use non-GAAP measures in a few of our