Getty Images (NYSE: GYI) posted higher Q2 profits of $33.7 million, with earnings per diluted share of $0.56, compared to $23.2 million the year before, a rise of 45.3 percent. Revenues rose 6.5 percent to $218 million from $204.6 million in Q206. Getty expects to soon benefit from the spate of acquisitions it closed during Q2, including the purchases of WireImage, Punchstock and Pump Audio. The company hopes these online content businesses will provide continued gains, which are continually being offset by a decline in traditional creative stills imagery revenue. The visual content company’s other Q2 results included:

— Selling, general and administrative expenses (SG&A) totaled $84.1 million or 38.6 percent of revenue, compared to Q206’s $77.9 million, or 38.1 percent of revenue.

—Income from operations was $53.1 million, which was 24.4 percent of revenue, versus last year’s $41.2 million.

—In reporting its business outlook, Getty said it will layoff about 100 employees, which will result in a charge of about $4 million in Q3. Getty said it expects the move will result in yearly savings of roughly $20 million in staff and staff related costs. Earnings release | Webcast (5:00 p.m. EST)